# Tax

Assignment Requirements

Assignment Part A
Question1: Preparing budgets – sales budget and cash collection schedule
Xavier is the manager of a national soccer club and has been asked to assist in the preparation of their sales budget for the year 2011. A total of 26 matches are played during the season and five scratch matches are played in the off-season. The club charges a \$15 entry fee per person for seasonal games and a \$10 entry fee for scratch matches. They also offer a membership package for \$200 which entitles holders to attend all games played over the year. Membership packages are only available for purchase at the start of the year.

The number of tickets sold the previous year were as follows:

Quarter

1
2
3
4
Year totals

Memberships
15 006

15 006

Scratch matches
14 616

16 235
30 851

Season tickets

39 104
52 083

91 187

As the team won the league, the following assumptions have been made for the upcoming year:
– Memberships will increase by 5%.
– Attendance at scratch matches will increase by 3% in the 1st quarter and 1.5% in the 4th quarter.
– Season ticket sales will increase by 20% in the 2nd quarter and 15% in the 3rd quarter.
– The club has also decided to offer merchandise at each of the games at a cost of \$5. Assuming all members attend every game, they expect 2% of all attendees to purchase merchandise at each of the games.
– Due to the nature of the business, all tickets and merchandise are paid for immediately. Of all season memberships, 90% are paid for in the 1st quarter with the remaining being collected in the next period.

Required: Based on the above information, prepare the sales budget and cash collection schedule for Xavier.

Question 2: Budget equation
The budget equation is “data + assumptions = projections”
– Data is factual information on past results.
– An assumption is a belief about the future.
– Future projections are made by using the data available and assumptions made about the future.

Classify the statements below as data, an assumption or a projection.
a. Next year we should have an increase in sales as trends show demand for our product to be increasing.
b. Last year our financial reports show we made a loss of \$2320.
c. The market will become more competitive next year.
d. My husband won’t mop the floors tomorrow as he hasn’t done them the past 5 times I’ve asked.
e. We employed 100 new workers last year.
f. In 2010, Collingwood won the premiership against St Kilda in a grand final replay and are the favourites to win this year.
g. Interest rates will increase.
h. Today is pay day, so my wife will probably go shopping this weekend.
i. The cost of living has increased.
j. Adrian has an average of 85% in all his exams this semester, so he should pass the units he is studying.

Order Now
https://thecustomwritings.com/order/
YOU CAN ALSO PLACE OTHER SIMILAR ORDERS ON OUR WEBSITE AND GET AMAZING DISCOUNTS!!!

# Our Service Charter

1. ### Excellent Quality / 100% Plagiarism-Free

We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
2. ### Free Revisions

We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
3. ### Confidentiality / 100% No Disclosure

We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
4. ### Money Back Guarantee

If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
5. ### 24/7 Customer Support

We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

or