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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.
What else can I help you with?
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.
What nation's production possibilities curve is constructed under the assumption that?
Suppose the purchase price of a dining room set is $650.If the sales tax is $58.50, what is the sales tax rate?
What are the differences between elastic, inelastic, and unit elastic demand, and how do they impact the pricing and sales of a product?
Elastic demand means that a small change in price leads to a large change in quantity demanded. Inelastic demand means that a change in price has little impact on quantity demanded. Unit elastic demand means that the percentage change in price is equal to the percentage change in quantity demanded. For pricing and sales, elastic demand typically leads to lower prices and higher sales volume, as consumers are more sensitive to price changes. Inelastic demand allows for higher prices with less impact on sales volume, as consumers are less sensitive to price changes. Unit elastic demand falls in between, with price changes having a proportional impact on sales volume.
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?
A profit.
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?
Sales tax in Pennsylvania is calculated on the difference between the sales price of the car and the trade-in amount. This is usually called the "money difference"
How do you find the difference between sales price and actual price?
Subtract the sales price from the actual price!
What is the difference between the sales return and purchase return?
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What is the difference between hire purchase and installment sales?
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Is sales tax on a car purchase price or car value?
Sales tax is on the purchase price not the value.
The difference between sales price per unit and variable cost per unit is the?
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
What is the difference between a sales volume variance and a sales price variance?
Volume is a change in how many products you sell Price is a change in how much you charge for the product
Is it legal for at and t to charge sales tax on the full retail price of a cell phone if the phone is refurbished?
Depending on the state you purchase the phone in the sales tax will apply to the actual price paid (out of pocket) or the full undercounted retail value. By that I mean the difference between what the phone costs you and the advertised price of the phone ex-contract.
What is the difference between sales price per unit and variable cost per unit?
contribution margin
What is the difference between sales price and variable costs?
Sales price is the price at which unit of product is sold while variable cost is that cost of unit which in manfuacturing process varies with change in level of production directly.
If you trade 1 car for another do you pay sales tax?
It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000. It varies from state to state. Where I live (Washington State) you pay sales tax on the difference in value between the new car and the trade-in vehicle. Example: New car purchase price $25,000, trade-in car value $10,000; tax is paid on $15,000.
