University : Southern Cross University Lismore Australia UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ACC00146
Country : Australia
Assignment Task:

Part One:

Budget Schedules and Expected Outcomes:

Using the information provided, prepare the following operating and financial budgets for the twelve-month period from January 2020 to December 2020.

Operating Budgets:

1. Monthly Sales Revenue
2. Labour Budget (including labour cost per appointment type)
3. Monthly Operating Expense Budget

Financial Budgets:

1. Budgeted Income Statement for the year ended 31 December 2020
2. Monthly Cashflow Budget
3. Budgeted Balance Sheet for the year ended 31 December 2020

Your budget spreadsheet must be submitted in Excel Format (not as an appendix in your WORD document). The first worksheet should contain your raw/input data and assumptions from this assignment overview sheet. All future worksheets should be linked to this data. Show all calculations and use Excel functions where possible. While you should use examples in your text as a guide, the key to using spreadsheets is that they are structured so that others can use them and follow the flow of information without difficulty.


Part Two:

Analysis and Report to Managing Directors of Coastal Dental:

Write a report for the managing director of the dental practice. The report should include:

  • An overview of the expected results for the 2020 year including total sales, operating expenses and expected cash position.
  • A cost-volume-profit (CVP) analysis to indicate the breakeven point (inpatients and sales) and provide recommendations regarding how to improve the current margin of safety.
  • An analysis of the business operations (i.e. current incomes and expenses) and recommendations regarding how to improve the profitability of the dental practice. Use industry data (e.g. market rate for salaries) to support any recommendations for changes.
  • Use visual aids such as tables and graphs to enhance your report presentation.

 


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  • Posted on : January 13th, 2019
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