Gross sales versus revenue
Gross Sales vs. Revenue | Chron.com
The Gross Sales Account (currently 400) will be changed to Revenue from Goods Sold and the definition will be adjusted to only include sales revenue from sale of goods, both physical and electronic goods.
Microsoft Fourth Quarter Earnings Conference Call
Maria Conchita Alonzo Corp. Income Statement For the Year Ended December 31, 2007 Sales Revenue Sales $1,380,000 Less: Sales returns and allowances $150,000 Sales discounts 45,000 195,000 Net sales revenue 1,185,000 Cost of goods sold 621,000 Gross profit on sales 564,000 Operating Expenses Selling expenses 194,000 Admin. and general expenses ...
[DOC File]WHAT IS MANAGEMENT - McGraw-Hill
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List revenue is set at an arbitrary level, but the discounts are hidden costs. Managing this expense can yield a bottom line impact greater than any other single line item. Other discounts (sales) and customer, market, and channel of distribution costs then are subtracted from gross …
[DOC File]www.public.asu.edu
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F 11. The sales budget reflects such expenses as advertising, selling, and other sales expenses. F 12. A sales budget is not usually needed to develop a cash budget. T 13. The percent-of-sales method assumes that all accounts on the balance sheet change in some fixed proportion to changes in sales…
[DOC File]HOTEL REVENUE ACCOUNTING & CONTROL
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3. REVENUE is the value of what is received for goods sold, services rendered, and other financial sources. a. There is a difference between revenue and sales. b. Most revenue comes from sales, but other sources of revenue include rents earned, interest earned, and so forth. c. GROSS SALES are the total of all sales the firm completed. d.
[DOC File]Chapter 7: Net Present Value and Capital Budgeting
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To do a revenue check, the rates for each service are multiplied by the respective billing determinants. The product should "equal" the cost-of-service (revenue requirement) established for the company. Note however, the revenues generated by the revenue check will …
[DOC File]CHAPTER 3
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Gross margin percentage increased driven by new Surface editions, offset by sales mix to lower margin businesses. Operating expenses grew 9 percent and 8 percent in constant currency, driven by seasonality changes in advertising spend versus the prior year and investments in …
[DOC File]ANSWERS TO QUESTIONS
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, the reduction in the sales of the company’s other products, referred to as . erosion, should be treated as an incremental cash flow. These lost sales are included because they are a cost (a revenue reduction) that the firm must bear if it chooses to produce the new product. Yes
[DOCX File]Issue - U.S. Department of Defense
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Subtracting cost of goods sold from revenue gives gross income, and dividing that figure by revenue gives gross margin. This number is close to most people's intuitive notion of profit margin. For example, if it costs you $8 to make a widget and you sell it for $10, your gross margin is $2 divided by $10, or 20%.
[DOC File]Different Types of Profit Margins
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Telephone sales. Telephone allowances (Contra revenue account) Other accounts for income earned by the hotel (ex: interest income, dividend income, rental income, concessions income, commissions income, vending machines income (less the cost of merchandise sold), salvage income, and foreign exchange income) ( Net revenue = gross revenue ...
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