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inventory rebate

20:20 Apr 4, 2006
This question was closed without grading. Reason: Other

English language (monolingual) [PRO]
Bus/Financial - Accounting
English term or phrase: inventory rebate
Does that mean depreciation calculated during or following an inventory?

thanks,

Georgia
gkarapapa
Local time: 01:56


SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +5rebates
Martine Brault
3sales incentive
marybro


Discussion entries: 4





  

Answers


37 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +5
rebates


Explanation:
In your first example, there are good chances that rebates related to the gross margin are sales rebates.
Inventory rebates could be reductions due to inventory revaluation at year-end.

Martine Brault
Canada
Local time: 18:56
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench

Peer comments on this answer (and responses from the answerer)
agree  MikeGarcia
13 hrs
  -> Thanks
agree  Mwananchi: Probably how I remember it.
14 hrs
  -> Thanks
agree  Isodynamia
16 hrs
  -> Thanks
agree  Dave Calderhead
1 day 4 hrs
  -> Thanks
agree  Alfa Trans (X)
3 days 17 hrs
  -> Thank you
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
sales incentive


Explanation:
may be cash back, may be a sales discount, depends

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Note added at 1 hr (2006-04-04 22:05:12 GMT)
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in other words, an increase in the cost to sell the product

based on context, (calculate COGS, cost of good sold) this sounds like customer rebates, not rebates to a manufacturer from a supplier

marybro
Local time: 18:56
Specializes in field
Native speaker of: English
PRO pts in category: 4
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