|Sales Revenue Revenue recognized from the sales of products as opposed to the provision of|
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Definition of Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
Sales Revenue Revenue recognized from the sales of products as opposed to the provision of
A clause in a shareholders agreement preventing a company from issuing additional shares, without allowing the current shareholders the opportunity to participate in the offering to avoid dilution of their percentage ownership.
Specific sections and rules of the 1933 Act and 1934 Act that are
An embedded option granting a bond issuer the right to buy back all or part of the issue prior
Similar to equipment trust certificates except that the lender is either the
The formal name for the load of a back-end load fund.
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
revenue recognized on a nonexistent sale or service transaction.
A special type of corporation created by the Tax Reform Act of 1984 that
The total sales recorded prior to sales discounts and returns.
The expense deduction from pretax book income reported on the
the revenue resulting from an additional contemplated sale
Industrial revenue bond (IRB)
Bond issued by local government agencies on behalf of corporations.
Internal Revenue Code
Refers to all federal tax laws as a group.
Internal Revenue Service
A federal agency empowered by Congress to interpret and enforce tax-related laws.
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
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.
Optimal redemption provision
provision of a bond indenture that governs the issuer's ability to call the
percentage of sales models
Planning model in which sales forecasts are the driving variables and most other variables are
revenue recognized for a confirmed sale or service transaction in a period
Price/sales ratio (PS Ratio)
Determined by dividing current stock price by revenue per share (adjusted for stock splits).
Estimates of possible future liabilities that may arise.
Provision for Doubtful Accounts
An operating expense recorded when the allowance for
Provisional call feature
A feature in a convertible issue that allows the issuer to call the issue during the noncall
Gives the holder of a floating-rate bond the right to redeem his note at par on the coupon
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:
Realizable Revenue A revenue transaction where assets received in exchange for goods and
services are readily convertible into known amounts of cash or claims to cash.
A revenue transaction where goods and services are exchanged for cash or
return on sales
This ratio equals net income divided by sales revenue.
Income earned from the sale of goods and services.
Amounts earned by the company from the sale of merchandise or services; often used interchangeably with the term sales.
An inflow of cash, accounts receivable, or barter from a customer in exchange
A bond issued by a municipality to finance either a project or an enterprise where the issuer
a responsibility center for which a manager is accountable only for the generation of revenues and has no control over setting selling prices, or budgeting or incurring costs
Operating expenses that vary in proportion to
A fund accounting for all revenues from an enterprise financed by a municipal revenue bond.
The act of recording revenue in the financial statements. revenue should
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
The fee charged by a mutual fund when purchasing shares, usually payable as a commission to
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.
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
revenue recognized from the provision of services as opposed to the sale of
Total sales and other revenue for the period shown. Known as "turnover" in the UK.
Money that has been paid by customers for work yet to be done or goods yet to be provided.
A payment from a customer that cannot yet be recognized as earned
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