Please review the activity 1A question and answer than answer for activity 1B as much as details. No hand written plz

Activity 1A Objective To provide you with an opportunity to review and analyse previous financial data to establish areas which have generated a profit or loss. Question 1: Activity Identify an area of business Explain how you could use different forms of current and present financial data to ascertain whether the department made a profit or a loss. You do not have to use actual figures from your business. The table below indicates as your example of financial data: 2018-2019 2019-2020 Difference on year 0 500,000 500,000 350,000 1,200,000 1,165,000 Budget for expenditure Actual expenditure Difference Projected income Actual income Difference 150,000 800,000 700,000 850,000 1,165,000 50,000 1,000,000 600,000 400,000 200,000 250,000 350,000 Answer:- Our specialty materials are widely used in the global electrical power generation and distribution industries. We believe energy needs and environmental policies and the electrification of developing countries will continue to drive demand for our specialty materials and products for use in this industry over the long term. For electrical power generation, our specialty materials, including corrosion-resistant alloys (CRAS), are used in coal, nuclear, and natural gas applications. In coal-fired plants, our CRAs are used for pipe, tube, and heat exchanger applications in water systems in addition to pollution control scrubbers. Our CRAs are also used in water systems, fuel cladding components, and process equipment for nuclear power plants. (in millions) 2018 2017 Electrical Energy 234.5 192.2 2018-2019 2019-2020 Difference on year 0 400,000 400,000 550,000 1,500,000 950,000 Budget for expenditure Actual expenditure Difference Projected income Actual income Difference 150,000 1,000,000 1,100,000 850,000 950,000 150,000 800,000 500,000 3,00,000 200,000 350,000 450,000 Activity 1B Objective To provide you with an opportunity to undertake research to review reasons for previous profit and loss. Using your answer from the previous activity, explain how you would undertake research to review the reasons for the profit or loss. Activity