In the oil and gas industry it represents the working interest owner's share of gross revenue less taxes (production and severance), conservation fees, marketing and handling fees AND their share of operating costs. The owners costs are said to be "netted" against their revenue.
Net sales = Total sales - sales returns and discounts
Net sales = Total sales - Sales returns and allowances
Net sales = Gross sales - (Customer Discounts, Returns, Allowances)
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
If you're asking in regard to a loan, then net of fees refers to the amount of the loan after fees are deducted. Example: If you are approved for a $100K mortgage and the fees associated with the loan (appraisal, title insurance, etc.) totaled $5K, then you would receive $95K "net of fees".
ismieal
In the oil and gas industry it represents the working interest owner's share of gross revenue less taxes (production and severance), conservation fees, marketing and handling fees AND their share of operating costs. The owners costs are said to be "netted" against their revenue.
Net sales = Total sales - sales returns and discounts
Net sales = Total sales - Sales returns and allowances
Net sales = Gross sales - (Customer Discounts, Returns, Allowances)
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
gross
If you take gross pay and take out taxes and fees you are left with net pay.
The net cost of an item is the cost of the item after any discounts or returns and before any tax
The difference between a gross and net withdrawal from a fund has to do with how much money you will receive. The gross withdrawal is the amount taken out of your fund which includes fees that you will not get to keep, the net withdrawal is the amount you receive after the bank's fees and any others are taken out.
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