AIN3701Assignment3Memo2025| CompleteDetailedSolutions& Answers

AIN3701 Assignment 3 Memo 2025 |
Complete Detailed Solutions &
Answers – Due 8 August 2025



Contents
1 Introduction 3

2 Question 1: Fishbone Diagram for Membership Decline 3
2.1 Question 1(a): Create a Fishbone Diagram . . . . . . . . . . . . . . . . 3
2.1.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

3 Question 2: IFRS 15 – Revenue from Contracts with Customers 4
3.1 Question 2(a): Identify Performance Obligations . . . . . . . . . . . . 4
3.1.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3.2 Question 2(b): Journal Entry at Contract Inception . . . . . . . . . . . 5
3.2.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
3.3 Question 2(c): Journal Entry at Month-End (No Incentives Met) . . . 5
3.3.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
3.4 Question 2(d): Journal Entries for T-Shirt Incentive . . . . . . . . . . 5
3.4.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
3.5 Question 2(e): Journal Entry for Non-Qualified Gym Bag . . . . . . . 6
3.5.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

4 Question 3: Revenue and Inventory Summaries 6
4.1 Question 3(a): Revenue Summary . . . . . . . . . . . . . . . . . . . . . 6
4.1.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
4.2 Question 3(b): Inventory Summary . . . . . . . . . . . . . . . . . . . . 7
4.2.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
4.3 Question 3(c): Comment on Inventory Discrepancies . . . . . . . . . 7
4.3.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
4.4 Question 3(d): Internal Control Measures . . . . . . . . . . . . . . . . 7
4.4.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

5 Question 4: Multiple Regression Analysis 7
5.1 Question 4(a): Interpret Multiple Regression Results . . . . . . . . . . 8
5.1.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

6 Question 5: Visual Dashboard in Excel 8

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, 6.1 Question 5(a): Create a Visual Dashboard . . . . . . . . . . . . . . . . 8
6.1.1 Solution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

7 Supplementary Questions and Answers 8

8 Conclusion 14




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