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Creado por Veronica Huninghake
hace casi 2 años
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Pregunta | Respuesta |
Selling Price | Cost plus markup equals selling price. |
Cost | Price retailers pay to manufacture or supplier to bring merchandise into store. |
Markup | Amount retailers add to cost of goods to cover operating expenses and make a profit. |
Margin | Difference between cost of bringing goods into store and selling price of goods. |
Gross Profit | Difference between cost of bringing goods into the store and selling price of the goods. |
Operating Expenses | Regular expenses of doing business. These are not costs. |
Overhead Expenses | Operating expenses not directly associated with a specific department or product. |
Net Profit | Gross profit - Operating expenses. |
Net Income | Gross profit less operating expenses. |
Dollar Markup | Selling price less cost. Difference is the amount of the markup. Markup is also expressed in percent. |
Percent Markup on Cost | Dollar markup divided by the cost; thus, markup is a percent of the cost. |
Markdowns | Reductions from original selling price caused by seasonal changes, special promotions, and so on. |
Dollar Markdown | Original selling price less the reduction to price. Markdown may be stated as a percent of the original selling price. |
Perishable | Goods or services with a limited life. |
Fixed Costs (FC) | Costs that do not change with increase or decrease in sales. |
Variable Costs (VC) | Costs that do change in response to change in volume of sales. |
Selling Price | Cost plus markup equals selling price. |
Contribution Margin (CM) | Difference between selling price and variable cost. |
Breakeven Point (BE) | Point at which seller has covered all expenses and costs and has made no profit or suffered a loss. |
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