Total Gross Sales definition
Examples of Total Gross Sales in a sentence
Concession Agreements include a compensation structure which is a monthly commission fee based on a specified percentage of Total Gross Sales.
Each monthly report will contain the required detail based upon Total Gross Sales for such month by point of sale.
The Concessionaire will provide the Department with a Monthly Report of Concessionaire’s Total Gross Sales.
Both the Monthly Reports of Total Gross Sales and the Annual Profit and Loss Statements will be based on source documents and books of original entry.
The Concessionaire is solely responsible for verifying the subcontractors’ reports, for reporting gross sales attributable to all subcontracts, and for computing and remitting the monthly fee based on Total Gross Sales.
The Concessionaire agrees that any subcontract will require the subcontractor to be bound by the terms of this Agreement, including but not limited to: the requirements of Chapter 119, Florida Statutes; Audit and Minimum Accounting requirements; and the commission on Total Gross Sales.
If, during any calendar year where this Agreement is effective, the annual Total Gross Sales from the Concessionaire’s Services under this Agreement exceed $400,000, the Concessionaire will obtain and submit, at its cost, a limited engagement document, prepared in accordance with the Agreed-Upon Procedures for a Certified Public Accountant specified in Exhibit G.
The Concessionaire will pay the Department a commission fee equal to % of Total Gross Sales each month, but not less than $ annually (“Minimum Guarantee”).
The Concessionaire will submit the monthly commission fee, plus the State Use Tax and any other fees or payments due (“Monthly Payment”), along with the Monthly Report of Concessionaire’s Total Gross Sales (“Monthly Report” detailed in Exhibit D) through the Park Manager.
Each monthly report shall contain the required detail based upon Total Gross Sales for such month by point of sale.