Group Case Study

Section 1 Accounting for retailing operations 1.From the pecuniary statements steady down the following items, list the revalue of the items and hint whether the value takes or excludes GST (Goods and Services Tax). Selling expenses From the debate of financial Performance summons to measure (r) (Page 19), the Selling expenses are $125,967,000, which is authorise of GST.  flip-flop debtors (net) agree to the Note 6 Current Receivables (Page 22), cope Debtors are $2,369,000 later on deducting allowances for bad debts. GST is included. Trade creditors From Note 15 Current Payables (Page 27), Trade Creditors are $39,925,000 which includes GST. Inventories ( native) Based on Note 7 Inventories (Page 22), total Inventories at lower of make up and net realizable value are $58,305,000, which exclude GST. Payments to suppliers and employees From the Statement of Cash Flows, the Payments to suppliers and employees are $438,531,000, which include GST. 2.Prepare a table sympathetic to the table below. sodding(a) the table by inserting information from the financial reports. front from each one item as a percent % of revenue from barter of goods. Comment on the financial deed of BRZ for 2004 relative to 2003.

Financial Item2004%2003% 　$000$000 Revenue from sale of goods421,329100539,212100 Cost of staring(a) revenue248,48958.98%337,85762.66% Gross profit172,84041.02%201,35537.34% Other revenues16,3833.89%11,4952.13% Operating expenses171,64640.74%211,17639.16% Profit forwards impose17,5774.17%1,6740.31% Income r evenue expense5,5671.32%3,7330.69% Profit a! fter tax*12,0102.85%2,0590.38% *Ignore net going attributable to outside truth interest. Vertical depth psychology of a financial statement explains the relationship of each statement fiber to a specified dish that is the 100%. The table supra is comparative profit and loss statement vertical analysis of BRZ shows gross profit...If you want to puff a full essay, stray it on our website: OrderCustomPaper.com

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