1. ABC Corporation has sales for the period of $3500,000 with a cost of goods sold of $900,000 and administration costs of $400,000.

The depreciation charge is $400,000 and the interest paid is $500,000.

Calculate:

Cash Flow

Gross Profit

Net Profit

Operating Profit

Profitability Ratios

2.2.After completion of a meeting with each of the department managers for Roberto and sons, the below various results about the 2018 were extracted:

Financial Planning

Fees are earned from 1450 clients paying on average,$750 per annum

Department manager is paid a $141720 wage that is charged directly to the department.

Each of the three client liaison officers are paid $77450 per annum

Business Acquisition

Fees earned from 20 acquisitions paying on average $ 42000 per acquisition.

Department manager is paid a $145000 wage that is charged directly to the department.

The business brokers are paid 20% commission on fees earned.

Book Keeping Services

Fees earned from 359 clients paying on an average$200 per months.

Department manager is paid a $141720 wage that is charged directly to the department.

Direct wages for the department is made up of the business brokers being paid 25% commission on fees earned.

Required: Calculate the Departmental Revenue and Profit.

S.no Particulars Amount Details $ Total Amount $

1 Financial Planning

Revenue

Less Expenses

Profit

2 Business Acquisition

Revenue

Less Expenses

Profit

3 Book Keeping Services

Revenue

Less Expenses

Profit

Total Profit

Total Revenue

3.Below is the extract of financial information from ABC Manufacturing Pty Ltd for the year 2018.

Cash balance, end of 2017 42250

Cash Received from customers 220500

Cash received as Interest 6300

Cash Paid as Income Tax 11550

Cash Paid to employees 157500

Cash Paid to Supplier 50000

Cash Received from sale of land 168000

Cash paid to purchase equipment 94500

Cash received from sale of furniture 150000

Cash paid for Purchase of Machinery 210000

Cash received from issue of Bond 31500

Dividend paid 16800

Cash paid to acquire treasury stocks 10500

Cash balance, beginning of 2018 16800

Required: Prepare Cash Flow Statement for ABC Manufacturing Pty Ltd using the Direct Method.

S.No Cash Flow Statement Direct Method

Particulars Amount Details$ Total Amount$

1 Cash Flow from Operating Activities

Net Cash Inflow from Operating Activities

2. Cash Flow from Investing Activities

Net Cash Inflow from Investing Activities

3. Cash Flow from Financing Activities

Net Cash Inflow from Financing Activities

Net Changes in Cash Flow

Add: Cash balance, beginning of 2017

Cash balance, end of 2018