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When a small amount of invested monies control or can potentially destroy large amount of assets. It is considered notional net sales.
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∙ 9y ago
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What is Expected sales price less selling cost?
Its the net realizable value
What is the formula for net sales?
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
Is accounts receivables net sales?
No, it is not. Accounts receivable is the total balance owed to the company by its customers. Net sales is the total value of sales made to customers during a period of time, excluding any returns and discounts.
How do calculate net sales?
Net sales = Total sales - sales returns and discounts
What do you use to figure sales tax your gross sales or net sales?
Net Sales..
Gross sales price vs net sales price?
Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.
What is the Difference between notional amount and Market value?
Notional amount is the amount which is calculated on the underlying asset for ex: s&p index offering contract @ 250 units trading with price of 1000, than its actual notional value is 250*1000 = 250,000. which is notional amount
What is notional profit?
Notional Profit = Value of work certified-(cost of work to date-cost of work uncertified)
What is Expected sales price less selling cost?
Its the net realizable value
Is net sales and and net income the same thing?
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.
What is the formula for net sales?
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
Is accounts receivables net sales?
No, it is not. Accounts receivable is the total balance owed to the company by its customers. Net sales is the total value of sales made to customers during a period of time, excluding any returns and discounts.
How do calculate net sales?
Net sales = Total sales - sales returns and discounts
How is net sales calucultaed?
Net sales = Total sales - Sales returns and allowances
What do you use to figure sales tax your gross sales or net sales?
Net Sales..
How to compute net sales?
How to compute net sales?"
What is net cost?
sales sales revenue minus net sales revenue
