Could you please help me with this;

1. Outline twoadvantages the large supermarket chains will have over Johanna.
2. Prepare a profit and loss account for the year ended 31 December 2012. Show all workings.
3. Calculate the annual depreciation expenses of the van.

i. The usefulness of Johanna's profit and loss account to different stakeholders.

ii. Any ethical considerations Johanna Jacobson may consider in her accounting practices.

IB Business Management Finance and Accounts 3.4 Final Accounts: Assessment IB Business Management: 3.4 FINAL ACCOUNTS: ASSESSMENT www.3usinessMana ementlB.com Read the case study below and answer the questions that follow. JOHANNA JACOBS ON'S ACCOUNTS Johanna Jacobson is a sole trader who has recently opened a small, specialist food shop. Her main competitors are the large supermarket chains. Johanna prides herself on the quality of her products and the personal services she offers. For each month in 2012: - The shop's sales averaged $80 000 - The cost of goods sold was 75 per cent of sales revenue Total indirect costs for the year were $l 40,000 Johanna has just bought a new van for $40 000 to provide customers with a delivery service. The van has a useful life of four years and she expects to sell the van for $8 000 at the end of its life. Source: www. Business/Man agementtB.cam