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Assignment Activity 1
    Data from profit and loss statement for six months
     
     
     
    1-Jan-19 to 30-June-19
    1-July-19 to 31-Dec-19
     
    $
    $
    Sales
     710,000
     745,500
    Cost of goods sold
    360000
    370000
    Gross Profit
     350,000
     375,500
    Less: Expenses
     
     
    Salaries and wages
    200000
    202000
    Other expenses
    20000
    22000
    Marketing and sales promotion
    40000
    40000
    Net Profit (Gross profit-Expenses)
     90,000
     111,500
Assignment Activity 2
SWOT analysis is the analysis method used by organizations to understand their Strengths, Weaknesses, Opportunities and Threats.
Strengths- lies in the nature of the business as one of the division focuses on serving organic, healthy and natural food which is in great demand owing to increased health awareness and the other caters to kids and young adults who are fascinated towards junk food like snacks and aerated beverages.
Weaknesses-The two food divisions are opposite in nature to each other and at time compete with each other.
Opportunities- The combined businesses offer great choices to customers and the business has great expansion opportunity .Also the business is contemplating partnering with corporates for supplying lunches to employees at discounted prices.
Threats-The growing food prices is the major concern which put tremendous pressures on costs and hence operating margins
Assignment Activity 3
Any business having annual turnover greater than $75000 is required to register for GST. This limit is $150,000 per year for not-for-profit organization. Since, the given business has a turnover of 2.5 million dollar; it is required to register for GST by acquiring a Australian Business Number first. For any sale made above $82.50, the input GST can be claimed only if there exists a tax...