|Contingent deferred sales charge (CDSC)
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Definition of Contingent deferred sales charge (CDSC)
Contingent deferred sales charge (CDSC)
The formal name for the load of a back-end load fund.
Similar to equipment trust certificates except that the lender is either the
A claim that can be made only if one or more specified outcomes occur.
An arrangement in which the money manager pursues an active bond portfolio
Under ERISA, the firm is liable to the plan participants for up to 39% of the net
The average number of days' worth of sales that is held in inventory.
Average collection period.
A provision that prohibits the company from calling the bond before a certain date. During this
A common term for convertible bonds because of their equity component and the
The most distant months of a futures contract. A bond that sells at a discount and does not
A monthly fixed-dollar payment beginning at retirement age. It is nominal
A non-cash expense that provides a source of free cash flow. Amount allocated during the
Tax-advantaged life insurance product. deferred annuities offer deferral of taxes with the
A U.S. corporation that receives a tax incentive for
A measure of a firm's ability to meet its fixed-charge obligations: the ratio of
A special type of corporation created by the Tax Reform Act of 1984 that
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
Price/sales ratio (PS Ratio)
Determined by dividing current stock price by revenue per share (adjusted for stock splits).
The commission charged by a mutual fund when redeeming shares. For example, a 2%
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
A key input to a firm's financial planning process. External sales forecasts are based on
An arrangement whereby a firm leases its own equipment, such as IBM leasing its own
Single-premium deferred annuity
An insurance policy bought by the sponsor of a pension plan for a single
Tax-deferred retirement plans
Employer-sponsored and other plans that allow contributions and earnings to
NET SALES (revenue)
The amount sold after customersâ€™ returns, sales discounts, and other allowances are taken away from
NUMBER OF DAYS SALES IN RECEIVABLES
(also called average collection period). The number of days of net sales that are tied up in credit sales (accounts receivable) that havenâ€™t been collected yet.
RATIO OF NET INCOME TO NET SALES
A ratio that shows how much net income (profit) a company made on each dollar of net sales. Hereâ€™s the formula:
RATIO OF NET SALES TO NET INCOME
A ratio that shows how much a company had to collect in net sales to make a dollar of profit. Figure it this way:
Cost of sales
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
The mix of product/services offered by the business, each of which may be aimed at different customers, with each product/service having different prices and costs.
Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term revenue.
A contra account that offsets revenue. It represents the amount of the discounts for early payment allowed on sales.
A journal used to record the transactions that result in a credit to sales.
A contra account that offsets revenue. It represents the amount of sales made that were later returned.
return on sales
This ratio equals net income divided by sales revenue.
Fixed Charge Coverage Ratio
A measure of how well a company is able to meet its fixed
a system using transfer prices; see transfer
compensation that is dependent on the
pay related to current performance
the relative combination of quantities of sales of the various products that make up the total sales of a company
sales value at split-off allocation
a method of assigning joint cost to joint products that uses the relative sales values of the products at the split-off point as the proration basis; use of this method requires that all joint products
current compensation that is taxed at a future date
The total sales recorded prior to sales discounts and returns.
Total revenue, less the cost of sales returns, allowances, and discounts.
A reduction in a price that is allowed by the seller, due to a problem
A reduction in the price of a product or service that is offered by the
Sales value at split-off
A cost allocation methodology that allocates joint costs to joint
percentage of sales models
Planning model in which sales forecasts are the driving variables and most other variables are
A tax levied as a percentage of retail sales.
An obligation that is dependent on the occurrence or nonoccurrence of
Deferred Income Tax Expense
That portion of the total income tax provision that is the result
Deferred Tax Asset
Future tax benefit that results from (1) the origination of a temporary difference
Deferred Tax Liability
Future tax obligation that results from the origination of a temporary
EBDDT - Earnings before depreciation and deferred taxes
This measure is used principally by
A special, nonrecurring charge taken in conjunction with a consolidation
Costs associated with restructuring activities, including the consolidation and/or relocation of operations or the disposition or abandonment of operations or productive assets.
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
Lease accounting used by a manufacturer who is also a lessor. Up-front gross
Nonrecurring losses or expenses resulting from transactions or events which,
This is the person designated to receive the death benefit of a life insurance policy if the primary beneficiary dies before the life insured. This is a consideration when husband and wife make each other the beneficiary of their coverage. Should they both die in the same car accident or plane crash, the death benefits would go to each others estate and creditor claims could be made against them. Particularly if minor children could be survivors, then a trustee contingent beneficiary should be named.
This is the person designated to become the new owner of a life insurance policy if the original owner dies before the life insured.
An annuity providing for income payments to commence at a specified future time.
charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Expense charges applied when the owner of a policy surrenders a policy for its cash value.
Brokerage house clerical operations that support, but do not include, the trading of stocks and
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