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What is the difference between cost of sales and cost of goods sold?
There is no difference between the cost of goods sold and cost of sales. Both are same.What if Cost of Sales relates to a service rather than a "good"? Does that not signify a difference? For example a cost of sales for a service would contain no starting and finishing inventory component as is described in some texts as a way of calculating cost of goods sold.
How does gross profit margin increase?
Increase in the price at which you SELL the good if the cost price at which you BOUGHT/PRODUCED the good remains the same or Decreased Cost Price with a Stable Selling Price. Basically anything that would result in the difference between the Selling Price and Cost Price increasing favourably.
Which inventory costing method assigns the most recent costs to the cost of good sold?
LIFO (Last in First Out) method is the method which charge the most recent prices to cost of goods manufactured and sold statement.
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
Why is it not a good idea to rely on your income statement to run your business?
The income statement deducts noncash expenses, such as depreciation, even when no cash is actually flowing out of the business.
What is a Thesis statement on mlb vs NBA?
what is a good thesis statement on the NBA
Is the difference between the price of a good and the cost to make the good on a per product basis and it is usually expressed as a percentage?
_____ is the difference between the price of a good and the cost to make the good, on a per product basis; and, it is usually expressed as a percentage.
What is the difference between cost of sales and cost of goods sold?
There is no difference between the cost of goods sold and cost of sales. Both are same.What if Cost of Sales relates to a service rather than a "good"? Does that not signify a difference? For example a cost of sales for a service would contain no starting and finishing inventory component as is described in some texts as a way of calculating cost of goods sold.
What is the difference between economic and free goods?
The difference between free and economic goods is the fact that, free goods don't cost us anything to be able to have and economic goods cost us to be able to get that service or good.
What is the difference between good in and good at?
There is no difference between the phrases, "good in" or "good at". If a person is good in Mathematics, they are also good at Mathematics.
What are difference between democratic governance and good governance?
difference between good governac and democracy
What is the difference between a quality and a value?
Quality is how good and strong, and sturty and worthwhile it is, while Value is the performance of the product relative to its cost.
What is PC World's mission statement?
to sell PC at a very good cost
Define value added?
Added value is the difference between the selling price of a good or service and the cost of brought in materials or the value of inputs
What is the difference between being good and doing good?
you are and you do
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the difference between the upgrade and custom installation?
difference between the upgrade
