This is case stydy assignment. It has three sections. A,B and C
assignment mention about the presentation. Pls dont do the presenation. I want to answers for the questions for all three task.
NSYSU IB521 IMBA Spring 2022 Accounting 國立中山大學 Final Case Study Group Video Presentation: Assessment - 40% . Your Submission Due: Week 16, Wednesday, May 31, 2023, 12:00 (noon) Late penalty: 1 mark per every 5 minutes late (100% after 30 minutes) Group Size: 3 - 5 members Video Length: 10 - 15 minutes. Over length penalty: Content beyond the 15 minute mark NOT graded Audio: Audio should be absent ambient noise. Video: Video should be of decent quality Face: Faces must be visible in the video (without mask) Each member: Must have a speaking role in the video Answers: Calculations must be displayed in the video Answers without proof: NOT graded Each question / answer : Must be clearly identified AI produced work: Considered plagiarism. Will result in an automatic fail Submission: Video file submitted to Google Classroom Referencing: Required as per Harvard (where required) Name submitted video file: English FirstName_LastName_Student# 1 Course Learning Outcomes (CLOs) • Identify and justify various approaches to measuring an organization’s performance, including financial performance, social performance, and environmental performance. • Interpret and analyze a range of approaches to providing accountability, including measuring the performance of an organization inclusive of financial performance, social performance, and environmental performance. • Analyze case studies to identify instances that justify accounting as a technical and social prac- tice in a changing and interconnected world. • Explain the role of accounting in managing a business or organization, including the concept of resources available for business uptake and how costs are implicated in using such resources. • Justify why different perspectives of the roles of organizations within society will, in turn, in- fluence the types of accounts we would expect an organization to produce • Application of technical skills to analyze big data and provide visualizations to evaluate impli- cations for practice. 2 Case Background Donggang, a picturesque coastal town on the southern shores of Taiwan, is a popular tourist destina- tion known for its fresh seafood, natural attractions, and cultural events. The town operates under an academic year that runs from September to June, with winter and summer breaks in January and July, respectively. During the Lunar New Year holiday, employees are entitled to take time off work, and some businesses may suspend their operations temporarily. The town experiences varying weather conditions making it an attractive destination during peak seasons. Tourism is a significant contributor to the economy of Donggang, with many accommodation options available to visitors, such as hotels, holiday homes, Airbnb, and two large caravan parks. The caravan parks are owned by the local council of Donggang, which provides several facilities and services to attract tourists to the town. Along with the natural attractions, the town also hosts cultural events such as music and literary festivals. Like the rest of Taiwan, Donggang operates under a tax system that includes personal and corporate income taxes, and not-for-profit organizations can be exempt from corporate income tax if they meet certain criteria. The Donggang Fishing Boat Association (DFBA) is an example of such an organiza- tion, which provides volunteer lifeguards who watch over swimmers and monitor the water. DFBA was founded over 70 years ago by a small group and has since grown into a sizable association that trains volunteers to be lifeguards and provides a roster for them to patrol the beach. DFBA is widely respected in Taiwan and enjoys great support from both locals and visitors. The association has a club that allows members to socialize, and the clubrooms are built on the dunes above the ocean beach. Over the years, DFBA has raised funds to build and maintain them, with permanent residents and visitors participating in fundraising events. DFBA has also successfully applied for grants from all levels of government. Donggang is a convenient stop for travelers, as a major highway connecting several cities in southern Taiwan passes through the town. The town experiences varying weather conditions throughout the year, with mid-May to the end of October being typically cool, windy, and rainy. The days are mostly warm and calm from November to early December, but occasional cold and windy days can occur. From late December to the end of March, the weather is generally warm and sunny, with some sweltering days. April is mostly pleasant, with a few warm days. Considering the thriving community, natural and cultural attractions, and the contributions of DFBA as a volunteer association, Donggang has become a highly sought-after destination for travelers. The town offers a variety of accommodation options and hosts numerous cultural events, making it an attractive destination. Its two beaches also add to the town’s charm, providing visitors with a memorable experience. 3 Part A Date: May 2021 Donggang Fishing Boat Association (DFBA) The DFBA previously used a section of their club rooms to operate a basic kiosk that sold club mem- bers and beachgoers coffee, tea, ice cream, and soft drinks. The kiosk was managed by volunteers, who found it challenging to maintain a roster. Despite its dingy appearance, the kiosk attracted both members and visitors. In 2021, the DFBA committee decided to follow the example of other fishing clubs by renting out the space to commercial entities to run kiosks or coffee shops. This would enable the association to earn funds through rent without having to manage the day-to-day operations of the new coffee shop. The DFBA recently concluded a tender process to select a commercial enter- prise to take over the kiosk, and Formosa Feast Co (FFC) (discussed below) was chosen. The initial contract will run from 1 July 2021 to 30 June 2022, with expectations for it to be renewed. DFBA and FFC Contract: A Partnership DFBAs and FFCs have mutually agreed to name the coffee shop Café Hsu in honor of Ms. Hsu Si, one of the first members serving with DFBA, who later served as the head of the local government authority in Donggang. Ms. Si, who is now ninety years old, expressed her delight at the honor. To fulfill the contract, DFBA is preparing the highest clubhouse level for the café, which will offer ocean views. The area is being refurbished with fresh paint in colors suitable for a surf beach loca- tion. FFC will pay rent to DFBA and will be allowed to use some equipment, including a refrigerator, a freezer of the appropriate size, and some necessary cooking facilities. DFBA will bear the respon- sibility for utility costs and take out some insurance, but FFC will also need to secure its insurance coverage. DFBA will undertake marketing activities to promote Café Hsu in Donggang, and FFC will rely on this marketing and the general goodwill of the community Formosa Catering Ltd (FFC) Wu Li-ting, a Donggang native, returned to her hometown two years ago after completing her food services degree at a regional university. Her ten years of experience in the hospitality industry on cruise ships allowed her to save considerable money. Li-ting used her savings and inheritance to purchase a small house in the town center and establish FFC. She works alone as the sole shareholder and employee, handling all the baking, food preparation, serving, and administrative duties. Si helped Li-ting select the location of her house to ensure that the Donggang and local government authority would permit her to operate her business, and FFC invested in a commercial kitchen that meets safety and health regulations. 4 For the past two years, FFC has provided catering services to residents and businesses in the broader Donggang region. However, after securing the contract to manage Café Hsu, FFC will focus on setting up and operating the café for the next few years and will not take on any other catering commitments. Café Hsu: Trading Days / Season The information about Café Hsu indicates that there are certain times of the year when the café is busier than others. According to Li-ting’s research, the year can be divided into two parts: the high season, which lasts from November to April and includes the mildest months and Donggang festivals, and the low season, which spans from May to October. DFBA and FFC have determined that the café will only be open on weekends during the low season but will be open every day except for Christmas Day during the high season, with trading hours from 7 am to 5 pm. Café Hsu’s first trading day was Saturday, July 3, 2021. Figure 1 outlines the days the café is expected to be open from July 1, 2021, to June 30, 2022. Figure 1: Number of trading days for each month starting in July 2021 Café Hsu: Number of customers patronizing Café Hsu expects to serve an average of 50 customers per day during the low season, while in the high season, it anticipates serving 250 customers daily. The café will offer seven items for sale with 5 fixed prices from 1 July 2021 to 30 June 2022. The variable cost per item varies for different items. The variable cost for soft drinks and ice creams is the amount paid per item for inventory, while for tea and coffee, it includes the costs of consumables such as coffee beans, milk, and sugar. For cakes, the variable cost is the amount paid to the local supplier, and for snacks, it is the cost of ingredients and Li-ting’s labor in preparing them. Li-ting has predicted the popularity of each item based on 100 customers, and the pattern of buying items varies for the two seasons. The number of items per 100 customers is shown in Table 2. On an average high season day with 250 customers, 125 coffees and 40 teas are expected to be sold, along with 50 cans of soft drinks and 50 ice creams. Additionally, customers will purchase 25 breakfast and 25 lunch snacks and 75 cakes. Although some customers may order multiple beverages, others may not order any or purchase other items. Figure 2: Café Hsu’s: Sales Projections and Pricing Strategy Café Hsu: Payment methods Café Hsu plans to accept cash and credit/debit card payments from its customers. Café Hsu has partnered with EasyCard, a card service provider, to facilitate the card payment service. As part of the service agreement, Café Hsu must pay an annual fee of $1,200 to EasyCard, in addition to 1.5% of all card transactions. The annual fee is due on July 1, 2021, and will be paid by Café Hsu to EasyCard. Daily, EasyCard will deduct its 1.5% fee from the total card transactions and forward the remainder of the payment to Café Hsu by 11 pm. For instance, if Café Hsu collects $1,000 in card payments on a particular day, EasyCard will keep $15 as its fee and forward the remaining $985 to Café Hsu by 11 pm that night. Since half of the customers are expected to pay by card, Café Hsu must be prepared to handle cash and card transactions efficiently to ensure smooth business operations. 6 Café Hsu: Staffing Costs Li-ting will work at Café Hsu, but additional staff will be needed to assist with operations. FFC will source staff for the café from RmustafePeople, which handles staff payments, income tax, and superannuation. The café will have a manager on duty during all operating hours, either Li-ting or a staff member from the agency. In addition to the manager, there will be other staff working as servers depending on the season. The café will be open for 10 hours each trading day, from 7 am to 5 pm. For the high season, staffing will be based on anticipated busy times. From 8:00 am to 10:00 am, one server will assist the manager during breakfast hours. From 10 am to 12 noon, a manager and two servers will be present, and from 12 noon to 2 pm, the busiest period, the manager and three servers will work in the café. From 2 pm to 4 pm, one manager and one server will be working as patronage slows down. From 4 pm to 5 pm, the manager will be working alone. Table 3 illustrates the staffing plan for the high season. During the first hour of opening, the manager will work alone as it is not expected to be busy. As the café gets busier, more staff will be rostered on. Li-ting will manage the café for 5 hours per day in the low season, while in the high season, the agency staff will take over the manager role. In the low season, the café’s staffing plan is less complex. The café will be open ten hours daily, from 7 am to 5 pm, with a manager on duty for the entire shift. During this time, a server will work four hours daily, from 10 am to 2 pm. Table 3 also visually represents how the café will be staffed during the low season. This simpler staffing plan reflects the anticipated lower patronage levels during this time. By contrast, the high season will require more staff to accommodate the expected customer increase. Regardless of the season, the staffing plan will ensure that the café can provide efficient, high-quality customer service. ReliableCafePeople, the agency responsible for providing staff for Café Hsu, will invoice FFC by the end of the first week of the following month for the labor obtained in the previous month, with payment due in 30 days. For instance, the invoice for staff labor in July 2021 will be received by FFC by the end of the first week of August, and payment will be made in September 2021. The cost of