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If the margin of safety for Porter Company was 20 percent fixed costs were 600000 and variable costs were 70 percent of sales what was the amount of actual sales?
Break even sales - Fixed cost / contribution margin ratio Break even sales = 600000 / 0.3 = 2000000 Margin of safety = actual sales - breakeven sales Break even sales + margin of safety = Actual sales 2000000 + 0.2(actual sales) = Actual sales if actual sales = 1 then 2000000 + 0.2 = 1 2000000 = 0.8 actual sales actual sales = 2000000 / 0.8 actual sales = 2500000
What is net cost?
sales sales revenue minus net sales revenue
What does someone have if they create a monopoly of a market for a particular product have?
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
How managerial economist help for sales forecasting?
sales forecast
After the 15 sales tax the jeans were 11.50 how much was the jeans before the sales price?
If the jeans cost $11.50 after the 15% sales tax, the cost of the jeans without sales tax is $10.00.
What is Sales planning and control?
it involves prospecting , communicating and targeting our sales !
What are the types of Control Account?
sales control account purchases control account
Why are cash sales not recorded in the sales ledger control account?
a ledger account if made for credit sales.
What are the different type of control account?
sales control account purchases control account
There are two types of control account what are they?
sales ledger control account and purnchase ledger control account
What does a sales atuomation software do?
Sales automation software is a program that automates business tasks such as sales processing, inventory control, and tracking of customer interactions and sales forecasts.
How does Romney feel about gun control?
i am ok with guns i am trying just to control the sales
Is it sales ledger control account and debtors control account are same?
Yes, the sales ledger control account and the debtors control account are essentially the same. Both terms refer to an account that summarizes all transactions related to credit sales and outstanding amounts owed by customers. This account serves to reconcile the total receivables recorded in the sales ledger with the general ledger, ensuring accuracy in financial reporting.
What is sales force automation sfa used for?
Sales force automation (SFA) is software that takes over the repetitive, manual parts of a salesperson’s job, so they can spend their time actually selling. Sales reps often lose hours each day to data entry, updating spreadsheets, chasing reports and remembering follow-ups. SFA handles that work automatically. What it is used for Recording sales activity. Visits, orders, payments and customer conversations are logged as they happen, often from a mobile phone, even in areas with weak network. Nobody has to re-enter them at the end of the day. Taking orders accurately. Reps can see the product list, prices and offers in one place and book orders quickly. This cuts down on mistakes and delays. Planning visits and routes. SFA helps decide which shops or customers to visit, and in what order. It can also confirm that a visit actually took place, for example through location check-ins. Following up on leads and opportunities. Leads are captured and assigned to the right person, and reminders prompt follow-ups, so fewer opportunities are forgotten. Tracking performance. Managers see live dashboards of sales, coverage and team activity. They can then make decisions from facts instead of waiting for end-of-day or end-of-week reports. Forecasting sales. Real-time data and AI-based predictions help managers plan demand and revenue more accurately, instead of relying on guesswork. Connecting with other systems. SFA usually links with CRM, ERP and distribution systems, so stock, orders and customer data stay consistent everywhere. Why businesses use it The main goal is to give salespeople more time to meet customers, build relationships and close deals. A business also gets cleaner data, quicker responses to problems (such as a product not selling or a deal stalling) and a process that stays organised as the team grows. SFA vs. CRM The two are often confused. CRM stores customer information and relationship history. SFA is about action: it runs the daily sales tasks such as visits, orders and follow-ups. CRM tells you who the customer is, and SFA helps the team act on it. The role of AI Newer SFA tools use AI to suggest which customers to prioritise, which products to push, and which accounts are at risk of going quiet. Some can also draft visit summaries or prepare order suggestions ahead of a visit.
What is sales ledger control account?
Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance
Why is provisions for doubtful debt excluded from the sales control account?
Provisions for doubtful debts are excluded from the sales control account because they represent an estimate of potential future losses rather than actual sales transactions. The sales control account is designed to track actual sales revenue and receivables, while provisions for doubtful debts reflect a conservative approach to accounting, ensuring that the financial statements accurately represent expected cash flows. Including them would distort the true sales figures and misrepresent the company's financial health.
What services does Beauti Control provide?
Beauti Control is an international direct sales skin care and cosmetics company. They offer a full range of skin care products such as lotions via a direct sales force.
