Babs Lee Accounting Assignment Help With Solution
Babs Lee is a good friend who is surprised to learn that her Uncle has died and left her a wholesale business which sells ukuleles to music shops throughout New Zealand. The business is called Isaleh. The executor of the will, R. Senior, has provided Babs with the latest financial statements (Appendix A) and she brings these to you as she knows you have started studying accounting at Massey University.
Babs thinks it might be fun to run the business for a while but she has no idea how sensible that would be. Babs is puzzled as to why there is an Income Statement as well as a Cash Flow Statement. “Surely” she says “income is cash coming into the business and expenses are cash going out of the business. If so, why have they provided two statements and I can‘t see what one has got to do with the other. The figures don’t match up.”
How it Works
How It works ?
Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id email@example.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id firstname.lastname@example.org and email@example.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.
Features for Assignment Help
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.
All our works are kept as confidential as we respect the integrity and privacy of our clients.
- Physics Assignment Help
- Chemistry Assignment Help
- Engineering Assignment Help
- Psychology Assignment Help
- Online exam Help
- Marketing Assignment Help
- Arts Assignment Help
- Sociology Assignment Help
- Project Management Assignment
- Case Study Help
- Nursing Assignment Help
- Research Assignment Help
- Operations Management Assignment help
- Accounting Assignment Help
- Biology Assignment Help
- Mathematics Assignment Help
- English Assignment Help
- Business Plan Help
- Essay Writing Help
- Human Resource Assignment Help
- Accounting Homework Help
- Computer Science Assignment Help
- Finance Assignment Help
- Economics Assignment Help
- Statistics Homework Help
- Management Assignment Help
- Strategy Management Assignment Help
- Auditing Assignment Help
- Information Management Assignment Help
- Online Assignment Writing help
- Best Assignment Help
- Humanities Assignment help
Babs has heard of a Balance Sheet and she can see that this one balances. However, in the middle in bold are the words “Working Capital” and she has no idea what this relates to. “If anyone is going to be working” she says, “it will be the two assistants and me”.
An attached note says that 60% of the sales are on credit with terms that the invoice should be paid by the 20th of the following month. “Does that mean a credit card or what?” Babs asks.
Attached Documents (will help you with the task)
Appendix A: The financial statements for Isaleh for the year ended 31 December 2014
Appendix B: Guidelines for report writing.
Prepare a report for Babs Lee:
a) Explain why the Income Statement is prepared using the accrual basis of accounting and how this differs from cash accounting.
b) Explain what Working Capital is and why it is important to manage it.
c) Explain what a credit sale is in a business context. Give reasons as to why a business sells goods on credit and the costs which are associated with doing so.
Separate marks are awarded for:
• Presentation of Report.
• Conclusions and recommendations.
Product Code :Acc22
To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)
You can also email us at firstname.lastname@example.org but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.