1. As the Finance Manager of James Ltd you are required to send the projected income statement to all directors prior to 15 May each year. Use the following template to write an email to the directors attaching the projected income statement.

Tip: Ensure your email is dated prior to the required date.

Income Statement Projected Income Statement 18,000 Units 22,000 Units Sales revenue 1,800,000 2,200,000 Less: Variable costs 810,000 990,000 Contribution Margin 990,000 1,210,000 Less Fixed costs 1,100,000 1,100,000 Profit (Loss) before tax 110,000 LOSS 110,000 PROFI