Difference between revisions of "Calculate Net Sales"
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| − | + | Your company’s sales represent amounts you are paid for selling a product or service. However, you may not receive full payment from the invoices you send to customers. Your total sales (gross sales) may be reduced by sales returns, allowances and discounts. You make these adjustments to calculate net sales. Businesses do not immediately receive all of their sales in cash. | |
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== Steps == | == Steps == | ||
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#Analyze the income statement to make business decisions. You can compare the results in income statement to the amounts you budgeted for the period. This analysis can help you make informed business decisions to improve your company. If net sales were lower than budgeted, you may consider lowering your sales price to attract more customers. | #Analyze the income statement to make business decisions. You can compare the results in income statement to the amounts you budgeted for the period. This analysis can help you make informed business decisions to improve your company. If net sales were lower than budgeted, you may consider lowering your sales price to attract more customers. | ||
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== Sources and Citations == | == Sources and Citations == | ||
