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(a) Prepare a departmental trading and profit and loss account for the year ended 31/12/2016. (b) What recommendations would you make as manager of the Byrne family’s firm based on the prepared accounts? (Note: Retail shopping space is renting for €35 pe
(2017)
The following figures have been taken from the final accounts of JB plc, a health food manufacturer, for the year ended 31/12/2016.
(a) Prepare a statement of the company’s reserves (profit and loss balance) on 01/01/2016. (b) Calculate the profit/loss from the shop for the year ended 31/12/2016. Show workings.(c) Prepare a profit and loss account for the year ended 31/12/2016.(d) P
Record on a tabular statement the effect each of the above transactions had on the relevant asset and liability and ascertain the total assets and liabilities on 31/12/2016.
(a) Calculate the variable and fixed elements of factory overheads using the high/low method. (b) Calculate the company’s break–even point and margin of safety. (c) Calculate the number of units that must be sold at €25 per unit to provide a profit of 10%
