DEFINITION OF GROSS definition

DEFINITION OF GROSS. REVENUES:OSS REVENUES: Gross Revenues are defined as follows:
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DEFINITION OF GROSS. REVENUES: "Gross Revenues" shall be computed on an accrual basis in accordance with GAAP, regardless of the method, timing, or form of payment. Accordingly, the following accounting procedures will apply: - The sale of retraining program packages ("Programs"), individual sales of courseware or tests to students, shall be accrued as of the date the student begins the first day of class, or takes possession of the courseware or test. - In the event a Program is to be completed over a period exceeding one month, the initial sale of the Program shall be deferred for accounting purposes, and amortized over the Program completion period. For example, if the CNE/NT Program is to be completed over five months, then the revenue will be recognized ratably over those five months. The first month of revenue recognition will be that month in which the student begins the first day of class. This revenue recognition methodology is conceptually consistent with that employed by New Horizons. - Refunds that arise from student terminations, returns of unused materials or tests, or other circumstances shall be recorded against the related revenue accounts; and therefore will reduce Gross Revenues. Interest income, and gain or loss on the disposal of assets (except for the sale of courseware) shall be excluded from Gross Revenues.
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Examples of DEFINITION OF GROSS in a sentence

  • DEFINITION OF GROSS RECEIPTS DEFINITION OF GROSS RECEIPTSThe total of amounts actually received or receivable from sales or for the performance of any act or service for which a charge is made or credit allowed, whether or not such act or service is done as a part of or in connection with the sale of materials, goods, wares or merchandise.

  • IF THE JURISDICTION (AS DEFINED IN SECTION 12.11) DOES NOT HAVE AN ESTABLISHED DEFINITION OF "GROSS NEGLIGENCE", FOR THE PURPOSES OF THIS SECTION THAT TERM SHALL MEAN ANY ACT OR FAILURE TO ACT (WHETHER SOLE, JOINT OR CONCURRENT) WHICH SERIOUSLY AND SUBSTANTIALLY DEVIATES FROM A DILIGENT COURSE OF ACTION, WHICH IS DONE OR OMITTED WITHOUT EVEN A SLIGHT DEGREE OF CARE OR DILIGENCE, OR WHICH IS IN RECKLESS DISREGARD OF, OR INDIFFERENCE TO, THE HARMFUL CONSEQUENCES.

  • DEFINITION OF GROSS ESTATE 26 CFR 20.2031-2; Valuation of stocks and bonds (Also Section 2512.) (Also Part II, Sections 811 (k), 1005 Regulations 105, Section 81.10.) In valuing the stock of closely held corporations, or the stock of corporations where market quotations are not available, all other available financial data, as well as all relevant factors affecting the fair market value, must be considered for estate tax and gift tax purposes.

  • Your failure to pay all amounts when due constitutes grounds for termination of this Agreement, as provided in Section 12.B, notwithstanding the provisions of this Paragraph.E. DEFINITION OF GROSS SALES.Gross Sales, as used in this Agreement, includes all billable revenue from services you provide while operating the Franchised Business, whether in cash, in services in kind, from barter and/or exchange, on credit (whether or not payment is received), or otherwise.

  • DEFINITION OF GROSS RECEIPTS The total of amounts actually received or receivable from sales or for the performance of any act or service for which a charge is made or credit allowed, whether or not such act or service is done as a part of or in connection with the sale of materials, goods, wares or merchandise.

  • THE FOLLOWING IS A NON-EXCLUSIVE LISTING OF CATEGORIES OF REVENUE NOT REPRESENTING THE RETAIL SALE OF LOCAL ACCESS SERVICES AND THEREFORE EXCLUDED FROM THE DEFINITION OF GROSS REVENUES AND, THEREFORE, ARE NOT INCLUDED IN THE CALCULATION OF ANY FEE DUE TO THE TOWN:Proceeds from the sale of bonds, mortgages, or other evidences of indebtedness, securities or stocks.Bad debt write-offs and customer credits.

  • GROSS RECEIPTS INSTRUCTIONS DEFINITION OF GROSS RECEIPTSSchedule D, Page 6, Lines 1 through 3:Receipts are cash, credits or property of any kind received from conducting business or from the sale of goods or services.

  • DEFINITION OF GROSS RECEIPTS Article VI, Section 6.04.010 SMMC (See Section 6.04.010 for detailed definition).

  • DEFINITION OF GROSS OVERRIDING ROYALTY (“XXXX”) (All capitalized terms used herein shall have the definitions contained in the Agreement, unless otherwise specified.) Pursuant to the Agreement to which this Appendix is attached, Laronde is entitled to a royalty (the “XXXX”) equal to 2% of the Average Appraised Value (as hereinafter defined) of all gem and industrial diamonds recovered, sorted and graded from the Claims (the “Diamonds”), free and clear of all costs of development and operations.

  • RULE 42: DEFINITION OF GROSS MISCONDUCT PENALTYThe referee may impose a “Gross Misconduct” penalty on any player, Coach, Trainer or Equipment Manager who is guilty of a gross misconduct of any kind.

Related to DEFINITION OF GROSS

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