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If an item that costs 50.00 is marked 20 off. Sales tax for the item is 8. What is the final price including tax?
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Difference between absorption costing and marginal costing calicut uviversity?
The difference between marginal and absorption costing is that when preparing a statement based on marginal costing, you would subtract all variable costs, production or otherwise, from the sales revenue, to give the contribution, from which you subtract all fixed costs (production and non-production) to give profit made.Using absorption costing however, you subtract production costs (this will include both variable and fixed production costs) only from sales to give you the gross profit, from which you then subtract all non-production costs (fixed or variable) to give net profit.The final profit using both methods is always the same.
What is the impact of allocating common costs for internal decision making?
When companies choose to allocate costs they have to consider how those costs will impact the final cost of their products and services. If they allocate them incorrectly, then the final product may be over or under priced, which will negatively impact internal decision making.
What is an example of sales tax?
An example of a sales tax is a tax paid on items purchased. Sales tax varies from sale to state. An example is 13%, which is charged in Canada. Let's say something costs $20.00 and Canada's tax rate is 13%, so to find how much tax is on that $20.00 you have to turn the 13% into a decimal by dividing it by 100 and you will get 0.13. Then you multiply $20 by 0.13 and you get your answer which is $2.60. You then add the $20 to the $2.60 to get your final answer of $22.60. A faster way of doing this is you put a 1 in front of the .13 to get 1.13 and then multiply that by $20 to get the final answer of $22.60. Both of these ways will always work.
Is cost of sales the same as cost of revenues?
Yes it is, it's just slightly different terminology. You would probably find cost of revenue in a serivice based company. It should be noted that in final published accounts it's always referred to as cost of sales.
Difference between trading account manufacturing account?
A Trading Account is a Final and financial statement drawn by a firm at the end of their accounting period showing the relationship that existed between their Sales volume and Purchases and the Gross profit or loss arrived. When Net Sales exceeds the Cost of Sales then there is Gross Profit. However, if the Cost of Sales exceeds the Net Sale(Sales less Return Inwards) then there is Gross loss. A Manufacturing Account is part of the Final accounts drawn by a manufacturing entity before drawing the Trading Account. Since the firm is engaged in the manufacturing or converting of raw materials to finished goods,they express the monetary value of Prime Cost(Direct Materials + Direct Labour + Direct Expense) and Overheads( Sum of all Indirect cost) to determine the cost of Production.
How do you make sure a vampire doesn't come back?
Make sure that the words 'All Sales are Final, no returns' is clearly marked on the sales receipt.
An item listed for 80 will go on sale for 15 percent off if the sales tax is 8 percent what is the final price of the item?
The final price of the item, including the discount and sales tax, is: $73.44
What Nazi action marked the final stage on the final solution?
To get rid of Jews
What Nazi action marked the final stage of the final-solution?
the death marches.
What nazi action marked the final stage of the 'final solution'.?
the death marches.
What marked the final German offense?
Battle of Stalingrad.
Charlie bought a 60 radio on sale at 5 percent off How much did he pay including 5 percent sales tax?
The final cost will be $59.85
Are you able to cancel an 'All sales final' within 3 business days?
are you able to cancel an all sales final within three business days are you able to cancel an all sales final within three business days are you able to cancel an all sales final furniture purrchase within three business days
What battle marked the final German offensive?
Battle of Stalingrad.
What is the price to purchase Final Fantasy for the Wii?
There are quite a few places to purchase any game, including Final Fantasy. One of the best places is Gamestop. Ebay and other websites sales games daily and is probably your best bet.
The first stage of the demographic transition is marked by?
do your own final foo :]
The final campaign in the war in Mexico was marked by?
A siege of Mexico City
