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You might have to ask again. I'm not sure what you need to know so I'll try to explain how it works. You buy an item with a credit card. The clerk swipes the card through a machine. The machine is like a computer. If you have credit available it approves the sale. The purchase is automatically charged to your credit account. If you had $500 worth of credit, you now have less credit available. It's all handled electronically. If you are purchasing an item that costs over $250 the clerk sometimes has to phone a number to get an authorization code. The company who accepts your credit card has to pay 5% of the amount (of your purchase) to the credit card company. If you have cash & a credit card - you can ask the company to give you a 5% discount for paying cash. Sometimes a company will do it.
What else can I help you with?
Define sales coordinator?
A sales coordinator is the person who designs and implements strategies to improve a companies total sales income and sales department. They have to be very creative and pay attention to detail.
Discuss the shortcomings of the percent of sales method of financial forecasting?
The percent of sales method of forecasting needs to based on a series of assumptions, and the forecasting would heavily relay on the percent of sales as the key tool for forecasting. Furthermore, the percentage of sales for the next period cannot prevent the forecasting result from the expectations of the investors.
What is sales meeting?
A sales meeting is a scheduled gathering where sales team members discuss strategies, review performance, share insights, and plan future sales activities. These meetings can include training sessions, updates on product offerings, and goal-setting to motivate and align the team. They serve as a platform for collaboration and problem-solving, ultimately aiming to enhance sales effectiveness and drive revenue growth.
What is the job description for sales executive in hotel?
What's the sales executive job descripation---------College graduates with one to three years of sales experience are preferred, preferably in hotel sales or other hospitality industries.Relationship-building savvy is an important key to the success of a hotel sales executive.This sales professional must be a strong "people person" with excellent communication skills; a positive, persuasive personality; and diligent attention to detail, while ensuring an exemplary experience for all customers.
What is the function of sales department in bank?
The sales department of the bank is responsible for improving the sales of the bank. They are responsible for reaching out to new/potential customers and canvassing them to open bank accounts or to apply for loans and other products like credit cards etc. If the sales department is not working efficiently, the bank may not be able to expand its customer base.
What is the importance of credit sales?
Credit Sales increases the amount of sales and sales volume.
Does cash sales and credit sales equal net sales?
yes they do but if the cash sales and credit sales ar the same number they equal subsales
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
Is sales a debt or credit?
A credit.
What is the difference between sales account and sales ledger?
sales account is the account which contain all the information about sales transaction. it is prepared from journal entries. it shows the balance of the sales account while it is debit or credit. account sales is a statement. it is send by the consignee to the consignor. it contains detail about total sale, price, expenses incurred and the commission earned.
Is sales a credit or debit?
Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.
What were Credit Agricole's sales in 1995?
Credit Agricole had 1995 sales of $32.34 billion
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
Is product sales normally debit or credit?
Sales revenue has a credit balance as a normal balance so product sales also has credit balance as normal balance.
Will a debit increase sales?
Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.
Is sales discount a debit or credit?
Credit
Is accounts receivable included in sales?
There are two kinds of sales, one is cash sales and other once is credit sales. Whenever sales are made on credit it will create accounts receivable which will be shown in balance sheet as current asset. So it means that accounts receivables are created due to credit sales so it is already included in sales So; Total Sales = Cash Sales + Credit Sales (Accounts Receivable)
