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ACCT801 219 Assignment 2 Template

This document contains financial information and projections for Crazy Tours Limited. It includes income statements and cash flow projections for 2021-2023, as well as a 2023 monthly cash flow projection and 2023 monthly balance sheet projection. The document shows key line items like revenues, costs, profits/losses, cash from/for various items, tax payments, assets and liabilities. It seeks to analyze the company's past performance, current financial position, and forecasted future cash flows and balances on a monthly and quarterly basis over the 2023 fiscal year.

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39 views

ACCT801 219 Assignment 2 Template

This document contains financial information and projections for Crazy Tours Limited. It includes income statements and cash flow projections for 2021-2023, as well as a 2023 monthly cash flow projection and 2023 monthly balance sheet projection. The document shows key line items like revenues, costs, profits/losses, cash from/for various items, tax payments, assets and liabilities. It seeks to analyze the company's past performance, current financial position, and forecasted future cash flows and balances on a monthly and quarterly basis over the 2023 fiscal year.

Uploaded by

Academic Services
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Assignment 2: Crazy Tours Limited Income

Data Set Debit or Credit Statement or


Balance
Balance Sheet
2021 Revenue
2021 Depreciation
2021 Other OH FCs
Bank Balance 1st April 2022
Fixed Assets (Bk Value) 31 March 2022
2022 Unbudgeted: Govt Grant
2022 Equity 31 March 2022

Q1a Q1b Q3a Q3b Q2a Q2b


Unit $ 2021 Actual Unit $ 2022 Actual Unit $ 2023 Budget Unit $ 2023 Break-Even 2021 Break-Even 2022 Break-Even
Customer Numbers
Operating Revenues $1,000
Variable Operating Costs
offset by Govt Grant
Contribution Margin
CM Ratio (%)
less Total Overhead Costs (F)
(a) Depreciation
(b) Other Overheads
(c) Interest
Total Overhead Costs
Net Profit/ Loss before Tax
Tax
Net Profit/Loss after Tax

NPaT/Revenue

Q2 Breakeven Units
Breakeven point ($)
Explanation of Differences

Q2c Evaluation

Q2d Margin of Safety (%)

Q4a 2023 Cash Flow Projection by month 2022 Full Year Quarter 1 Quarter 2 Quarter 3 Quarter 4
Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Total Year
Units
Opening Balance
Cash from trading
Cash for Fixed Costs
Tax (INC, GST, PAYE) paid quarterly
Cash Funds to maintain Liquidity √
Closing Balance √√

Cashflow Workings 100 MARKS


Quarter 1 Quarter 2 Quarter 3 Quarter 4
2022 Full Year Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 TOTAL
Cash From Trading workings
Contribution Margin (less Govt grant)
GST Payable
TOTAL Cash from Trading

Cash for Fixed Costs Workings


Total Salaries

Salaries excl PAYE


Other Fixed Costs
GST Payable
TOTAL Cash for Fixed Costs

Tax Workings
INC
GST
PAYE
TOTAL TAX

Q4b 2023 Balance Sheet by month 2022 Full Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 2023 Full Year
Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23
Cash in Bank
Fixed Assets
TOTAL Assets

Current Liabilities (Tax)


Term Liabilities (Loan)
TOTAL Liabilities

Equity

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