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If sales has increased from 37000 to 67000 then by how much percentage it has increased by?
Sales have increased by 81%.
How do you Calculate the percentage of increase in Sales from last year?
Percentincrease = (Salesthis year - Saleslast year) / Saleslast year * 100
What ratio indicated the percentage of each sales dollar that is available to cover fixed costs and to provide profit?
Contribution margin ratio
How do you find percentage of a price?
The price of an object is 100%. If you have to add sales tax for instance you need to divide the price by 100 and multiply by the rate of sales tax. This is then added to the original price to give the total selling price.
Randy works for Balding Tires He receives a 0.4 commission on his sales Last month his sales totaled 12000 Calculate the amount of his commission?
The first step is to convert the decimal to a percentage by multiplying 0.4 times 100. This gives you a percentage of 40 percent. The next step is to multiply 12000 times 40 percent, which is 4800. The total commission on 12000 dollars in sale would be 4800 dollars.
Budgeting for marketing expenses by computing a percentage of forecasted sales?
May lead to a drop in marketing expenses when the firm wants to maintain or expand sales
A company that has a profit can increase its return on investment by?
Increasing sales revenue and operating expenses by the same percentage.
The margin of safety is equal to?
a. sales-net operation incomeb. sales-(variable expenses/contribution margin)c. sales-(fixed expenses/contribution margin ratio)d. sales-(variable expenses + fixed expenses)
What expenses are included in selling and distribution expenses?
sales commission
What is the difference between gross margin and net profit?
Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Revenue - Cost of Sales Net Profit = Revenue - Expenses Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales. The Net Profit, on the other hand, is Revenue minus ALL Expenses (including cost of sales).
Formula for calculating net profit?
Sales Less: Cost of sales Gross Profit Less: Admin Expenses Selling Expenses Other Expenses Net Profit
Does Sales promotion expenses come in income statement?
All expenses comes in income statements same as sales promotion expenses are also shown in income statement.
What is the formula for calculating the net income component percentage?
Net income is the income of a business after deducting taxes and other current liabilities. It is sales - Expenses.
What will be your net profit of for example you have sales of 42980 and cost of sales of 14620 and expenses of 15390?
Sales = 42980 Cost of sales = 14620 Gross profit = 28360 Expenses = 15390 Net profit = 12970
What figure do you take for gross sales?
Gross sales is the amount of money received for all sales before expenses have been deducted. After the gross sales have been calculated, you may then deduct the expenses, leaving the net sales amount.
Why does the direct write-off method of accounting for bad debts usually fail to match revenues and expenses?
Direct write-off normally does not match because the revenue from the sales was reported in an earlier period. It affects the revenues and expenses in the period it is written off in. If a company has many credit sales then it would be better to instead estimate an allowance for uncollectible credit accounts. That way the revenues and expenses are affected in each period and the sales numbers will represent the business' sales more accurately; provided the percentage is watched and adjusted as needed.
If the firm's sales revenue income exceeds its expenses the firm has earned a profit?
If a firm's sales revenue exceeds its expenses, the firm has earned a profit.
