ACC00724 – Accounting for Managers

Last Updated on

Sample Assignments

You can download the sample Finance Resource essay on Accounting for Managers with the following question for free at the end of this page. For further assistance with Finance Assignment help, please check our offerings in Finance assignment solutions. Our subject-matter experts provide online assignment help to Finance students from across the world and deliver plagiarism free solution with a free Turnitin report with every solution.

(AssignmentEssayHelp does not recommend anyone to use this sample as their own work.)

Accounting Assignment Question

 

QUESTIONS 1

The investors of Lennox Surfers P/L have been provided the following financial statements for 2014 and 2015 financial year . Calculate the following ratios and comment on the profitability and efficiency of the business:

Profitability ratios

Net profit margin 

Gross profit margin

ROA

Efficiency ratios

Inventory turnover period

Average accounts receivable period

Asset turnover

QUESTIONS 2

In relation to recent corporate crashes, what have been the main lessons/faults associated with the accounting information system and/or process? Explain 

Question 3

For each of the following items, state whether it is either; 

Revenue or Expense or Asset or Liability or Equity.  

  1. A loan to another company

  2. Shares issued to the public 

  3. Inventory purchased last week

  4. Depreciation of equipment

  5. Provision for long service leave

  6. Excess payment to the tax department

  7. Shares owned in another company

  8. Accounts payable

  9. Prepaid insurance premiums

  10. Deposit paid by a customer for work yet to be done

  11. Credit sales

  12. Cash sales

  13. Retained profit

  14. Advertising

  15. Bad debts

  16. Dividend declared, not yet paid

  17. Singed a contract for a $300,000 building

  18. Undertook basic research for $40,000 on a new product

  19. Delivered goods to a customer related to credit sales contract

  20. Special staff training program related to new regulations cost $10,000

  21. Cash purchase of a new computer for $23,000

  22. Paid initial payment of $5,000 related to the financial lease of a bus

 

Accounting Assignment Solution

Question 1:

 

The following ratios will be calculated on the basis of the financial statements which have been provided by Lennox Surfers for the years 2014 and 2015.

Profitability Ratios:  

 

The following ratios would be calculated to understand the profitability of the firm.

Gross Profit Margin:

 

Gross Profit Margin=Gross Profit ($’000) /Sales ($’000) (Robert N Anthony, 2010)

For the year 2014:

Gross Profit Margin=1440/3600

      =40%

For the year 2015:

Gross Profit Margin=1590/3840

      =41.4%

Net Profit Margin:

 

Net Profit Margin=Net Profit ($’000) /Sales ($’000) (Investopedia, 2015)…………………..

 

 

Download this Assignment Sample for FREE
  1. This form collects your email so that we can correspond with you through our newsletters. Checkout our Privacy policy for more information.
  2. Yes, i consent to this conditions.

Order Now