ATHLETE WEAR COMPANY CASE STUDY (75 Marks) Athlete Wear Co. is an Irish sports clothing manufacturer for elite amateur and professional athletes. It has recently seen a decline in profitability owing to increased competition from low cost mass production manufacturers and has been outbid for contracts as official clothing supplier for three major international and domestic sporting events. As a result, Athlete Wear is faced with having to suspend its operations immediately unless it can find alternative markets to ensure the business can r
Group assignment on Business Combinationsvictor okoth
FOR SOLUTION OF THE BELOW CASE STUDIES, VISIT AND ASK IT AT ESSAYTUTORS.NET
Group assignment on Business Combinations
Case .1
You have been engaged to audit the financial statements of Solamente Corporation for thefiscal year ended May 31, 2010. You discover that on June 1, 2009, Mika Company hadbeen merged into Solamente in a business combination. You also find that both Solamenteand Mika (prior to its liquidation) incurred legal fees, accounting fees, and printing costsfor the business combination; both companies debited those costs to an intangible assetledger account entitled “Cost of Business Combination.” In its journal entry to record thebusiness combination with Mika, Solamente increased its Cost of Business Combinationaccount by an amount equal to the balance of Mika’s comparable ledger account.
Instructions
Evaluate Solamente’s accounting for the out-of-pocket costs of the business combination with Mika in light of IFRS and GAAP guidelines.
Case .2
You are the controller of Software Company, a distributor of computer software, which isplanning to acquire a portion of the net assets of a product line of Midge Company, a competitorenterprise. The projected acquisition cost is expected to exceed substantially the currentfair value of the identifiable net assets to be acquired, which the competitor has agreedto sell because of its substantial net losses of recent years. The board of directors of Softwareasks if the excess acquisition cost may appropriately be recognized as goodwill.
Instructions
Prepare a memorandum to the board of directors an answer to the question, after consulting the guidelines issued by either FASB or IASB
Case .3
On February 15, 2005, officers of Sun Corporation agreed with George Merlo, sole stockholderof Merlo Company and Merlo Industries, Inc., to acquire all his common stock ownershipin the two companies as follows:
1. 10,000 shares of Shane’s $1 par common stock (current fair value $30 a share) would be issued to George Merlo on February 28, 2005, for his 1,000 shares of $10 par common stock of Merlo Company. In addition, 20,000 shares of Sun common stock would be issued to George Merlo on February 28, 2010, if aggregate net income of Merlo Company for the five-year period then ended exceeded $300,000.
The document contains an accounting exam for ACCT1101 with 5 questions. Question 1 has parts (a) and (b) calculating cash paid to suppliers, employees and others as well as net cash from investing activities for Bunney Ltd. Question 2 involves calculating ending inventory under FIFO, LIFO and weighted average for Ben's Bargain. Question 3 analyzes liquidity and profitability ratios for Securitie Ltd over 2 years. Question 4 requires stating whether accounting statements are true or false. Question 5 includes preparing an inventory and purchase budget for Mattress World and calculating budgeted cash payments for Moon Ltd. The exam tests accounting concepts such as financial statements, ratio analysis, inventory valuation and budgeting.
This document provides instructions for an examination on principles of taxation. It outlines:
1) There are 7 questions divided into 2 sections, with both questions in Section A and 3 questions from Section B to be answered. Each question is worth 20 marks.
2) Calculators are allowed. Reference materials including tax rates and capital allowance rates are provided.
3) Answers must begin on a fresh page and the paper is not to be opened until instructed by the invigilator. The paper contains 12 pages in total.
This document contains instructions and questions for an examination on taxation. It is divided into two sections, with Section A containing two compulsory questions and Section B containing three questions to choose from.
The first question in Section A requires calculating the taxable income and tax payable for a company. The second question requires calculating capital allowances, gains, and losses for business assets with various transactions.
Section B includes optional questions on taxes payable by a company, the taxation of partnerships, special trades, and circumstances where tax secrecy is waived.
This document presents the statement of financial position and statement of comprehensive income for PT Luber and PT Al Caisario as of 31 December 2011 and 2010 respectively.
The statement of financial position of PT Luber shows total assets of Rp3.8 billion consisting of current assets, property and equipment, long term investments and intangible assets. Total liabilities are Rp2.7 billion comprising current and non-current liabilities. Total equity is Rp1.1 billion.
The statement of comprehensive income of PT Al Caisario for the year ended 31 December 2010 shows net income of Rp86 billion comprising income from continuing and discontinued operations, offset by comprehensive loss of Rp14 billion.
This document provides instructions for a 3.5 hour financial accounting exam consisting of 4 questions worth a total of 100 marks. Question 1 has three parts related to inventory valuation, economic substance over legal form, and applying the equity method. Question 2 involves re-drafting financial statements in accordance with accounting standards. Question 3 covers revenue recognition on long-term contracts, revaluation of property, and classification of assets as held for sale. Question 4 requires preparing consolidated financial statements.
1) The document contains 4 questions providing financial information for various companies, asking to prepare balance sheets and analyze financial ratios.
2) Question 4 asks which company Mr. Desai should prefer to supply goods to based on their financial information, considering factors like stock, debtors, cash, creditors.
3) Question 5 provides trading and profit & loss account and balance sheet for a company and asks to draft revised statements achieving certain objectives by changing ratios and amounts.
4) Question 6 gives financial ratios and asks to prepare a balance sheet for a company.
5) Question 7 asks to interpret accounting ratios based on summarized balance sheets and profit & loss statements for 2 years.
6) Question 8 provides more
1. Active Fine Chemicals Ltd. was established in 2004 to supply bulk drug materials to the local pharmaceutical market in Bangladesh.
2. The company is issuing an IPO of 160 million taka to finance expansion, pay off loans, and support working capital.
3. Key financial information includes net profit of 5.28 million taka for the 3 months ending December 2009, total assets of 434.93 million taka, and NAV per share of 11.97-14.36 taka depending on the number of shares.
Group assignment on Business Combinationsvictor okoth
FOR SOLUTION OF THE BELOW CASE STUDIES, VISIT AND ASK IT AT ESSAYTUTORS.NET
Group assignment on Business Combinations
Case .1
You have been engaged to audit the financial statements of Solamente Corporation for thefiscal year ended May 31, 2010. You discover that on June 1, 2009, Mika Company hadbeen merged into Solamente in a business combination. You also find that both Solamenteand Mika (prior to its liquidation) incurred legal fees, accounting fees, and printing costsfor the business combination; both companies debited those costs to an intangible assetledger account entitled “Cost of Business Combination.” In its journal entry to record thebusiness combination with Mika, Solamente increased its Cost of Business Combinationaccount by an amount equal to the balance of Mika’s comparable ledger account.
Instructions
Evaluate Solamente’s accounting for the out-of-pocket costs of the business combination with Mika in light of IFRS and GAAP guidelines.
Case .2
You are the controller of Software Company, a distributor of computer software, which isplanning to acquire a portion of the net assets of a product line of Midge Company, a competitorenterprise. The projected acquisition cost is expected to exceed substantially the currentfair value of the identifiable net assets to be acquired, which the competitor has agreedto sell because of its substantial net losses of recent years. The board of directors of Softwareasks if the excess acquisition cost may appropriately be recognized as goodwill.
Instructions
Prepare a memorandum to the board of directors an answer to the question, after consulting the guidelines issued by either FASB or IASB
Case .3
On February 15, 2005, officers of Sun Corporation agreed with George Merlo, sole stockholderof Merlo Company and Merlo Industries, Inc., to acquire all his common stock ownershipin the two companies as follows:
1. 10,000 shares of Shane’s $1 par common stock (current fair value $30 a share) would be issued to George Merlo on February 28, 2005, for his 1,000 shares of $10 par common stock of Merlo Company. In addition, 20,000 shares of Sun common stock would be issued to George Merlo on February 28, 2010, if aggregate net income of Merlo Company for the five-year period then ended exceeded $300,000.
The document contains an accounting exam for ACCT1101 with 5 questions. Question 1 has parts (a) and (b) calculating cash paid to suppliers, employees and others as well as net cash from investing activities for Bunney Ltd. Question 2 involves calculating ending inventory under FIFO, LIFO and weighted average for Ben's Bargain. Question 3 analyzes liquidity and profitability ratios for Securitie Ltd over 2 years. Question 4 requires stating whether accounting statements are true or false. Question 5 includes preparing an inventory and purchase budget for Mattress World and calculating budgeted cash payments for Moon Ltd. The exam tests accounting concepts such as financial statements, ratio analysis, inventory valuation and budgeting.
This document provides instructions for an examination on principles of taxation. It outlines:
1) There are 7 questions divided into 2 sections, with both questions in Section A and 3 questions from Section B to be answered. Each question is worth 20 marks.
2) Calculators are allowed. Reference materials including tax rates and capital allowance rates are provided.
3) Answers must begin on a fresh page and the paper is not to be opened until instructed by the invigilator. The paper contains 12 pages in total.
This document contains instructions and questions for an examination on taxation. It is divided into two sections, with Section A containing two compulsory questions and Section B containing three questions to choose from.
The first question in Section A requires calculating the taxable income and tax payable for a company. The second question requires calculating capital allowances, gains, and losses for business assets with various transactions.
Section B includes optional questions on taxes payable by a company, the taxation of partnerships, special trades, and circumstances where tax secrecy is waived.
This document presents the statement of financial position and statement of comprehensive income for PT Luber and PT Al Caisario as of 31 December 2011 and 2010 respectively.
The statement of financial position of PT Luber shows total assets of Rp3.8 billion consisting of current assets, property and equipment, long term investments and intangible assets. Total liabilities are Rp2.7 billion comprising current and non-current liabilities. Total equity is Rp1.1 billion.
The statement of comprehensive income of PT Al Caisario for the year ended 31 December 2010 shows net income of Rp86 billion comprising income from continuing and discontinued operations, offset by comprehensive loss of Rp14 billion.
This document provides instructions for a 3.5 hour financial accounting exam consisting of 4 questions worth a total of 100 marks. Question 1 has three parts related to inventory valuation, economic substance over legal form, and applying the equity method. Question 2 involves re-drafting financial statements in accordance with accounting standards. Question 3 covers revenue recognition on long-term contracts, revaluation of property, and classification of assets as held for sale. Question 4 requires preparing consolidated financial statements.
1) The document contains 4 questions providing financial information for various companies, asking to prepare balance sheets and analyze financial ratios.
2) Question 4 asks which company Mr. Desai should prefer to supply goods to based on their financial information, considering factors like stock, debtors, cash, creditors.
3) Question 5 provides trading and profit & loss account and balance sheet for a company and asks to draft revised statements achieving certain objectives by changing ratios and amounts.
4) Question 6 gives financial ratios and asks to prepare a balance sheet for a company.
5) Question 7 asks to interpret accounting ratios based on summarized balance sheets and profit & loss statements for 2 years.
6) Question 8 provides more
1. Active Fine Chemicals Ltd. was established in 2004 to supply bulk drug materials to the local pharmaceutical market in Bangladesh.
2. The company is issuing an IPO of 160 million taka to finance expansion, pay off loans, and support working capital.
3. Key financial information includes net profit of 5.28 million taka for the 3 months ending December 2009, total assets of 434.93 million taka, and NAV per share of 11.97-14.36 taka depending on the number of shares.
Chapter 4 power point ( BUAD 111 Financial Accounting I)Jach Inder
This document discusses completing the accounting cycle and classifying accounts. It covers preparing and adjusting trial balances, the closing process, preparing financial statements from the adjusted trial balance using a worksheet, and preparing a classified balance sheet. The learning objectives covered include describing and preparing a worksheet, explaining the closing process and why temporary accounts are closed each period, preparing closing and post-closing trial balances, completing all steps in the accounting cycle, and explaining a classified balance sheet.
Cinergy Corp. reported strong earnings for the third quarter of 2005, with adjusted earnings per share reaching a record high of $0.97. Earnings were driven by favorable weather conditions, cost reductions across the company, and contributions from commercial businesses capitalizing on commodity market movements. Cinergy increased its full-year 2005 adjusted earnings guidance to a range of $2.60 to $2.75 per share. The company also continues to make progress on regulatory approvals for its proposed merger with Duke Energy.
- The company reported net revenue of $576 million for the first quarter of fiscal year 2018, gross margin of 66.9% excluding special items, and earnings per share of $0.60 excluding special items.
- For the second quarter of fiscal year 2018, the company expects revenue between $600-640 million, gross margin between 66-68% excluding special items, and earnings per share between $0.61-0.67 excluding special items.
- Over the last twelve months, the company generated $819 million in free cash flow, representing 35% of revenue, and returned $177 million to shareholders in the form of dividends and stock repurchases.
Copy of financial staements duly authenticated as per section 134 (including ...rahulkadam274458
- The company reported total turnover of Rs. 3410.15 Lakhs for the financial year 2019-20, resulting in a net profit of Rs. 870.23 Lakhs after tax expenses of Rs. 231.66 Lakhs. The profit for the year was Rs. 638.57 Lakhs.
- During the year, the company added many new products and machinery to increase production efficiency. It plans to manufacture and import new lighting fixtures and accessories to expand its product offerings.
- The impact of COVID-19 has disrupted the company's operations and supply chains, resulting in temporary pressure on cash flows, liquidity, profitability and margins due to lower collections and operating expenses. However, management
Copy of financial staements duly authenticated as per section 134 (including ...rahulkadam274458
Abby Lighting & Switchgear Ltd reported its financial results for the year ended March 31, 2018. The company's turnover was Rs. 2821.27 lakhs, resulting in a net profit of Rs. 570.12 lakhs after tax expenses of Rs. 234.38 lakhs. No amount was transferred to reserves. The directors do not recommend any dividend for FY2017-18. The company added new product lines during the year and plans to import more lighting products and accessories. Remuneration of Rs. 79.5 lakhs was paid to one of the directors, Sanjay Bajaj.
Copy of financial staements duly authenticated as per section 134 (including ...rahulkadam274458
The Directors' Report summarizes the financial performance and operations of Abby Lighting & Switchgear Ltd. for the financial year 2018-19. It states that the company achieved a turnover of Rs. 3,405.10 lakhs and a net profit of Rs. 775.82 lakhs. The company added new products and machinery to increase efficiency and production. However, no dividend is recommended for the financial year. The report provides details on material changes, orders passed, subsidiaries, auditors, directors, deposits, conservation of energy, and risk management.
- The document reports the financial results of JAKS Resources Berhad for the quarter ended 30 June 2019 and the cumulative period from 1 January to 30 June 2019.
- For the quarter ended 30 June 2019, the company reported a net profit of RM23.9 million compared to a net profit of RM5 million in the same quarter of the previous year.
- Revenue for the quarter increased significantly to RM315.4 million from RM170 million in the previous corresponding quarter, contributing to the higher net profit.
The document contains information regarding Robert Kanyarna's purchase of Premium Meat Suppliers Ltd. for Sh8 million on 1 October 2001. It provides details of the assets and liabilities acquired. It also provides financial information for the year ended 30 September 2002, including cash payments, bank payments, deposits, debtors, creditors, and ending stock values. The document requests preparation of bank and cash accounts, a trading and profit and loss account, and a balance sheet for the period. It also contains a similar case regarding Swara Sports Club involving preparation of forecast financial statements.
- The company reported net revenue of $623 million for the fiscal second quarter of 2018, an increase of 13% from the same quarter last year. Gross margin was 67.6% excluding special items and 65.8% under GAAP. Earnings per share was $0.65 excluding special items and a loss of $0.27 under GAAP.
- For the fiscal third quarter of 2018, the company expects revenue between $620-660 million with gross margin of 66-68% excluding special items. Earnings per share is expected to be $0.66-0.72 excluding special items.
- Key metrics such as free cash flow, capital expenditures, dividends, and share repurchases
- Net revenue for the first quarter of fiscal year 2018 was $576 million, a 3% increase from the previous year's first quarter. Earnings per share excluding special items was $0.60, a 24% increase.
- Trailing twelve months free cash flow was $819 million, representing 35% of trailing twelve month revenue.
- Guidance for the second quarter of fiscal year 2018 estimates revenue of $600-640 million and earnings per share excluding special items of $0.61-0.67.
This document is the annual report of SML Isuzu Limited for the financial year 2011-2012. It summarizes the company's financial performance for the year, noting a 6% increase in vehicle sales volume, 14% increase in revenue, and new highs in operating and net profit. It also provides information on the board of directors, auditors, bankers, and executives of the company. The report discusses the company's expansion project, recommended dividend, change in shareholding structure, and current business environment.
The document is a 4 page exam for a Financial Accounting course. It includes 4 questions assessing understanding of concepts like provisions, contingencies, property plant and equipment, consolidated financial statements, and cash flow statements. Question 1 has multiple parts asking about inventory write downs, provisions, and contingencies. Question 2 covers measurement bases, property exchanges, and consolidated financial statements. Question 3 requires preparation of a cash flow statement and reconciliation. Question 4 requires preparation of a consolidated balance sheet from provided company balance sheets.
Financial statement for_the_year_ended_june_30_2010Taimoor Bai
- The document is the balance sheet of Attock Petroleum Limited as of June 30, 2010. It shows the company's assets, liabilities and shareholders' equity.
- The company's total assets were Rs. 21,442,652 thousand, with non-current assets of Rs. 2,013,419 thousand including property, plant and equipment and investments in associated companies. Current assets were Rs. 19,429,233 thousand including stock in trade, trade debts and cash balances.
- Total liabilities were Rs. 12,205,075 thousand comprising non-current liabilities of Rs. 288,908 thousand and current liabilities of Rs. 11,917,167 thousand including trade payables. Share
This document provides an overview of the corporate governance structure and ownership structure of Edison S.p.A. as of the end of 2014. It discusses the company's adoption of the Italian Corporate Governance Code, the roles and composition of the Board of Directors and Board committees, the internal control and risk management system, the ownership structure and rights of shareholders. The document also includes annexes listing the composition of the Board of Directors and Board of Statutory Auditors.
Britannia Industries Limited reported strong financial results for the 2011-12 fiscal year with net sales increasing 18% and net profit increasing 29%. The company's board of directors includes Chairman Nusli N Wadi and Managing Director Vinita Bali. The auditor, B S R & Co., signed off on the company's financial statements providing a clean audit opinion. The annual general meeting was held on August 6, 2012 to approve dividend distribution.
This document contains an examination for a Principles of Accounting course, with 5 questions testing various accounting concepts and calculations. Question 1 provides trial balance data and asks to prepare financial statements. Question 2 covers bank reconciliation and adjusting entries. Question 3 tests dividend accounting and calculations. Question 4 asks to prepare income statements under different inventory methods and discuss the results. Question 5 defines various accounting terms. The examination is 3 hours long and worth a total of 100 marks.
ABC (Pvt) Ltd. reported a net profit before tax of Rs. 39,994,000 for the year ended 31 March 2019. Various adjustments were made to arrive at taxable business income of Rs. 25,180,200 and taxable investment income of Rs. 2,770,000, resulting in total assessable income of Rs. 27,950,200. After deducting tax credits of Rs. 5,209,750, the company had a balance tax payable of Rs. 1,516,722 for the year of assessment 2018/19.
This document contains 7 budgeting problems. Problem 1 requires preparing a production budget and summary production cost budget for 6 months. Problem 2 requires preparing a production budget (quantitative) and material purchase budget (quantitative). Problem 3 requires calculating a material purchases budget and wages budget. Problem 4 requires preparing a sales overhead budget for 3 months. Problem 5 requires preparing an estimate of cash position for 3 months. Problem 6 requires preparing a forecast statement to show the effect of a proposed price reduction. Problem 7 requires preparing flexible budgets for administration, selling, and distribution costs at different capacity levels.
This document contains 10 multiple choice questions related to accounting budgets and variances. The questions cover topics like operating vs financial budgets, standard costing, overhead cost variances, and inventory and sales budgeting.
Mel Harrison, manager of Border Corporation’s Home Office Products Division, is considering adding a new product line but wants to analyze the numbers first. The division has led the company in return on investment (ROI) for three years.
The division's most recent ROI was 24%. Adding the new product line would require $1 million in additional assets but is expected to generate $2 million in annual sales. The line's variable costs are 60% of sales and fixed costs are $620,000.
If the minimum required ROI is 13% and performance is evaluated using residual income, the division's residual income was $48,000 originally but would become $168,000 if the new line is added, so Mel
Chapter 4 power point ( BUAD 111 Financial Accounting I)Jach Inder
This document discusses completing the accounting cycle and classifying accounts. It covers preparing and adjusting trial balances, the closing process, preparing financial statements from the adjusted trial balance using a worksheet, and preparing a classified balance sheet. The learning objectives covered include describing and preparing a worksheet, explaining the closing process and why temporary accounts are closed each period, preparing closing and post-closing trial balances, completing all steps in the accounting cycle, and explaining a classified balance sheet.
Cinergy Corp. reported strong earnings for the third quarter of 2005, with adjusted earnings per share reaching a record high of $0.97. Earnings were driven by favorable weather conditions, cost reductions across the company, and contributions from commercial businesses capitalizing on commodity market movements. Cinergy increased its full-year 2005 adjusted earnings guidance to a range of $2.60 to $2.75 per share. The company also continues to make progress on regulatory approvals for its proposed merger with Duke Energy.
- The company reported net revenue of $576 million for the first quarter of fiscal year 2018, gross margin of 66.9% excluding special items, and earnings per share of $0.60 excluding special items.
- For the second quarter of fiscal year 2018, the company expects revenue between $600-640 million, gross margin between 66-68% excluding special items, and earnings per share between $0.61-0.67 excluding special items.
- Over the last twelve months, the company generated $819 million in free cash flow, representing 35% of revenue, and returned $177 million to shareholders in the form of dividends and stock repurchases.
Copy of financial staements duly authenticated as per section 134 (including ...rahulkadam274458
- The company reported total turnover of Rs. 3410.15 Lakhs for the financial year 2019-20, resulting in a net profit of Rs. 870.23 Lakhs after tax expenses of Rs. 231.66 Lakhs. The profit for the year was Rs. 638.57 Lakhs.
- During the year, the company added many new products and machinery to increase production efficiency. It plans to manufacture and import new lighting fixtures and accessories to expand its product offerings.
- The impact of COVID-19 has disrupted the company's operations and supply chains, resulting in temporary pressure on cash flows, liquidity, profitability and margins due to lower collections and operating expenses. However, management
Copy of financial staements duly authenticated as per section 134 (including ...rahulkadam274458
Abby Lighting & Switchgear Ltd reported its financial results for the year ended March 31, 2018. The company's turnover was Rs. 2821.27 lakhs, resulting in a net profit of Rs. 570.12 lakhs after tax expenses of Rs. 234.38 lakhs. No amount was transferred to reserves. The directors do not recommend any dividend for FY2017-18. The company added new product lines during the year and plans to import more lighting products and accessories. Remuneration of Rs. 79.5 lakhs was paid to one of the directors, Sanjay Bajaj.
Copy of financial staements duly authenticated as per section 134 (including ...rahulkadam274458
The Directors' Report summarizes the financial performance and operations of Abby Lighting & Switchgear Ltd. for the financial year 2018-19. It states that the company achieved a turnover of Rs. 3,405.10 lakhs and a net profit of Rs. 775.82 lakhs. The company added new products and machinery to increase efficiency and production. However, no dividend is recommended for the financial year. The report provides details on material changes, orders passed, subsidiaries, auditors, directors, deposits, conservation of energy, and risk management.
- The document reports the financial results of JAKS Resources Berhad for the quarter ended 30 June 2019 and the cumulative period from 1 January to 30 June 2019.
- For the quarter ended 30 June 2019, the company reported a net profit of RM23.9 million compared to a net profit of RM5 million in the same quarter of the previous year.
- Revenue for the quarter increased significantly to RM315.4 million from RM170 million in the previous corresponding quarter, contributing to the higher net profit.
The document contains information regarding Robert Kanyarna's purchase of Premium Meat Suppliers Ltd. for Sh8 million on 1 October 2001. It provides details of the assets and liabilities acquired. It also provides financial information for the year ended 30 September 2002, including cash payments, bank payments, deposits, debtors, creditors, and ending stock values. The document requests preparation of bank and cash accounts, a trading and profit and loss account, and a balance sheet for the period. It also contains a similar case regarding Swara Sports Club involving preparation of forecast financial statements.
- The company reported net revenue of $623 million for the fiscal second quarter of 2018, an increase of 13% from the same quarter last year. Gross margin was 67.6% excluding special items and 65.8% under GAAP. Earnings per share was $0.65 excluding special items and a loss of $0.27 under GAAP.
- For the fiscal third quarter of 2018, the company expects revenue between $620-660 million with gross margin of 66-68% excluding special items. Earnings per share is expected to be $0.66-0.72 excluding special items.
- Key metrics such as free cash flow, capital expenditures, dividends, and share repurchases
- Net revenue for the first quarter of fiscal year 2018 was $576 million, a 3% increase from the previous year's first quarter. Earnings per share excluding special items was $0.60, a 24% increase.
- Trailing twelve months free cash flow was $819 million, representing 35% of trailing twelve month revenue.
- Guidance for the second quarter of fiscal year 2018 estimates revenue of $600-640 million and earnings per share excluding special items of $0.61-0.67.
This document is the annual report of SML Isuzu Limited for the financial year 2011-2012. It summarizes the company's financial performance for the year, noting a 6% increase in vehicle sales volume, 14% increase in revenue, and new highs in operating and net profit. It also provides information on the board of directors, auditors, bankers, and executives of the company. The report discusses the company's expansion project, recommended dividend, change in shareholding structure, and current business environment.
The document is a 4 page exam for a Financial Accounting course. It includes 4 questions assessing understanding of concepts like provisions, contingencies, property plant and equipment, consolidated financial statements, and cash flow statements. Question 1 has multiple parts asking about inventory write downs, provisions, and contingencies. Question 2 covers measurement bases, property exchanges, and consolidated financial statements. Question 3 requires preparation of a cash flow statement and reconciliation. Question 4 requires preparation of a consolidated balance sheet from provided company balance sheets.
Financial statement for_the_year_ended_june_30_2010Taimoor Bai
- The document is the balance sheet of Attock Petroleum Limited as of June 30, 2010. It shows the company's assets, liabilities and shareholders' equity.
- The company's total assets were Rs. 21,442,652 thousand, with non-current assets of Rs. 2,013,419 thousand including property, plant and equipment and investments in associated companies. Current assets were Rs. 19,429,233 thousand including stock in trade, trade debts and cash balances.
- Total liabilities were Rs. 12,205,075 thousand comprising non-current liabilities of Rs. 288,908 thousand and current liabilities of Rs. 11,917,167 thousand including trade payables. Share
This document provides an overview of the corporate governance structure and ownership structure of Edison S.p.A. as of the end of 2014. It discusses the company's adoption of the Italian Corporate Governance Code, the roles and composition of the Board of Directors and Board committees, the internal control and risk management system, the ownership structure and rights of shareholders. The document also includes annexes listing the composition of the Board of Directors and Board of Statutory Auditors.
Britannia Industries Limited reported strong financial results for the 2011-12 fiscal year with net sales increasing 18% and net profit increasing 29%. The company's board of directors includes Chairman Nusli N Wadi and Managing Director Vinita Bali. The auditor, B S R & Co., signed off on the company's financial statements providing a clean audit opinion. The annual general meeting was held on August 6, 2012 to approve dividend distribution.
This document contains an examination for a Principles of Accounting course, with 5 questions testing various accounting concepts and calculations. Question 1 provides trial balance data and asks to prepare financial statements. Question 2 covers bank reconciliation and adjusting entries. Question 3 tests dividend accounting and calculations. Question 4 asks to prepare income statements under different inventory methods and discuss the results. Question 5 defines various accounting terms. The examination is 3 hours long and worth a total of 100 marks.
ABC (Pvt) Ltd. reported a net profit before tax of Rs. 39,994,000 for the year ended 31 March 2019. Various adjustments were made to arrive at taxable business income of Rs. 25,180,200 and taxable investment income of Rs. 2,770,000, resulting in total assessable income of Rs. 27,950,200. After deducting tax credits of Rs. 5,209,750, the company had a balance tax payable of Rs. 1,516,722 for the year of assessment 2018/19.
This document contains 7 budgeting problems. Problem 1 requires preparing a production budget and summary production cost budget for 6 months. Problem 2 requires preparing a production budget (quantitative) and material purchase budget (quantitative). Problem 3 requires calculating a material purchases budget and wages budget. Problem 4 requires preparing a sales overhead budget for 3 months. Problem 5 requires preparing an estimate of cash position for 3 months. Problem 6 requires preparing a forecast statement to show the effect of a proposed price reduction. Problem 7 requires preparing flexible budgets for administration, selling, and distribution costs at different capacity levels.
This document contains 10 multiple choice questions related to accounting budgets and variances. The questions cover topics like operating vs financial budgets, standard costing, overhead cost variances, and inventory and sales budgeting.
Mel Harrison, manager of Border Corporation’s Home Office Products Division, is considering adding a new product line but wants to analyze the numbers first. The division has led the company in return on investment (ROI) for three years.
The division's most recent ROI was 24%. Adding the new product line would require $1 million in additional assets but is expected to generate $2 million in annual sales. The line's variable costs are 60% of sales and fixed costs are $620,000.
If the minimum required ROI is 13% and performance is evaluated using residual income, the division's residual income was $48,000 originally but would become $168,000 if the new line is added, so Mel
This document contains three case studies related to International Accounting Standards:
1. Provides financial information for Flour Mills Nigeria PLC and requires preparation of financial statements in accordance with IAS 1.
2. Asks about accounting policy selection under IAS 8 and evaluates changes to accounting estimates and policies.
3. Provides financial statements for Pinto and asks to prepare a statement of cash flows for the year ended March 31, 2008 in accordance with IAS 7 using supporting information provided.
- The document provides instructions for a professional exam on financial accounting and reporting according to IFRS. It outlines the structure of the exam, including four questions worth a total of 100 marks.
- The first question provides draft financial statements for Guava Ltd and accompanying notes for the year ended 30 June 2017. It requires preparing revised statements in a publishable form and answering questions about intangible assets and assets held for sale under IFRS vs. UK GAAP.
- The second question involves issues at Kumquat Ltd around foreign exchange, asset retirement obligations, and classification of a bond. Journal entries are required to address the issues according to IFRS.
- The third question provides consolidated financial statements for
This document provides an annual report for Aditya Birla Minacs Worldwide Limited and its subsidiaries for the 2010-2011 fiscal year. It summarizes the company's financial performance, with consolidated revenues increasing 16% and operating profits increasing 72% over the previous year. It also discusses the company's business review, outlook, human capital, a merger between subsidiaries, subsidiary companies, and employee stock option plan. The company saw revenue and profit growth but expects ongoing pricing pressures and inflation to impact profitability going forward.
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A) Read the case study below:
SAR Health Services (SARHS) are part of a multi-national enterprise based in Switzerland. They supply sophisticated diagnostic equipment to hospitals across Europe and have recently entered new marks in Asia. SARHS’s relationship with its customers is based on high trust, high quality products and in Europe on 24/7 servicing. The company employs around 3000 staff, consisting of technicians, production, office staff (sales, marketing, distribution) managers and drivers.
SARHS puts particular emphasis on environmental education through staff training and induction. New staff receive a half-day session on sustainability. In addition, monthly departmental meetings in head office include a ‘green slot’ where updates and activities regarding environmental sustainability are discussed. The organisation also runs an internship, which has proved to be a useful source of ideas regarding green initiatives.
TASK
A) Read the case study below:
SAR Health Services (SARHS) are part of a multi-national enterprise based in Switzerland. They supply sophisticated diagnostic equipment to hospitals across Europe and have recently entered new marks in Asia. SARHS’s relationship with its customers is based on high trust, high quality products and in Europe on 24/7 servicing. The company employs around 3000 staff, consisting of technicians, production, office staff (sales, marketing, distribution) managers and drivers.
SARHS puts particular emphasis on environmental education through staff training and induction. New staff receive a half-day session on sustainability. In addition, monthly departmental meetings in head office include a ‘green slot’ where updates and activities regarding environmental sustainability are discussed. The organisation also runs an internship, which has proved to be a useful source of ideas regarding green initiatives.
The company has gone through two reorganisations in the last 3 years. The most recent involved shifting from a functional to a matrix structure. Managers however, have complained that this last structural change confused authority and responsibility relationships.
This document outlines a term paper project involving designing a secure corporate network. The network must support email, file transfer, and VPN services. Students must create:
1) A network diagram showing the overall design from endpoints to the internet using Visio.
2) Three datapath diagrams in Visio depicting how an email, file transfer, and VPN transaction flow through the network.
3) A 6-10 page paper analyzing the network design, addressing security, failures, bottlenecks, and improving file transfer security. The paper must cite at least 3 quality resources and follow APA formatting.
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MKT 421 COMPLETE COURSES
MKT 421 Week 1 Understanding Marketing and Customer Relationships
Purpose of Assignment
Understanding marketing as a multi-step process relying on building successful customer relationships is essential to helping organizations grow and achieve their goals. This assignment defines marketing, the customer value proposition, and creating mutually beneficial relationships between the organization and target, as well as applies these concepts to the student to create a personal brand.
Assignment Steps
Resources: Week 1 textbook reading, Week 1 video, American Marketing Association Website, and University Career Center: Crafting Your Image
Scenario: You have just graduated from the University of Phoenix with your Bachelor’s Degree. You have decided either to seek a promotion at your current work, explore new career opportunities, or open your own business and are using your marketing knowledge to position yourself for career growth.
Develop at least a 1,050 word response to the following using the scenario above:
Provide a definition of marketing from the American Marketing Association. Define the customer value proposition. Discuss the differences between the marketing process and advertising, the goals of creating a strong customer value proposition, and the unique relationship that exists between company and customer.
Use your workplace, a company you would like to work for, or an entrepreneurial vision and apply the concepts of the customer value proposition and relationship marketing to their operations. Introduce who the company, or business idea is and what they do. Provide examples demonstrating how the company uses these concepts successfully. Are there any ways they can improve in these areas? How?
Determine how your own personal brand links to the organization’s customer value proposition. Discuss ways you can integrate a customer value proposition and use relationship marketing to position yourself the best. Please share examples to illustrate your thoughts and reasoning.
Cite a minimum of two peer-reviewed sources with at least one coming from the textbook, the Week 1 video, or the University Librar
Unit II Essay Identify the major stakeholders in your organization (or one wi...victor okoth
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Unit II Essay
Identify the major stakeholders in your organization (or one with which you are familiar). Analyze the top-management structure (as explained in Chapter 2), investigate and enumerate the code of ethics (written or not written), and explain the ethical stance of all stakeholders involved in the organization. Identify the relationship among any reward systems and organizational goals and what positive or negative effect there is on employee productivity. Cite concepts and ideas from Chapter 2 to compliment your work.
Your paper should be at least two pages in length, not including the title page or reference page. You are required to use at least Chapter 2 of your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations in the proper APA format.
Information about accessing the Blackboard Grading Rubric for this assignment is provided below.
Spss Homework Psyc 421
SPSS Assignment Part 1 Instructions
Describing a Normative Sample
When it comes to the use of psychological tests, one approach that both researchers and clinicians take in trying to understand participants’ performance is a norm-referenced approach. With a norm-referenced test, the test is given to a large, representative group of participants known as the “normative sample” (a.k.a. “norm group”). Then, the scores of all subsequent test-takers are compared to the scores of the norm group. In order for the norm group to be a valid comparison group, it has to be representative of the population who will be taking the test.
So how do we know if the normative sample is representative? When summarizing the psychometric properties of a test, test developers and publishers usually describe the norm group with their demographic variables. Demographic variables are characteristics of the participants like: gender, age, ethnicity, relationship status, socioeconomic status, religious affiliation etc. A description of the normative sample allows examinersto decide if the test of interest can be used with their intended examinees. For example, if the normative sample were 95% male, then you likely could not logically compare their scores to females test takers! That is why readers need to know what the normative sample looks like.
The purpose of the current assignment is for you to provide a verbal (and graphical)description of a fictional normative sample of research participants.
In the Assignment Instructions folder, there is an SPSS data file that will be the basis for your analyses. The data provided are fictional and were created solely for the purposes of our SPSS assignments. This data file includes: 1) demographic information for a normative sample of 428 participants, and 2) participants’ scores on a test called the Center for Epidemiologic Studies Depression Scale (CES-D scale).
The CES-D Scale is utilized to measure symptoms of depression. It is a self-assessment that is completed by the individual. The CES-D contains 20items rated on a 4-point scale (0 = Rarely or None of the Time to 3
research methods and ethical implications of a social psychology studyvictor okoth
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http://theacademicessays.com/?p=356
In this assignment, you will write an essay about the research methods and ethical implications of a social psychology study. You will get information about the study from one of the entries in the SPARQ "Solutions Catalog", which is a web site maintained by Stanford University at https://sparq.stanford.edu/solutions?&&. SPARQ is an acronym for "Social Psychological Answers to Real-world Questions." Each entry in the Solutions Catalog names a problem, and then offers a solution to that problem, based on a research study in social psychology.
To keep this assignment short and manageable, your only sources for this assignment should be from the SPARQ site and your course materials, such as your textbook. There is no need for you to cite any of the course materials. Therefore, no additional citations or references are needed, beyond those from the SPARQ site.
In this exercise, you will choose one of the entries in the SPARC site, and then write a two to three (2-3) page paper that meets the following requirements.
1. Begin your paper with a short introductory statement that clearly identifies the article from the SPARQ site that you are using, as well as the corresponding research article. Model your statement after the following example:
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ECO 365 Entire And Complete Course
ECO 365 Week 5 Theory of Consumer Choice and Frontiers of Microeconomics (2)
You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.
Develop a 12- to 15-slide Microsoft® PowerPoint® presentation to be presented to the Marketing Department that addresses the followin
Term Paper: Virtualization
Due Week 10 and worth 210 points
This assignment contains two (2) sections: Written Report and PowerPoint Presentation. You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment it is written for. Additionally, you may create and / or assume all necessary assumptions needed for the completion of this assignment.
According to a TechRepublic survey performed in 2013, (located at http://www.techrepublic.com/blog/data-center/research-desktop-virtualization-growing-in-popularity/# desktop virtualization is growing in popularity. Use the Internet and Strayer Library to research this technique. Research the top three (3) selling brands of virtualization software.
Imagine that the Chief Technology Officer (CTO
You have just graduated from the MBA program of a large university, and one of your favorite courses was “Today’s Entrepreneurs.” In fact, you enjoyed it so much you have decided you want to “be your own boss.” While you were in the master’s program, your grandfather died and left you $300,000 to do with as you please. You are not an inventor and you do not have a trade skill that you can market; however, you have decided that you would like to purchase at least one established franchise in the fast foods area, maybe two (if profitable). The problem is that you have never been one to stay with any project for too long, so you figure that your time frame is three years. After three years you will sell off your investment and go on to something else.
You have narrowed your selection down to two choices; (1) Franchise L: Lisa’s Soups, Salads, & Stuff and (2) Franchise S: Sam’s Wonderful Fried Chicken. The net cash flows shown below include the price you would receive for selling the franchise in year 3 and the forecast of how each franchise will do over the three-year period. Franchise L’s cash flows will start off slowly but will increase rather quickly as people become more health conscious, while Franchise S’s cash flows will start off high but will trail off as other chicken competitors enter the marketplace and as people become more health conscious and avoid fried foods. Franchise L serves breakfast and lunch, while franchise S serves only dinner, so it is possible for you to invest in both franchises. You see these franchises as perfect complements to one another: you could attract both the lunch and dinner crowds and the health conscious and not so health conscious crowds with the franchises directly competing against one another.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
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A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
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In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
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Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.
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This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
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Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
Azure Interview Questions and Answers PDF By ScholarHat
Athlete wear co case study (5)
1. 1
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ATHLETE WEAR COMPANY CASE STUDY (75 Marks)
Athlete Wear Co. is an Irish sports clothing manufacturer for elite amateur and professional athletes. It
has recently seen a decline in profitability owing to increased competition from low cost mass production
manufacturers and has been outbid for contracts as official clothing supplier for three major international
and domestic sporting events. As a result, Athlete Wear is faced with having to suspend its operations
immediately unless it can find alternative markets to ensure the business can remain operational. The
window to implement a new plan is very tight. Luckily, the production and sales directors had already
assembled a team to devise a plan, referred to as ‘Plan Stepdown,’ to diversify the business away from its
reliance on the elite sports market. While much of the outline of Plan Stepdown is ready, it still requires
input from the finance department. Although the team had intended to present Plan Stepdown at a
strategy conference planned for later this year, events have now overtaken them and an emergency
meeting of Athlete Wear’s senior management team has been called for next week. The principle agenda
items are an assessment of the current level of stress on the firm’s liquidity and a discussion of the
proposed Plan Stepdown which, it is hoped, can go into production quickly.
To assist with these discussions, you are required to prepare a financial report package for the meeting
regarding Athlete Wear’s current liquidity condition and the expected financial implications of the Plan
Stepdown proposal under consideration.
Your report package must include the following:
1. Trading, profit and loss account and balance sheet, 30th
April 2020 (20 Marks)
2. Forecast trading profit and loss for the six months ended 31st
October 2020, in contribution form.
(20 Marks)
3. Cash forecast for the six months ended 31st
October 2020. (20 Marks)
4. Evaluation of Athlete Wear ’s liquidity position and recommendations to improve it. (15 Marks)
Total (75 Marks)
2. 2
You have ascertained the following information to assist with your assessment:
Athlete Wear is registered for VAT and charges 23% VAT on its sales. VAT returns are submitted
on-line following the end of each (calendar) two monthly period and payment is made by the 23rd
of the relevant month.
Ignore taxation other than VAT.
A loan of €69,000,000 was taken out with Irish Bank plc on 1st
May 2015 and is repayable in full
on 1st
May 2025. The interest rate on the loan is 10% per annum, payable quarterly on 1st
August, 1st
November, 1st
February and 1st
May each year.
All Athlete Wear’s sales and purchases are on 30-day credit terms. All other expenses are paid
immediately on receipt of invoice.
Athlete Wear depreciates it’s property, plant & equipment on a straight-line basis as follows:
o Buildings 40 years
o Machinery 20 years
o Delivery vans 5 years
o Fixtures & fittings 10 years
o Office furniture & equipment 10 years
The following appendices are included:
o Appendix 1: Trial balance extracted from Athlete Wear ’s records @ 30th
April 2020.
o Appendix 2: Details of Plan Stepdown’s new manufacturing line and financial projections
for the six months from 1st
May 2020 to 31st
October 2020
o Appendix 3: Abridged financial statements for two previous years to 30th
April 2019 and
2018 .
Please note that whilst your report package is to include specified statements and reports, it is necessary
to include all relevant data and conclusions into the financial assessment to ensure that the full economic
impact is considered.
3. 3
Appendix 1 – Trial Balance @ 30th
April 2020
Trial Balance as at 30th
April 2020
€000 €000
Share capital 50,000
Retained earnings @ 30th
April 2019 206,655
Loan 69,000
Building (cost) 100,000
Building accumulated depreciation @ 30th
April 2019 25,000
Machinery (cost) 85,000
Machinery accumulated depreciation @ 30th
April 2019 12,750
Delivery vans (cost) 18,500
Delivery vans accumulated depreciation @ 30th
April 2019 7,400
Fixtures & fittings (cost) 14,000
Fixtures & fittings accumulated depreciation @ 30th
April 2019 4,200
Office furniture & equipment (cost) 13,500
Office furniture & equipment accumulated depreciation @ 30th
April 2019 5,400
Inventory @ 30th
April 2019 147,500
Trade receivables 87,300
Bank overdraft 15,950
Trade payables 45,700
VAT payable 6,220
Sales revenue 370,000
Purchases 248,750
Wages and salaries 62,500
Light and heat 7,250
Selling expenses 6,500
Advertising 3,000
Client entertainment 2,750
Legal and professional fees 1,500
Maintenance and repairs 4,800
Motor expenses 6,500
Office expenses 3,750
Interest expense 5,175
818,275 818,275
On 30th
April 2020 the following expenses had not been accounted for. Athlete Wear plans to pay
the outstanding amounts on 1st
May 2020.
o Wages - overtime for April 2020 €3,200,000
o Petrol for delivery vans (inclusive of VAT @ 13.5%) € 150,000
o Legal fees (inclusive of VAT @ 23%) €1,230,000
Inventory on hand @ 30th
April 2020 is valued at €171,250,000
Amounts due from trade receivables at 30th
April 2020 are expected to be received 50% in May
and remainder in June
Amounts due to trade payables at 30th
April 2020 are expected to be paid in full in May.
4. 4
Appendix 2 – Financial projections for six months ended 31st
October 2020
Plan Stepdown
Athlete Wear produce high quality, durable, branded sport wear for athletes. This is an elite market
reliant on high profile sporting event endorsements and branding. Having reviewed the success of
companies such as lululemon athletica inc., Plan Stepdown proposes to diversify into the general leisure
wear market with Athlete Wear’s own version of light-weight sport wear for general leisure use. As this
product line will not be elite sport wear it will be less expensive to produce but, as it is important not to
compromise Athlete Wear’s quality reputation, it will still be more expensive to produce than competitor
products. Direct costs per unit are forecast as…
Cost type Per unit
Materials: €43 per meter (inclusive of VAT @ 23%) 2 meters
Labour: €15 per hour 7 hours
Plan Stepdown will aim its product at the quality end of the leisure wear market and the expected selling
price of €250 per unit will reflect this.
As it also envisages that the product line expanding in the future Plan Stepdown has provisionally signed
up two well-known online ‘influencers’ to promote the product and enhance its marketability for the next
six months. These influencers will each be paid €25,000 + VAT @ 23% per month for the promotion
campaign.
Other cost projections to be considered are:
Note: The following cost projections have been stated inclusive of VAT as follows:
VAT @ 23% VAT @ 13.5%
Selling expenses Light & heat
Advertising Petrol
Maintenance & repairs
Motor expenses (note: €1,872,750 relates to petrol costs)
Office expenses
Fixed costs May June July August September October Total
Admin/sales salaries 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 1,750,000 10,500,000
Light & heat 510,750 510,750 510,750 510,750 510,750 510,750 3,064,500
Selling expenses 1,168,500 1,168,500 1,168,500 1,168,500 1,168,500 1,168,500 7,011,000
Advertising 135,300 135,300 135,300 135,300 135,300 135,300 811,800
Maintenance/repairs 492,000 492,000 492,000 492,000 492,000 492,000 2,952,000
Motor expenses 650,375 650,375 650,375 650,375 650,375 650,375 3,902,250
Office expenses 215,250 215,250 215,250 215,250 215,250 215,250 1,291,500
Depreciation (per depreciation policy)
Loan interest (per loan agreement)
5. 5
In order for this line to be considered successful, it must produce a profit of €12,000,000 by the end of
October 2020. No other product will be produced or sold during this period.
The sales volume required to meet the profit target will be achieved as a percentage of annual sales as
follows:
Month
May 10%
June 10%
July 10%
August 10%
September 20%
October 40%
Expected sales mix per month is expected to be 30% directly to the public via on-line cash sales in Athlete
Wear’s existing on-line store and 70% credit sales on 30 day credit to retail outlets. It is expected that
50% of credit sales receipts will be received in the month following the sale with the remaining 50%
received the following month.
Inventory on hand @ 30th
April 2020 cannot be used in the new product line. Material for the new
production line will be bought in at the start of each month in the required amount to meet that month’s
sales. No inventory of material will be held. All material will be purchased on 30 day credit and paid for in
the month following purchase.
All operating expenses will be paid in the month incurred.
Influencers will be paid their endorsement fees monthly.
No new investment in machinery or equipment is required for the next 6 months.
6. 6
Appendix 3 – Abridged Financial Statements
Income statement for year ended 30th
April 2019 2018
€000 €000
Sales revenue 456,870 491,677
Less: Cost of goods sold (295,900) (323,551)
Gross profit 160,970 168,126
Less expenses (177,160) (113,936)
Profit for the year 43,810 54,190
Balance sheet as at 30th
April 2019 2018
€000 €000
Non-current assets
Property, plant & equipment 176, 250 135,870
Current assets
Inventories 147,500 152,480
Trade receivables 80,350 70,690
Bank 2,950 29,460
Total current assets 230,800 252,630
Total assets 407,050 388,500
Equity and liabilities
Share capital 50,000 50,000
Retained earnings 206,655 162,845
Total equity 256,655 212,845
Non-current liabilities
Loan 69,000 69,000
Current liabilities
Trade payables 43,205 75,465
VAT 32,960 26,320
Accrued expenses 5,230 4,870
Total current liabilities 81,395 106,655
Total liabilities 150,395 175,655
Total equity and liabilities 407,050 388,500
8. 8
TEMPLATE FOR ATHLETE WEAR COMPANY CASE STUDY
Part 1 Trading, profit and loss account and balance sheet, 30th
April 2020
€000 €000
Sales revenue
Less: Cost of goods sold
Gross profit
Less expenses
Wages and salaries
Light and heat
Selling expenses
Advertising
Client entertainment
Legal and professional fees
Maintenance and repairs
Motor expenses
Office expenses
Depreciation expense
Interest expense
Profit for the year
Balance sheet as at 30th
April 2020 €000
Non-current assets
Property, plant & equipment
Current assets
Inventories
Trade receivables
Total current assets
Total assets
Equity and liabilities
Share capital
Retained earnings
Total equity
Non-current liabilities
Loan
Current liabilities
Bank overdraft
Trade payables
VAT payable
Accrued expenses
Total current liabilities
Total liabilities
Total equity and liabilities
9. 9
Part 2
Forecast trading, profit and loss account by month for 6 months ended 31st
October 2020, contribution format
May June July August September October Total
€ € € € € € €
Sales revenue
Less Direct variable costs
Materials cost
Labour cost
=Contribution
Less fixed costs
Admin/sales salaries
Light & heat
Selling expenses
Advertising
Maintenance/repairs
Motor/petrol exps
Office expenses
Depreciation
Loan interest
Endorsement fees
Total fixed costs
Profit/(loss)
10. 10
Note: please show all workings separately
Part 3
Cash forecast for 6 months ended 31st
October 2020
May June July August September October
Receipts (incl. of VAT)
Receipts from Customers
Total receipts
Payments (incl. of VAT)
Payments to Suppliers
Direct wages
Admin/sales salaries
Light & heat
Selling expenses
Advertising
Maintenance/repairs
Motor expenses
Office expenses
Endorsement fees
Loan Interest
VAT payments
Total payments
Net cash movement
Opening Cash balance
Closing cash balance
11. 11
Workings for VAT payment
VAT Return May June July August September October
Outputs
VAT on sales
Inputs - deductions
VAT on purchases
VAT on light & heat
VAT on selling expenses
VAT on advertising
VAT on maint/repairs
VAT on motor expenses
VAT on office expenses
VAT on endorsement fee
VAT amount recoverable
Net payable
Payment
12. 12
Part 4
Liquidity analysis
Ratio analysis 2018 2019 2020
Current ratio
Quick ratio
Receivables days
Payables days
Debt to equity
Observations on liquidity