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    ACCT801 219 Assignment 2 Template

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    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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    ACCT801 219 Assignment 2 Template

    Uploaded by

    Academic Services
    23 views2 pages
    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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    ACCT801 219 Assignment 2 Template (1)

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    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.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    23 views2 pages

    ACCT801 219 Assignment 2 Template

    Uploaded by

    Academic Services
    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.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    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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