新西兰ACCT502作业代写，Accounting Essentials课程论文辅导
来自新西兰代写的顾客授权发布的accounting essentials，ACCT502作业要求片段，为保护顾客隐私，我们不会将ACCT502的答案或sample发布在网站，我们曾经写过ACCT502及相关的accounting essentials类型课程的很多作业及考试、如果你也需要代写这个课程的作业请联系客服WX:QQ 7878393 ，ExcellentDue的代写服务覆盖全球华人留学生，可以为NZ的学生提供非常准时精湛的服务，小作业assignment代写、essay代写，享适时优惠，project、paper代写、论文代写支持分期付款，网课代修、exam代考预约时刻爆单中赶紧来撩。
新西兰是一个发达的资本主义国家，在新西兰，商科专业是王牌中的王牌专业。同时新西兰的会计专业是新西兰的热门移民专业，不仅在新西兰的就业前景好，其会计资格证也是受到全球认可。
Question:
Section 1:
Income Statement
The following are financial information from Sunshine Coast Ltd for the 12-month reporting period ended 30 June 2021 on a cash basis:
|
You have also been provided with the following additional information:
- The accounts receivable and accounts payable balances at the start of the reporting period were $24,600 and $14,700 respectively. At the end of the reporting period, accounts receivable was $31 800 and accounts payable was $29,640.
- An advertising invoice of $4,440 had not been paid.
- The business has equipment that cost $60,600. It has a useful life of five years and an expected residual value of $6,600.
- The insurance expense represents the 12-month premium on a policy that was purchased on 30 April 2021.
Required:
- Prepare the Income Statement for Sunshine Coast Ltd for the year ended 30 June 2021 on an accrual basis.
Angela Joss, the CEO of Sunshine Coast Ltd is confused about cash basis and accrual basis. She is also confused about which basis is more useful to measure financial performance in the Income statement. She is a lawyer by profession and has limited knowledge of accounting.
Required:
Prepare a memo advising Angela on which basis is more useful to measure financial performance and provide reasons. To support your argument, provide two examples from the income statement that you prepared in question 1 above.
Section 2:
Analysis and interpretation of financial statements
Wilson Ltd., a new medium-sized company operating in the agri-food sector, produces quality prepared food products. The following table illustrates the average performance of other companies in the same sector for 2020.
Industry Average Results, 2020
| Return on equity (ROE) | 27% |
| Asset turnover | 2 |
| Current ratio | 6.5 |
| Debt to equity ratio | 70% |
The following information has been extracted from the financial statements for 2020 and 2019 for Wilson Ltd.
| 2020 $ | 2019 $ | |
| Net profit for the year ended 30 June | 200,000 | 190,000 |
| Sales revenue for the year ended 30 June | 2,100,000 | 1,600,000 |
| Current assets as at 30 June | 801,000 | 855,000 |
| Non-current assets as at 30 June | 950,000 | 703,000 |
| Current liabilities as at 30 June | 155,000 | 345,000 |
| Non-current liabilities as at 30 June | 660,000 | 500,000 |
Calculate the following ratios for Wilson Ltd for the year ended 30 June 2020. (all ratios must be rounded up to 2 decimal places)
- Return on Equity (ROE)
- Asset turnover
- Current ratio
- Debt to equity ratio
Comment on the company’s profitability and liquidity for the year ended 2020 using the relevant ratios calculated in 1 above and the industry averages given in the question. Also, make recommendations to improve the company’s profitability and liquidity position.
Section 3:
Cost-volume-profit analysis
Wormy Comp is a manufacturer of plastic worm farms. Data relating to their one product for 2020 is as follows:
| Annual volume | 18,000 |
| Selling price per unit | $560 |
| Variable manufacturing cost per unit | $230 |
| Annual fixed manufacturing costs | $2,800,000 |
| Variable marketing and distribution costs per unit | $45 |
| Annual fixed non-manufacturing costs | $1,800,000 |
Required:
Covid-19 has increased the prices of plastic. This increased the variable manufacturing cost to $250 per unit. However, the company has managed to reduce their factory rental by $100,000, which has saved money on fixed manufacturing costs. Calculate the units that would need to be sold in 2021 to achieve the same profit as 2020. Comment on the impact of Covid-19 on the costs for 2020 using the relevant figures you calculated above.
Safety First is a manufacturer of life jackets, life vests and buoyancy aids. They have provided the following information relating to the sales of their products in 2020:
| Life Jackets | Life Vests | Buoyancy aids | |
| Sales mix (8,500 units) | 2,000 | 2,600 | 3,900 |
| Selling price | $120 | $110 | $85 |
| Variable cost/unit | $45 | $30 | $25 |
Total Fixed costs = $515,000
- Calculate the break-even point in total units and units per product for 2020, using the following table:
| Life Jackets | Life Vests | Buoyancy Aids | Total | |
| Unit sales | ||||
| Contribution margin | ||||
| Sales mix % | ||||
| Weighted Average Contribution Margin |
Calculate the total profit for 2020. Show all your workings.
Safety First is rearranging its store and wants to ensure that they make the best use of the limited space available to maximise sales possibilities. They have 150 metres of space available, and the 3 products use up space as follows:
| Life Jackets | Life Vests | Buoyancy Aids | |
| Contribution margin per product | $75 | $80 | $60 |
| Minimum shelf space required per product | 2.5 | 1.2 | 1.5 |
How should the shelf space (150 metres) be allocated to the 3 products to maximise the profits? Justify your reasons for the space allocation using the relevant figures calculated above.
Section 4: Budgeting
Bitcom Limited had undertaken the following budget planning. The budget is planned to sell 700 boxes at $700 each. The budget shows that it takes 20 kg of raw material to produce 1 box of the product. Each kg costs $14. The direct labour costs are budgeted at 10 hours per box produced, and the hourly rate for direct labour is $10. Fixed production and fixed administrative expenses are budgeted at 140,000 and 60,000 each. You have also been provided actual income statement information for the month of December 2020 (See the Table below).
Required:
Calculate the budgets alongside the actual results for the month of December 2020, calculate the individual variances, and indicate whether each variance is favourable or unfavourable.
| Budget Data | Actual | Variance | Favourable or Unfavourable | |
| Sales in units | 700 units | 700 | ||
| Sales | $525,000 | |||
| Direct materials cost | $210,000 | |||
| Direct labour cost | $80,850 ($10.5 per hour x 11 hours) | |||
| Fixed production cost | $155,000 | |||
| Fixed administrative expense | $70,000 | |||
| Net Profit | $9,150 |
Based on your answer in required 1. above, briefly explain the possible causes of the variances.
If you are a student from an English-speaking country, please feel free to contact us at [email protected] and we will provide you with an excellent writing service.
为什么选择ExcellentDue 代写
我们的留学生学术服务经验已超十年、超万人在我们的服务中受益，，我们没有任何学术丑闻，我们保护顾客隐私、多元化辅导、写作、越来越多的小伙伴选择ExcellentDue为他们解决棘手的各类作业难题，保障GPA，为留学梦助力！ 知识是可以获得的东西，而思考的习惯和能力却不是那么容易学到的，学习必须和思索交替进行，要学习，即使学习苦得要命， 我们的客服团队及写手老师总是能第一时间响应顾客的各类作业需求，有些人即使有重要的事甚至带伤上场协助考试。Final季，忙的时候一天十几场考试还在继续坚持着，我知道，他们明明可以不用这么辛苦的…但是他们为了坚守承诺，为了另一端屏幕外的那一份期望，他们没有选择退缩、时刻为同学们提供最好的！这么有温度的代写还不添加备用一下？WX/QQ： 7878393
