The total of a company's net sales is its gross sales less any returns, allowances, and discounts.
<h3>What is the formula for net sales?</h3>
- The total income that your company brings in before discounts, returns, and allowances is referred to as gross sales value.
- The following is the net sales formula.
Net sales = Gross sales – Returns – Allowances – Discounts.
- Sales made with a debit card, cash, credit card, or trade credit will all be counted toward the total sales.
- The total number of units sold is multiplied by the price per unit for the purpose of calculating gross sales.
- Example to illustrate net sales
The net sales will be computed with the formula net sales = gross sales – returns – allowances – discounts. The net sales would be $9000 - $1000 - $5000 = $3000.
Gross Sales = $9,000
Returns and Allowances = $1000
Discounts =$5000
Net Sales = $3000.
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Nate is a supply-side economist. as such, nate predicts that the deregulation of industries would result in decreased work effort by high income workers. A macroeconomic theory called supply-side economics holds that reducing taxes, reducing regulations, and promoting free trade are the best ways to promote economic growth.
Increasing supplies of products and services at reduced prices will benefit customers, and employment will rise, according to supply-side economist. expanding the number of free trade agreements to support commercial endeavors. lowering tax rates on major industries and people with a net worth of at least $10,000,000 by 15%. giving private enterprises access to public land.
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Answer:
D. Resource scarcity is low
Explanation:
When environmental changes and complexities are at low levels ( that is, like technological changes, law, politics, conpetition, trends etc.) and also resource scarcity is low (which means resources are in abundance or plentiful), managers becomes more confident that they can understand, predict, and react to the external forces affecting their businesses.
Low resource scarcity is makes managers very confident because they have available more resources to undergo their production processes.
True
<h3>
What do you mean by balance sheet?</h3>
The term "balance sheet" refers to a financial statement that details the assets, liabilities, and shareholder equity of a business at a specific point in time. Balance sheets serve as the basis for estimating a company's capital structure and computing investor return rates.
A financial statement called a balance sheet provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in combination with other important financial data when doing basic analysis or computing financial ratios.
MAIN LESSONS
A balance sheet, which is a financial statement, lists the assets, liabilities, and shareholder equity of an organization.
one of the three main financial accounts that are examined when evaluating a company
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Answer:
$500
Explanation:
Data given in the question
Tax basis = $400
Fair market value = $500
Under section 351, the fair market value = $350
Liability on the property transferred = $150
So, by considering the above information the amount realized in the exchange is
= Fair market value under section 351 + liability on the property transferred
= $350 + $150
= $500
