Kindly ADD to CART and Purchase the Full Answer at $5.99 ONLY.
Canvas Submission Deadline: Tuesday, 22nd November 2022 by 2pm
Module Leader: Syed Hussain Learning outcomes Knowledge:
Assessment weight: 100% of module
Please read carefully the following instructions:
This assessment is in three (3) parts; answer all elements. Word Count – 3,000 words (plus or minus 10%)
Please note that this is an individual assignment and the policy of the University on “Policy on Cheating, Collusion and Plagiarism” applies.
Racca Limited is a new business that started trading on 1 January 2021. You have recently been appointed as an account manager within the accounting department and have been presented with the following summary of transactions that have occurred during the first year of trading:
For the period 1 April 2021 to 31 March 2022 £4,500
At the end of the year it was clear that a credit customer (trade receivables) who owed £1,500 would not be able to pay any part of the debt. All of the other trade receivables were expected to settle in full.
The business uses straight-line depreciation for non-current assets.
Prepare for Racca Limited, a Statement of Income for the year ended 31st December 2021 and a Statement of Financial Position as at 31 December 2021. (20 marks)
Stockstone Limited makes electric kettles that they currently sell at £13 each. The management believes that the company’s equipment could currently produce up to 70,000 units of electric kettles per year. However, the budget for the coming year is 53,000 units of electric kettles and costs are estimated as follows:
Variable Costs (per unit)
|Labour Variable overheads||£2.95
businesses. (13 marks)
You have recently joined the finance team at Rockham Plc a manufacturer of components for the motor industry. On the first day, you heard a few colleagues talking about a potential investment of a new machine and the importance of budgeting as a successful tool within the overarching strategic planning process. As these areas are of particular interest you request to be part of the project team that assesses the viability of the investment. You are provided with the following details:
The purchase cost of the new machine is £40,000,000. The machine will produce an expected annual cash inflow of £17,000,000, with an annual cash outflow of £6,400,000. It is expected the machine will have a useful life of 5 years after which it can be sold for £5,000,000. The machine will be depreciated using the straight-line method. Rockham Plc currently has a cost of capital of 7%.
Your seminar tutor on the basis of the following general criteria will assess the paper:
|Word limit||Penalty||Actual Word Count|
|Exceeds limit by up to 10%||No penalty – tolerance band
|Exceeds limit by 10.1-20%||-5%||3301 – 3600|
|Exceeds limit by 20.1-30%||-10 %||3601 – 3900|
|Exceeds limit by 30.1-40%||-15 %||3901 – 4200|
|Exceeds limit by 40.1-50%||-20 %||4201 – 4500|
|Exceeds limit by more than 50%||Mark of zero||4501+|
For further information regarding Assessment Regulations, extenuating circumstances or extensions and academic integrity, please refer to your Programme Handbook on the University of Sunderland in London information page on Canvas.
Please access your reading list from the library website. To access it, please go to https://moduleresources.sunderland.ac.uk/ and search for your module.
Your submission link will become available approximately 3 weeks prior to your submission deadline. Your submission will be on your module space on Canvas. Please refer to the ‘General Assessment Guidance’ under the Assignment tab, for detailed instructions on how to submit and how to check for your marks and feedback.
You will be marked in accordance to the University of Sunderland assessment criteria. The assessment criteria covers; Relevance, Knowledge, Analysis, Argument and Structure, Critical Evaluation, Presentation, Reference to Literature.
Your mark and feedback will be made available to you electronically once the internal moderation has taken place, which is after 4 weeks from your submission deadline.
The University is committed to the universal academic standard, which requires that students must not submit materials which contain someone else’s work without appropriate acknowledgement.
By submitting, you confirm that the work you submit is your own and that you have read and understood the guide to academic integrity and academic misconduct.