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What is the amount of an item in order for a store to make a profit?
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What sales tax do you pay for discounted items?
You pay sales tax on the actual amount you pay for the item, not some infalted price the store says they are discounting from.
Which item appears in both the balance sheet and the profit and loss account?
Closing Stock
How is discount allowed treated in the trading and profit andloss account?
Discounts are allowed in the trading and loss accounts, because the products are not in brand new condition. This allows an amount of money to be taken off so that the item is discounted.
What is mean by revenue in accounting?
revenue mean the grows of stock when you sale out the item or is the profit of income
Is it more profitable for a retailer to pay your sales tax than give you a discount up front?
It will depend on the amount of sales tax in their jurisdiction and the amount of the discount. If the tax and the discount are the same, it is more beneficial to the purchaser to get the discount. To the Seller, it makes almost no difference! At 6% tax rate: On a $100 item -> You pay $100 and store pays $6 tax. Store gets to keep $94. On a $94 item ($100 with 6% discount)-> You pay $94 and you pay $5.64 tax (total $99.64). Store still gets to keep $94. There is a slight advantage to the store in that in most jurisdiction there is a tax free amount each month, to cover the cost of the bookkeeping and reporting of taxes, but in a big volume store, that will be a very small percentage of the total amount.
What is low profit margin?
A profit margin is the amount you make on an item verses that cost of the initial purchase i.e. Bought a widget at 100 sold at 200 profit 100 Low profit margin is when a very low amount is made on the item.
The amount the price of an item is increased above the price the store paid for the item?
Mark up
Is tax is added in accounting profit or not?
1. Tax is a deductable item from accounting profit as tax is calculated on profit before tax amount to reach at profit after tax account which is also the net profit available for distribution to share holders of company.
What is profit divided by sales?
Profit divided by sales is profit per item.
When taking a cash discount then return the item how much do you get back?
You can only be refunded the amount that you paid, you don't get to make a profit on the transaction.
Minimum order quantity?
Sometimes a company may have a minimum order quantity on an item. This means that they will only sell you that item if you buy a certain amount.
Why did they take of the item storage in Pokemon pearl?
It isn't necessary The amount of items you can hold is increased (more than gold and silver), and if you really need to store a item, you can give it to a Pokemon and store that.
Can you pre-order items at a GAME store?
It depends what item it is but normally yes.
If you buy an item on a credit card pay off balance on credit card then take item back to store what happens?
It depends on the store's return policy,but in most cases your credit card gets credited with the amount of the returned item.
How do you get a refund for the item that you purchased?
Return it with a receipt If it has a warrentee or your somewhere like wallmart you go to the help dest and they will refund it for the amount payed, store credit or a trade-in for the item
What exactly is a trade discount?
When a product or item is sold to a reseller the trade discount is the amount or rate by which the retail price is reduced.It reflects the resellers profit margin.
An item that cost 90 is sold for 120 The gross profit ratio for this item is?
25%
