Hello, if you have any need, please feel free to consult us, this is my wechat: wx91due
BUSINESS 114 – Accounting for Decision Making
Assignment 03
SEMESTER ONE, 2024
Due date: 4 pm (NZT) Friday 4 October 2024
Question 1: Business Transactions (22 marks)
(a) Partially Completed Worksheet for Sunny Sands Ltd for August 2024 (9 marks)
|
|
Cash |
Accounts Receivable |
Inventory |
Equipment |
Accounts Payable |
Bank Loan |
Unearned Revenue |
Capital |
Revenue |
Expense |
Impact on Cash Flow |
|
Open Bal |
$30,000 |
$5,600 |
$47,500 |
$25,200 |
$9,100 |
$39,000 |
|
$60,200 |
|
|
|
|
(i) |
-$4,000 |
|
$7,000 |
|
|
|
|
|
|
|
Operating Outflow |
|
(ii) |
$1,500 |
|
|
|
|
|
|
|
|
|
|
|
(iii) |
-$1,500 |
|
|
|
|
|
|
|
|
|
Operating Outflow |
|
(iv) |
-$3,000 |
|
|
|
|
|
|
|
|
|
|
|
(v) |
|
|
|
|
|
|
|
|
|
-$4,500 |
Operating Outflow |
|
(vi) |
$55,000 |
|
|
|
|
|
|
|
$80,000 |
|
Operating Inflow |
|
|
|
|
|
|
|
|
|
|
|
-$48,000 |
|
|
(vii) |
-$19,800 |
|
|
|
|
|
|
|
|
|
|
|
(viii) |
|
|
|
|
|
|
|
|
|
|
|
|
(ix) |
|
|
|
|
|
|
|
|
|
|
|
|
End Bal |
|
|
|
|
|
|
|
|
|
|
|
(b) Income Statement (4 marks)
(c) Balance Sheet (Vertical Method) (9 marks)
Question 2 - Transaction Analysis and Financial Accounting (19 marks)
(a)(i) Deposit on 1st May 2024 (3 marks)
|
Balance sheet |
|
|
Income statement |
|
|
Cash flow statement |
|
(a)(ii) Remaining balance on 5th June 2024 (3 marks)
|
Balance sheet |
|
|
Income statement |
|
|
Cash flow statement |
|
(b) Service delivered on 15th June 2024 (3 marks)
|
Balance sheet |
|
|
Income statement |
|
|
Cash flow statement |
|
(c) Ethical considerations (4 marks, max 200 words):
(d)(i) Equipment purchased on 20th June 2024 (3 marks)
|
Balance sheet |
|
|
Income statement |
|
|
Cash flow statement |
|
(d)(ii) Financial implications (3 marks, max 150 words):
Question 3: Financial Statement Analysis (19 marks)
(a) Ratios (9 marks)
|
|
Company |
Industry |
|
Telstra Group Limited |
|
|
|
ROE |
|
50% |
|
Profit Margin |
|
18% |
|
Current Ratio |
|
1.1 |
|
Debt Ratio |
|
55% |
|
Wesfarmers Limited |
|
|
|
ROE |
|
25% |
|
Profit Margin |
|
10% |
|
Current Ratio |
|
1.4 |
|
Debt Ratio |
|
50% |
|
Quantas Airways Limited |
|
|
|
ROE |
|
4% |
|
Profit Margin |
|
12% |
|
Current Ratio |
|
1.2 |
|
Debt Ratio |
|
40% |