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 the major aspects of the hawthorne experiment, Question 1: ‘Man...

Question 1: ‘Management by Objectives (MBO) can be used by managers to plan, control, coordinate as well as motivate'. a. Show the main characteristics of an MBO programme.

The Management process (Information & decision Making), Q.1. Discuss how in...

Q.1. Discuss how information technology affects and change organizations. Q.2. How do managers use information to make decisions?

Briefly describe the concept of sustainable development, Question: a) ...

Question: a) Briefly describe the concept of sustainable development. b) Briefly discuss the mandate of the Environment coordination committee set up under the Environment

Both opportunities and threats for each demographic, There should be consid...

There should be consideration of both opportunities and threats for maximum marks in each case. Award up to 3 marks for each demographic consideration. Examples of possible issues

How does organisational culture develop, Question 1: (a) How does organ...

Question 1: (a) How does organisational culture develop? (b) What are the functions of an organisational culture? (c) What are its drawbacks? Question 2: (a) What are t

Benefit from a mobility strategy, Your sales department just requested CIO ...

Your sales department just requested CIO approval  for a best-of-breed mobility solution for their sales account executives and sales management. Since your company does not yet ha

Two of your key team members are on 3-weeks leave, You are a team manager h...

You are a team manager having 15 members in your team. Two of your key team members are on 3-weeks leave. You have to call for a monthly  team meeting within a week. How effectivel

Define ‘learning''. describe various learning theories, Question 1 Explain...

Question 1 Explain the importance of studying Organisation Behaviour Question 2 Define ‘learning'. Describe various learning theories Question 3 Describe the personality

Successful implementation of each of the information systems, QUESTION ...

QUESTION The Sengapa Garments Ltd (SG Ltd) is a company engaged in the manufacture of T-Shirt and allied textile products for the local market and for exports. SG Ltd is still

You are contracted to provide an assessment and reco, how much will be the ...

how much will be the cost for 3000 words deadline in 9th june

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