QUESTION $3(20$ Marks$)3\mathrm{.}1$ REQUIRED Use the information provided below to calculate the profit $($expressed to the nearest Rand$)$ to Eastbury Stores in each of the following cases: $3\mathrm{.}1\mathrm{.}13\mathrm{.}1\mathrm{.}23\mathrm{.}1\mathrm{.}3$ All the sales are for cash. Sixty percent $(60\%)$ of the sales is on credit and the balance is for cash. All accounts are paid in $60$ days$$ time. $($Show separate entries for cash and credit sales.$)$ All the sales are on credit and the credit terms are $3\mathrm{.}5/12$ net $30$ days. Suppose this discount applies to $70\%$ of the credit sales. INFORMATION $(2$ marks$)(5$ marks$)(6$ marks$)$ Eastbury Stores expects to sell $12000$ units of Product Orb at R$40$ per unit. The cost to manufacture the product is R$16$ per unit. If the sales are made on credit, collection costs of approximately $5\%$ of sales are likely to be incurred. The cost of capital is $18\%.3\mathrm{.}2$ REQUIRED Answer the following questions from the information provided below. Answers to the ratio must be expressed to two decimal places and be fully stated e$.$g$.5\mathrm{.}35\%.3\mathrm{.}2\mathrm{.}13\mathrm{.}2\mathrm{.}2$ Comment on the effectiveness of collections from debtors and provide recommendations. Calculate the bad debt ratio. INFORMATION $(4$ marks$)(3$ marks$)$ The annual sales of Pristine Stores for $2024$ amounted to R$5400000.$ Seventy percent $(70\%)$ of the sales was on credit. The bad debts for $2024$ totalled R$160000.$ Credit terms to debtors are $30$ days. The debtor collection period was $40$ days.