1006GBS - Why Money Matters - Griffith University 

Assignment Task 

Questions 

1. Businesses and individuals are sensitively influenced by the fluctuation in interest rates. Briefly define what a cash rate is. Which institution is responsible for setting the target cash rate in Australia Describe the recent trend in the cash rate as set by the institution. Specifically, discuss if the target cash rate in Australia had changed (if any) between the months of May 2022 to June 2023. Present evidence to support your answer by referring to the relevant source within the institution's website. Moreover, briefly describe how this change in the cash rate may overall affect the financing cost for the Woolworths Group.

2. In light of the change in the cash rates you discussed in QA above, specify the term used to define the stance of the monetary policy that has been taken by the institution. In using an appropriate drawing of money demand and money supply diagram, explain the process that the institution will undertake in implementing such policy. Further, briefly describe what would be the impacts of the policy implemented on the relevant and various macroeconomic measures of the economy.

3. Since the year 2022, the global economy has seen a recovery from the Covid-19 pandemic across all nations, including Australia. In light of this, use the demand and supply model in presenting a concise analysis of how the grocery retail market/industry in Australia in 2022 may change, compared to 2020 when Covid first hits. In answering this, you are also to draw an appropriate demand and supply graphical model for the grocery retail market/industry to illustrate your analysis. Use relevant reference/s (e.g.: news article/s) in supporting your analysis.

4. Who is the current Chief Executive Officer (CEO) of the Woolworths Group? Present a brief description of his background and experience. State the total remuneration package earned by the CEO in 2022 as specified in the Executive Key Management Personnel (KMP) remuneration table on table 5.1 of page 89 of the Annual Report. Calculate by how much percentage the total remuneration package earned by the CEO has changed between 2021 and 2022. Show your work.

5. In referring to the relevant table/s on pages 94 to 100 within the Annual Report, specify how much the profit (or loss) before income tax is for the Woolworths Group in the financial year 2022. Compare this amount to that of the previous figure in the financial year 2021. By how much percent has the profit (or loss) before income tax changed between 2021 and 2022 Display your calculation. Further to this, present a summary of some of the key factors which may have led to this change.

6. Present a description of what gross profit margin and net profit margin are. In referring to the relevant table/s on pages 94 to 100 within the Annual Report, calculate Woolworths Group’s gross profit margin and net profit margin for 2022. Display your work.

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