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Calculating profits L Rodrigues buys second-hand computers, updates and cleans them and then sells them in his small shop. He has many customers who are

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Calculating profits L Rodrigues buys second-hand computers, updates and cleans them and then sells them in his small shop. He has many customers who are keen to buy computers at prices below those charged for new machines. Rodrigues took out a bank loan - he has since repaid half of this loan. m He employs three electricians to help him with the computer work. He is the main shareholder in the business - three of his friends also invested in the company when it was first set up. Profit and loss account for Rodrigues Traders Ltd for the year ending 31 October 2008 inf Sales turnover (4,000 items (@ $3 cach) $12,000 Cost of goods sold ((a) $1 per item) $4,000 Gross profit U Overheads DDD'ES Operating profit (net profit) V Interest 1,000 Profit before tax Corporation tax (@ 20% 800 Profit after tax Y Dividends paid 1,200 Retained profit Z 1. Calculate the missing values U - Z for the different types of profit for Rodrigues Traders. (5) 2. State three stakeholders in this business who would be interested in these profit figures. (3) 3.For each stakeholder group identified, explain why the profits of this business are important. (9)

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