Business & Finance - 30 November 2007

My company competes in a competetive market...such that discounts are given so often that there is a name for different kinds of sales discounts. One of these is a concession.

Let's say that my company invoices a customer, and the customer disputes the invoice. The invoice is correct as-is, but the company extends a gesture to the customer by crediting the sale anyway. The effect of this is to debit sales as if the sale had never occurred. This is not satisfactory, however, as management wishes to track sales that are surrendered as concessions.

My solution to this has been to book the sale as normal and add a transaction to a contra revenue account (the equivalent of a sales discount account), which leaves the question of how to treat cost of sales. My boss contends that concessions are an expense account, not a contra-revenue account. He says we should move the cost of sales associated with the lost sale to the concession account. But this distorts gross margin.

Help!

2007-11-30 12:12:11 · 2 answers · asked by DK 3 in Other - Business & Finance

I'm From Washington State and I'm starting a online internet business . What states do I have to add taxes to by law?

2007-11-30 12:08:20 · 2 answers · asked by Joe P 1 in United States

I know that u have to be 16 to work at starbucks but can the work permit make a diffrence ?

2007-11-30 12:02:01 · 3 answers · asked by Miguel G 2 in Corporations

I just had a car reposesed two weeks ago. The bank is not calling threatening to sue and garnish my wages if i don't pay the full loan debt owed and all the fees. The car has not been auctioned off as of yet. The bank is Fireside has any one had any experience in this manner or with this bank. I would be willing to pay some but this doesn't sound right. I owed 6K and they want 8K.

2007-11-30 12:01:07 · 4 answers · asked by Elizabeth M 2 in Credit

Why do they charge a $15 payment to make a payment by phone? Don't you think they charge just a little too much? lol

2007-11-30 11:56:24 · 6 answers · asked by flawless1212 3 in Credit

2007-11-30 11:55:56 · 3 answers · asked by Anonymous in Other - Business & Finance

I had to go get a 2nd dose of the MMR vaccine on Monday because where I'm going to school next year requires 2 doses (University of Memphis) and since then I've been sick. Like a nasty cold and Tuesday night I gave up trying to sleep at 1:30am and then 4am the next night. Going to the doctor is not supposed to MAKE you sick, I know about side effects, but is this normal? Pretty much all I have left is congestion and a sore throat because of my cough. Last time I was sick (In Feb) I got a cold which left me with a cough, which led to an upper respiratory infection (though we didn't know it at the time) which led to an ear infection which led to a ruptured ear drum (at the same time as the stomach flu). I REALLY don't want to have to go through that pain again, it sucked. It was so bad my best friend could HEAR it when my ear started draining this weird stuff...

2007-11-30 11:52:06 · 3 answers · asked by theshootergirl 2 in Insurance

2007-11-30 11:50:03 · 7 answers · asked by I Inquire 3 in Credit

I am trying to figure out how to back out taxes for gross receipt taxes. Yes I am well aware that there are notations/references across the internet. However these notations/references use a whole amount. I would like to know for the very specific amount of 6.875%. And if you have further info on backing out or even entering this info with a subtotal, etc. on a spreadsheet your assistance would be greatly appreciated. For example say the amount with tax = 975.00 how do you figure out the formula. I am thoroughly confused. Thank you kindly.

2007-11-30 11:48:49 · 3 answers · asked by dioress007 1 in United States

2007-11-30 11:47:20 · 2 answers · asked by marsross 1 in Other - Business & Finance

i know craig's list is a good place. any1 know any other good places to post/sell used goods?

2007-11-30 11:46:43 · 18 answers · asked by xpgzee 1 in Other - Advertising & Marketing

Hi.. I was just wondering if anyone can give me a ballpark answer on how much i should expect for a tax return early next year... Ive made about 11k so far this year at a daycare but have w-2's that i never got to claim last year to the amount of like $600... now I live at home.. claim 0 on all my tax forms.. im currently taking this year off from school and going back in january.. was just hoping to get a range on what i should expect back.. any help would be great! thanx so much!

2007-11-30 11:46:06 · 1 answers · asked by Katie 2 in United States

2007-11-30 11:45:04 · 3 answers · asked by marsross 1 in Health Care

2007-11-30 11:43:36 · 3 answers · asked by Codie J 1 in United States

Coursework help, usefull website to the following units:

# Exploring Business Activity
# Investigating Business Resources
# Introduction to Marketing
#Introduction to Accounting
#Business Ethics
#Economy and the business enviroment

2007-11-30 11:37:33 · 2 answers · asked by FoYSoLa1 1 in Other - Business & Finance

i am trying to get a loan to consolidate my debt and no one will help me i just got a raise at work but my bills have such high payments, like my car. if i could get a loan i could pay off the car, and lower my insurance payments, and then pay off my other debts with it. that would leave me with so much extra money that $ 300 a month payments would be easy! and my living expences i have help with those so they would be low too. it's just no one will give me a chance i am so serious about this i want to by a house so my child will have a home of her own, but i need to repair my credit for that, but like i said no one will help me! so i guess my question is do you know any who will because right now i am drowning in debt and payday loans ( I know big mistake)! and i feel like my only way out is to file for bankrupty! ( did i spell that right) and i don't want do do that because that's the cowards way out and i want to pay what i owe. so any suggestions i really truely need help

2007-11-30 11:33:31 · 5 answers · asked by Anonymous in Credit

2007-11-30 11:31:56 · 6 answers · asked by st-croix 3 in Investing

If a stock went up 1.000000+ how much is that.
How much Does a single stock/share cost.
Could some one give me the lowdown on this.

2007-11-30 11:29:35 · 4 answers · asked by Shade tree 3 in Investing

2007-11-30 11:27:56 · 8 answers · asked by Anonymous in Personal Finance

2007-11-30 11:26:48 · 6 answers · asked by dannyspliff420 1 in Personal Finance

what do I do??

2007-11-30 11:19:45 · 5 answers · asked by Susan H 1 in Credit

i'm talking about a no load fund with very small expenses. Dodge & Cox International.

2007-11-30 11:12:28 · 4 answers · asked by orangefouch 1 in Investing

i saw this cool looking knife made by .J McDonald
and i was wondering if any one else has one

2007-11-30 11:11:29 · 1 answers · asked by Anonymous in Corporations

2007-11-30 11:08:42 · 8 answers · asked by Anonymous in Other - Business & Finance

Does anyone know of anyone that lends to military families in need of money. BUT the payments are defferred until the person is either out of the service or will deffer payments for the first year? We need help paying our mortgage and I have lost my job. The military can't help us because the house is in a different zip then where we are stationed. Its either we make these payments or we don't have a home to come back too when we relocate. There is way more to this story, but not enough time. Please help.

2007-11-30 11:08:37 · 2 answers · asked by help me 2 in Personal Finance

I have a neighbor upstairs. Their dog barks constantly when they are not there.
I have called the cops, I have called animal control, my apartment manager and also the parent company of the apartment.
I have been having this problem since November 6th.
I want out of my lease. I live in Texas. What are my rights?
Please don't tell me to review my lease because I have. It does not have a special clause saying anything about this...at least not that I can see.
Please help. How can I get out of here legally?
It's driving me insane.

2007-11-30 11:06:44 · 5 answers · asked by sarah t 3 in Renting & Real Estate

I mean I wouldn't want to buy it at $30 when it was $10 the day prior. Who will buy it from me?

2007-11-30 11:04:28 · 9 answers · asked by New Investor 2 in Investing

2007-11-30 10:52:42 · 6 answers · asked by Anonymous in Other - Business & Finance

Around 1996 there was a TV Commerical where a lady gets in to her car and melts, What commerical was it?

2007-11-30 10:48:34 · 2 answers · asked by kaminski_aleksander 1 in Other - Advertising & Marketing

My wife is receiving 70,000. We have to set aside 20,000 for taxes on the money, so her money is really 50,000.
We have approx. 26,000 in credit card and student loan debt. The student loan has been in forbearance for 2 years because we couldn't afford to pay. We owe 120,000 on our house and just scrape by every week. I think we should pay off the 26,000. My wifes sister said it would look better on our credit report if we made payments on the college loans vs paying the debt off. That sounds nutty to me.Also, what would be a smart financial move for us with this money so we don't scrape by anymore. Were scared we might blow this opportunity. If we pay off the 26,000 what should we do with the rest?
Thanks.

2007-11-30 10:40:41 · 10 answers · asked by dallas981 1 in Personal Finance