Bubble Tea Case Study

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b) The deference between budgeted and actual costs and sales were when we kept our bubble teas in the dining hall, one of the dining hall’s staff dropped one of our bubble teas (pure green tea with medium size and it was cost $6.00) down to the floor and it was broken because all the bubbles and the water were pour out on the floor. “I went to her and asked her if she could pay for it, but she said nothing” I was so upset because I really did not expect something like this happened to our business. Another terrible problem that happening was one of our members bought our bubble teas, but he only paid $5.00 the reason was because he did not bring enough at the time. Next during our class time I asked him, but he was laugh I thought it was funny.
GST to IRD
$4.26
2. GST (show all your workings)

3. Profit and loss for day 1 and day 2 in the week 11-12
Revenue
- sales $138.00
Less cost of goods sold
- bubble tea $98.00
- gross profit $40.00
Less operating expenses
- bus fees $7.20
Total operating expenses $7.20
Net profit $ 32.80

4. Balance sheet for Fresh Bubble Tea in the week 11 and 12
Current assets
- Cash $78.80
Non-current assets
- None $0

$78.80 Current liabilities
- None $0
Non-current liabilities
- None $0
Owner equality
- Capital $55.00
- Profit $32.80

$78.80

5. Profit
We have got $27.60 each person because the revenue that we have got is $138.00, therefore the revenue that each person received is about $16.60 which was quite good because it’s not really far from what we had expected. We were happy with these results.
Net profit margin
Net profit margin = Net profit before tax Net
We did quite a great job at making the profit because as you can see the number above. We only invest $55.00, but we the revenue that we received from customers were up to $138.00. Next is the GST from sales are $138.00, our GST is $18.00, GST of expenses is $13.73 while GST for IRD is $4.26 we have only been reselling our products, so that why the GST statement is easily set up, the total for our net profit is actually $40.00, but because we have mines 7.20 therefore we only have got $32.80 in our net profit. In the balance sheet statement as you can also see there are only a few number “once again it’s because we invest in a small amount of money” so the amount of number that I have put in the columns just a few. For current assets we have got $78.80 but current liabilities, non- current assets and non- current liabilities are none which is because we did not sell a lot of products. In the owner equality I have got capital $55.00 whereas we have got $32.80 on our net profit which is cool. In the net profit margin (net profit before tax ÷ net sales, in this edition I will only show the perseratus so the results is in the percent which 23.7% whereas return on owner’s equality diving by total owner equality which is 37.3%

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