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The amount sold after customers' returns, sales discounts, and other allowances are taken away from
gross sales. (Companies usually just show the net salesamount on their income statements, omitting returns, allowances, and the like.)
Net (sales) revenue = (beg+purchases) - end
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What is net cost?
sales sales revenue minus net sales revenue
What are performance ratios?
Measure of profitability in relation to sales revenue, this ratio determines the net income earned on the sales revenue generated. Formula: Net income x 100 ÷ Sales revenue.
When Net Sales is bigger than Actual Sales?
What is accured Revenue
Is calculated by dividing the net income by revenue or sales?
return on sales
Is net sales the same as total revenue?
yes
What did the HSN shopping network make in revenue for 2010?
The net sales (revenue) for HSN in 2010 was $709.2million. However, they also branched into internet sales with HSNi and Cornerstone which brought their total net revenue to $915.2million.
Are 'revenue' and 'net sale' the same thing?
Net sales and revenues are important in the business community. Both are needed for a business to succeed. However, they are not the same thing. Sales lead to revenue.
Is sales and marketing the same thing as net sales?
Sales and marketing is the selling and marketing expenses to promote the product while net sales is the sales revenue minus discounts and returns.
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
Formula for net profit ratio?
Net Profit Margin = Net Profit/ Sales Revenue X 100
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.
How do you calculate net profit?
You take away the revenue with the total cost of you sales
