Comments on: What does "Sales on Credit" mean for a Business plan? http://www.new-businessmarketing.com/what-does-sales-on-credit-mean-for-a-business-plan New Business Ideas & Business Plan Examples and more! Wed, 28 Jul 2010 07:13:59 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: legaleagle http://www.new-businessmarketing.com/what-does-sales-on-credit-mean-for-a-business-plan/comment-page-1#comment-502 legaleagle Wed, 26 Aug 2009 21:13:59 +0000 http://www.new-businessmarketing.com/what-does-sales-on-credit-mean-for-a-business-plan#comment-502 Sales on credit indicates "accounts receivable"--you provided goods or services for which you were not paid up front or at the time of delivery (or expect to. Less 25% tax indicates, according to your example, that your projected sales are $473,843, LESS $118,460 in tax, leaving $355,383 in projected gross after tax income.<br><b>References : </b><br> Sales on credit indicates "accounts receivable"–you provided goods or services for which you were not paid up front or at the time of delivery (or expect to.

Less 25% tax indicates, according to your example, that your projected sales are $473,843, LESS $118,460 in tax, leaving $355,383 in projected gross after tax income.
References :

]]> By: CanadianBlondie http://www.new-businessmarketing.com/what-does-sales-on-credit-mean-for-a-business-plan/comment-page-1#comment-501 CanadianBlondie Wed, 26 Aug 2009 20:32:59 +0000 http://www.new-businessmarketing.com/what-does-sales-on-credit-mean-for-a-business-plan#comment-501 I can think of a couple of things that it might mean, but without seeing the whole problem, I'm just guessing. 1Sales on credit could be: a) A % of all sales that end up as accounts receivable (they didn't pay you up front, and you extended them credit) - most likely answer b) The % you have to pay to the credit card company for taking credit cards 2. Less 25% tax...well, 11,846 is 25% of the figure you quoted as your sales figure; it would appear that you are subtracting the tax amount before ending up with a net income amount.<br><b>References : </b><br> I can think of a couple of things that it might mean, but without seeing the whole problem, I’m just guessing.

1Sales on credit could be:
a) A % of all sales that end up as accounts receivable (they didn’t pay you up front, and you extended them credit) – most likely answer
b) The % you have to pay to the credit card company for taking credit cards

2. Less 25% tax…well, 11,846 is 25% of the figure you quoted as your sales figure; it would appear that you are subtracting the tax amount before ending up with a net income amount.
References :

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