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have to ask the price for this assignment

Answered Same DaySep 10, 2021

Answer To: have to ask the price for this assignment

Khushboo answered on Sep 17 2021
152 Votes
Instructions
    C-COR Digital Import Pty Ltd
    Financial performance for the year ending 2017 and 2018
    As a business advisor you have been assigned the task to conduct an analytical review of the company’s performance (Profit and loss statement) for the year ending 2017 and 2018
    in line with the company’s master plan to expand its operation to Europe.
    C-COR Management asked you to include in yo
ur analytical review the following:
    1.    Compare and investigate 2017 and 2018 Profit and Loss Statement balances for movement greater than 15% and provide a brief and meaningful explanation for any correlation noted.
    2.    Using Profitability ratios outline whether the company profitability is sustainable in the near future.
    3.    What short term strategy the company should adopt to increase the net profit by 30%
    4.  Advise whether the current company business structure is the most efficient and most suitable to this sort of enterprise.
    5.  Advise on the current format of the Profit and loss Statement and whether it is in line with Australian reporting and statutory requirements
Q1
    C-COR Digital Import Pty Ltd
    Financial performance for the year ending 2018 and 2017
            2018    2017    Movement    % of sales (2018)    % Movement
    SALES
        Sales income    9,800,400    5,402,944    4,397,456    100%    81%
    COST OF SALES
        Purchases    3,549,652    1,030,905    2,518,747    36.22%    244%
        Total Cost of Sales    3,549,652    1,030,905    2,518,747    36.22%    244%
    GROSS PROFIT        6,250,748    4,372,039    1,878,709    63.78%    43%
    EXPENSE
        Accounting fees    64,610    23,898    40,712    0.66%    170%
        Audit fees    15,780    38,510    -22,730    0.16%    -59%
        Bank charges    42,170    23,231    18,939    0.43%    82%
        Business Application Services    24,804    28,512    -3,708    0.25%    -13%
        Commission paid    178,514    109,060    69,454    1.82%    64%
        Consultancy fees    159,970    110,719    49,251    1.63%    44%
        Doubtful debts    12,718    3,000    9,718    0.13%    324%
        Depreciation    69,671    84,383    -14,712    0.71%    -17%
        Distribution costs    1,925    2,423    -498    0.02%    -21%
        Donations    7,757    42,574    -34,817    0.08%    -82%
        Electricity    25,847    24,305    1,542    0.26%    6%
        Entertainment expenses    7,445    9,033    -1,588    0.08%    -18%
        Cartage & Logistic    101,460    108,698    -7,238    1.04%    -7%
        Fringe benefits tax    22,346    25,155    -2,809    0.23%    -11%
        Fuel and oil    17,861    379    17,482    0.18%    4613%
        Holiday pay    20,638    5,933    14,705    0.21%    248%
        Insurance    62,020    57,121    4,899    0.63%    9%
        Interest paid    198,343    190,822    7,521    2.02%    4%
        IT costs    7,022    7,820    -798    0.07%    -10%
        Legal costs    8,223    4,673    3,550    0.08%    76%
        Licensing fees    1,540    550    990    0.02%    180%
        Long service leave    2,499    23,623    -21,124    0.03%    -89%
        Marketing & communication    133,242    170,941    -37,699    1.36%    -22%
        Motor vehicle expenses    92,487    60,241    32,246    0.94%    54%
        Network Application Services    45,139    58,235    -13,096    0.46%    -22%
        Payroll tax    57,786    32,801    24,985    0.59%    76%
        Postage    3,789    4,005    -216    0.04%    -5%
        Quality costs    24,726    19,111    5,615    0.25%    29%
        Rent    237,015    211,855    25,160    2.42%    12%
        Repairs and maintenance    48,731    33,844    14,887    0.50%    44%
        Salaries and wages    1,459,227    994,360    464,867    14.89%    47%
        Other Personel costs    70,601    -111,493    182,094    0.72%    -163%
        Security costs    12,138    15,682    -3,544    0.12%    -23%
        Temporary Personel    190,578    177,678    12,900    1.94%    7%
        Staff training and welfare    49,553    19,266    30,287    0.51%    157%
        Stamp duty    12,552    8,127    4,425    0.13%    54%
        Storage fees    23450    27890    -4,440    0.24%    -16%
        Sundry expenses    25,213    32,425    -7,212    0.26%    -22%
        Superannuation    176,533    125,817    50,716    1.80%    40%
        Telephone    85,316    69,057    16,259    0.87%    24%
        Travelling expenses    237,149    253,533    -16,384    2.42%    -6%
        Warranty expense    27,199    -221,205    248,404    0.28%    -112%
        Workcover    7,890    5,860    2,030    0.08%    35%
        Total Expense    4,073,477    2,912,452    1,161,025    41.56%    40%
    OTHER REVENUE
        Commission received    25,000    29,000    -4,000    0.26%    -14%
        Interest Income    6,864    9,096    -2,232    0.07%    -25%
        Foreign currency translation gains/loss    -349,954    -220,355    -129,599    -3.57%    59%
        Total Other Revenue    -318,090    -182,259    -135,831    -3.25%    75%
    NET PROFIT BEFORE...
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