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)
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Cash
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Accounts Receivable
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Inventory
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Equipment
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Accounts Payable
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Bank Loan
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Unearned Revenue
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Capital
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Revenue
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Expense
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Impact on
Cash Flow
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Open Bal
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$30,000
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$5,600
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$47,500
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$25,200
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$9,100
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$39,000
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$60,200
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(i)
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-$4,000
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$7,000
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Operating Outflow
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(ii)
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$1,500
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(iii)
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-$1,500
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Operating Outflow
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(iv)
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-$3,000
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(v)
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-$4,500
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Operating Outflow
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(vi)
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$55,000
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$80,000
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Operating Inflow
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-$48,000
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(vii)
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-$19,800
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(viii)
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(ix)
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End Bal
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(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)
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Balance sheet
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Income statement
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Cash flow statement
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(a)(ii) Remaining balance on 5th June 2024 (3 marks)
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Balance sheet
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Income statement
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Cash flow statement
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(b) Service delivered on 15th June 2024 (3 marks)
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Balance sheet
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Income statement
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Cash flow statement
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(c) Ethical considerations (4 marks, max 200 words):
(d)(i) Equipment purchased on 20th June 2024 (3 marks)
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Balance sheet
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Income statement
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Cash flow statement
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(d)(ii) Financial implications (3 marks, max 150 words):
Question 3: Financial Statement Analysis (19 marks)
(a) Ratios (9 marks)
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Company
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Industry
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Telstra Group Limited
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ROE
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50%
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Profit Margin
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18%
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Current Ratio
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1.1
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Debt Ratio
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55%
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Wesfarmers Limited
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ROE
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25%
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Profit Margin
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10%
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Current Ratio
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1.4
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Debt Ratio
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50%
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Quantas Airways Limited
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ROE
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4%
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Profit Margin
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12%
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Current Ratio
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1.2
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Debt Ratio
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40%
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