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Assignment on Manage Finance in Company

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Added on  2020-04-21

Assignment on Manage Finance in Company

   Added on 2020-04-21

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Running head: MANAGE FINANCEManage FinanceName of the Student:Name of the University:Authors Note:
Assignment on Manage Finance in Company_1
MANAGE FINANCE1Table of ContentsSales and Profit Budget...................................................................................................................1Answer to Prompt Questions...........................................................................................................4Answer to Question 1:.....................................................................................................................4Answer to Question 2:.....................................................................................................................5Answer to Question 3:.....................................................................................................................5Answer to Question 4:.....................................................................................................................6Answer to Question 5:.....................................................................................................................6Answer to Question 6:.....................................................................................................................7Answer to Question 7:.....................................................................................................................7Answer to Question 8:.....................................................................................................................8Reference.........................................................................................................................................9
Assignment on Manage Finance in Company_2
MANAGE FINANCE2Sales and Profit Budget– Insurance$13,390$3,348$3,348$3,348– Store Supplies$3,749$937$937$937– Advertising$350,000$200,000$50,000$50,000– Cleaning$16,282$3,256$3,908$4,233$64,272$16,068$16,068$16,068– Rent$2,640,508$660,127$660,127$660,127– Telephone$14,997$2,999$3,599$3,899– Electricity Expense$26,780$5,356$6,427$6,963– Luxury Car Tax$12,000$12,000$0$0– Fringe Benefits Tax$28,000$7,000$7,000$7,000– Superannuation$187,020$37,404$44,885$48,625– Wages & Salaries$2,078,000$415,600$498,720$540,280– Payroll Tax$98,705$19,741$23,689$25,663$41,560$8,312$9,974$10,806Total Expenses$5,841,371$1,458,676$1,395,209$1,444,476Net Profit (Before Tax)$1,456,261$851$356,222$452,908Income Tax$436,878$255$106,867$135,872Net Profit$1,019,383$596$249,356$317,036Computation of Sales Growth RateYearSalesSales growth% growth2011-1212,474,3362012-1313,472,315997,9798%2013-1414,550,1001,077,7858%2014-1515,714,1081,164,0088%AVG8%– Repairs & Maintenance– Workers’ CompensationTable 1: Sales and Profit Budget(Source: Created by Author)
Assignment on Manage Finance in Company_3

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