Assignment Task
Question
The data below is that of Osborne Ltd, a small UK manufacturing organisation
- This year
- Actual
- Last Year
- Actual
- This year
- Budget
- £ £ £
- Sales 187,500 185,000 192,500
- Cost of sales (91,875) (88,800) (96,250)
- Gross profit 95,625 96,200 96,250
- Gross profit margin: 51.00R.00P.00%
- With reference to the data provided, which ONE of the following statements is TRUE?
Task
a. The actual sales value for this year is higher than that expected for this year but less than the actual sales value for last year
b. The actual gross profit margin for this year is higher than that expected for this year but less than the actual gross profit margin achieved last year
c. The budget for this year indicated a small increase in profits compared to last year’s actual results and this target was achieved
d. The value for cost of sales (budgeted and actual) is always greater than (or equal to) 50% for the sales value
This Accounting Assignment has been solved by our Accounting Experts at TVAssignmentHelp. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.