FMAN02 - Happy Pets (Pty) Limited Case Study & Report Writing, Finance For Managers, Winners Cash & Carry (Pty) Limited - Accounting Assignment Help

Assignment Task -

Answer the following questions:  
Question 1 
You are the sales manager of a large paint retail chain, Blue Sky Paints (Pty)  Limited. The manufacturing of the paint is outsourced to a well-established paint manufacturing company. Blue Sky Paints has commissioned the manufacture of a zero-VOC (volatile organic compounds) paint, Light Blush, to add to its paint range. Customers are showing a strong preference for environmentally friendly paints.  
Light Blush is still new on the market and Blue Sky Paints hopes for promising sales of the product in 2021. As a sales manager, you deal with both retail paint sales via retail outlets, as well as contracts to supply paint for large paint projects, for example, a hospital or school.  

Required:  
You have a meeting with both the financial accountant and management accountant to discuss all the relevant finance-related matters pertaining to Light  Blush and its roll-out during 2021. 
Outline four (4) key finance-related points that need to be discussed at this meeting regarding the new product and the 2021 year. Identify each point,  explain why it is relevant and apply it to the scenario. 

Question 2  
Willow started a pizza delivery business during lockdown because she was retrenched from her job as a waitress. The business is called Willow’s Wonderful  Pizzas.

The following transactions took place during a lockdown:  
Willow took a loan of R10 000 from XYZ bank. 
To start the business, Willow constructed a pizza oven, which cost her  R5 000. 
She then set up a business bank account, into which she deposited  R3 000. 
A scooter was purchased by the business for R15 000, which will be settled over the next 12 months. 
Dough and pizza toppings were purchased for a cash amount of R500.
Customers purchased pizzas for R800 and settled in cash. 
Pizzas were delivered on credit to a retirement home for R600. 
Willow paid R1 000 in part settlement for the scooter. 
The retirement home settled the R600 it owed. 

Calculate the balance in the bank account of Willow’s Pizzas after all the transactions listed above have taken place.

Question 3 
Winners Cash & Carry (Pty) Limited is a local chain of stores providing well-priced merchandise comprising bulk food supplies, as well as basic electrical equipment.  The 31 March 2021 year-end trial balance showing their financial figures is given below.

Question 4
An extract from the statement of cash flows of an organic vegetable and fresh produce farm that sells direct to the public, as well as through a number of local shops, is given below. This statement of cash flows has been prepared using the direct method. 
 

Required:  
  
Explain each line item of the statement above by identifying the nature of the cash flow, as well as how this amount may differ from amounts presented in the statement of profit or loss and other comprehensive income, to the relevant extent. 
 

Question 5
Happy Pet (Pty) Limited is a pet food and cage manufacturer and wholesaler that operates throughout South Africa. Its manufacturing facility is based in Cape  Town and it delivers throughout the country.  
Fifty percent of the company’s sales are made on credit and the rest are cash on delivery. All purchases are on credit. 
The company upgraded some of its equipment during 2020 as the old equipment was no longer reliable. The upgrade was funded through debt from the bank.  This method was used because, as a funding option, debt is cheaper than equity. 
Due to the global Covid-19 pandemic in 2020, the company had to close operations for a period during the lockdown. Furthermore, the impact on the economy in South Africa meant that many people had less disposable income available. Some of Happy Pet's products did not sell as anticipated, but as people continued to buy their products, Happy Pets was able to recover quite well from the lockdown restrictions. This time also allowed the management of Happy Pets to discuss a better way of doing business. 

Required:  
You manage relationships with investors and have been asked to prepare a report on the company’s performance and financial position for the year ended February  2021. Complete the table above by calculating the ratios (a) to (j) for 2021. Note that the 2020 ratios are given.
Providing possible causes for and effects of the improvement or deterioration thereof from 2020 to 2021.
Providing possible ways to improve the financial ratios.

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