The highlighted figures above are the answers to the question. Would you be able to tell me how to get these answers and which figures are used for each? Thanks

Section 2: Scenario Multiple Choice Questions. (30 marks, 3 marks each for 10 questions). Instructions: Please read the following scenario in its entirety and then attempt all 10 questions. Attempt all 10 questions in Section 2 of this Document. Half marks will be awarded where the answer given is incorrect but where evidence is provided that the methodology employed was correct. Green Welcome Ltd. A friend of yours is about to graduate and wants to spin out their own business idea from the family hotel business. Your friend worked as an intern with a sustainable consultancy business this summer and this inspired the idea to create a full service sustainable consultancy and installation business for the hospitality sector. The family business will be the first customer in the first quarter and act as a reference for follow-on potential customers, one in each of the other three quarters of year one. Your friend has numerous contacts in the Irish hospitality sector and plans to cold call potential customers. The value proposition to customers is a typical 30% permanent saving on utility units used, including electricity, gas, water and waste, with a 12 month payback, thanks to Enterprise Ireland Green Transition Fund grants that the customer can claim back, plus green credentials to attract sustainability conscious customers. There are three main revenue streams for year one: consultancy services, energy efficiency products, and installation services. Each customer, including the parent family business, will on average be invoiced for 10,000 of consultancy in the first month of engagement, 10,000 of products in the second month and 10,000 of installation services in the third month, all plus Standard rate (SR) VAT. The business then moves on to the next customer. Your friend expects customers to pay 2 months in arrears (e.g. invoice Jan get paid March), and to pay suppliers of all products and services one month in arrears (except for net pay and direct debit payments) by leveraging on the payment record of the parent firm. Your friend will be the sole consultant. Consultancy will be invoiced in full at the start of each job. PTO The average markup for the products is 100% of cost price (i.e. sale price is double cost price). Stock will be purchased in the same month it is sold to the customer. Your friend will train the family hotel in-house maintenance team in installation and thereafter subcontract them from the parent business as necessary to install in customers' premises. Installation will take five working days and the parent business will charge 1000 plus SR VAT per day for the use of the maintenance team and their van, including installation of the family hotel premises in quarter one. The business will pay your friend a gross salary of 30,000 in year one. The business will pay an additional 10% of salary in employer's PRSI. Employee taxes will amount to 20% of gross pay (before employer's PRSI). All employment taxes are paid monthly in arrears. Your friend will spend one third of their time working on directly delivering consultancy services and the remainder managing the business. Specialist computer and installation equipment will be purchased on one month credit terms on 1st January for 6000 plus SR VAT and fully depreciated over 4 years on a straight line basis (equal amounts per year). The business will rent a desk in the parent business office for 100 per month plus SR VAT (30 days credit given). The founder estimates the cost of general expenses invoices to be 500 per month plus SR VAT. Equipment, public, product and employers liability insurance will cost 2050 (VAT exempt), payable monthly in advance by direct debit. An accountant will cost 250 plus SR VAT per quarter, invoiced quarterly in advance. Corporation tax rate is 12.5% and is paid in the following year. Depreciation is not an allowable cost for tax purposes, instead, under current Capital Allowance Rules 12.5% of the ex-VAT cost of the fixed assets can be deducted from pre-tax profits to reflect wear and tear. Assume standard rate VAT is 20% and reduced rate is 10% for convenience. VAT is paid (net of VAT repayable) every two months in arrears. Show net VAT payable (or repayable) in the presentational format of the balance sheet for the first year under Liabilities (or Assets). Based on these assumptions, for the end of the first operational year (Janue to December 2023) calculate: (Each question is worth 3 marks) 1. Total revenues: 120,000 2. The total amount of cost of sales: 51,000 3. Gross margin: 57.5% 4. The total administrative expenses: 33,750 5. Operating profit (Net profit before interest and tax): 35,250 6. Net profit after tax: 30,750 7. Balance for fixed assets account: 4,500 8. The value of current assets: 39,980 9. The value of shareholders' funds: 30,750 10. Balance for cash account: 15,980