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Question - Fresco's is a small retailer selling food, clothing and household products. It has 500,000 issued shares.
- total sales in the year were £50m
- the company spent £30m on buying goods to sell in the year and 10% of these goods were unsold at the year end
- the company bought new premises during the year costing £50m.
Required - Calculate Fresco's profit for the year and earnings per share. Ignore tax.
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In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
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