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If a corporation sells certain capital equipment for more than their initial purchase price the difference between the sales price and the purchase price is called a?
A profit.
Why is the sales variance mutliplied by the budget price and not the actual price?
The sales variance is multiplied by the budget price rather than the actual price to provide a clearer assessment of performance against expectations. This approach isolates the impact of volume changes from price changes, allowing businesses to evaluate how well they adhered to their planned sales strategy. By using the budget price, it standardizes the variance analysis, enabling more accurate comparisons and insights into operational efficiency and market conditions.
What is the difference between 20 percent off full price merchandise and 50 percent off sales merchandise?
Generally speaking the full price is the MSRP which is the highest price possible. The sales merchandise would already be marked down from MSRP, so you are receiving an additional 50% off a price that has already been reduced from MSRP.
Is difference between whole price and discount be considered as a loss in accounting?
No. You incur a loss when you sell something for less than its book value. So, for example, if land is on your books for $1,000 and you sell it for $600, you would incur a net loss.A net loss is the difference between revenues and expenses, when the result comes out negative. If a company has $3,000 in revenues and $3,500 in expenses, it would incur a $500 net loss.In accounting, sales discounts are deducted from sales price to compute the net sales
Bring out the difference between trade discount and cash dicount?
Cash discount is the discount in amount in accounts payable while trade discount is on sales price discount which is not recorded in business books and transaction is recorded at discount price.
What does shrinkage means in retail?
Shrinkage is the difference between the stock on the inventory book and the actual physical stock. Shrinkage is also deifned as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock. Shrinkage % is calculated as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock by the retail sales of this volume
What variance is the difference between the actual sales and the flexible budget sales?
Actual sales (quantity ) = flexible budget sales (quantity ) , because the flexible budget is prepared based on the actual activity level (units sold ) to avoid misleading of compering the static budget sales and actual sales
How do you calculate actual sales?
Forumula for calculation of actual saees: Actual sales = (number of units sold * Sales price ) - sales returns and discounts
The difference between sales price per unit and variable cost per unit is the?
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
What is the difference between a sales volume variance and a sales price variance?
Volume is a change in how many products you sell Price is a change in how much you charge for the product
What does a sales volume variance measure?
A sales volume variance measures the difference between the actual quantity of units sold and the budgeted quantity of units sold, multiplied by the standard selling price. It indicates the impact of changes in sales volume on a company's revenue and is used to assess the effectiveness of sales strategies and forecasts.
Is it legal for at and t to charge sales tax on the full retail price of a cell phone if the phone is refurbished?
Depending on the state you purchase the phone in the sales tax will apply to the actual price paid (out of pocket) or the full undercounted retail value. By that I mean the difference between what the phone costs you and the advertised price of the phone ex-contract.
What is the reason for multiplying the sales quantity variance by the budgeted sales price even if the actual sales volume was sold at a different price?
for profit.........
What is the difference between sales price per unit and variable cost per unit?
contribution margin
What is the difference between sales price and variable costs?
Sales price is the price at which unit of product is sold while variable cost is that cost of unit which in manfuacturing process varies with change in level of production directly.
If a corporation sells certain capital equipment for more than their initial purchase price the difference between the sales price and the purchase price is called a?
A profit.
If you purchase a new vehicle and trade one in is the 6 Pennsylvania sales tax calculated on the full purchase price or with the trade in amount deducted?
Sales tax in Pennsylvania is calculated on the difference between the sales price of the car and the trade-in amount. This is usually called the "money difference"
