Sales Return

Sales Return

A product given back to the seller for a refund, usually due to a defect or malfunction. Sales returns reduce a seller's revenue and may also reduce a salesperson's commission.
References in periodicals archive ?
1] "Underlying" amounts are non-GAAP items and in this press release exclude foreign exchange fluctuations and the THV sales return reserve.
THV Sales Return Reserve and Related Costs - In the first quarter of 2014, the Company recorded a net sales return reserve and related costs, primarily related to inventory reserves, of $15.
The Company uses the term "underlying" when referring to non-GAAP sales information, which excludes foreign exchange fluctuations, as well as adjustments for discontinued and acquired products and sales return reserves associated with transcatheter heart valve therapy ("THV") product upgrades, and "excluding special items" to also exclude gains and losses from special items such as significant investments, litigation, and business development transactions, and for 2012 to include the tax benefit for the U.
6 million reduction to net income, primarily driven by the THV Sales Return Reserve reversal and the write-down of assets related to its Glucose monitoring program.
Medicis claimed the restatement was related to a modification in the Company's technical interpretation of the GAAP relating to sales return reserve calculations.
Some shops will not accept sales returns but should warn you at the till.
Stallion statistics, pedigree data, sales returns, progeny research and much, much more.
Cases also have shown that sales returns reserves have been deliberately understated.
The court concluded, based on prior cases and the regulations, this exception primarily applied to sales returns and allowances.
This eliminates, for example, the use of the rule for sales returns and allowances.
Figures produced yesterday by the company that owns Currys and PC World, as well as shops operating under the Dixons name, showed Irish sales returns last year shot up to EUR87.
But do the sales returns bear close inspection, and with so much reliance on the millions invested by Godolphin and Coolmore, is the underlying market as healthy as it seems?