Assignment Task:

Task:

READ THESE INSTRUCTIONS.

THEY DETAIL HOW TO MAXIMISE YOUR RESULT.

The items highlighted in yellow are important and so is the rest of the document!

The DUE DATE for this assignment is 26^th March 2021 at 5.30pm

Case Study Background

Cheap Imports R Us Pty Ltd (ABN 12 345 678 901) operates as a company and you are the accountant for them. Cheap Imports R Us is a wholesale business specialising in electronic equipment made in Australia. The business is in its first month of the new financial year which started on 1^st February 2021.

Business Background

The business was established by Maurice Moneybags from his garage and has now expanded to a small warehouse and two part time employees. Maurice believes that with careful management that the business could expand rapidly within a few months. The products that are sold, are exclusively available to Cheap Imports R Us Pty Ltd, so the aim is to expand the reputation of the products on offer. One of Maurice’s goals is to have the business online, within 2 years. Another goal of Maurice’s is that the business introduces accounting software this year as the current system is manual.

Employees 

Cheap Imports R Us Pty Ltd employs two casual assistants. Tiffany Hiheel works as a salesperson, and Tony Steeltoe works in the warehouse filling orders. Each employee works between 30 to 40 hours per week, depending on the demand and the timing of the shipments of inventory.

Payday is every second Thursday. The following information is used to calculate their wages: 

At the 31^stJanuary the business owed the employees 16 hours to Tiffany and 16 hours to Tony.

Goods and Services Tax (GST)

There is no GST applied in this part of the assignment. All transactions should be recorded without GST.

Merchandise Inventory

The following is a list of closing inventory and the suppliers as of January 31^st.  

The required inventory is purchased mostly on credit under the terms of payment required by the suppliers. The business has a good relationship with each of the suppliers once the company places an order, the suppliers will deliver free of charge the same day. Due to the good relationship the suppliers have offered discount terms, indicated below.

This Management Assignment has been solved by our Management Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.