You can answer the first question, but any help beyond that would be greatly appreciated...

The following information is background information only to be used for questions O saur. Carl's Cupcakes bakes and sells gourmet cupcakes from their retail bakery located in a busy shopping centre in suburban Brisbane. Carl's Cupcakes has been operating successfully since January 2010 and has built up a small but growing base of customers consisting o local householders and some corporate catering clients. Carl Bonner, the owner-manager of Carl's Cupcakes, is an old friend of yours from high school. Carl knows that you are studying accounting at university and contacts you for some advice about four business decisions he is currently considering. Please consider each of the next questions one to four independently