P&l for masks r us ltd, Business Management

Assignment Help:

P&L for Masks R Us Ltd:

a)

 

$

$

Sales ($8 * 15,000)

 

120,000

Cost of Goods Sold:

 

 

Opening stock

9,000

 

Purchases

40,000

 

Less Closing Stock

8,000

 

 

 

41,000

Gross Profit

 

79,000

Less Overhead expenses

 

18,000

Net Profit

 

61,000






b) Gross profit is healthy since it represents around 66% of sales income. Net profit is also healthy, at over 50% of sales returns, because overheads are not important. However, since the P&L account is only a snapshot of the position of Masks-R-Us, no firm conclusions can be made. To make a suitable judgement of the financial position, the firm's cash flow statement, cash flow forecast and balance sheet should be used. In addition, there is a need to benchmark the data, i.e. inter-firm comparisons and historical.

 


Related Discussions:- P&l for masks r us ltd

Explain behavioural segmentation, QUESTION a) Elaborate on three advant...

QUESTION a) Elaborate on three advantages and three disadvantages of online survey. b) One to one marketing is a type of relationship marketing. Explain what is meant by thi

What are the functions of trade unions, What are the functions of Trade Uni...

What are the functions of Trade Unions? The functions of trade unions are as follow: a. The provision of friendly services as like a place for leisure pursuits, information

Loans & compound interest, E-Loan, an online lending service, recently offe...

E-Loan, an online lending service, recently offered 36-month auto loans at 4.2% compounded monthly. If you can afford monthly payments of $411.)) how much can you borrow? And I nee

Discuss the project management knowledge areas, Question: (a) Project ...

Question: (a) Project Integration Management refers to the integration of the nine Knowledge areas and project phases, coordinating project activities to ensure that the proje

2. Identify any one Charismatic leader in an organization, Use the features...

Use the features of Charismatic Leadership to analyse the man or woman.

BSBFIM501A, Hello, I have an assignment I need to complete in the next 6 we...

Hello, I have an assignment I need to complete in the next 6 weeks and want to know how your service works? It is 1 of 2 modules I require to complete my studies. Can you please a

Business finance, Approaches to short-term financing problem?

Approaches to short-term financing problem?

Importance of demand forecasting, 1.Determination to enter a new territorie...

1.Determination to enter a new territories. 2.To decide to enter a new market or not. 3.To determine how much production capacity to be builds up. 4. Helpful in deciding t

USA Civil Law versus Criminal Law, What is the difference between Criminal ...

What is the difference between Criminal and Civil Law? Provide a real-world example of a dispute that would classified as civil law and one that could be classified as criminal la

Describe the stages of group formation, Question: XYZ is a small organi...

Question: XYZ is a small organization producing. canned Tuna fish.Work is allocated into teams of 6 to 8 people. Some groups specialize in canning, some in design, some in mar

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd