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AYB221 Accounting Systems and Analytics - Queensland University Of Technology
BUSINESS PERFORMANCE REPORT
Question: Christian has asked you to write a business performance report - February's overall profitability (1 mark) and a discussion on the cash flow position.
Solution:
Analysis of overall profitability and Discussion on the cash flow position
The profitability position in regard to February 2019 of the company is very weak as the company had suffered loss in that particular month. Thus the expenses of the company are more in comparison to its income. Hence the profitability position is to be checked.
The current ratio of the company is 84560/13354= 6.33 which shows that the liquidity position of the company is strong and the company is having enough cash to pay off its short term liabilities. The quick ratio of the company is also more than one which shows that the availability of absolute cash is very high and thus the cash flow position is strong.
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Question: Report on the revenue and gross profit of significant products; strong/weak inventory items
Solution:
Product profitability and pricing analysis
The profitability of Coffee machine is the highest which means it is giving the highest level of profits to the company hence it is the strong inventory item. The toaster is giving the lowest level of the profits hence the production of toasters should be given least preference as it is the weak item and thus the resources should be utilized towards other products. The pricing analysis shows that the prices of coffee machine, vacuum and the toasters are very high. But the pricing system should be adequately checked in order to maintain efficiency.
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Question: Identify 4 major issues occurring in this business and Provide 4 recommendations to the owner as to how he can reduce the impact of these issues based on the facts of the case.
Solution:
Issues and recommendations
The four issues that arise in the business:
• Company is not having adequate and balanced distribution of resources
• The level of the expense is more than the incomes.
• The production of all the inventory items is done irrespective of the level of contribution
• The cash balance is very high and thus it is not effectively utilized.
The issues are problematic as they are adversely affecting the overall profitability and hence are reducing level of profits. The issues arise due to inefficiency in the operations of the company,
The four recommendations in regard to the above issues:
• Production of inventory should be done in accordance with their individual profits
• Level of expenses of company needs to be controlled.
• The distribution of resources should be done in accordance with the ranking of contribution
• The cash on hand is to be invested in order to generate proper return.
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