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What is the term describe the excess of sales over costs of sales which is expressed as a percentage of net sales?
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∙ 10y ago
sales over costs of sales which is expressed as a percentage of net sales, is referred to as...
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∙ 10y ago
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Which basic production planning strategy will build inventory and avoid the costs of excess capacity?
Which basic production strategy will build inventory and avoid the costs of excess capacity
Is billings in excess of cost reported in current asset side is your inventory?
No, billings in excess of costs are a current liability.
Briefly explain what is classification of cost?
Classification of cost is where expenses are divided into categories that include variable costs, fixed costs, material costs. These costs relate to business activities.
If non-traceable costs are not allocated to the various operating units within an organization who ends up paying these costs?
The organization would end up incurring the costs unless that organization has an allocated percentage within their contribution margin to cover such costs.
What are the various terms used to describe costs?
Fees Charges Expenditures. Try http://thesaurus.reference.com/
What is margin of profit?
Gross profit or gross margin is equal to:Sales less: Costs of Goods SoldIt can be expressed as a numerical value or as a percentage of sales [(Sales-COS)/Sales].
Which basic production planning strategy will build inventory and avoid the costs of excess capacity?
Which basic production strategy will build inventory and avoid the costs of excess capacity
Is billings in excess of cost reported in current asset side is your inventory?
No, billings in excess of costs are a current liability.
List and describe 6 costs of inflation?
6 costs of inflation
What is Billings in excess of costs?
I am not an accountant; but I work with Billings in excess of costs. Billings in excess of cost is a product of estimating allocated cost and direct cost of a construction contract. This is used in Percentage of Completion basis of financial statement preperation. Billings in excess is liability; Cost in excess of Billings is an asset. An example: Total Contract: $1,000,000. Estimated Cost is $900,000; Estimated Profit is $100,000. You start working the job, at year end you have the following Contract $1,000,000; Total Estimated cost: $900,000; Actual Cost to Date: $450,000; Billings to Date are $600,000; so: 450/900=50% X $1,000,000= $500,000 Earned to date; $500,000 Earned to date - $600,000 Billings to date = $100,000 Billings in Excess of Cost. If you only had $400,000 in Billings to date it would be: $500,000 - $400,000= $100,000 Cost is excess of Billling . Actual Cost to Date / Estimated Cost X Contract Amount = Earned to Date - Billed to Date = (if negative number = Billings in Excess of Costs) (if positive number = Cost in Excess of Billings) Billings in Excess of Costs is a balance sheet liability Cost in Excess of Billings is a balance sheet asset
What is the percentage of seller closing costs on commercial property?
The percentage is negotiable.
Are refinancing proceeds in excess of costs taxable?
Never subject to income tax
What is USD shipping?
Usually it refers to shipping costs expressed in US Dollars.
What is the potential costs of scarcity and choice?
Describe the potential costs of both scarcity and choice.
How much keg costs?
The deposit on a keg can be in excess of $60 , and a deposit on the tap, and then the beer is extra. The whole initial outlay can be in excess of $135 .
Calculate costs as a percentage of revenue?
15%
What are the advantages of excess of loss reinsurance?
- Simplified accounting procedures - Low administrative costs
