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What is sales minus sales returns allowances and sales dicount called?
net sales
How do you calculate sales growth rate?
((current month's sales - last month's sales)/last month's sales)x100
The Sales Returns and Allowances account is classified as a?
Sales Returns and Allowances are contra revenue accounts because they reduce that total amount of sales. [Sales-Sales returns and allowances=Net sales]. They are reported on the income statement.
Gross sales price vs net sales price?
Gross sales is the total value of sales before any deductions. Net sales is what is left of the gross sales after deductions and expenses, including discounts, returns and allowances.
How to calculate percentage achievement in sales?
Divide the total sales by the total sales forecast
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