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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

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

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