(a)[4]
Calculate these ratios: Trade receivables turnover (days) and Trade payables turnover (days).
(b(i))[2]
Suggest two reasons why the trade receivables turnover differs between the two businesses.
(b(ii))[2]
Suggest two reasons why the trade payables turnover differs between the two businesses.
(c)[5]
Advise Omer whether or not he should employ a marketing manager. Justify your answer. You may refer to the possible effects on the business’s income and expenses.
(d)[3]
State three ways by which Omer could lessen the chance of irrecoverable debts.
(e)[4]
State why Omer should apply each of the following accounting principles. Matching Prudence Consistency Business entity