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What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
For the fiscal year sales were 4125800 sales discounts were 380000 sales returns and allowances were 186750 and the cost of merchandise was 2475500 What was the amount of net sales gross profit?
Sales 4125800 Less: sales discounts 380000 Returns and allowances 186750 Net discount and returns 566750 Cost of merchandise 2475500 Gross profit 1083550
Is sales commission an expense or cost of sales?
Sales commission is a Cost of sales. But the salary of a sales agent is an expense.
What is the difference between cost of sales and sales?
Sales is the revenue of company while cost of sales is the cost of goods which are used to manufacture the units of products for sales purpose
What is a direct cost of sales?
Direct cost of sales is that cost which directly identifiable with sales like purchases etc.
What is subtracted from net sales revenue to get gross profit?
Sales returns from customers and discount allowed to customers are deducted from total sales to arrive at net sales.
What is the total cost of an electronic game if there is 15 percent discount as well as a eight sales tax?
You need the cost of the game before the 15% discount in order to answer this question.
Accounting treatment of trade discount and cash discount?
Trade Discount are considered cost of sales/reduction in sales dependant upon who the customer is. Cash Discount is always considered Increasing Interest Expense/Reduction of Interest Expense, dependant upon who the recipient is.
How is carriage inward treated in a trading and profit and loss account?
it is added to the cost of sales
What is the toal cost of an item when the item is 55 and discount is 20 percent and sales tax 5percent?
46.20
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
For the fiscal year sales were 4125800 sales discounts were 380000 sales returns and allowances were 186750 and the cost of merchandise was 2475500 What was the amount of net sales gross profit?
Sales 4125800 Less: sales discounts 380000 Returns and allowances 186750 Net discount and returns 566750 Cost of merchandise 2475500 Gross profit 1083550
What is the average cost of a cannon bjc 55?
The average cost of a Canon BJC55 is $1499 but the price of a Cannon BJC55 can go for as low as $799 during summer sales and discount sales which happen a couple of times a year.
How can you find total cost if the sales price is 22.49 and the discount rate is 3 percent?
If you get a 3% discount, the you'll pay 97% of the list price.0.97 x $22.49 = $21.82
supplied goods costing Rs600 to narendra invoice at 10 above cost and allowed 2 trade discount?
Good for you!
What does net sales mean?
The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions.
How much do car brakes really cost?
The cost of breaks can get very expensive, but there are lots of discount places that sell breaks at a discounted rate if their company is allowed to do the break job.
