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Purchase price is what the employee time costs the company to provide the service. Hourly rate plus all costs to you for that employee.

Sales price is what you charge the customer for that employee time.

EX.

Company X buy material 1001 from Company Y.

SO I must maintain a Purchase contract of material 1001 of Company X, supplier is Company Y.

Meanwhile, I have to maintain a Sale Price list of material 1001 of Company Y, customer is Company X.

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What is a tax based on the price of goods and paid at the time of purchase?

A tax based on the price of goods and paid at the time of purchase is a sales tax.


Purchase decisions are based on how consumers perceive prices and what they consider to be the blank price not the marketer's stated price?

Last purchased price current actual current sales price referent price, Ans: current sale price.


What is the difference between sales and demand?

Sales refer to the actual transactions where goods or services are exchanged for money, reflecting the revenue generated by a business over a specific period. Demand, on the other hand, represents the desire and willingness of consumers to purchase a product or service at various price levels, regardless of whether a sale actually occurs. While sales indicate past performance, demand is more predictive, influencing future sales potential. Understanding both concepts is crucial for effective business planning and strategy.


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Suppose the purchase price of a dining room set is $650.If the sales tax is $58.50, what is the sales tax rate?


How does demand relate to buyers of a good?

Demand refers to the quantity of a good that buyers are willing and able to purchase at various price levels over a certain period. It reflects consumers' preferences, income levels, and the price of related goods. As demand increases, buyers are willing to purchase more of the good, often leading to higher prices, while a decrease in demand can lead to lower prices and reduced sales. Essentially, demand captures the relationship between buyers' purchasing behavior and the price of the good.

Related Questions

If a corporation sells certain capital equipment for more than their initial purchase price the difference between the sales price and the purchase price is called a?

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If you purchase a new vehicle and trade one in is the 6 Pennsylvania sales tax calculated on the full purchase price or with the trade in amount deducted?

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