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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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