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General Accounting Discussions: student needs answer to a simple question:) ASAP!

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  1.  
    • CommentAuthoru4363848
    • CommentTimeMay 11th 2007
     
    If a business sells stuff and offers services, do we include services in calculating the gross profit??
    As in a company(A) sells laptops and also provide IT services, is gross profit=(sales revenue + revenue from services - COGS) or is it just (sales revenue - COGS).

    pliz hlp. thnks
    Thankful People: mariaina, Mina
    • CommentAuthorabril
    • CommentTimeMay 11th 2007
     
    maybe you should record the two separately like this.

    *sales:
    less: cost of goods sold
    ---------------------------
    Gross Margin from sale

    *revenue from services
    lesss: cost of sale
    -----------------------------------------
    Gross Margin from services rendered

    Gross Margin from sale
    Add: Gross Margin from services rendered
    ------------------------------------------------
    total Gross Margin:
    • CommentAuthoradewest202
    • CommentTimeMay 23rd 2007
     
    if the company operate under same name, then it has to be sales revenue +service revenue _ cogs
    • CommentAuthorDilawar
    • CommentTimeMay 26th 2007
     
    What is loan? Type of loan?
    Areas for distributing loan?
    How to know that the borrowers will repay the loan?
    What is loan arrears?
    What is loan loss reserve?


    Any one to know the best and good answers.

    Thanks in advance
    • CommentAuthorDilawar
    • CommentTimeMay 26th 2007
     
    what are the main factors to be keept in mind while lending loan to borrowers?
    What is microcredit/micrloan and what is its advantages and disadvantages?
    Suitable areas for microcredit/microloan/microfinancing?
    What will be a good rate for loan (interset rate)?


    Any one to help me out in the above mentioned Quetions.


    Thanks in Advance

    Dilawar
    • CommentAuthormariaina
    • CommentTimeMay 29th 2007
     
    i'm learning financial english and i need some answers:fill in the correct preposition:
    1:We are sending samples.......separate cover.
    2:Duty has been paid.....the goods and they are not liable....VAT.
    3:The most popular way of calculating the depreciation each year is the ....method.The....is a summary of the company's trading performance,the financial movements over the past financial year.

    I'd apreciate your help.Thx. Mariaina.

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