United States home front during World War II. United States home front during World War II supported the war effort in many ways, including a wide range of volunteer efforts and submitting to government-managed rationing and price controls. Everyone agreed that the sacrifices were for the national good for the duration.. The labor market changed radically.
Cost of goods sold is an expense charged against sales to work out a gross profit (see definition below). So, for example, we may have sold 100 units this year at $4 each, and these 100 units that we sold cost us $3 each originally.
Net sales is the amount of sales a company has for the period minus any allowances for returned goods, bad debts or discounts. This amount is on the income statement. In our example, the company has $800 of net sales. Related Reading: How to Improve Operating Profit Margin.et sales is the amount of sales a company has for the period minus any allowances for returned goods, bad debts or discounts. This amount is on the income statement. In our example, the company has $800 of net sales. Related Reading: How to Improve Operating Profit Margin.