Question
Much of the work of monitoring finances within a budget is looking for trends and figures that are out of the ordinary in the actual
Much of the work of monitoring finances within a budget is looking for trends and figures that are out of the ordinary in the actual results of the business.
Trends in past results give you indications of possible future results in the business. These trends are often not instantaneously visible when you look at the results; relating figures to each other and expressing those figures as a
[VN1]
percentage of each other may uncover a hidden trend in the income or expenses of a business.
Take a close look at the actual figures for 2012/ 13 from Joes Caf; calculate some percentages and look deep into the figures for trends and figures that don't seem quite right and warrant further investigation.
Identify a mistake in the superannuation payments Identify one positive trend over the year
Identify 3 negative trends that are causing the trend to lower profitably as the year went on.
Take a good look at the alcoholic beverage purchases and outline any areas of concern. Outline some possible causes of the alcoholic beverage purchases figures to be that way.
Give detailed answers to these questions and back up your answers with examples of figures and calculations to show the trend, mistake or areas of concern. This is a certificate IV unit so make sure your answers are detailed and presented in a professional manner appropriate for a person in a supervisor / management position.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started