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Topic: Discounts and allowances

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	Pay, pay raises, pay allowances, pay charts - Navy Times
		Basic Allowance for Housing is the modern version of a military program dating from 1878 under which service members are provided government quarters or a cash substitute when quarters are...
		Basic Allowance for Subsistence is a nontaxable allowance to defray a portion of the cost of service members’ subsistence, essentially food.
		A cost-of-living allowance is paid to military personnel assigned to high-cost locations in the continental U.S., defined as the 48 contiguous states and excluding Alaska and Hawaii.
	www.navytimes.com /benefits/pay (1333 words)

	Discounts and allowances - Definition, explanation
		The purpose of discounts is to increase short-term sales, move out-of-date stock, reward valuable customers, or encourage distribution channel members to perform a function.
		Trade discounts are often combined to include a series of functions, for example 20/12/5 could indicate a 20% discount for warehousing the product, an additional 12% discount for shipping the product, and an additional 5% discount for keeping the shelves stocked.
		Trade discounts are most frequent in industries where retailers hold the majority of the power in the distribution channel (referred to as channel captains).
	www.calsky.com /lexikon/en/txt/d/di/discounts_and_allowances.php (706 words)

	Discounts and allowances - ArticleWorld (Site not responding. Last check: )
		Not only are discounts and allowances given to people that are long time customers or wholesale buyers, but they are also given to those who buy in larger quantities.
		Discounts and allowances are often given to students as well, especially those who are working their way through college.
		These are often called allowances, because they are given to people to receive a portion of their living expenses and food for free.
	www.articleworld.org /index.php/Discounts_and_allowances (330 words)

	NACUBO \| Accounting and Reporting Scholarship Discounts and Allowances to Tuition and Other Fee Revenues by Public ...
		Alternatively, revenues may be reported gross with the related discounts and allowances reported directly beneath the revenue amount." The GASB treatment of scholarship discounts and allowances is similar to that required by paragraph 12.05 of the June 1996 American Institute of Certified Public Accountants’ (AICPA) audit and accounting guide, Not-for-Profit Organizations.
		Significance: Reporting tuition and fee revenues net of scholarship discounts and allowances is expected to have a very significant impact on the financial statements of many public institutions.
		The principal effect of classifying scholarship discounts and allowances as a contra-revenue is to reduce both student financial aid expenses and tuition and fee revenues.
	www.nacubo.org /x1852.xml?ss=pf (610 words)

	Untitled Document
		Trade Discounts and Allowances - Many industries you are purchasing from have trade programs that are often mis-communicated (or not communicated at all).
		Warehouse Allowances - Actually this allowance has many aliases but is still quite common today.
		ProAudit is aware of the industries and situations where this allowance is collectible.
	www.proaudit.com /whatwedo_new.htm (969 words)

	Finance - Part B - Revenues and Other Additions
		The total amount of tuition and fee revenues and the amount of the scholarship discounts and allowances are shown under Operating Revenues on the GPFS in the Statement of Revenues, Expenses, and Changes in Net Assets under the category Operating Revenues.
		Scholarship discounts and allowances are the differences between the stated charge for goods and services provided by the institution, and the amount that is paid by students and/or third parties making payments on the students’ behalf.
		When revenue from such grants and contracts is used to satisfy tuition and fees and other student charges, it is either negative income (scholarship allowance), or scholarship expense, and should be reported in discounts and allowances.
	www.airweb.org /airipeds/page.asp?page=886 (1210 words)

	Finance - Part E - Scholarships and Fellowships
		Institutional Expenses and/or Discounts & Allowances represent the amounts from transactions where the institution makes the award of scholarships and allowances from its funds or provides a waiver of fees and charges otherwise due to the institution.
		Gross Scholarships and Fellowships represent the total amount without consideration for the amount that was ultimately reported as scholarships and fellowships expenses or discounts and allowances.
		Line 08 — Enter the amount of Discounts and Allowances applied to (recorded as a reduction) to student tuition and fees.
	www.airweb.org /airipeds/page.asp?page=889 (564 words)

	Terms ad Conditions
		Orders may not be combined to meet preseason specials, terms, or any discounts.
		Orders may not be combined to meet preseason specials, terms, or any discounts.- Standard shipping within the contiguous United States is by ground service, with freight charges added to the invoice.
		Shipments to commercial destinations over $500.00 per shipment (excluding haz-mat fees) will receive a Free Freight Allowance (FFA) up to 5% of the invoice amount on all standard ground shipments and pre-approved 2 day services--the customer is responsible for freight charges in excess of 5% of the invoice amount.
	www.libertymountain.com /terms.html (1653 words)

	Allowances - Current Rates for Army Personnel
		The following links contain details of the allowance rates for Service Personnel from 1 April 2007.
		There are many allowances and rates, any further advice should be sought from your Regimental Administrative Office who will be able to provide figures based on an individual's circumstances.
		Full copy of JSP 752 - Tri-Service Regulations for Allowances (This is a word document and may take some time to download)
	www.army.mod.uk /servingsoldier/condofserv/mm/allowances_current_rates_for_army_personnel.htm (173 words)

	RealMoney.com: Leapfrog Gets Splattered
		The declines were driven by lower sales of the LeapPad family of products and, to a lesser extent, increased sales discounts and allowances.
		Gross margin fell 18.3 percentage points from a year ago to 25.1%, on sales discounts and allowances and higher sales of closeout products.
		In addition, gross margins in the second quarter of 2005 benefited from the reduction of allowances for defective products, while allowances for defective products increased slightly in the second quarter of 2006.
	www.thestreet.com /p/newsanalysis/techgames/10301285.html (305 words)

	Accounting Dictionary \| Accounting Terms (G)
		The amount of the gain is computed by subtracting the amount spent to repurchase the bonds from the bonds' carrying value.
		The carrying value is usually the face amount of the bonds being retired plus the unamortized premium associated with the bonds being retired (or minus the bonds' unamortized discount) minus the bonds' unamortized issue costs.
		This is a non-operating or "other" item resulting from the sale of an asset (other than inventory) for more than the amount shown in the company's accounting records.
	www.accountingcoach.com /accounting-terms/accounting-dictionary/accounting-terms-G.html (883 words)

	CSU \| CIM \| Elements \| Program Code \| Scholarships and Fellowships (Site not responding. Last check: )
		Public institutions, after adoption of GASB Statements 34 and 35, should report tuition discounts and allowances and scholarships generally as reductions of tuition and fees revenues.
		Institutional resources provided to students as financial aid should be recorded as scholarship allowances in amounts up to and equal to amounts owed by students to the institution.
		Institutions, in applying this guidance on allocating financial aid between revenue discounts and expenses, will generally initially record all aid as an expense and then determine the amount of aid that should be reported as a reduction of revenues.
	www.calstate.edu /cim/elements/scholarships_fellowships.shtml (415 words)

	IPEDS Finance Survey Tips
		Under GASB and FASB accounting standards, the amounts used to pay tuition and other institutional charges are considered discounts or allowances, reducing the amount the student actually pays to attend the institution.
		Discounts and allowances have been netted against the amounts reported in the above representation of the accounting treatment.
		On this screen, the keyholder is also required to report the amount of discounts and allowances applied to tuition and fees and to auxiliary enterprises, such as room and board charges.
	nces.ed.gov /ipeds/financesurveytips.asp (1238 words)

	Differences between old FASB and new GASB
		The amounts of allowances applied to tuition and fees and to auxiliary enterprises are reported in the scholarship section.
		It is referred to as discounts and allowances on the New GASB form.
		Discounts and allowances applied to tuition and fees, and discounts and allowances applied to sales and services of auxiliary enterprises are also reported on this part.
	nces.ed.gov /ipeds/web2000/gasbfasb.asp (1642 words)

	Chapter 8
		A discount is a percentage reduction from the seller's list price, whereas an allowance is a payment to the buyer for providing a service to the seller or for trading in a product.
		A cumulative quantity discount bases the discount on the cumulative quantity purchased during a specified period, which usually is a year.
		The seasonal discount is a pricing mechanism that permits manufacturers of seasonal merchandise to maintain steady production and seasonal service providers (e.g., resort hotels) to sustain operations during out-of-season lulls.
	ollie.dcccd.edu /MRKT2370/Chapters/chapr08.htm (1758 words)

	Study Discounts and Allowances -- free at College-Cram.com!
		Discounts and Allowances are reductions to the selling price of goods or services.
		Cash Discounts can be expressed in many ways, including 3/15 net 30 which means the full (net) amount is due in 30 days, but a 3% discount is available if paid within 15 days.
		Similar in use to the trade discount, the Partial Payment Discounts is used where the seller wants to improve their liquidity/cash flow, but the buyer typically can't meet the discount deadline.
	www.college-cram.com /free-tutorials/Discounts-and-Allowances.htm?id=barbox (492 words)

	allowances - OneLook Dictionary Search
		We found 8 dictionaries with English definitions that include the word allowances:
		Tip: Click on the first link on a line below to go directly to a page where "allowances" is defined.
		Phrases that include allowances: discounts and allowances, income tax allowances, joint table of allowances, tax allowances
	www.onelook.com /?w=allowances (94 words)

	SEC Digs Into Agco's Accounting - CFO.com
		Revenue recognition, sales returns and allowances are among the concerns at the maker of farm equipment.
		At the end of 2003 and 2002, Agco said it had recorded sales (before discounts and allowances) of about $32.8 million and $29.9 million, respectively, where equipment was invoiced but remained on Agco's premises.
		The company said it provides for sales-incentive and parts-return allowances at the time of sale or at the time the program is put in place.
	www.cfo.com /printable/article.cfm/3011751?f=options (440 words)

	medicaid/23
		Bond discount is, in effect, an adjustment of the interest rate, a premium which the issuing company allows to the purchaser to induce him to buy the bonds at the interest rate stated for the bonds.
		The discount, together with any expense related to the issue, shall be amortized, using the straight-line method, over the period from the date of sale to the date of maturity of the bonds.
		It differs from a quantity discount in that it is based on the value of purchases, whereas quantity discounts are generally based on the quantity purchased.
	www.alabamaadministrativecode.state.al.us /docs/med/23med.htm (17997 words)

	Auditor of Public Accounts, Richmond, Virginia - GASB 34 - Higher Education - QA - Index by letter
		The criteria for classification as a scholarship allowance applies to tuition and fees, housing, and meal plans, as well as to the provision of educationally-related supplies acquired from an institutional bookstore.
		tuition and fees, auxiliary enterprise revenues, etc.) net of scholarship discounts and allowances with the discount or allowance amount parenthetically disclosed on the face of the statement or in a note to the financial statements.
		Alternatively, revenues may be reported gross with the related discounts and allowances reported directly beneath the revenue amount.
	www.apa.state.va.us /gasb34/he_34_q_and_a.asp?T1=Scholarships (441 words)

	Grocery Stores Ch. 4, Special Reporting Methods
		Volume rebate or quantity discount - an allowance or reduction of the price for volume purchases based on the number of units sold or purchased during a promotional period.
		The allowance is directly related to units sold or purchased although the grocer may incur some additional promotional expense.
		This term does not include display or other merchandising plan allowances or payments which are based on agreements not related to volume of purchases, or cooperative advertising allowances, which are based on national line rate advertising and are also not related to volume or purchases and sales.
	www.window.state.tx.us /taxinfo/audit/grocery/4_special.htm (1728 words)

	TRUTH ON THE MARKET » Hovenkamp on Slotting, Discounts, and Competition for Distribution
		Hovenkamp concludes that adminstrative costs justify a predatory pricing-type rule in the context of for bundled discounts where the anticompetitive mechanism is de facto “foreclosure” or deprivation from distribution resources (i.e.
		One poorly understood discount that is sometimes challenged under the antitrust laws is “slotting” fees, or upfront fixed fees by which manufacturers purchase scarce shelf space.
		Ultimately, I believe that Hovenkamp’s policy conclusions about shelf space payments and discounts are helpful (even if, in the case of slotting, for the wrong reason), but am less persuaded that bundled discounts and exclusive dealing should receive different treatment, especially since rational antitrust plaintiffs can be expectedly to substitute towards the more friendly standard.
	www.truthonthemarket.com /2006/08/20/hovenkamp-on-slotting-discounts-and-competition-for-distribution (1477 words)

	Discounts - Discounts and allowances - Wikipedia, the free encyclopedia
		INETA members are entitled to a 30% discount on all books purchased from O'Reilly.
		ABT provides hotel discounts, savings and service for business travellers at hotels, restaurants, car hire companies and many other membership benefits.
		Discounts and allowances are reductions to a basic price.
	zhaoxinxi.com /q/discounts.html (1210 words)

	Value Line - Support
		Conservative investors should try to limit their purchases to equities ranked 1 (Highest) and 2 (Above Average) for Safety.
		Sales—gross volume less returns, discounts, and allowances; net sales.
		Sales Per Share—net sales divided by the number of common shares outstanding at year end.
	www.valueline.com /sup_glosss.html (775 words)

	Casual Living - The Voice of the Leisure Marketplace
		Last year, our report said, Simmons had allowances, incentives and cash discounts totaling $95 million, a whopping 11.2% of the company’s wholesale shipment volume of $849 million.
		Sealy, by contrast, had allowances of $86 million, which was “only” 6.4% of its wholesale volume of $1.3 billion.
		Serta was far behind with allowances of $27 million, or 3.3% of its wholesale volume of $811 million.
	www.casualliving.com /blog/390000039/post/70003807.html?&year=2006 (568 words)

	[No title]
		These discounts and allowances should have been recorded as expenses and reduced gross sales reported.
		This practice of not recognizing all sales discounts and allowances continued during each month of the first and second quarters of fiscal 1996.
		The individuals who orchestrated and carried out this scheme knew that company's results would be incorrect if they failed to properly recognize the sales discounts and allowances that the company had granted its customers.
	www.sec.gov /litigation/admin/3439984.txt (1665 words)

	CHAPTER 5
		Purchase returns and allowances, purchase discounts, and transportation costs are discussed.
		Two different techniques for recording purchases, purchase discounts, purchase returns and allowances, and transportation costs are illustrated.
		Both Purchase Returns and Allowances and Purchase Discounts are contra accounts to Inventory and carry a credit balance.
	faculty.saintleo.edu /pendarvis/acc-201-mod10-notes.htm (1357 words)

	2ND AMENDED COMPLAINT IN TIRES INCORPORATED OF BROWARD V. GOODYEAR, ..., WAL-MART STORES, INC., SAM'S WEST, INC., ...
		Preferential allowances, discounts, payments, other things of value when opening, expanding, remodelling, moving or closing a store or warehouse including but not limited to a Goodyear program involving interest-free trade acceptances enabling Tires to be purchased without any payment for several years or more [applicable to all Defendant Competitors].
		Goodyear has offered these allowances to its customers for 25 or 30 years but these allowances cannot be used by plaintiff because plaintiff (a victim of price discrimination) remains with a single location, and the allowances go to defendant competitors who already are obtaining lower prices which aids in their expansion.
		Such discounts, rebates, fees, allowances and other payments referred to in the preceding paragraph also include payments purportedly for or as advertising and promotional allowances but which are not required by Goodyear to be used by the defendant competitors for such purported advertising and promotional purposes.
	www.lawmall.com /rpa/ti_comp3.html (9599 words)

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