question archive Plan for financial management by reviewing the previous financial data provided below and analyse areas of profit and loss
Plan for financial management by reviewing the previous financial data provided below and analyse areas of profit and loss
Subject:ManagementPrice: Bought3
Plan for financial management by reviewing the previous financial data provided below and analyse areas of profit and loss. Please explain how do you manage finances at XYZ Ltd?
|
Total Revenue
|
|
|
$ 1,000,00
|
100%
|
|
|
Less
|
|
Cost of goods sold
|
$
|
435,200 43.5%
|
|
|
|
|
Gross Profit
|
$
|
564,800
|
|
|
58.1%
|
|
||||
|
|
|
|
|
|
|
|
Less
|
|
Expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounting and Legal
|
|
|
|
|
|
|
Fees
|
$
|
|
10,000
|
|
|
|
Advertising
|
$
|
|
14,000
|
|
|
|
Depreciation
|
$
|
|
34,000
|
|
|
|
Electricity
|
$
|
|
2,500
|
|
|
|
Insurance
|
$
|
|
14,220
|
|
|
|
Interest and bank
|
|
|
|
|
|
|
Charges
|
$
|
|
26,300
|
|
|
|
Postage
|
$
|
|
1,200
|
|
|
|
Printing
|
$
|
|
8,500
|
