QUESTION ONE (25 Marks) 1.1 TT Distributors' normal credit terms to Mia Stores are 30...
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QUESTION ONE (25 Marks) 1.1 TT Distributors' normal credit terms to Mia Stores are 30 days but are prepared to allow a 3% rebate if it pays the account within 13 days. Calculate the cost to Mia Stores of not accepting the discount. (5 marks) 1.2 "Financial advisors have to exercise their judgements in establishing the correct dividend pay-out policy" In light of the above statement, briefly discuss the factors that need to be considered in formulating an appropriate dividend policy (6 marks) 1.3 Discuss FOUR (4) requirements for effective management accounting. (8 marks) 1.4 Differentiate between accruals and bank overdraft (6 marks)
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