1. 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