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SITXFIN004 statement sheet done

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10 views

SITXFIN004 statement sheet done

Uploaded by

dikshakk521
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SITXFIN004 Prepare and monitor budgets

Assessment 2 – Project
Step 1 –Task (answer the highlighted areas)
Statement of Financial Performance (Projected)
Income
Food sales $480,000.00
Beverage sales $420,000.00
Catering fees $360,000.00
Total Income $1,260,000.00
Cost of Sales
Food purchases $360,000.00
Beverage purchases $240,000.00
Total cost of sales $600,000.00
Gross Profit $660,000.00
Expenses
Marketing $60,000.00
Depreciation expense $72,000.00
Insurance $10,000.00
Other fees
Employment expenses
Superannuation $12,432.00
Wages and salaries $96,000.00
Other employer expenses $400.00
Total employment expenses $108,832.00
Rent $120,000.00
Telephone $1,200.00
Services
Electricity $6,000.00
Gas $6,000.00
Water $1,200.00
Total Expenses $385,232.00
Operating Profit $274,768.00

SITXFIN004 – Assessment Booklet –Student copy


Version 4.20 Copyright Pax Institute
CRICOS No. 03152D RTO No. 22207 Page 1
SITXFIN004 Prepare and monitor budgets

Other Expenses
Interest expense $24,000.00
Training $18,000.00
Total other expenses $42,000.00
Net Profit /(Loss) $232,786.00

SITXFIN004 – Assessment Booklet –Student copy


Version 4.20 Copyright Pax Institute
CRICOS No. 03152D RTO No. 22207 Page 2
SITXFIN004 Prepare and monitor budgets

SITXFIN004 – Assessment Booklet –Student copy


Version 4.20 Copyright Pax Institute
CRICOS No. 03152D RTO No. 22207 Page 3

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