FIN-623 TAXATION-MANAGEMENT ASSIGNMENT # 1 SOLUTION fall 2010
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Less Cost of Sales
Market value of self produced raw material 3,750,000
Raw material purchased 2,250,000
Manufacturing expenses 1,125,000
Gross Profit 7,125,000
Less operating expense 4,125,000
Selling expense 750,000
Administration expenses 1,275,000
Financial expenses 375,000
Net profit from business 1,725,000
Good produced and used as raw material 3,750,000
Less agricultural Expense 1,500,000
Net agricultural income 2,250,000
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