ASSIGNMENT 1 – SESSION 3 2019

1
ASSIGNMENT 1 – SESSION 3 2019
Assessment Title: Assignment 1 BAS
Weighting: 15% of total marks for semester (75 Marks reduced to a grade out of 15)
Topic Content: Payroll, GST, & FBT (Topics 1 to 4)
Due Date: 5pm Friday of Week 5
Submission:
ONE (1) EXCEL FILE USING THE TEMPLATE PROVIDED ONLY to be
submitted via the link on MySCU.
File Name: Must be in the format SURNAME Tax Assignment 1.xls/xlsx to be marked.
DO NOT SUBMIT PDF OR WORD FILES.
ONLY EXCEL FILES USING THE TEMPLATE PROVIDED WILL BE
MARKED.
OBJECTS AND FILES INSERTED INTO WORKSHEETS WILL NOT BE
MARKED.
Remember: The purpose of an assignment is for you to demonstrate your
knowledge and understanding of the topics. Make sure your answers are
comprehensive enough to achieve this.
NOTE: THIS IS AN INDIVIDUAL ASSIGNMENT
YOU SHOULD WRITE ALL WORK SUBMITTED YOURSELF AND IT SHOULD BE
BASED ON YOUR OWN RESEARCH. EVIDENCE OF COPYING FROM OTHER
STUDENTS OR ELSEWHERE WILL BE TAKEN SERIOUSLY AND REPORTED.

2
ASSIGNMENT INSTRUCTIONS
Tanya Tassle owns Born Again Bags, a not for profit business that is registered for GST. Born
Again Bags supports the diversion of post-consumer material (waste) into reusable bags to
replace plastic bags. Fabric is gathered or donated and made into cloth bags which are sold
to customers via an online shop.
Born Again Bags also receives income from donations and grants.
Receipts for the June quarter (inclusive of GST where appropriate):

Sales of bags $39,950
Donations $23,450
Grants $19,800
Trade-in of industrial sewing machine
previously used in the business
$1,000
Bags donated to local growers’ co-op
(market value $210)
$0

Expenses for the June quarter (inclusive of GST where appropriate):

Fabric and thread purchases $9,900
Fabric donated (market value $3000) $0
Subcontractors (not registered for GST) $6,600
Rent $6,000
Lunch at local restaurant* $230
Accommodation for staff at conferences (Hotel) $1,870
Airfares for staff to attend conferences** $3,850
Bookkeeping services $1,210
First Aid courses for staff members $550
New sewing machine $4,399
Business Loan (Principal $450 and interest $50) $500

*Lunch at the local restaurant was for Tanya, the owner of Born Again Bags, and a
commercial garment manufacturer who donates waste fabric to the business. For income
tax purposes this amount would be classified as entertainment and a deduction would be
denied under s32-5 ITAA97.
**During the period Born Again Bags paid for air fares for staff to attend a conference in
Sydney where Tanya was speaking. Tanya was ill the week before the conference and could
not attend. Consequently, the staff did not attend either and $1,100 of the airfares
mentioned above were not used. The airline did not refund this amount.
Born Again Bags also imported labels from Canada. The cost of the labels was $550 and the
freight was $35 (Australian Dollars). The supplier in Canada did not charge GST on these
goods.

3
Salaries & Wages:
Born Again Bags has 6 employees: 2 office staff and 4 machinists. They are paid weekly. All
employees are entitled to the tax-free threshold.
Jenny, Kate, Lisa, and Martin are all permanent employees. Their weekly pay is based on an
annual salary: and paid salaries. Annual salaries are:
Jenny: $39,000
Kate: $23,920
Lisa: $52,000
Martin: $18,720
Naomi and Oscar are casual employees and their weekly wage is based on the hours they
work. Their work hours are set out in the table below.

Employee/Week Naomi
$24/hour
Oscar
$16/hour
Week 1 – April 8 10
Week 2 – April 7 10
Week 3 – April 10 15
Week 4 – April 12 15
Week 5 – May 10 0
Week 6 – May 10 0
Week 7 – May 15 0
Week 8 – May 12 10
Week 9 – May 10 10
Week 10 – June 12 10
Week 11 – June 8 15
Week 12 – June 8 10
Week 13 – June 8 0

Business Activity Statement:
The ATO has advised that Tanya Tassle, as an individual taxpayer, has a quarterly income tax
instalment of $3,200. This amount is payable by her personally in the June Quarter.
In the last FBT year Fringe Benefits were provided to the office manager. There is an FBT
instalment showing on the BAS of $2,400. No Fringe Benefits have been provided in the
current FBT year.
There are no liabilities for WET or LCT, and no fuel credits.

4
REQUIRED (with SUGGESTED TIMETABLE FOR COMPLETION):
a) WEEK 2: Prepare the schedule of payroll information for wages paid, including
PAYG withholding deductions, and net wages for each employee by week. (
12
Marks
)
b)
WEEK 2: Calculate the employer’s statutory Superannuation Guarantee obligations
for each employee for the quarter. (
10 Marks)
c)
WEEKS 3 and 4: Provide a short definition and discussion of GST taxable supplies.
Explain and classify each transaction item listed, including wages and
superannuation, by the type of GST supply, and calculate any GST included in the
price. (
22 Marks)
d)
WEEKS 3 and 4: Provide a short definition and discussion of creditable acquisitions
and discuss what conditions need to be met before Born Again Bags can claim
input tax credits in relation to the expenses listed? Explain whether each of the
acquisitions is a creditable acquisition. (
16 Marks)
e)
WEEK 5: Prepare a fully labelled Business Activity Statement for the quarter ended
30 June 2019. (
7 Marks)
IF YOU FOLLOW THE SUGGESTED TIMETABLE FOR COMPLETION AND POST ANY
QUESTIONS FOR FEEDBACK ON THE DISCUSSION BOARD, IN THOSE WEEKS, THIS WILL
HELP YOU IN YOUR FINAL SUBMISSION.
Show all calculations and formulas, and support all answers with references to
legislation, case law and/or rulings. Up to
eight (8) marks awarded for quality of
explanations & referencing.
END OF ASSIGNMENT INSTRUCTIONS

Quiz 5

Question 1 2 / 2 points
Which inventory control method focuses on accounting for different elements of inventory at different times during the year?
Question options:

A)
ABC Method

B)
Two-bin System

C)
Just-in-time System

D)
Cycle Counting
Question 2 2 / 2 points
Which inventory control method is similar to the household tendency to store a second bag of staple items such as sugar or flour?
Question options:

A)
Cycle Counting

B)
Two-bin System

C)
Just-in-time system

D)
ABC Method
Question 3 2 / 2 points
Manufacturing operations designed to produce a variety of products in smaller quantities involving computer-controlled equipment are known by which of the following terms?
Question options:

A)
Demand management strategies

B)
Flexible manufacturing systems

C)
Continuous manufacturing systems

D)
Recursive management strategies
Question 4 2 / 2 points
A forecasting approach that considers several different variables to determine expected sales is known as which of the following?
Question options:

A)
Associative Forecasting

B)
Variable Forecasting

C)
Frontline Forecasting

D)
SCOR Forecasting
Question 5 2 / 2 points
Which of the following is a quality-focused management approach that is customer-driven and dedicated to continuous improvement?
Question options:

A)
Quality Systems Management (QSM)

B)
Customer Quality Initiative (CQI)

C)
Total Quality Management (TQM)

D)
American Society for Quality (ASQ)
Question 6 2 / 2 points
Which terms are used to refer to manufacturing operations used in the mass production of standardized products?
Question options:

A)
Job shops

B)
Project manufacturing

C)
Specialized labor systems

D)
Repetitive manufacturing
Question 7 2 / 2 points
A list of critical factors that provides guidance in assessing a supplier’s performance is known as which of the following?
Question options:

A)
ISO 9000

B)
Total Quality Management (TQM)

C)
ABC Method

D)
SCOR Model
Question 8 2 / 2 points
Which manufacturing operations are used in the production of unique but similar products?
Question options:

A)
Job shops

B)
Project manufacturing

C)
Specialized labor systems

D)
Repetitive manufacturing

Case Study – Operational Strategy For An IT Organization

he decision to adopt or bypass a technology can give a company a tremendous competitive advantage or remove a company from the market completely.   Using the 3 paragraph structure described in the announcements, please research and explain

In your own words, no quotations allowed this week.

Choice ONE Technology, that YOU predict will have a major impact on the way work is done?  write one paragraph describing the technology, one paragraph on What you see as possible negatives to this technology  and one paragraph on a positive aspect.

This is your format. Deviations from this format will result in a failing grade and additional scrutiny for plagiarism

Social Science homework help

Please respond to the following:

  • Using the Internet or Strayer databases, analyze pricing techniques for established products and services. Next, select and explain the pricing strategy you would use for a business. Within your response, you should also identify three (3) objectives this strategy seeks to achieve.
  • Discuss four (4) strategies you could use for the development of a successful website to support a new business. Be specific in stating how these strategies will help the company achieve its goals.

Essay 2

Structural unemployment can occur when workers do not have the skills that employers are looking for. Some people are concerned that technological innovations (such as artificial intelligence) will massively increase structural unemployment over the next few decades.

• Do you think a massive increase in structural unemployment is likely? Or are these fears unrealistic?

• Retraining structurally unemployed workers is one proposed solution to structural unemployment. However, worker retraining programs have not been particularly effective. Why do you think this is? Is there some way to effectively retrain workers who are structurally unemployed?

• A Universal Basic Income has been another proposed solution to structural unemployment. Does this seem like a useful solution to structural unemployment?

• Explain your answers. Remember to provide a works cited page if you consult any sources.

2 C Functions

The prototypes are:

int put(int,int);
int get(int);

put(int index, int x) will save the value of x in a global variable
at index “index.” index is between 0 and 9 (incusive)

The return value of the put function should be 0.

get(int index) will return the value that was most-recently saved by put
at index “index.”

Again, this is not a stack:
there is no memory of anything except the most recent put.

Write put and get in a single file named putget.c You should include your
global variable in this file as well.