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When a sale of merchandise is made for credit what three accounts are increased?
Accounts Recievable, Cost of Goods Sold, and Sales Revenue.
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 the difference between direct cost of sales and total cost of sales?
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
If sales has increased from 37000 to 67000 then by how much percentage it has increased by?
Sales have increased by 81%.
When a sale of merchandise is made for credit what three accounts are increased?
Accounts Recievable, Cost of Goods Sold, and Sales Revenue.
Is cost of sales or turnover the same as net sales?
Cost of sales is the expenses to earn sales so cost of sales and net sales are not same, formula for gross profit is as follows: Gross profit = Sales - Cost of sales
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 independent dependent clause in this sentence 'our sales increased when we lowered our prices'?
Independent- Our sales increased. Dependent- when we lowered our prices
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.
How do you know percentage of food cost against sales?
If you know the food cost against sales, it is 100*(food cost)/sales. If you do not know food cost or sales, you cannot know the answer.
What is the difference between direct cost of sales and total cost of sales?
total cost of sales may include indirect cost as well while direct cost of sales only included direct costs.
What increased in the 1920's when alcohol became illegal?
Sales of alcohol increased.
What is the independent and dependent clause in this sentence Our sales increased when we lowered our prices.?
The independent clause is lowered our prices. The dependent clause is sales increased.
Why coke sales increase?
Coke increased their sales because they were able to motivate consumers to purchase their products. They may have increased their marketing budget.
