The percentage of increase or decrease in net sales revenue a decrease is 15.45%
Sales in 2024 = $110000
Sales in 2025 = $93000
Decrease in sales between two periods = ($110000 - $93000) = $17000
Percentage of decrease in sales = [($17000 / $110000 Base year) X 100]
=> 15.45% decrease in net sales revenue from 2024 to 2025
Net sales are gross sales generated by the business, excluding returns, rebates, and rebates. This number is used by analysts when making business decisions or analyzing a company's revenue growth.
Total sales are not adjusted for returns, rebates, and rebates. The earnings reported on the top line of a company's income statement are net earnings. Net sales are also known as net sales, net sales, or sales.
Revenue is the total amount of revenue from sales for a specific period. Quarters. Sales may be reported as net sales as they may include discounts and deductions from returned or damaged merchandise.
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The two functions of financial accounting are to measure business activities and prepare tax returns. FALSE
<h3>
What is a Tax return?</h3>
- A tax return is a document submitted to a taxing body that lists earnings, outlays, and other pertinent financial data.
- Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
- Tax returns must typically be filed yearly.
- In the United States, tax returns including data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance).
- The IRS or another applicable authority's forms are often used to complete tax returns.
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The notion that developing countries can catch up or converge with developed countries is one of the key insights of a branch of economics called <u>development</u> economics.
Economics is the observation of scarcity and its implications for the use of assets, manufacturing of products and services, growth of manufacturing and welfare over time, and an outstanding form of other complicated issues of crucial problems to society.
Economics is the social science that researches the manufacturing, distribution, and intake of products and services. Economics specializes in the behavior and interactions of financial agents and how economies work.
Economics, at its very heart, is the study of people. It seeks to give an explanation for what drives human behavior, decisions, and reactions when confronted with difficulties or successes. Economics is an area that combines politics, sociology, psychology, and records.
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Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
Answer:
$27.33
Explanation:
For computing the one share of the common stock after six years from now first, we have to determine the price of the common stock which is shown below
Price of the common stock = Next year dividend ÷ (Required rate of return - growth rate)
= $2.05 ÷ (11.2% - 2.50%)
= $23.56
The growth rate is
= ($2.05 - $2) ÷ ($2)
= 2.50%
Now the one share of the common stock after six years is
= $2 × 1.025^7 ÷ (11.2% - 2.50%)
= 2.3773715073 ÷ 8.7%
= $27.33
