1.How do companies fund their business

2.How do companies use their fund

3.Explain Budgeting processes

4.Analyse the below Income Statement and determine the following :

a) Gross Profit Margin

b) Net Income Margin

Net Sales 1,000,000, Cost of sales 450,000, Gross profit 550,000, Selling & admin. Expenses 220,000, Research expenses 25,000, Other expenses 7,000, EBIT 298,000, Interest expense 6,000, EBT 292,000, Provision for income tax 3,000, NET INCOME 289,000