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Q: please define a "net sales"

Category: glossary , Asked by: X. E. From Dublin, Ireland

A: The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions. Deductions from the gross sales are represented in the net sales figure. Therefore, net sales gives a more accurate picture of the actual sales generated by the company, or the money that it expects to receive. A company will book its revenue once the good or service is delivered or performed for the customer. However, in the case of returns, even after a good has been sold it can often be returned under a company's return policy. If the good is returned by the customer, it is not considered a sale, as the customer will receive a credit or money back, so it needs to be deducted from the gross sales. The allowances for damaged or missing goods reflect the situations in which the goods are damaged in transit or are not what the customer expected. Many companies also offer discounts, especially on credit sales where the customer pays off the amount early. This discount is deducted from gross sales, reducing overall revenue. Visit FX club

  1. Q: please tell me what the "interpolation" is

    Category: glossary , Asked by: Treyvon K. From Ireland

    A: "interpolation " is The process of determining a figure or rate that lies between other known data.

  2. Q: please define "windfall tax"

    Category: glossary , Asked by: W. R. From Gatineau, Canada

    A: a "windfall tax " is A tax levied by governments against certain industries when economic conditions allow those industries to experience above-average profits. Windfall taxes are primarily levied on the companies in the targeted industry that have benefited the most from the economic windfall, most often commodity-based businesses. As with all tax initiatives instituted by governments, there is always a divide between those who are for and those who are against the tax. The benefits of a windfall tax include proceeds being directly used by governments to bolster funding for social programs. However, those against windfall taxes claim that they reduce companies' initiatives to seek out profits. They also believe that profits should be reinvested to promote innovation that will in turn benefit society as a whole. Windfall taxes will always be a contentious issue debated between the shareholders of profitable companies and the rest of society. This issue came to a head in 2005, when oil and gas companies, such as Exxon Mobil who reported profits of US$36 billion for the year, experienced unusually large profits due to rising energy prices.

  3. Q: Which foreign exchange platform has most secure server connection, in your opinion?

    Category: technical , Asked by: Anabelle U. From United States

    A: We think the best place for your purpose is "Easy Forex". Players are always excited with the connection to the system, you will not come upon the ordinary login difficulties you always see with other servers. The connection to the server is completely intact. And it's no trouble to deal with the forex platform.

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