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    Fina 1149 rp2

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    traquang2004
    The document provides financial information for a bicycle repair shop including a profit and loss statement and statement of financial position for 20X4, as well as sales and profit figures for 20X4 and 20X5. It also includes a cash flow budget for an event planning business for the six months to June 20X5.

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    Fina 1149 rp2

    Uploaded by

    traquang2004
    10 views4 pages
    The document provides financial information for a bicycle repair shop including a profit and loss statement and statement of financial position for 20X4, as well as sales and profit figures for 20X4 and 20X5. It also includes a cash flow budget for an event planning business for the six months to June 20X5.

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    © © All Rights Reserved

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    The document provides financial information for a bicycle repair shop including a profit and loss statement and statement of financial position for 20X4, as well as sales and profit figures for 20X4 and 20X5. It also includes a cash flow budget for an event planning business for the six months to June 20X5.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views4 pages

    Fina 1149 rp2

    Uploaded by

    traquang2004
    The document provides financial information for a bicycle repair shop including a profit and loss statement and statement of financial position for 20X4, as well as sales and profit figures for 20X4 and 20X5. It also includes a cash flow budget for an event planning business for the six months to June 20X5.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    University of Greenwich ID Number: 001304373

    Module Code: FINA 1149

    Module Assessment Title: FINA1149 Report 2

    Lecturer Name: DO THU TRANG

    Submission Date:
    Case Scenario 1
    1.
    a. Statement of profit and loss

    Revenu 143,52
    e 0
    Less: Cost of sales 96,158
    Opening
    9,274
    inventory
    Purchas 103,22
    es 1
    Closing inventory 16,337
    Gross Profit 47,362

    Repairs service expenses - bicycle parts 1,317


    Profit from repair services 3,072
    Total profit 50,434
    Bank interest received 118

    Expens
    50,552
    es
    Rental expense 16,500
    Insuran
    2,023
    ce
    Electricity 2,056
    Administrator 2,278
    Assistant's wages 8,902
    Total expenses 31,759

    Net profit 18,793

    b. Statement of financial position

    Assets
    Non-current
    3,823
    assets
    Current assets
    Bank 1,685
    Trade receivables 1,800
    Inventory 16,33
    (closing) 7
    23,64
    Total assets 5

    Capital and Liabilities


    Capita
    l
    Opening capital balance 1 March 19,77
    20X4 6
    18,79
    Add: Net profit for the year 3
    23,15
    Less: Drawings 3
    15,41
    Total capital 6

    Liabilities
    Current liabilities 8,229
    Trade payable 8,229

    23,64
    Total capital and liabilities 5

    2.

    20X4 20X5
    143,52
    Bicycle sales for the year 164,728
    0
    Gross profit on bicycle sales 49,418 47,362
    Gross profit margin 30% 33%
    Profit on repairs service 3,422 4,389
    Total expenses 27,263 31,759
    Interest received 260 118
    Net profit 25,837 18,793
    Net profit margin 15.70% 13%

    Case Scenario 3- Sacha Fierce


    1. Budget cash flow statement for the six months to 30 June 20X5
    Jan Feb Mar Apr May Jun
    Cash receipts
    Conference business 1,200 4,800
    13,48 16,24 17,98 17,40 22,47 22,50
    Hotel room 5 0 0 0 5 0
    Hotel bar 5,000 6,000 6,000 6,000 6,000 6,000
    19,68 22,24 23,98 28,20 28,47 28,50
    Total cash receipts 5 0 0 0 5 0
    Cash payment
    20,00 15,00
    Advertising campaign 0 0
    14,00 14,00 14,00 14,00 15,50 15,50
    Staffing costs 0 0 0 0 0 0
    Food, wine, and other consumables 6,000 6,000 7,500 6,000 6,000
    General administration,
    telephone,
    electricity and premises 3,000 3,000 3,000 3,000 3,000
    34,00 38,00 23,00 24,50 24,50 24,50
    Total cash payment 0 0 0 0 0 0
    - -
    14,31 15,76
    Net cash inflow/ outflow 5 0 980 3,700 3,975 4,000
    30,00 15,68
    Opening cash balance 0 5 -75 905 4,605 8,580
    15,68 12,58
    Closing cash balance 5 -75 905 4,605 8,580 0

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