Professional Documents
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FIN1161 - Introduction To Finance For Business - Report 1-Case Scenario Briefs - 2023-24
FIN1161 - Introduction To Finance For Business - Report 1-Case Scenario Briefs - 2023-24
FIN1161 - Introduction To Finance For Business - Report 1-Case Scenario Briefs - 2023-24
and questions
Special for You Clothing – Profit & Loss Statement for the month ending
March 31 March 2023
£ £
Revenue - Sales of 100 T-shirts 4,000
Cost of Sales:
Purchase during March- 500 T-shirts 5,000
Less closing inventory as of 31/03/2023 - (500-
100) 400 T-shirts -4,000
Cost of Sales: 100 T-shirts 1,000
Gross Profit 3,000
Expenses
Store Rental 7,500
Mobile Phone Contract Rental 100
Electricity 600
Store insurance 560
Sales entertaining 125
Marketing 3,000
11,885
Loss for March 31st, 2023 -8,885
Current Assets
Bank Account 3,115
Accounts Receivable 2,000
Closing Inventory 4,000
9,115
29,115
Please use at least 3 but no more than 5 reference sources in your answer.
References
Note to student: Please include all references in the Harvard format. Do not only use textbooks but
use journal articles to support your work. The format for the Harvard style is: