$1)$ a$)$ What is an alternative to calling the finance manager about collecting the bad debts from

Jackson Foods? $(1\mathrm{.}5$ Marks$)$

b$)$ What effects will this alternative have on So Maple$$s cash flow and amounts received?

$(1$ Mark$)$

$2)$ Henry and Judy did not agree to have an open account with Jackson Foods.

a$)$ What would be the disadvantages of So Maple having an open account with Jackson

Foods? $(1\mathrm{.}5$ Marks$)$

b$)$ If Henry and Judy agreed to an open account, what steps could they take to ensure their

profit margin is still achieved? $(1$ Mark$)$

$3)$ Henry and Judy agreed for Jackson Foods to make a down payment on its order before they

shipped it$.$ What recommendations would you give to Henry and Judy about determining the

selling price and payment options for Jackson Foods as a new international customer?

$(2\mathrm{.}5$ Marks$)$

$4)$ a$)$ Based on the new exchange rate, what would be the new Canadian equivalent that So

Maple would be receiving for the outstanding balance? $(1\mathrm{.}5$ Marks$)$

b$)$ What suggestions do you have to help So Maple protect its profit margin against foreign

exchange risk?