+44 7782695008 help@instantassignmenthelp.com
Save 50% on Expert-Crafted Assignment Solutions!

Understanding of Fundamental Concepts, Techniques, and Models - Gravepals PLC

University: University of Sunderland

  • Unit No: 5
  • Level: Undergraduate/College
  • Pages: 3 / Words 863
  • Paper Type: Assignment
  • Course Code: UGB163
  • Downloads: 745
Answer :
Organization Selected : Gravepals PLC

It is an individual project and in this, the “ policy on cheating, collusion, and plagiarism” applies. The word counts for this project is 3000 words. In order to complete the project, you have to follow the Los.



  1. The knowledge about the fundamental models, techniques, and concepts which are used in financial accounting.
  2. Demonstrate your understanding of fundamental models, concepts, and techniques that are used in management accounting.
  3. Present the knowledge of finance roles at the international and domestic levels.


  • Explain the utilization of theoretical concepts to extent of practical scenarios which allows the firm to produce a solution of the business problems.

This project has to be done in three parts.


You are appointed as an accountant manager in grave-pals plc, this business has begin their trading from January 2017.  The summary of transaction is mentioned below for the first year of trading:

  • The entrepreneur  has  present the  equity of £180,000 which was paid into the bank account of the business.
  • The annual rent for the premises from 1 January 2017 is £90,000. the rent of £112,500 was paid to the premises owner during the year.
  • Tax rate for the business premises are as followed:
    • 1 January to 31 March (2017)                                    £2400
    • 1 April 2017 to 31 march 2018                                    £4500
  • The delivery van was purchased for £60,000 on 1 January 2017. it is expected that this van will be used in business for 5 years and then it will be sold for £12,000.
  • annual wages paid £117,000. at the year-end, the business owned the wages of £2175 for the last week of the year.
  • The electricity bill paid for the first three quarters of the year is £5700. after 31 December 2017, the bill for the last quarter is £2025 (not paid).
  • Credit purchases of inventories £486,000
  • cash purchases of inventories £39,000
  • credit sales revenue £504000 (sales £243000)
  • cash sales revenue £129000 ( sales £54000)
  • trade receivables receipts £438000
  • trade payable payments £393000
  • total expenses paid for the van were £33,600

At the year-end, the credit customer ( trade receivable) who owned the £1500 is not paying any part of the debt. It is expected the other trade receivables will be settled in full.

For the noncurrent assets, the straight-line depreciation method will be used.  

You are required to create an income statement for the year-end 2017 and a statement of financial position for the year 31 December 2017.

PART B - Clarkenpark Ltd.

The company used to create the small shelves which are currently sold at £13 each. The management thinks that the company can produce 70000 units per year. The budget for the year is 53000 and the cost are estimated as follows:

  1. you are required to state the contribution by each shelf for covering the fixed cost if it is sold for £13.
  2. explain the BEP and margin of safety in context with units and revenue if the shelf sold for £13.
  3. if the company produces 48000 tables and sells the shelf for £13 each, calculate the company's profit.
  4. Analyse if it is a good strategy or not if a company spends the £45000 on marketing and advertising but continuously the selling price is raising by 9%. The new sales( units) and advertising prices increase by 17%.
  5. find out and examine the assumptions of break-even point and also consider the analysis of model which can be successfully adopted by various businesses.

 Assume yourself as a member of the finance team in which you have to manage the viability of investment as you are provided further details.

  • The purchase cost of the new machine is £40,000,000.
  • expected cash inflow from the machine is £17,000,000 and cash outflow of £6,400,000.
  • the expected life of the machine is 5 years and it will be sold for £5,000,000.
  • cost of capital for Cockfield Ltd is 7%.
  • the straight line depreciation method will be used.
  1. You are required to calculate the Payback period, accounting rate of return, and the net present value of the machine. And also give the recommendation about the machine whether it should be purchased or not.
  2. Make a report which considers the evaluation and examination of the merits and limitations of various investment appraisal techniques.
  3. Also, find out and study the advantages and disadvantages of using the budget as a tool for strategic planning.

Unlock Full Answers Instantly !

Access detailed, expert solutions to all your questions with just one click. See the complete answers now !

Unlock Now
Download Full Answer
Students have a lot of academic burdens these days that make them seek online assignment help from experts. Therefore, we have created an exclusive list of answer for almost every subject. Our highly qualified experts curated it for your assignment, essay, and dissertation help. So what are you waiting for? Explore the content written by our professionals and go ahead and seek essay writing services UK from our experts. The best part is they are available 24*7 to provide excellent assistance. So, what are you waiting for? Ask our experts, "Can you do my assignment for me, please?" You will see the magic happening in an instant.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price



    Get Up to 50% OFF

    Use Our Seasonal Offers!

    Coupon Code

    Claim Now

    Our unique Features

    24/7 Customer Support

    100% Customer Satisfaction

    No Privacy Infringement

    Quick Services

    Subject Experts

    Innovative Documents

    100+ Qualified Writers

    For Best (Accounting) Assignment Help

    Tim Garner
    3413 - Completed Orders
    Tim GarnerView Profile Hire Me
    Toby Davies
    678 - Completed Orders
    Toby DaviesView Profile Hire Me
    Julian Robert
    345 - Completed Orders
    Julian RobertView Profile Hire Me
    Daney Cobalt
    2312 - Completed Orders
    Daney CobaltView Profile Hire Me
    View All Writers
    IAH whatsapp

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance