MNE3701
ASSIGNMENT 2 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 8 MAY 2025
, MNE3701 ASSIGNMENT 2 – SMALL BUSINESS MANAGEMENT
Student Name:
Student Number:
Due Date: 8 May 2025
Question 1: Constructing Financial Statements (10 marks)
To construct the financial statements of my small business (e.g., a local coffee shop), I
would start by maintaining accurate daily records of all financial transactions using
accounting software like QuickBooks or Sage.
1. Income Statement: This would show revenues from coffee sales minus expenses
like rent, wages, and utilities. For example, if I sold R50,000 worth of coffee in a month
and spent R30,000 on costs, my profit would be R20,000.
2. Balance Sheet: I’d list assets such as coffee machines (R25,000) and cash
(R10,000), and liabilities like a supplier loan (R15,000). Owner's equity would be
calculated as assets minus liabilities (R35,000 - R15,000 = R20,000).
3. Cash Flow Statement: This would track actual cash inflows and outflows. For
example, receiving R5,000 from customers and paying R2,000 to suppliers.
I would use these statements monthly to make informed decisions, manage growth, and
apply for loans or investors.
Question 2: Managing Human Resources (10 marks)
Effective HR management is crucial for performance and growth. In my coffee shop, I
would focus on the following:
ASSIGNMENT 2 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: 8 MAY 2025
, MNE3701 ASSIGNMENT 2 – SMALL BUSINESS MANAGEMENT
Student Name:
Student Number:
Due Date: 8 May 2025
Question 1: Constructing Financial Statements (10 marks)
To construct the financial statements of my small business (e.g., a local coffee shop), I
would start by maintaining accurate daily records of all financial transactions using
accounting software like QuickBooks or Sage.
1. Income Statement: This would show revenues from coffee sales minus expenses
like rent, wages, and utilities. For example, if I sold R50,000 worth of coffee in a month
and spent R30,000 on costs, my profit would be R20,000.
2. Balance Sheet: I’d list assets such as coffee machines (R25,000) and cash
(R10,000), and liabilities like a supplier loan (R15,000). Owner's equity would be
calculated as assets minus liabilities (R35,000 - R15,000 = R20,000).
3. Cash Flow Statement: This would track actual cash inflows and outflows. For
example, receiving R5,000 from customers and paying R2,000 to suppliers.
I would use these statements monthly to make informed decisions, manage growth, and
apply for loans or investors.
Question 2: Managing Human Resources (10 marks)
Effective HR management is crucial for performance and growth. In my coffee shop, I
would focus on the following:
