Posted: May 28th, 2015
Section1
Section1
Section2 500 words
??c) Report explanation
Required: Provide one page report to your clients explaining how you determined the budgeted figures and how the business is expected to perform (max 750 words)
Section3 200 words
b) Required: State what other factors should be included in a forecast analysis? What specific factors would be relevant to Gabby and Pat’s business? (max 300 words) ??
Section 4 all for writing,?? 600 words
1. 35,000 cost- loan, back loans, what different of each loans. If overdraw for the business you always apply form to the bank invade the penalty. Overdraft facility fees
Eg: overdraft $25000
bank balance $10000
($12000)
$2000
+5000
Friends
Grain from the government
2. $3000 per month
Also the both optometry are going to have pretty much same fix price and can be able to earn the revenue to pay those rent
3. $75000 per year salary. Once you sure you can gain enough to pay employee salary, then you can able to open the new optometries business
Sell the business such as competitors, franchise,
Pass the business to the family members
Winding up the business
Sell the partnership to others –partnership agreement
One partner wants to leave — become a Sole trade business
Renting out
TOTAL REVENUE
Gst Free Lens Sales 55% 17478.18107 16021.28489 29950.88138 28340.58105 30029.85784 28424.20318 29310.86847 30155.29104 28549.63639 28975.4721 30280.72424 28675.06959 333367.7831
Gst Frame & Product Sales 30% 9533.553309 8738.882667 16336.84439 15458.49875 16379.92246 15504.11083 15987.74644 16448.34057 15572.52894 15804.80296 16516.75867 15640.94705 181836.9726
Gst Free Medicare – Eye Testing 14% 4448.991544 4078.145245 7623.860714 7213.966085 7643.963813 7235.25172 7460.948337 7675.892264 7267.180171 7375.574715 7707.820715 7299.108622 84857.25388
Other Sales and Services 1% 317.7851103 291.2960889 544.5614795 515.2832918 545.9974152 516.8036943 532.9248812 548.2780188 519.0842979 526.8267654 550.5586225 521.3649016 6061.23242
STEP 2 Total Sales Gross Proft /0.7 31778.51103 29129.60889 54456.14795 51528.32918 54599.74152 51680.36943 53292.48812 54827.80188 51908.42979 52682.67654 55055.86225 52136.49016 606123.242
Cost Of Sales
Gst Free Lens Product Purchase 52% 4957.447721 4544.218987 8495.159081 8038.419352 8517.559677 8062.13763 8313.628147 8553.137094 8097.715047 8218.49754 8588.714511 8133.292464 94555.22575
Gst Frame Product Purchase 5% 476.6776655 436.9441334 816.8422193 772.9249377 818.9961228 775.2055414 799.3873218 822.4170283 778.6264469 790.240148 825.8379337 782.0473524 9091.84863
Gst Specialist Fitting Services 43% 4099.427923 3757.719547 7024.843086 6647.154464 7043.366656 6666.767656 6874.730967 7072.786443 6696.187443 6796.065273 7102.20623 6725.60723 78189.89822
Total Cost Of Sales 9533.553309 8738.882667 16336.84439 15458.49875 16379.92246 15504.11083 15987.74644 16448.34057 15572.52894 15804.80296 16516.75867 15640.94705 181836.9726
STEP1 Gross Profit IF (C57>0,107.5269%)*C57 22244.95772 20390.72622 38119.30357 36069.83043 38219.81906 36176.2586 37304.74168 38379.46132 36335.90085 36877.87358 38539.10357 36495.54311 424286.2694
Expenses (Refer to the CashFlow and Select Expense Accounts)
Depreciation
GST Accountancy Fees 1,000 50 50 50 50 50 50 50 50 50 50 50 50 1,600
GST Advertising 0
No GST Bank charges 13 15 19 21 23 26 29 31 34 36 39 42 631
No GST Depreciation
Depends-cleaner GSTregistered Cleaning 0 0 0 0 0 0 0 0 0 0 0 0 0 0
GST Merchant Credit Card Fees 63 94 156 198 245 292 339 386 433 480 526 573 3,784
GST* Employment Costs – Workers Comp 600 0 0 0 0 0 0 0 0 0 0 0 600
GST* Insurance – Building Contents & Public Liability 182 182 182 182 182 182 182 182 182 182 182 182 2,182
GST* Insurance – Life Insurance 86 86 86 86 86 86 86 86 86 86 86 86 1,036
GST* Insurance – Other 0 0 0 0 0 0 0 0 0 0 0 0 0
GST* Insurance – Professional Indemnity 2,000 0 0 0 0 0 0 0 0 0 0 0 2,000
No GST Interest expense – Loan 3,000 0 0 0 0 0 0 0 0 0 0 0 3,000
GST Subscriptions and Memberships 318 318 318 318 318 318 318 318 318 318 318 318 3,818
GST Internet Costs 400 90 90 90 90 90 90 90 90 90 90 90 90 1,480
GST Legal Fees 1,000 0 0 0 0 0 0 0 0 0 0 0 0 1,000
GST Light & Power (Electricity) 100 100 100 100 100 100 100 100 100 100 100 100 1,200
GST Marketing/promotion costs 2,000 0 0 0 0 0 0 0 0 0 0 0 0 2,000
Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0 0
GST Motor Vehicle exp 91 91 91 91 91 91 91 91 91 91 91 91 1,091
No GST Donations 10 10 10 10 10 10 10 10 10 10 10 10 120
GST Postage & Courier 36 36 36 36 36 36 36 36 36 36 36 36 436
GST Rent 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 36,000
GST Repairs and maintenance 373 227 0 0 0 0 0 0 0 0 227 0 0 827
This is Gross Wages Salaries and wages 11,976 12,946 13,916 12,946 13,916 12,946 12,946 13,916 12,946 12,946 13,916 12,946 158,263
GST(simplified) Staff Amenities 150 132 132 132 132 132 132 132 132 132 132 132 132 1,734
Employer Super 9.5% Superannuation 1,411 1,511 $16,962 $15,982 $16,962 $15,982 $15,982 $16,962 $15,982 $16,210 $16,962 $15,982 166,894
GST Telephone 268 182 182 182 182 182 182 182 182 182 182 182 182 2,450
GST Staff training and development 0 0 0 0 0 0 1,000 0 0 0 0 0 1,000
Depends- International? Conference Travel 0 0 0 0 0 0 0 0 0 0 0 0 0
GST Messaging Service 40 40 40 40 40 40 40 40 40 40 40 40 480
No GST Water Rates 80 80 80 80 80 80 80 80 80 80 80 80 960
LET SAY THESE ARE THE TOTAL PER MONTH 8,191 20,688 18,963 35,451 33,545 35,544 33,644 34,693 35,693 33,792 34,296 35,841 33,941 394,586
Net Profit / (Loss) Net profit is 7% of Gross Profit 1,557 1,427 2,668 2,525 2,675 2,532 2,611 2,687 2,544 2,581 2,698 2,555 29,700
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