Explain percent of sales method.

Concept introduction Gross profit ratio: Gross profit ratio calculated by dividng the gross profit by sales.The formula to calculate the gross profit ratio is as follows: Gross profit = Gross profit/sales Gross profit is calculated using the following formula: Gross profit= Sales-Cost of Goods Sold To choose: The correct term for excess of sales over the cost of goods sold.

Define and describe the differences between a sales return and a sales allowance

What are the three approaches to calculating the sales required to achieve the target profit? Give the formula for each one.

The COGS is estimated by deducting the gross profit from sales revenue. Distinguish between gross profit as a percentage of cost and gross profit as a percentage of sales price and how do you convert the gross profit % based upon cost to gross profit % based upon selling price?

Explain the term sales value at splitoff method.

Which is the formula for Gross Margin ratio? Seleccione una: a. Cost of Sales / Gross Revenues b. Revenues / Gross Expenses c. Revenues - Expenses d. Gross Profit / Sales Revenues e. Net Margin + Expenses / Gross Revenues

Define Inventory Turnover?  Explain what the results mean and provide an example.

what is margin of safety as a percentage of sales

Compute a cost to retail percentage under the following conditions.                                                                                                 Cost to retail percentage Excluding both markups and markdowns                                                          % Excluding markups but including markdowns                                                     % Excluding markdowns but including markups                                                     % Including both markdowns and markups                                                              %