(Solved): Please provide all workings in a clear and understandable manner Question 1 (A) In response to cust ...

Question 1 (A) In response to customer complaints about rising prices of food items, a supermarket responds by making the following offer: For every $\$10$ of purchase, the customers will earn $\$1$ worth of coupons and this way they will end up making twice as much as the supermarket. If the supermarket makes $\$500$ worth of total sales to all customers taken together, how much will it need to restrict its costs to so as to honour the offer? Question 1 (B) Use the following information to answer the question that follow: $\begin{array}{ll}\text{ Net Income }& :\$205,000\\ \text{ Profit margin }& :7.80\%\\ \text{ A/R }& :\$151,642\\ \text{ Credit sales }& :60\%\text{ of total sales }\\ \text{ Compute the days’ sales in receivables }& \end{array}$