(a)[10]
Prepare a statement for the year ended 31 December 2016 to work out the restaurant profit. The statement should also show the gross profit clearly.
(b(i))[2]
Calculate how far apart the gross margins of both restaurants are.
(b(ii))[6]
Discuss three actions the club could take to raise the gross margin.
(c)[2]
Explain how the life subscriptions should be accounted for.
(d)[5]
Advise Gurmukh whether he ought to become a life member or not. Justify your advice.