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Definition of Sales charge
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
The formal name for the load of a back-end load fund.
The percent of a mutual fund's assets used to defray marketing and distribution expenses. The
Brokerage house clerical operations that support, but do not include, the trading of stocks and
Indicated yield represents return on a share of a mutual fund held over the past 12
A mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of
Mutual funds are pools of money that are managed by an investment company. They offer
An open-end investment company, shares of which are sold without a sales charge.
a system using transfer prices; see transfer
Similar to equipment trust certificates except that the lender is either the
The manufacture or purchase price of goods sold in a period or the cost of providing a service.
The average number of days' worth of sales that is held in inventory.
Average collection period.
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 measure of how well a company is able to meet its fixed
charge or assignment on a company's total assets as security for a loan on total assets without specifying specific assets.
Foreign Sales Corporation (FSC)
A special type of corporation created by the Tax Reform Act of 1984 that
The total sales recorded prior to sales discounts and returns.
Total revenue, less the cost of sales returns, allowances, and discounts.
NET SALES (revenue)
The amount sold after customers’ returns, sales discounts, and other allowances are taken away from
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
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 haven’t been collected yet.
percentage of sales models
Planning model in which sales forecasts are the driving variables and most other variables are
Price/sales ratio (PS Ratio)
Determined by dividing current stock price by revenue per share (adjusted for stock splits).
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. Here’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:
The commission charged by a mutual fund when redeeming shares. For example, a 2%
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.
return on sales
This ratio equals net income divided by sales revenue.
Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term revenue.
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
A contra account that offsets revenue. It represents the amount of the discounts for early payment allowed on sales.
A key input to a firm's financial planning process. External sales forecasts are based on
A journal used to record the transactions that result in a credit to sales.
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.
the relative combination of quantities of sales of the various products that make up the total sales of a company
A contra account that offsets revenue. It represents the amount of sales made that were later returned.
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
A tax levied as a percentage of retail sales.
An arrangement whereby a firm leases its own equipment, such as IBM leasing its own
Lease accounting used by a manufacturer who is also a lessor. Up-front gross
Sales value at split-off
A cost allocation methodology that allocates joint costs to joint
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
Nonrecurring losses or expenses resulting from transactions or events which,
Expense charges applied when the owner of a policy surrenders a policy for its cash value.
The fund return, for any 12-month period, including changes in unit value and the reinvestment of distributions, but not taking into account sales, redemption, distribution or other optional charges or income taxes payable by any unitholder that would reduce returns.
Clearing house / Clearinghouse
An adjunct to a futures exchange through which transactions executed its floor are settled by a
Loads are sales fees (or commissions) that are charged when you buy a mutual fund.
Net asset value (NAV)
The value of a fund's investments. For a mutual fund, the net asset value per share
A relatively small percent increase or decrease in
special order decision
a situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market
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