What recommendations can be given based on the following Income Statement to improve the financial performance? (please elaborate)

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Commission Income on Sales Less Expenses Commission Expenses Commission on Refund Shipment Charges Staff Discount Call Center Charges Temporary Staff Cost Fuel Company Car Hire Charges Depreciation On Furniture And Fixtures Depreciation On Office Equipment Stationery and Office Supply Refreshments Other Office Services and Supplies Support -Outsourced Marketing Expenses Bank Charges Total Expenses Net Income / (loss) 1,925,000.00 350.000.00 1,000,000.00 60,000.00 500,000.00 700,000.00 5,000.00 3,500.00 400.00 600.00 30,000.00 4,000.00 4,000.00 700,000.00 2,500,000.00 50,000.00 10,500,000.00 7,832,500.00 2,667,500.00 Commission Income on Sales Less Expenses Commission Expenses Commission on Refund Shipment Charges Staff Discount Call Center Charges Temporary Staff Cost Fuel Company Car Hire Charges Depreciation On Furniture And Fixtures Depreciation On Office Equipment Stationery and Office Supply Refreshments Other Office Services and Supplies Support -Outsourced Marketing Expenses Bank Charges Total Expenses Net Income / (loss) 1,925,000.00 350.000.00 1,000,000.00 60,000.00 500,000.00 700,000.00 5,000.00 3,500.00 400.00 600.00 30,000.00 4,000.00 4,000.00 700,000.00 2,500,000.00 50,000.00 10,500,000.00 7,832,500.00 2,667,500.00

Answer rating: 100% (QA)

ANSWER The income statement presents information on the financial results of a companys business act... View the full answer