What can you improve on this income statement: Turnover 840 000.00 Trading Income Commission - Connected Garden
Question:
What can you improve on this income statement:
Turnover 840 000.00
Trading Income Commission - Connected Garden 420 000,00
Commission - Free Range 82 000,00 Commission -
Macadamia Nut Tree 102 000,00
Commission - Pregnant Cow 192 400,00
Total Trading Income 796 400,00
Gross Profit 796 400,00
Operating Expenses Advertising 82 500,00
Bank Fees 13 200,00
Consulting & Accounting 72 000,00
Entertainment 1 330,00 IT
Costs - Expenses 108 300,00 Legal expenses 23 200,00
Motor Vehicle Expenses 16 617,77
Office Expenses 1 430,00
Printing & Stationery 5 473,26 Rent 28 500,00
Salaries and Wages 182 000,00
Staff Welfare 2 659,41
Telephone & Internet 8 200,00
Travel - National 4 533,82
Total Operating Expenses 549 944,26
Net Profit 246 455,74
Managing Operations Across the Supply Chain
ISBN: 978-0078024030
2nd edition
Authors: Morgan Swink, Steven Melnyk, Bixby Cooper, Janet Hartley