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The term sales in a marketing, advertising or a general business context often refers to a free in which a buyer has agreed to purchase some products at a set time in the future. From an accounting standpoint, sales do not occur until the product is delivered. "Outstanding orders" refers to sales orders that have not been filled.
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).
Accounting documents or document records regroup every document that plays a role in the preparation of financial statements for a company, like income statements and balance sheets. They include records of monetary transactions, assets and liabilities, ledgers, journals, etc. Accounting documents and records are the physical objects upon which ...
Then a paradigm shift happened in Americans' diet: The US started turning against sugar, and soda sales plummeted. That's when LaCroix, which contains no sugar, sodium, or artificial sweeteners ...
A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales of items when cash is received, by crediting sales and debiting cash and transactions related to receipts. Sales on account are booked instead in the sales journal. [1]
Soda and Pop are the most common terms for soft drinks nationally, although other terms are used, such as, in the South, Coke (a genericized name for Coca-Cola). Since individual names tend to dominate regionally, the use of a particular term can be an act of geographic identity.
Mike Coppola/Getty Images for SodaStream Making carbonated beverages at home continues to grow in popularity, and SodaStream (SODA) has been the big beneficiary, reporting a 26 percent surge in ...
Additional costs may include freight paid to acquire the goods, customs duties, sales or use taxes not recoverable paid on materials used, and fees paid for acquisition. For financial reporting purposes such period costs as purchasing department, warehouse, and other operating expenses are usually not treated as part of inventory or cost of ...