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What is the formula for profit percentage?
Profits, as a percentage of total sales is 100*profits/value of sales.profit/cost price x 100
What are the pros and cons of using the percentage of sales method to create pro forma financial statements?
It forecasts sales and then expresses the various income statement items as percentage of projected sales. It assumes that the firm's cost and expenses are variable. This approach implies that the firm will not receive the benefit that result from fixed costs, when sales are increasing. There for profits can be understated with sales is increasing, but overstates profits when sales are decreasing. Depending on which way you look at it, tax break, or making the company look profitable this can be
What is a sales account?
A sales account is the account that actually records a company's profits. The account is normally taken after all employees are paid and all company expenses are doled out.
What Four common sources of internal data supplied to internal databases include the accounting department operations the sales force and the?
operations
Should a non profit charge sales tax on items it sells as a fund raise?
Remeber that sales tax is a state by state tax so rules vary. Most states will require the same sales tax charged by nonprofits that is charged by for profits. Otherwise, the competition is not fair.
How do non profit organisations generate profit?
It's not they they are intended to not generate profits. It's that they don't generally pay taxes on their profits. Non profits generate income through a variety of sources including contributions, grants and program fees.
An increase in sales and profits generates the necessary cash required for economic growth?
An increase in sales and profits does not necessarily mean an economy will grow. The economy will only grow if the sales and profits are substantial in size.
How can the relationship between sales and profits be written?
The relationship between sales and profits can be expressed through the profit margin formula, which is (Profit / Sales) x 100. This formula shows what percentage of sales results in profit. A higher profit margin indicates that a company is more efficient at converting sales into profit.
What is the potential relationship between gross sales and profits?
The potential relationship between gross sales and profits are that if the gross sale decreases that also affects the profits by decreasing them because the gross sales are the total amount of the sale before any discounts or allowances are made on the sale. If the gross sales increase then the amount of profit also increases because the more the company sells the more the company has the potential to make more profits.
Who profits from the sales of Mother's Day merchandise?
All the sellers
What incentive do manufacturers have to sell products?
Making profits on sales
How do mutual funds generate profits?
Mutual funds generate profits through a combination of fees charged to investors and the performance of the investments held within the fund. Fees are collected for managing the fund, and profits are made when the value of the investments within the fund increase over time.
Which colony made huge profits as as a result of tobacco sales to Europe?
The Virginia colony made huge profits as a result of tobacco sales to Europe.
Why is sales promotion important?
Sales promotion important as it creates awareness for a product or service. This will usually result into higher sales and profits for the company.
What incentive motivates a manufacturer to sell a product?
making profits on sales
What does Forty percent McDonald's profits come from the sales of?
parking lol
The share of profits or percentage of sales a franchisee pays to a franchisor?
Royalty
