ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

THE UNIVERSITY OF AUCKLAND

SEMESTER ONE, 2021

BUS114 – Accounting for Decision Making

Assignment 1

Due date: 4 pm (NZDT) Friday 26 March 2021

LAST NAME STUDENT AUID

FIRST NAMES

QUESTION TOPIC MARKS

1 Week 1 reflection 5

2 Budgeting 10

3 Time value of money 10

25

NOTE
1. This assignment counts for 5% of the final grade.
2. Attempt ALL questions.
3. Fill out your personal details on Page 1.
4. Answers should be provided in a clear and concise manner demonstrating a high
standard of communication skills. Type answers into the corresponding boxes.
5. Type your answers using Verdana Font size 10. No hand written answers will be
accepted.
6. Present numerical work clearly and concisely. Show your workings, as they will be
graded. Full marks will be given only where a solution is supported by clearly labelled
workings.
7. See details on submission of this booklet on the first page of the assignment
question.

YOU MUST SUBMIT THIS BOOKLET ELECTRONICALLY.

CONTINUED
 ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

1. Week 1 Reflection: 5 marks

Word count: ( ) words

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 ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

2. Budgeting: 10 marks

a) Sales Budget

First
January February March Quarter

Budgeted sales units

@ Selling price per unit

Budgeted total sales

revenue

Expected cash
collections

b) Inventory Purchases Budget

First
January February March Quarter

Budgeted purchases units

@ Purchase cost $25 per

unit

= Cost of Purchases $

Expected Cash Payments

c) Selling and General Expenses Budget

First
January February March Quarter

Total salary expense

Rental expense

Other general expenses

Total S&G Expenses

Expected Cash Payments

for S&G expenses

d) Cash Budget
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ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

First
January February March Quarter

Cash Receipts from

Sales (a)

Less Cash payments:

Cash pay for inventory

purchase (b)

Cash pay for selling &

general expenses (c)

Total Payments

=Net cash from operations

Add: Beginning Cash

balance

=Ending Cash balance

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 ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

3. Time value of money: 10 marks

(a)

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ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

(b)

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 ASSIGNMENT 01 S121 ANSWER BOOKLET BUS 114

Reference list:
Place references for all questions in this box:

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