(a)[3]
Calculate the bank balance as at 30 September 2020.
(b)[17]
Prepare the income statement for the year ended 30 September 2020. Use the next page for your workings.
(c(i))[1]
Calculate the gross margin, correct to two decimal places, for the year ended 30 September 2020.
(c(ii))[1]
Calculate the mark-up, correct to two decimal places, for the year ended 30 September 2020.
(c(iii))[1]
Calculate the profit margin, correct to two decimal places, for the year ended 30 September 2020.
(d(i))[2]
Explain how a business could raise its gross margin.
(d(ii))[2]
Explain how a business could raise its profit margin.
(e)[3]
State one reason why each of the following may wish to examine the financial statements of a business: 1 Employees 2 Suppliers 3 Government