Hattie Venture Case Study: Finacial Plan on The Venture and Viability - Accounting Assignment Help

Assignment Task

Executive Summary

Hattie is planning to start a venture of selling geodes in Manchester. For this, she is importing geodes from Uruguay. To test the feasibility of the venture this the financial reports of the venture are prepared. The financial reports prepared are the P&L, Balance Sheet, Cash Flow Statement both annually and monthly. The preparation and the analysis of the financial reports of the venture have revealed that it is a profitable venture. As expected by the Market study if the sales increase proportionally and reach 750 units till December, the venture started earning profits in the month of April. The Financial position of the venture is favorable as there are no long-term debts except for the Capital Invested and the Assets are high majorly due to the Cash Balance available. The venture can earn a net profit in the first year of its existence. 

Hattie, a 65-year-old lady is planning to start a venture of selling geodes in Manchester, England.  To start a new venture she is investing an amount of 450000 Pound Sterling. To start the retail venture of Geodes she is importing the Geodes from Uruguay. The sales are done in two ways, the geodes are either sold to the customer or they are sold with a Cabinet to Ian. To study the feasibility and the viability of the new venture, the lady has asked to prepare all the financial reports of the new venture which includes the P&L Account, Balance Sheet, and the Cash Flow Statement of the Venture. This is done to know the profitability of the venture, also the financial position of the venture, and the Cash Flow is calculated monthly as well as annually to know the Inflow and the Outflow of Cash every month. The Break-even quantity of both sales is calculated. 

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