when making inventory,you count with the cost price or the selling price.?
142379
depends on the method, but probably the cost.  That way if you decide to discount your inventory to get rid of it, you will know how much you are really losing and not just how much less you are selling it for.
169274
First you need to check out what your competitors are pricing their merchandise.  You need to figure out how much it cost for you to make the product.  If you are doing an online business, where you don't keep the inventory and you choose your price, then you need to see what your competitors are doing and match that if you can or go a little lower.  Depends on what you can afford to do.
1023539
I think cost of goods sold is = beginning inventory + purchases - ending inventory.\n\nThen, gross profit is = sales - cost of goods sold.\n\nThen, net profit is = gross profit - operating expenses.
193028
Cost of Goods Sold \n= Selling Price - Gross Profit\n\nCost of Goods Sold \n= Opening Stock + Direct Expenses - Closing Stock\n\nNow since there is no stock, it would not be appropriate to think in terms of opening and closing stocks.\n\nDirect Expenses is a term relevant to an asset...\n\nAny expenditure that is incurred before brining the asset into usable condition is direct expenditure for the asset..\n\nSince in case of service industry we do not find direct expenses, it would not be possible to use the above ideas for ascertaining the cost of goods sold.\n\nSince there is no goods being sold, it would not be appropriate to use the term "cost of goods sold".\n\nIf one is to decide whether the business is profitable or not, the first figure to look at is gross profit, which gives the basic profit from the set of transactions related to trading activity.\n\nIf for a similar purpose, you intend to find the basic profit from a set of transactions that relate to the service activity, then we make a separate account to which we transfer all the incomes and expenses relating to that activity to ascertain a profit that is an equivalent of gross profit in trading activity.\n\nSome examples of accounts which reveal the profit from a set of transactions....\n\nrelated to consignments -- Consignment a/c\nrelated to joint ventures -- Joint Venture a/c\nrelated to branch -- Branch a/c\nrelated to hire purchase -- hire purchases a/c\n\nsimilarly \nrelated to a service  -- xxx service a/c\n\n\nhttp://www.futureaccountant.com/\n\nhttp://www.schoolingkids.com/
4488
Local sales tax rate * Price of item = Tax on that item\n\nPrice of item + Tax on that item = Final item cost with tax
233377
it's on the same form.  where it says expense of sale or other.\n\nemail me if you have quesiotns.
950446
Cost to produce/market the product.\nGoing rate for similar products.
840247
1.  Cost of materials plus sales tax plus your stocking/inventory fee.  If you pay $20 plus 6% tax plus 10% stocking fee then material cost of $20 item is $23.32\n\n2.  Your hourly billing rate for labor:  This has to include, what you want to make per hour plus, insurance, taxes, gasoline, equipment deprecation, etc.....\nExample:  You want to make $25 per hour.\nTaxes and insurance cost you an additional 21% and your overhead and indirect costs add another 12% to the figure.\n\nYour Cost rate is $33.88 without profit margins!\nNow, you need to figure out, how much of  a profit margin does your company want to make?  20% or 25% or 30%?  and add that to the cost rate to get to your final billing rate per hour.
250934
The amount of money "locked" in inventory varies per organization.  Inventory is a liability, not an asset.\nWorking through a process of analyzing your inventory, with what sells, and what doesn't sell...item by item, helps greatly.  There's also a way to manage a business where you are not maintaining inventory, but you would order and work through your vendors, and they would ship the items to your customers.  Therefore, it is possible to have a business where you are not maintaining a large amount of inventory.\nMost of the time, it's a combination of both:\n- keeping a small quantity of big sellers on hand, and\n- having vendor's on hand to take care of the smaller quantities of items that sell...but not as well.\n\nFurther information on inventory management could be found in the source's section...
1038758
Please explain what exactly do you mean by "physical inventory loss".\n\nIs it the cost of carring inventory?
166806
use query to create sum of quantities...
1054569
It should give you the whole total before you finalize the transaction.  Amazon is very reliable, we purchase from them all of the time.
81164
That would depend on a lot of different things... simply put the amount sold would have to cover the amount spent.\n\nThis would have to include all expenses related to what is being sold...\nincluding... cost of product, advertising, distribution, research, sales force, any and all overhead. (building, taxes, electric, heating, phones, payroll, insurance, legal fees,) the list can go on and on.
388914
Say the 10 items sell for $10. You paid $10 for 11 items.\nyou paid $0.909 per item and sold it for $1.\n\nProfit is $.091 on $1.00  or 9.0909%
290517
Yes, there is a chart under the sale items tab that explains the fee for LISTING an item and the FINAL SALE PRICE fee.  you can set the price up so that those amounts are yours or the buyers.
1159706
It really depend on the product you are selling.\n\nLC
494925
If you had 100 shares in XYZ company and they were selling for $100 per share, you would then have 200 shares selling at $50 per share if it were a 2 for 1 split.  Total value is not impacted but price per share is.