It is the end of the financial year and your client is XYZ company. From the...

It is the end of the financial year and your client is XYZ company. From the following file note summary prepare an evaluation report.

File note summary XYZ company. Financial potential $33,000 annually for the previous three years. Accumulated surplus $100,000. Statutory requirements: prepare and lodge BAS and IT. Compilation assurance. Reports provided by XYZ’s CEO. Preference to invest in government bonds. No contingency cash expected.

Expert Solution

TUV Co’s owners have asked that their business be analysed to determine if the financial performance is acceptable. The review has been performed annually for the previous three years.The business analysis consists of performing ratio analysis on the financial statements supplied by the client’s finance officer. The analysis identified that the business was: profitable, stable and efficient compared with other businesses in the same industry.The analysis is currently prepared in a one page executive summary and sent to the owners of TUV. As a result the client has continued operations. The client has consistently made reference to the interest of the finance officer through phone calls and on the annual client questionnaire.Actions:The client recently commented that they would prefer a more comprehensive report that describes the analysis with the aim of promoting the finance officer to manager. The client would like to effectively hand over the business operations to the FO.Therefore the ratio analysis summary will be expanded to include all workings and explanations. The financial plan will need to be updated and formally agreed to by the client. A letter will be prepared by the financial manager and sent to the client suggesting that they book an interview at their earliest convenience.

ekkarill92 answered 2 years ago

XYZ Inc entered in a 4 year contract with a client. XYZ will receive following cash flows at the end of each year.

a)XYZ Inc entered in a 4 year contract with a client. XYZ will receive following cash flows at the end of each year. If they can earn 6% annual interest, what is the future value of this contract?0 1 2 3 4|------------|--------------|---------------|----------------|0 $800 $1,500 $3,800 $420Choose the correct answer:$7,086.217,232.87$6,911.20$4,521.34$5,612.94b)Bank A is offering a loan of $4,000 at 8% interest rate compounded monthly while Bank B is offering $4,000 loan at 7.98% interest rate compounded daily. Which bank should you...

You work for ABC financial management. Your client is XYZ company. The CEO contacts you directly...

You work for ABC financial management. Your client is XYZ company. The CEO contacts you directly on the 1st July, thanking you for the satisfaction of current objectives in line with the financial plan. Current objectives are reporting annual financial reports including preparing the BAS. The client asks that this now ceases as the finance officer will take over the duties. The client asks that you prepare a manual to assist the finance officer in their new duties. The client...

Assume your client is a public company with a calendar year-end. In what period must the...

Assume your client is a public company with a calendar year-end. In what period must the company begin applying the pending content for ASC 810-10? Explain

Your client is XYZ company. After discussions it is identified they require a spreadsheet summarising the...

Your client is XYZ company. After discussions it is identified they require a spreadsheet summarising the repayment amounts and current balance for a long-term loan of $500,000 to be repaid over eight years at a rate of 10% per annum. They are interested in business information that will show the amount they need to repay each year. Show the calculations required for the loan. Prepare the spreadsheet for the loan. Include a summary section to comment on the table. Round...

Your client contact is the finance officer of XYZ company. They phone you briefly on 1.10.20XX...

Your client contact is the finance officer of XYZ company. They phone you briefly on 1.10.20XX and say that the financial position detail report contains too much detail. They also state that there is no explanation for the changes in financial position even though they know that several new desks were purchased in the previous quarter because they recorded them on the asset register. Prepare a file note to show how the feedback will be incorporated into services to the...

Jack is the only shareholder of XYZ Corporation. At year-end, XYZ had $200 of current year...

Jack is the only shareholder of XYZ Corporation. At year-end, XYZ had $200 of current year earnings and profits and $600 of accumulated earnings and profits. If XYZ distributes cash of $200 to Jack, what is Jack’s tax liability on the dividend, if any? Assume Jack has a basis of $10 in XYZ shares. How does this result change if XYZ only has $50 of current earnings and profits and $100 of accumulated earnings and profits? Clearly identify the requirements...

I have a client: XYZ company. XYZ makes bicycles in the high side of the market,...

I have a client: XYZ company. XYZ makes bicycles in the high side of the market, $2,500 and above. In many ways they are used by the top riders in competitive races in the World. The variable cost to manufacturer is $1,000. The fixed cost are $500 per bicycle. Profit is $1,000. The manufacturing of the bicycles are in the same plant as the manufacturer of a very plain generic bicycle sold through COSTCO. The plain bicycle sells for $250...

Evergreen company financial year-end is December 31.

Evergreen company financial year-end is December 31. Beginning balance: Debit balance of 131: 33.000 (Customer Brox) Credit balance of 2293: 1.000 During the year of Y, the following transactions related to receivables and cash occurred: (Unit: 1000 VND) 1.Sold merchandise to Lennox Company for 11.000 (including 10% VAT) on credit.2.Sold merchandise to Maddox Company for 88.000 (including 10% VAT) for cash in bank 3.Received 50% of the invoice on 28 Feb from Lennox via bank transfer 4.Withdrawn 1.000 from bank checking account for cash on hand. 5.Used...

XYZ company manufactures custom made bed and its year end is 30 June. The company purchases...

XYZ company manufactures custom made bed and its year end is 30 June. The company purchases its raw materials from a wide range of suppliers. Below is a description of XYZ's purchasing system. When production supervisors require raw materials, they complete a requisition form and this is submitted to the purchase ordering department. Requisition forms do not require authorisation and no reference is made to the current inventory levels of the materials being requested. Staff in th purchase ordering department...

The income statement of XYZ Company for the 2016 financial year was below expectations be low...

The income statement of XYZ Company for the 2016 financial year was below expectations be low Financia l Item Total in TZS Sales (40,000 units) 400,000,000 Cost of raw materials 80,000,000 Other variable costs 100,000,000 Fixed factory overheads 160,000,000 Fixed administrative overheads 30,000,000 Sales commission (3% sales value) 12,000,000 Variable delivery costs 20,000,000 Other fixed costs 30,000,000 a) What is the break-even point of the company? b) The company proposes to reduce the selling price per unit by 10% and...

Question