(a)[5]
Prepare the income statement for Talula for the year ended 30 September 2025.
(b)[4]
Suggest two actions Talula could take so that her profit for the year is unaffected. For each action, state the effect it might have on Talula’s business. An example appears in the table.
(c)[5]
Advise Talula whether she should accept card payments or not. Justify your response with two arguments for and two arguments against Talula accepting debit and credit card payments.
(d)[3]
State three advantages for Talula of entering into a partnership with Sheila.
(e)[3]
Identify three clauses, other than how profit or loss will be shared, that the partnership agreement should cover if Talula agrees to the partnership with Sheila.