A professional services firm has income of £1,750,000. It incurs salaries of £1.6 million of which 60% is allocated as a cost of sales and the balance as selling and administration. The only other cost charged to cost of sales is travelling of £50,000. Other administration costs are £80,000. Calculate the gross profit and net profit.
Answer to relevant QuestionsBrigand Ltd has 2 million shares issued with a market price of £2.50 each. The company wants to pay a dividend of 60% of its after-tax profits of £1,750,000. The dividend yield would be: d) 21% Using the above information for Monitor Services PLC, the Return on Capital Employed: a) has improved from 40.3% to 56.4% Calculate: • The total job cost and the cost per table • The cost of sales • The value of inventory • The gross profit for the tables that were sold a. If the average selling price is £21, calculate the breakeven point in quantity and money terms and draw a rough sketch of a cost-volume-profit (CVP) graph that shows the relationships between the elements of CVP. b. ...The General Manager has asked for your advice in relation to this disagreement within the management team.
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