Student Name: Arth Patel

Student Id: UEDT505

Assessment – 1

A) a description of a minimum of 5 financial records that the company must maintain

1. Accounting records: Accounting records include invoices, receipts, employee payroll, purchases,
costs, VAT records, tax returns, and any supporting papers.
2. Tax records: The Taxes Management Act governs all papers relating to taxes and money
collected or spent by a business. They must be maintained for at least five years from the date the
return was last filed.
3. Bank Account Statements: A bank statement is a report that a bank sends to its depositors that shows
the account balance and activity for a given time period.
4. Assets Register: An asset registry is a comprehensive list of a company's or entity's tangible assets.
This list is used by organisations, schools, and businesses to keep track of when assets were purchased,
determine their value, and locate their physical locations.
5. Financial Budget: Calculating how much money you'll make over a certain length of time and
arranging how much you'll spend, save, and borrow is known as budgeting.
B) any three factors while selecting software that could assist with finance management for small
business
1. User-Friendly Software: Every operating system, end-user programme, proprietary in-house
programme, and a variety of other technologies can benefit from user-friendliness. It assesses the whole
system's success. If you're looking for an accounting software solution for a small or large business,
you'll need to look for a package that satisfies all of your financial accounting needs.

2. Compatible with banks: Accounting software that is good will provide you with an accounting
package that may be integrated with your bank. This integration will make it simple to transact with
your bank, and you'll be able to fully automate your bank reconciliation. As a result, you will save time
and be able to complete the transaction sooner.

3. Data Security: Data security is an important aspect to look into. You should enquire about certain
details when choosing accounting software. Inquire about how the organisation stores application data
and whether or not software services use HTTPS connections. The HTTPS protocol encrypts data sent
from your computer to the software company's servers, making it unreadable to hackers.

C) list any 5 regulatory requirements for lodgement and payment of statutory obligations
 1. Superannuation Payments
2. Record keeping
3. Income Tax
4. Payroll Tax
5. Government Grants

D) a set of policies for progress payment contract (minimum 3)

1. All the big budget contracts have to go through progress payment schedule.

2. If you borrow money from a bank, the bank may have special criteria for making progress
payments. This may necessitate the inclusion of additional contract terms.

3. In your construction contract, provide specific terms for progress.

E) explain how financial performance will be monitored (include a minimum of 2 key performance
indicators)

1. Gross profit Margin: After removing the cost of goods sold, the gross profit margin is a
profitability ratio that shows what proportion of revenue is left. The direct cost of production is not
included in the cost of goods sold, nor are running expenses, interest, or taxes.

2. Current ratio: It's a liquidity ratio that determines if a company's current assets and liabilities are
sufficient to cover short-term commitments (those due within a year).

F) Set of minimum6 written financial procedures for Metharom which will help in financial
health check for stakeholders

1. Determine how much additional cash you'll need in the event of a probable emergency
that could harm you or your financial security.

2. Calculate how much you can save using your budget.

3. Continue to save until you accomplish your goal or are financially secure.

4. Maintaining – and possibly growing – your income over the long term, all the way to
retirement, is also critical.

5. instalment is in a manner of speaking made to the appropriate individuals.

6. Trustworthy and honest assessment For each instalment, a path is created and made
available.
 ASSESMENT 2
Cash Flow Statement
Cash Flow from operating activities $ $
 $35,06
cash receipts from customers 0
-
$25,60
cash paid to suppliers and employees 0
cash generated from operations $9,460
interest paid -$270
income taxes paid -$900
net cash from operating activities $8,290

Cash flow from investing activities

purchase of property, plant and equipment -$900
proceeds from sale of equipment 20
interest received 200
dividends received 200
net cash used in investing activities -$480

Cash flow from financing activities

proceeds from issue of share capital 250
proceeds from long term borrowings 250
payment of finance lease liabilities -$90
dividends paid -$1,200
net cash used in investing activities -$790

net increase in cash and cash equivalents $7,020

cash and cash equivalents at the beginning of the period 250
cash and cash equivalents at the end of the period $7,270

1). Cash Receipt from Honroy Higgs

2). Cash Receipt from Cruz Sie Daz
3). Cash Receipt from Mrs Suzy phia
B)

The following two people within metharom construction must be informed when the
payments arrive and send

1. Project manager
2. Site supervisor

To,
Sales Manager

Subject: Automation in some document that can be benefited in sales

Hope you are well. I am writing this letter in regards to automation in project report cards and
business reviews and renewals. it will benefit the company and i am going to explain benefits below.

Benefits of project report cards: Project progress cards are used to keep projects on track and to
keep the details about a project up to date. However, it takes time to write cards and update project
plans. You won't have to type numbers or notes twice if you use automation software. Data will be
automatically transferred to your project report cards once you change details in any CRM system

Benefits of Business reviews and renewals: Business reviews and renewals are perfect
opportunities to strengthen the brand reputation while still attracting clients. Customer retention will
increase income by up to 95% if you increase it by at least 5%. Customer retention is by far the most
cost-effective way to expand your market.

Thank You,

ARTH PATEL

ASSESMENT 3
( A)

To Management,

Metharom Constructions.

21st May 2021

SUBJECT : PROPOSAL TO BUY TIPPER TRUCK

Tippers are heavy goods vehicles with a tipper body that can drop from the back or side. They
are extremely flexible vehicles that are used for a variety of tasks, ranging from highway
maintenance to construction. Purchasing the truck will be more beneficial compare to renting
it if we look at the usage of the truck. We are looking for a long time usage of this trucks as
we want to run this business for longer period. Currently we are paying $2500 per week for
rent and adding the fuel and maintance cost it will go to $2700 per week. And if go to buy it
we will get in $55,000. We will get loans and some extra benefits if we opt. to buy it .We can
take extra work as well and can earn more money as well.I have compared all these stats and
after that writing this letter after it for the benefetial of the company.Happy to hear you
thoughts.

Thank You & Kind regards,

ARTH PATEL

(B)
Balance sheet as on 2015
 ASSETS
Current Assets

Cash $ 20,000

Accounts receivable $ 15,000

Inventory $ 150,000

Total Current Assets $ 185,000

Non-Current Assets
Plant and Equipment $ 50,000
Business Premises $ 650,000
Vehicles $ 70,000
Total Non-Current Assets $ 770,000

Total Assets $ 955,000

Current Liabilities
Accounts Payable $ 25,000
Bank overdraft $ 10,000
Credit card debt $ 5,000
Tax liability $ 30,000
Total Current Liabilities $ 70,000

Non-Current Liabilities
Long term business loan 1 $ 200,000
Long term business loan 2 $ 50,000
Total Non-Current Liabilities $ 250,000

Total Liabilities $ 320,000

NET ASSETS $ 450,000

Debt ratio= Total liabilities / Total assets

= 320000/955000

=0.33%

ASSESSMENT 4
 Total
Revenu
e $ 100,000 100%
Less Cost of Goods Sold $ 42,620
Gross Profit $ 57380

Less Expenses $
Accounting and Legal
fees $ 1,170
Advertising $ 1,500
Depreciation $ 3,800
Electricity $ 2,700
Insurance $ 1,520
Interest and bank
charges $ 2,730
Postage $ 150
Printing and Stationery $ 390
Professional
memberships $ 180
Rent for premises $ 7,430
Repairs and maintenance $ 2,110
Training $ 690
Vehicle Operation $ 2,000
Wages and salaries $ 22,350
Workers compensation $ 650
All other expenses $ 1,410
Less Total Expenses $ 50,780
Equals Net Profit (BOS) $ 6,600

A) Gross Profit = Revenue – Sales

= 1,00,000 – 42,620
= 57,380

B) Net Profit = Gross Profit – Expenses

= 57,380 – 50,780
= 6,600

Gross Profit between 2014-2015 = $ 57,380-$ 53,450

= $3,930

% of sales increased = (57380 –53450/ 53450) *100 = 7.352 %

Metharom Constructions will increase the Net profit rate By 8.8%.that will make good
amount of profit.

C)

If Metharom Construction wants to achieve the goals for 2016 it should follow these
three strategies.

Introduction: Metharom Building (MC) tries to be a significant lodging development and

remodel organization in Melbourne's South-East. The organization's whole technique will be
founded on a ceaseless improvement interaction of characterizing objectives, assessing
results, and giving input to advance further development and achievement.

Background: The report has been made in order to achieve the goal for 2016 by using the
marketing strategy . We have used digital Strategies like Search Engine Optimization, Email
Marketing And social Media.

Body Paragraph:

1. Search engine optimization (SEO): SEO is the method of optimising the website so that
it ranks highly in search engine results for relevant keywords and phrases. The more
keywords you rank for — and the higher you rank for them — the more people can see
your website and become familiar with it. The aim of SEO is to increase the amount of
traffic that your website receives from members of your target audience. Consumers who
are actively looking for the goods and services you provide, as well as users looking for
more top-of-the-funnel content, fall into this category. It catches every single member of
your target audience, regardless of where they are in the purchase process. The
explanation for this is that almost every user uses a search engine to start their search for
a new product or service.

2. Email marketing: Email marketing is one of the most cost-effective online marketing strategies
available. The aim of email marketing is to keep and attract new customers. It's a great way to
raise brand awareness, hold your business in front of customers' minds, and encourage repeat
business. Developing and optimising your promotions, as well as expanding your audience, are
essential aspects of email marketing. Email marketing, like content marketing, focuses on
supplying consumers with useful information; otherwise, they wouldn't remain subscribed. The
key goal of email marketing as a digital marketing strategy is to remain top of mind for potential
 customers while also providing valuable information, such as relevant industry news and
customised content, such as product coupons, to keep current customers coming back.

3. Social Media: Another Internet marketing strategy for growing businesses is social media
marketing. The aim of social media marketing is to raise brand awareness and increase
conversions. Depending on the target audience and their network preferences, a social media
marketing strategy may use one or more social media channels. Several of the most common
outlets for this Internet marketing strategy are Facebook,Twitter and Instagram. The primary aim
of social media marketing is to raise brand awareness and conversions while also establishing and
maintaining a positive image for your business. As a result, social media marketing focuses on
producing educational and promotional content as well as engaging with consumers through
multiple platforms.

Conclusion and Recommendation: This Digital Marketing Strategies will give the customers
all the information about our company at their home. This strategies will help to attract the
customers and we will be able to get the feedback from them and it will help us to improve.