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COMM1140-Financial Management - Term 1, 2025

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Identify two issues

from the case above that suggest SHOPSPACE has internal control problems. For each case, outline which component of the

internal control system is lacking.

8 Marks.

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In finance, free cash flow (FCF) to the firm could be described by the following statements:

  1. FCF is a measure of the surplus cash that is available to the firm's investors.
  2. The higher FCF is, the more valuable the firm will be.
  3. FCF is often referred to simply as "cash".
  4. FCF is what is left over after a firm pays it's interest expense on outstanding debt.
  5. Depreciation and amortisation expenses must be deducted to calculate FCF when starting from EBIT.

Which one of the following choices best describes FCF?

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Which one of the following statements is most true about Dividend Yield?

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Calculate Goggle Australia's taxable income for the 2024-25 income year (5 marks). Calculate Goggle Australia's tax liability for the 2024-25 income year (2.5 marks). 

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Reflect on whether Australia’s corporate tax rules are effective in ensuring multinational companies like Goggle contribute fairly to public finances. Identify at least one strength and one weakness of the current system (5 marks).

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Prepare an

Income Statement for the year ended 30 June 2023.

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In the Balance Sheet as at 30 June 2023, what would be the closing

balance of retained profits? Show all workings.

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Record each transaction i to viii in the table below.

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