coc coc S Manage organisational fi X Paraphrasing Tool - Quill X * BSBFIN601 AT2 - Manag X @ Search Results for "who i x @ (88) Noi buon me toi - H X & how to sceen shot - Tim X @ how to screenshot in pc X |+ LQ S.. X C 8 salfordcollege-Im.assessapp.com/assessment_records/19208332/edit?actioned=save_record&tab_num=1 S |Manage organisational finances AT2 In Progress . Attempt 4 - Due 14/05/2023 23:29 Ly Tuong Phan C6 05 N This assessment requires you to determine the requirements to undertake budgeting, financial forecasting and reporting requirements for an organisation. You will also need to review the case study provided and prepare a budget (in electronic spreadsheet format) and budget notes for distribution and implementation in the organisation. + Q1. Read the case study in Appendix 1: Case Study & review the following information: f Business Plan Summary . Previous financial data including sales budget, profit budget, profit and loss statements, cash flow trends, and debtor ageing summary Write notes on the key findings that you made (150 words) . Ensure you assess reasons for profit or losses from previous financial years . Also Provide a Gantt chart or Flow Chart that outlines critical dates and initiatives that contribute to the budgeting process (must line up with Business Plan) W Appendix-1_Case-Study.docx W Business_PlanV/2.docx Upload your Gantt Chart W Business_Plan_Template_updated_v2.docx 20/01/2023 14:19 Chon tep Chua co tep nao duoc chon None Satisfactory Not Satisfactory Previous 2/4 Next Save Submit Type here to search O V Of Manage organisation. BlueStacks App Pla.. w Business_Plan_Tem. 1:50 AM ENG 14/05/2023 6AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X Appendix 1: Case study - Houzit Pty Ltd You have recently been appointed as the business manager of Houzit Pty Ltd having been a store manager for the past three years. Houzit Pty Ltd is a 15-store retail chain located in Brisbane. Houzit is the leading homewares retailer, catering to the growing need for furnishing new and renovated dwellings in the greater Brisbane area The assortment on offer of bathroom fittings, bedroom fittings, mirrors and decorative items together with the recently added lighting fixtures has positioned Houzit as a leader in homewares retailing in Australia. Houzit has grown over the past five years from a single store to the current chain. Houzit prides itself on superior after sales service which has been a key reason for the continued growth in sales and corresponding profit increases. Today Houzit employs over 150 staff Houzit Pty Ltd is a proprietary limited company (ACN 34 765 234 02) registered with the Australian Securities and Investment Commission. The registered address is with Houzit's solicitors (Langs Lawyers, 535 Queen Street, Brisbane, QLD 4000) and the principle place of business is 505 Boundary Street Spring Hill Brisbane QLD 4000. Computer software requirement The current accounting information system has not adequately provided sufficient analysis of revenue and expenditure and has made it difficult to make informed estimates of future profits. Estimates have relied on the 'gut feel' of the experienced traders on the board and of the senior managers. The board sees the need to apply more analysis to past results that they believe could be done with the introduction of state-of-the-art computer software. Houzit Pty Ltd wants to upgrade their existing accounting system which will manage the company accounts more efficiently in the long run. They request that the new system you recommend to them to be compliant with all legislative and statutory requirements for small to medium businesses. None of Houzit's products are GST free however the accounting information system records the GST collected as well as the input tax credits earned on the purchases of stock and assets. These amounts are reported and paid in accordance with the business activity statement (BAS) schedule determined by the Australian Tax Office. They have 100 fulltime and 50 part-time staff, but only 10 of the staff will have or need access to the financial system. Some staff are paid on a salary sacrifice arrangement that attracts fringe benefits tax. The staff with access to the financial system want software that is a single purchase with no ongoing license fees, and a plan to keep using if for the next 3-5 years, while the organisation continues to grow. They are anticipating that within five years they will have over 250 full-time staff, and at least 20 staff will require access to the financial system by then. Page 1 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - . BlueStacks App Pla. w Appendix-1_Case-S.. 2:14 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X The payroll system deducts withholding tax from the employees and remits this along with the firm's pay as you go (PAYG) instalment each quarter as reported on the firm's business activity statement. Income tax return for the company and its annual statement s completed by the firm's accountant. Taxes and fees due are paid by the due dates. Financial records are kept at Houzit's principle place of business Houzit have just upgraded their computers and have five new desktop PCs which will be used by the finance staff. They are current (for 2011) specification machines with i5 CPUS and 4Gb RAM each, and all have Windows 7 Professional and Norton's 360 installed with the professional version of Microsoft Office Small Business as well. Other staff will use their machines at various times, so it is important that the software requires a login to access data and that data stored by the software cannot be accessed in any other way. Corporate details Board members CEO Accountant Stores Business manager manager Accounts receivable Accounts payable Jim Schneider, the CEO, has asked you to prepare some financial budgets for the 2011/12 financial year as a preliminary overview of the financial year ahead. He asked you to first prepare a 12 months budget and then break it up over the four quarters. The areas he is particularly interested in seeing is: 1. Sales budget for 2011/12 by department by quarter. 2. Profit budget (including detailed expenses) for 2011/12 by quarter. 3. The cash flow result per quarter of the GST after adjusting the GST collected by the allowable GST tax credits. 4. The anticipated aged debtors summary at the end of each quarter. The CEO wants to be given all the budgets except for the aged debtors budget which the Page 2 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla.. w Appendix-1_Case-S. 2:15 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X Business plan summary 1. The anticipation that the coming financial year would maintain the same sales growth as the growth that took place between 2007/08 to 2010/11. 2. To budget for an increase in inflation to 4% per annum and that all costs subject to inflation should incorporate this particular increase. 3. A new car costing $97,466 including GST has been planned for in the coming period to replace the five year old vehicle currently used by the chairman. This fuel inefficient car will attract a luxury car tax. 4. Sales breakup over the departments is anticipated to be bathroom fittings 30%, bedroom fittings 25%, mirrors 15% and decorative items 10% together with the recently added lighting fixtures 20%. 5. Profits are to be built on securing a growing customer base which will generate loyalty sales and become the refer other customers to the organisation. The superior after-sales service is the key strategy to achieve this 6. Reduction on the principle of the loan by a payment of $100,000 on the 31 December 2011 from the profits generated by the business. 7. One objective in this plan is to manage the debtors more efficiently in the current period. This will involve an analysis of the debtors to identify ways to reduce the amount of cash tied up in outstanding debtors. 8. The expectation that 2011/12 would be a difficult trading year but that the budget net profit should target the same result as achieved in the 2010/11. The strategy to achieve this in the business plan included three key elements a. To reduce the expected gross profit rate by 1% on the 2010/11 result In the hope that lower prices on the products would help maintain the sales growth even in difficult trading conditions. b. To increase the advertising budget by $70,000 over the 2010/11 results in the hope that Houzit can secure a greater market share in a constricting market. $200,000 is planned for the first quarter with the balance apportioned equally over the following three quarters c. To increase wages and salaries by $172,500 over the 2010/11 amounts in the hope that allowing the existing high number of casual staff to earn commissions on sales that should help to maintain Houzit's sales growth. Page 3 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla... w Appendix-1_Case-S. 2:15 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Search Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X After going through the business plan summary, the CEO gave you the previous year's financial reports and asked you to speak with the accountant Celina Patel to get some of the figures and detailed expectations for the coming year. You arrange a meeting with Celina Patel, Houzit's accountant, and she gives you the following insight into the historical expense relationships and the current statutory compliance liabilities Sales and profit budget information Celina explained that the only budget she monitors on a day-to-day basis is the cash flow budget and the store manager is primarily responsible for the sales budget. These are the notes you take at the meeting: . The overall sales for 2011/12 target set by the business plan should be apportioned across the quarters in the same % as was achieved in 2010/11. This was: Qtr 1 Qtr 2 Qtr 3 Qtr 4 2010/11 3,142,822 3,771,386 4,085,668 4,714,232 15,714,108 Cost of goods sold is the inverse of the gross profit rate determined by the business plan and is determined by the quarterly sales budget . Accounting fees have been negotiated for the year at a fixed amount of $10,000 to be paid in equal amounts each quarter. The interest charges on the bank loan are anticipated at a reduced amount of $84,508 due to an agreed repayment of some of the loan principal. This is to be paid in equal amounts each quarter . Bank charges are expected to be the same as 2011 and paid in equal amounts each quarter. Celina has requested that a new expense (store supplies) be recognised in the new budget that was previously included in with the cleaning expense amounts. Store supplies in the 2009/10 results was $3,500 of the cleaning expense and $3,605 of the 2010/11 result. Cleaning expense will then be lower but identify the real labour costs involved in the cleaning expense . Depreciation is expected to be the same as 2011 and allocated in equal amounts each quarter. . Advertising is to be apportioned to each quarter based on the business plan. . The following expenses are expected to increase by the determined inflation rate in the business plan summary. Insurance - apportioned in equal amounts each quarter o Store supplies - is calculated for to each quarter using the same % as determined by the sales for each quarter. planning in anloulated for Page 4 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla.. w Appendix-1_Case-S.. 2:15 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Search Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X 4. The anticipated aged debtors summary at the end of ea The CEO wants to be given all the budgets except for the aged debtors budget which the accountant and accounts receivable clerk can monitor. The CEO produced a summary of the current business plan that covered the budget year to highlight some of the key goals, objectives and strategies he would like incorporated into the budget. Business plan summary 1. The anticipation that the coming financial year would maintain the same sales growth as the growth that took place between 2007/08 to 2010/11. 2. To budget for an increase in inflation to 4% per annum and that all costs subject to inflation should incorporate this particular increase. 3. A new car costing $97,466 including GST has been planned for in the coming period to replace the five year old vehicle currently used by the chairman. This fuel inefficient car will attract a luxury car tax. 4. Sales breakup over the departments is anticipated to be bathroom fittings 30%, bedroom fittings 25%, mirrors 15% and decorative items 10% together with the recently added lighting fixtures 20%. 5. Profits are to be built on securing a growing customer base which will generate loyalty sales and become the refer other customers to the organisation. The superior after-sales service is the key strategy to achieve this. 6. Reduction on the principle of the loan by a payment of $100,000 on the 31 December 2011 from the profits generated by the business. 7. One objective in this plan is to manage the debtors more efficiently in the current period. This will involve an analysis of the debtors to identify ways to reduce the amount of cash tied up in outstanding debtors. 8. The expectation that 2011/12 would be a difficult trading year but that the budget net profit should target the same result as achieved in the 2010/11 The strategy to achieve this in the business plan included three key elements: a. To reduce the expected gross profit rate by 1% on the 2010/11 result in the hope that lower prices on the products would help maintain the caloc drowth oven in difficult trading conditions Page 2 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla.. w Appendix-1_Case-S. 2:15 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X sales growth even in difficult trading conditions. b. To increase the advertising budget by $70,000 over the 2010/11 results in the hope that Houzit can secure a greater market share in a constricting market. $200,000 is planned for the first quarter with the balance apportioned equally over the following three quarters c. To increase wages and salaries by $172,500 over the 2010/11 amounts in the hope that allowing the existing high number of casual staff to earn commissions on sales that should help to maintain Houzit's sales growth. After going through the business plan summary, the CEO gave you the previous year's financial reports and asked you to speak with the accountant Celina Patel to get some of the figures and detailed expectations for the coming year. You arrange a meeting with Celina Patel, Houzit's accountant, and she gives you the following insight into the historical expense relationships and the current statutory compliance liabilities. Sales and profit budget information Celina explained that the only budget she monitors on a day-to-day basis is the cash flow budget and the store manager is primarily responsible for the sales budget. These are the notes you take at the meeting: . The overall sales for 2011/12 target set by the business plan should be apportioned across the quarters in the same % as was achieved in 2010/11. This was: Qtr 1 tr 2 Otr 3 Otr 4 2010/11 3,142,822 3,771,386 4,085,668 4,714,232 15,714,108 Page 4 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla. w Appendix-1_Case-S. 2:15 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan L X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X This was Qtr 1 Qtr 2 Qtr 3 Otr 4 2010/11 3,142,822 3,771,386 4,085,668 4,714,232 15,714,108 Cost of goods sold is the inverse of the gross profit rate determined by the business plan and is determined by the quarterly sales budget . Accounting fees have been negotiated for the year at a fixed amount of $10,000 to be paid in equal amounts each quarter. . The interest charges on the bank loan are anticipated at a reduced amount of $84,508 due to an agreed repayment of some of the loan principal. This is to be paid in equal amounts each quarter. . Bank charges are expected to be the same as 2011 and paid in equal amounts each quarter. . Celina has requested that a new expense (store supplies) be recognised in the new budget that was previously included in with the cleaning expense amounts. Store supplies in the 2009/10 results was $3,500 of the cleaning expense and $3,605 of the 2010/11 result. Cleaning expense will then be lower but identify the real labour costs involved in the cleaning expense . Depreciation is expected to be the same as 2011 and allocated in equal amounts each quarter. . Advertising is to be apportioned to each quarter based on the business plan. The following expenses are expected to increase by the determined inflation rate in the business plan summary. Insurance - apportioned in equal amounts each quarter. Store supplies - is calculated for to each quarter using the same % as determined by the sales for each quarter. Cleaning - is calculated for each quarter using the same % as determined by the sales for each quarter. Repairs and maintenance - apportioned in equal amounts each quarter. Rent - apportioned in equal amounts each quarter. . Telephone - is calculated for to each quarter using the same % as Page 4 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - . BlueStacks App Pla.. w Appendix-1_Case-S. 2:15 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan L X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X Repairs and maintenance - apportioned in equal amounts each quarter. Rent - apportioned in equal amounts each quarter. o Telephone - is calculated for to each quarter using the same % as determined by the sales for each quarter. o Electricity - is calculated for to each quarter using the same % as determined by the sales for each quarter. . Fringe benefits tax is expected to be the same as 2011 and paid in equal amounts each quarter. . Wages and salaries are calculated for each quarter using the same % as determined by the sales for each quarter. . The statutory requirements are: superannuateon is 9.5% of wages and salaries for each quarter o payroll tax is 4.75% of wages and salaries for each quarter o workers compensation is 2% of wages and salaries for each quarter o company tax is 30% of net profit before tax for each quarter. o LCT tax is 33%. LCT threshold for fuel efficient cars is $77 565 and for non- fuel efficient cars is $68 740. Page 5 of 10 2324 words Text Predictions: On Focus - + 100% File Explorer 2:15 AM Type here to search Of Homework Help - .. BlueStacks App Pla... w Appendix-1_Case-S. ENG 14/05/2023Ly Tuong Phan L X AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Comments & Viewing Share File Home Insert Draw Design Layout References Mailings Review View Help X 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing Houzit Pty Ltd For 12 months ended Profit & Loss Actuals 2007/08 2008/09 2009/10 2010/11 Revenue Sales 12,474,336 13,472,315 14,550,100 15,714,108 - Cost Of Goods Sold 6,860,901 7,409,773 8,002,55 8,799,900 Gross Profit 5,613,465 6,062,542 6,547,545 6,914,208 Expenses - Accounting Fees 5,500 6,500 8,500 9,000 - Interest Expense 45,000 65,000 96,508 30,508 - Bank Charges ,200 1,300 1,580 1,600 - Depreciation 170,000 170,000 170,000 170,000 - Insurance 12,50 12,500 12,500 12,875 - Store Supplies - Advertising 50,000 100,000 280,000 280,000 - Cleaning 12,560 15,652 18,700 19,261 - Repairs & Maintenance 40,250 52,600 60,00 61,800 Rent 2,465,000 2,465,000 2,465,000 2,538,950 Telephone 9.862 12,523 14,000 14.420 - Electricity Expense 22,50 23,658 25,00 25,750 - Luxury Car Tax 12,400 - Fringe Benefits Tax 26,00 26,00 26,000 28,000 - Superannuateon 148,500 160,737 166,500 171,495 - Wages & Salaries 1,649,998 1,785,965 1,850,000 1,905,500 - Payroll Tax 78,375 84,833 37,875 90,511 - Workers' Compensation 33,00 35,71 37.00 8,110 Total Expenses 4,770,245 5,017,987 5,331,563 5,457,780 Net Profit (Before Tax) 343,22 ,044,554 ,215,982 ,456,428 Income Tax 252,96 313,366 364,795 136,928 Net Profit $90,254 731,188 351,188 1,019,499 Focus - + 100% Page 6 of 10 2324 words Text Predictions: On 2:15 AM ENG File Explorer Of Homework Help - .. 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Enable Editing X Houzit Pty Ltd Statement of Financial Position As at 30 June 2009/10 2010/11 Assets Current Assets - Cash On Hand 50,000 55,000 - Cheque Account 144,842 160,314 - Deposits Paid 950,000 950,000 - Trade Debtors 850,000 975,000 - Merchandise Inventory 1,530,000 1,430,000 Total Current Assets Fixed Assets - Motor Vehicles At Cost 500,000 500,000 - Motor Vehicles Accum Dep ( 100,000 ) ( 125,000 ) - Furniture & Fixtures At Cost 1,950,000 2,250,000 - Furniture & Fixtures Accum Dep ( 650,000 ) ( 770,000 ) - Office Equip At Cost 400,000 400,000 - Office Equip Accum Dep (90,000 ) ( 115,000 ) Total Fixed Assets 2,010,000 2,140,000 Total Assets 5,534,842 ,710,314 Liabilities Current Liabilities - MasterCard 17,800 14,860 - Trade Creditors 780,000 679,000 - GST Collected 1,455,010 1,571,411 - GST Paid (943,125) (987,626 ) - Superannuateon Payable 100,000 120,000 - Luxury Car Tax Payable 20,920 - income Tax Payable 364,795 436,928 - PAYG Withholding Payable 65,000 44,872 Total Current Liabilities 1,860,400 1,879,445 Long-Term Liabilities - Bank Loans 1,608,459 1,508,459 Total Liabilities 3,468,859 3,387,904 Equity Owner/Shareholder's Equity 500,000 500,000 - Retained Earnings 850,000 1,565,982 - Dividends Paid ( 500,000 ) (1,200,000 ) Current Year Earnings 1,215,982 1,456,428 Page 7 of 10 2324 words Text Predictions: On Focus - + 100% Of Homework Help - . BlueStacks App Pla.. w Appendix-1_Case-S. 2:15 AM Type here to search File Explorer ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X Total Equity 2,065,982 2,322,410 Internal auditor Carl Kerns is one of the directors of the board. Carl said that as a board member they are given the profit and cash flow budgets. He was appointed by the board to conduct an internal audit of operations to look for weaknesses in the internal control system. His report uncovered the following processes that he believed needed to be strengthened. . While the overall customer base is increasing from year to year, there may be internal control issues relating to how these new customers are secured. Some discounts that were being given to customers were recorded as a net amount on the invoices and gave no indication of the discount from standard prices. . Some cash registers in the stores were not reconciling the cash in drawer with the register printout. . Not all timesheet overtime amounts were being authorised by the line manager. Service invoices for some items of equipment were not signed or linked to a purchase order. There was no check that the work had actually been carried out. . Not all assets in the stores had unique codes fixed to the asset. There was minimal feedback lines of communication from the shop floor to head office, particularly when an error in the budgeting report process was recognised. Debtor reconciliations were not done monthly and sometimes not at all. . In busy times the cashiers that operated the registers were also asked to do their own reconciliations and banking. Sometimes the cash was held in the store for a day or two. . Job roles were not clearly defined so that responsibilities and liability can be identified. . There was little rostering of duties and cash receipts were not pre-numbered. Of particular concern to Carl was the directive given by the board to ensure that audit trails were created and maintained. These included: Signing the timesheets for employees under the authority of a department manager. . Maintenance of a numbered cash receipts book. Page 7 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - . BlueStacks App Pla.. w Appendix-1_Case-S. 2:16 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X trails were created and maintained. These included: . Signing the timesheets for employees under the authority of a department manager. . Maintenance of a numbered cash receipts book . Using sequenced cheques as a systematic way of evidenceng all monies paid out. Ensuring proper coding of evidenced transactions against appropriate general ledger account and cost centre . Ensuring reconciliations between company books and third-party bank statements are performed. Establishing procedures including pre-authorisation and checking mechanisms for work-related meal expenses. GST cash flow budget Statutory requirements for GST is 10% of the recorded amounts in sales. The only capital purchase planned for the year is the luxury car for the chairman. Those expense payments on which 10% GST was paid include the following: . Cost of goods sold: o accounting fees o insurance o store supplies o advertising o cleaning repairs and maintenance o rent o telephone o electricity expense Page 8 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla.. w Appendix-1_Case-S. 2:16 AM ENG 14/05/2023AutoSave (. Off) H 9 0) Appendix-1_Case-Study (2) - Protected View . Saved to this PC v Ly Tuong Phan X File Home Insert Draw Design Layout References Mailings Review View Help Comments & Viewing Share 1 PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing X o electricity expense. The GST amount payable each quarter is the difference between the GST collected from d the GST paid - format as per policy and procedures. CASH FLOW ANALYSIS - GST 2011/12 Qtr 1 Qtr 2 Qtr 3 Qtr 4 GST Collected XXXX XXXX XXXX X,xxx xxxx Less GST Paid XXXX Xxxx X XXX XXXX X,XXX GST Payable Calculation Calculation Calculation Calculation Calculation Debtors ageing budget The historical records show that the debtors balance at the end of each quarter is usually about 20% of the quarter's sales. At any time in the debtors balances 1% of the total debtors is overdue 90 days and over, 5% is 60 days overdue, 10% is 30 days overdue and the balance of the total debtors is current. The aged debtors' budgets are only distributed to the accountant and the accounts receivable clerk. Page 9 of 10 2324 words Text Predictions: On Focus - + 100% Type here to search File Explorer Of Homework Help - .. BlueStacks App Pla. w Appendix-1_Case-S. 2:16 AM ENG 14/05/2023AutoSave . Off) Business_Plan_Template_updated_v2 . Saved to this PC Ly Tuong Phan LT X File Home Insert Draw Design Layout References Mailings Review View Help Comments Editing 15 Share X Cut Arial 12 ~ A" A Aa Ap Find ~ AaBbCcDd AaBbCc/ AaBb( AaBbC AaBbCc AaBbCc AaBbCcI AABBCC AABB( AaBbCcI AaBbCcl AaBbCc] Paste [A Copy Gc Replace B I U ~ ab x x A LA. 1 Caption Emphasis Heading 1 1 Heading 2 1 Heading 3 Heading 4 1 Normal 1 Subtitle 1 Title 1 No Spac... Subtle Em... Intense E... Dictate Editor Reuse Format Painter Select Files Clipboard Font Paragraph Styles Editing Voice Editor | Reuse Files This document is Business Plan Template. This document is Business Plan Template. It is part of the supporting resources for Assessment Task 2 of BSBMGT617. It is part of the supporting re sources for Assessment Task 2 of BSBMGT617. Executive Summary Legislation/Regulations Provide an overview of the business as per the scenario information e q where it is located, when it was Identifying any permits or licences that are required for new clearing services. established, and key services offered. Supplier relationships Mission dentifying suppliers of environmentally friendly cleaning products that can provide EAT Catering with Provide a mission statement based on an analysis of the scenario information, operational plan and products. Identify at least three options, including the supplier contact details and summary of products discussion at the meeting. offered. E-A-T Catering Vision Situation Analysis Provide a vision statement based on an analysis of the scenario information, operational plan and Include a SWOT analysis here discussion at the meeting Strengths Weaknesses Business Plan Our values are: Provide a statement of values based on an analysis of the scenario information, operational plan and discussion at the meeting. Year Opportunities Threats Strategic Objectives dentify strategic objectives based on an analysis of the scenario information, operational plan and discussion at the meeting. Market Analysis Marketing Strategies Provide an overview of the cleaning services market, for example, revenue for the industry.as a whole. Discuss potential marketing strategies for existing residential services, as well as commercial and growth in the sector, number employed, future trends. Include information relating to residential cleaning, as environmentally friendly cleaning services. This may be through reviewing how competitors market their well as commercial cleaning and review trends such as environmentally friendly cleaning services ervices, as well as identifying effective marketing strategies. Include information about at least three competitors, including a summary of their services, as well as explaining how their services compete with Qzhouse Clean and any points of difference that will enable Rzhouse Clean to stand out. Target customers and needs Outline of target customers and their needs in relation to cleaning services. As part of this process survey at least 10 potential customers to identify to identify what specific dietary catering requirements might exist in the market place (you must attached a completed copy of these surveys with your report) Pricing options Describe current pricing strategy and Outline alternative pricing strategies. J&S LAWMAKERS 2018 J&S LCWARWAS 2018 Page 1 of 4 396 words X English (Australia) Text Predictions: On 1% Accessibility: Investigate Focus - + 75% Type here to search Downloads Of how to screenshot i. Bluestacks App Pla.. w Business_Plan_Tem. 2:19 AM ENG 14/05/2023AutoSave . Off) H 9 3 Business_Plan_Template_updated_v2 . Saved to this PC v Ly Tuong Phan LT X File Home Insert Draw Design Layout References Mailings Review View Help Comments Editing 15 Share X Cut Find ~ Arial 12 ~ A" A Aa Ap Paste [B Copy AaBbCcDd AaBbCc/ AaBb( AaBbC AaBbCc AaBbCc AaBbCcI AABBCC AABB( AaBbCcI AaBbCcl AaBbCcl Cc Replace BI U ~ ab x x A LA 11 Caption Emphasis Heading 1 1 Heading 2 1 Heading 3 Heading 4 1 Normal 1 Subtitle 1 Title 1 No Spac... Subtle Em... Intense E... Dictate Editor Reuse Format Painter Select Files Clipboard Font Paragraph Styles Editing Voice Editor Reuse Files Outline of target customers and their needs in relation to cleaning services. As part of this process survey at least 10 potential customers to identify to identify what specific dietary catering requirements might exist in the market place (you must attached a completed copy of these surveys with your report) Pricing options Describe current pricing strategy and Outline alternative pricing strategies. J&S LewinHOOK 2018 J&S LAWWASCO 2018 This document is Business Plan Template It is part of the supporting resources for Assess nt Task 2 of BSBMGT617. Actions The following table identifies the actions we plan to take to achieve our strategic objectives. Include as many rows as required. Date Actions Resource requirements Key performance indicators | Staff Responsible Month and year Specific actions to achieve (financial, physical, human) objectives J&S Lowwinwood 2018 Page 2 of 4 396 words X English (Australia) Text Predictions: On % Accessibility: Investigate Focus - + 75% Type here to search Downloads Of how to screenshot i.. Bluestacks App Pla. w Business Plan_Tem. 2:19 AM ENG 14/05/2023