Net sales show the true revenue your business makes from selling products or services, after subtracting returns, allowances and discounts. To find net sales, begin with your total sales and deduct ...

In many cases, the difference between net sales and gross sales can be much more than an accounting detail. Let's take a look atApple and why net sales can be a relevant concept providing a lot of ...

Small and large businesses need to understand the relationship between cost, volume and profit to develop their pricing strategies. Setting prices too high might mean lost sales, while discounting ...

Your business's income statement is a long string of pluses and minuses. You start with your sales revenue, subtract costs of goods sold to get gross profit, then subtract expenses to get net profit.

Income statements detail revenue, expenses, and net income from top to bottom. Reading starts with revenue, deducts expenses, and ends with net income. Subtotal figures help identify missing account ...

Does this sound familiar? You need to make a major purchase, so you research products, decide on the best one, and wait for the best price. You go to buy it, and the final price is more than you ...