$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

MPA702 Financial Interpretation

tag 0 Download7 Pages / 1,617 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Grace Park has recently graduated with a Masters of Health and Human Services and has decided to set up her own business as a health policy and research consultant. From her past medical experience Grace is confident she can succeed with her business Park Health. Grace has provided the transactions for Park Health for the first quarter ending 3oth June 2018.
 
a) You are required to record the following transactions into the transaction analysis chart (template provided). 
 
April

1 Invested $160,000 of her own funds into a business bank account.
2 Purchased a self-contained office space in Richmond for $360,000. Grace paid a 10% deposit and the balance was financed through a mortgage with Gotcha Banking Corporation.
3 Grace purchased office equipment $18,000 cash. A six-month subscription for access to professional medical journals was purchased for $3,600 cash.
4 Office furniture was purchased for $3,000 cash. Paid $2,400 for professional indemnity insurance for 12 months. Office stationery was purchased for $860 on 30 day credit terms.
5 Grace acquired a motor vehicle for $30,000 on 120 days credit terms. No payments are required until July 2018.
12 Grace invoiced her first client, Carringvale Private Hospital, $2,000 for a day’s consulting.
13 Grace contributed her own laptop computer valued at $4,500, to the business.
16 Invoiced clients $3,500 for consulting services performed.
17 Received full payment from her first client.
18 Hired a research assistant on a casual contract basis.
30 Paid a mortgage repayment of $2,800, of which $1,200 is interest and $1,600 is principal.

May

1. Invoiced clients $9,800 for consultation and research. Grace withdrew $2,400 for personal use.
10 Paid wages to her research assistant totaling $1,200, $300 of which was deducted for PAYG tax which will be remitted to the Australian Taxation Office at a later date.
24 Received $5,800 from credit customers.
26 Paid telephone and internet for bill for April of $320.
27 Big Pharma Ltd, have agreed to retain Grace’s services as a lobbyist and research consultant in the future at a rate of $2,200 per day.
30 Paid a mortgage repayment of $2,800, of which $1,200 is interest and $1,600 is principal.

June

2 Invoiced a range of health providers for work performed $9,200
9 Paid wages to assistant totaling $1,800, $500 of which was deducted for PAYG tax and will be remitted to the Australian Tax Office in the future.
16 Paid motor vehicle expenses for the quarter totaling $580. Received $8,400 from credit customers.
25 Grace withdrew $2,800 from the business, of which, $1,200 was for a one-off payment for professional accreditation to the Allied Health Association, the relevant professional body, and $1,600 for airfares to Hawaii for a holiday later in the year. Made a part payment of $260 for the office stationery. 30 Paid a mortgage repayment of $2,800, of which $1,200 is interest and $1,600
is principal.
 
b) Prepare the fully classified Income Statement and Balance Sheet for the quarter ending 30 June 2018 for Park Health.

c) Park has concerns regarding the unlimited liability status of a sole trader and is considering setting up a proprietary limited company. She has read that shareholders enjoy limited liability and finds this attractive. Park will be the only shareholder and director of the company. Are there any circumstances in which Park, as a director, could be personally liable for any debts of the company?
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 7 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Financial Interpretation. Retrieved from https://myassignmenthelp.com/free-samples/mpa702-financial-interpretation/transaction-analysis.html.

My Assignment Help (2021) Financial Interpretation [Online]. Available from: https://myassignmenthelp.com/free-samples/mpa702-financial-interpretation/transaction-analysis.html
[Accessed 19 April 2021].

My Assignment Help. 'Financial Interpretation' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mpa702-financial-interpretation/transaction-analysis.html> accessed 19 April 2021.

My Assignment Help. Financial Interpretation [Internet]. My Assignment Help. 2021 [cited 19 April 2021]. Available from: https://myassignmenthelp.com/free-samples/mpa702-financial-interpretation/transaction-analysis.html.


MyAssignmenthelp.com offers affordable marketing assignment help to students all over the world. We have a strong team of 5000+ marketing experts who draft every paper from scratch. They dig deep to gather facts and information to present quality marketing papers. We also cover all assignments – research papers, dissertation, marketing reports, and more. Hire our writers today at the best rates and see your scores soar to the sky.

Latest Finance Samples

FINA6000 Managing Finance

Download : 0 | Pages : 14

Answer: This report emphasizes upon the capital structure, market value and valuation methods which could be used to analyze the market price of the shares of two companies. In this report, two companies named, Telstra and Wesfarmers Company have been selected. Each and every company needs to keep its financial leverage low and profitability high if it wants to survive in long run. It will allow company to sustain its business in long run. Pa...

Read More arrow

FIN4274 Advanced Financial Decisions

Download : 0 | Pages : 8

Answer Enhancing Return for Shareholders: Dividend-Paying vs. Growth Firms Enhancing Return for Shareholders Earnings through regular dividends or through reinvesting in the way of capital gains of the share price both act as a form of return for the investor and are different in there factors for thinking and approaching the same. The reinvestment of the dividend by the high growth firms often reinvests the dividend proceeds in the operat...

Read More arrow Tags: Malaysia Kuala Lumpur Management Computing Theory University of Kuala Lumpur 

MGT4023 Strategic Management

Download : 0 | Pages : 15

Answer: Introduction: The overall assessment aims in detecting the current financial performance of Pan Africa Resources PLC for the financial year of 2016 and 2017. The financial ratios have been taken into consideration, which helps in depicting the level of progress that has been made by the organisation over the fiscal years. In addition, the corporate governance status of the company is also evaluated to understand the current operations...

Read More arrow

C31CF Corporate Finance

Download : 0 | Pages : 6

Answer Background A report has been prepared on the argument that whether the Black Scholes model will give incorrect valuation for options having longer maturities as mentioned by Warren Buffet in some of the address to the shareholders. The report also discusses on the mathematical terminology being proposed and put forward by him and the argument that the put price will be exceedingly high is valid or not. Finally, a section of the r...

Read More arrow

FINC474 International Finance

Download : 0 | Pages : 3

Answer: The stock market provides important information about the stock prices of different companies along with accumulative movement of stock index. The objective of the document is to provide the readers with necessary information to assess the performance of Agthia Group Stock and the general index of ADI. The stock price movements of the Agthia stock along with the ADI general index movement shall be tracked to assess the performance of t...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,653,646

Orders

4.9/5

Overall Rating

5,121

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

265 Order Completed

97% Response Time

Ken Campbell

MSc in Electrical Engineering

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1758 Order Completed

99% Response Time

William Martinez

MS in Biology

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

752 Order Completed

100% Response Time

Hugh Cleave

Masters in Human Resource Management (MMgt, HRM)

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

THANK YOU SO MUCH FOR YOUR ASSISTANCE AND HELP DURING THESE TIMES! YOU ARE ALL AMAZING

flag

User Id: 628956 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

happy with the work happy with the work happy with the work happy with happy with the work h the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy wi...

flag

User Id: 618488 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

happy with the work ,happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy with the work happy wit...

flag

User Id: 618488 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

Written really well and answered the questions well. Straight to the point and citations are placed well. Well informated.

flag

User Id: 545795 - 19 Apr 2021

Australia

student rating student rating student rating student rating student rating

Order on the go!

Say hello to our new app

callback request mobile
Have any Query?