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When a firm's expenses are greater than its sales revenue the firm has a?
When a firm spends more than it gains in revenue it is called a LOSS.
How do you find out the full price of an item?
Ask the sales person!Ask the sales person!Ask the sales person!Ask the sales person!
What is a Sales slip that is marked paid?
a sales silp that is marked paid a sales silp that is marked paid a sales silp that is marked paid
How do you calculate the sales mix percentage?
The sales mix percentage is calculated by dividing the sales for each product in the mix by the total sales for all products. Further calculations can be figured out from the sales mix percentage.
Dawn Lingua bought three yards of cloth to make some curtains The cloth was on sale for 2.25 per yard How much did Dawn pay for the cloth if the sales tax was 5?
2.25 x 3 = 6.75 (before tax) 6.75 x .05 = 0.34 (sales tax rounded to nearest cent actual value is 0.3375) 6.75 + 0.34 = 7.09 (total including tax)
When is the forecasted growth rate in residual operating income the same as the forecasted growth rate in sales?
When ATO remains constant.
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
If the margin of safety for Porter Company was 20 percent fixed costs were 600000 and variable costs were 70 percent of sales what was the amount of actual sales?
Break even sales - Fixed cost / contribution margin ratio Break even sales = 600000 / 0.3 = 2000000 Margin of safety = actual sales - breakeven sales Break even sales + margin of safety = Actual sales 2000000 + 0.2(actual sales) = Actual sales if actual sales = 1 then 2000000 + 0.2 = 1 2000000 = 0.8 actual sales actual sales = 2000000 / 0.8 actual sales = 2500000
How do you calculate actual sales?
Forumula for calculation of actual saees: Actual sales = (number of units sold * Sales price ) - sales returns and discounts
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
Which are greater wholesale sales or retail sales?
Retail sales.
What is sales output?
ratio of calls to actual sales
How do you calculate the percentage of sales goal versus actual revenue?
(Actual Sales-Plan)/Plan % Result
How do you find the difference between sales price and actual price?
Subtract the sales price from the actual price!
What is the difference between sales budget and sales forecast?
Sales budget is an estimation of sales set by the organisation ( the decision makers - Sales heads like the Director, VP, GM or NSM), based on certain criteria including the market potential, mapping, requirements and the customer feedback. The sales budget is based on the assumed and assigned No. of units to be sold multiplied by the selling price per unit, the selling price is often arrived at, after considering various factors involved in the sale process. Where as, forecasted sales is a scenario where there is a definite requirement and also there is every likely hood of getting the order to the company or person that has forecasted the sale."Excerpts from the lecture delivered by Alok Sinha, a famous Sales guru" at a management institute.
When Net Sales is bigger than Actual Sales?
What is accured Revenue
What is the formula for net sales?
Formula for net sales is as follows: Net sales = Actual sales - sales returns and discount allowed
