9. Using a benchmarking section from the lecture, what information does the % of wages and super, as well as Stock turns and GMROI tell you about this business?

10. What are the key differences between the Cashflow budget and Profit Budget?

11.Describe a scenario where having a cash flow budget would be of benefit

Practice Statement of Financial Performance Table showing practice figures Sales 3658000 opening stock purchases closing stock (COGS) 415000 2458600 378000 Gross profit 10500 17000 10000 500 7000 18000 2000 15500 5000 Expenses accountancy advertising bank charges cleaning computers depreciation freight electricity petty cash insurance interest leasing charges printing repairs telephone Wages Superannuation rent total 12300 150000 6000 3500 2500 13500 540000 51300 118000 982600