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What else can I help you with?
What constitutes cost of sales?
cost of sales i.e. cost of goods sold include opening stock, purchases, operating expenses and then deduct the closing stock.
Can you go to jail for not paying at a restaurant?
No, you cannot go to jail for not paying at a restaurant. However, not paying for your meal is considered theft and the restaurant may take legal action against you to recover the cost.
What percentage to sales should utilites cost for a restaurant in the northeast?
10 percen
Do you collect sales tax as a photographer in Indiana?
If you want. It's up to you. I don't cost nothing to snap a pic. But if you want to deduct the cost of all those fancy cameras as a business expense, you should think about charging sales tax.
What are the tax implications of paying cash for a car according to the IRS?
When you pay cash for a car, you may not be able to deduct the cost from your taxes unless you use the car for business purposes. If you do use it for business, you may be able to deduct a portion of the cost through depreciation or other tax deductions.
What if the sale price of the jeans is 26.25 what will Joan's total cost be after paying an 8 sales tax?
28.35
What is the average restaurant labor cost percentage according to the NRA?
According to the National Restaurant Association (NRA), the average restaurant labor cost percentage typically ranges from 25% to 35% of total sales. However, this can vary depending on factors such as the type of restaurant, location, and operational efficiency.
If the sale price of the jeans is 26.25 what will Joan's total cost be after paying an 8 percent sales tax?
28.35 (A+)
The restaurant you manage has weekly sales of 30.000 an you labor cost were 20 for the week how much money did you spend for week on labor?
6,000.00
Can you deduct points on a refinance?
No, you cannot deduct points on a refinance as they are considered a cost of obtaining a mortgage and are not tax-deductible.
What is the average direct operating cost of a restaurant?
Direct Operating cost can be anywhere from 3 to 6% of sales. however, the right way is to determine it as a cost per customer. This would vary for every operation.
Is cost of sales or turnover the same as net sales?
Cost of sales is the expenses to earn sales so cost of sales and net sales are not same, formula for gross profit is as follows: Gross profit = Sales - Cost of sales
