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net sales

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Explanation of "Net Sales"

Definition: "Net sales" is a financial term that refers to the total amount of money a company makes from selling its products, after subtracting certain costs. These costs can include discounts given to customers, any products that were returned, shipping costs (freight out), and any allowances or adjustments made.

Usage Instructions:
  • "Net sales" is used primarily in business and finance contexts.
  • It is a noun and is often found in financial reports to help understand a company's performance.
Example:
  • If a store sells $100,000 worth of products but gives $10,000 in discounts and has $5,000 in returns, the net sales would be:
    • Net Sales = Gross Sales - Discounts - Returns
    • Net Sales = $100,000 - $10,000 - $5,000 = $85,000
Advanced Usage:
  • In business analysis, net sales can help investors understand how much revenue a company is really making after accounting for the costs associated with sales.
  • It is often compared to "gross sales," which does not take these deductions into account.
Word Variants:
  • Gross Sales: The total sales amount before any deductions.
  • Sales Revenue: Similar to net sales, it refers to the income generated from sales but can sometimes include other income sources.
Different Meanings:

In different contexts, "net" can refer to the final amount after all deductions. For example: - Net Income: The total income of a person or business after all expenses have been deducted.

Synonyms:
  • Revenue (though this can be broader)
  • Sales income
  • Earnings from sales
Idioms and Phrasal Verbs:

While "net sales" does not have specific idioms or phrasal verbs associated with it, here are some related expressions: - "Break even": To have no profit or loss, often used when discussing sales. - "Turnover": A term used in some regions to refer to the total sales of a business, which can be similar to gross sales.

Conclusion:

Understanding "net sales" is crucial for anyone interested in business or finance.

Noun
  1. gross sales reduced by customer discounts, returns, freight out, and allowances

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