Question 1 (30 marks)A. A plant manager recently made the following statement at a team meeting:'No bean counter knows enough about my responsibilities to be of anyuse to me. As I see it, our accountants may be needed to keep recordsfor shareholders and the Australian Tax Office, but I don't want themsticking their noses in my day-to-day operations.'Required: As a management accountant, provide a suitable reply to theplant manager. (10 marks)B. Wayne Deng is reviewing the statement of cash flows for his technologybusiness. The statement has been provided by his accountant. He is dismayedthat the statement shows net cash outflows for investing activities.Required: Discuss if Wayne should be concerned by this. (10 marks)C. Your doctor knows that you are studying accounting. He has recently receivedthe annual report for a company in which he is a shareholder. The financialreport within the annual report is lengthy and your doctor requests your adviceas to whether he should contact the company to complain that the financialinformation is not understandable.Required: Provide a suitable reply to your doctor. (10 marks)Question 2 (10 marks)Luigi and Gina Cicello have decided to lease some newly built premises for thepurpose of opening a seafood outlet. They intend to provide a wide range of differentproducts, including a variety of seafood for sale and take-away fish and chips.RequiredDiscuss the types of economic decisions Luigi and Gina Cicello will be required tomake, and the information they will need to make those decisions. Identify whetherLuigi and Gina may require the services of an accountant. Justify your answer. Question 3 (20 marks)Sunrise Ltd completed the following transactions during a given year:No. Transaction Ratio1 Sold obsolete inventory at cost Profit margin2 Issued a share dividend on ordinary shares Earnings per share3 Declared a cash dividend on ordinary shares Dividend payout4 Paid the GST owing to the tax office Dividend yield5 Purchased inventory on credit Quick ratio6 Sold inventory for cash Current ratio7 Wrote off a bad debt against Allowance forDoubtful DebtsCurrent ratio8 Collected an account receivable Receivables turnover9 Sold inventory on credit Inventory turnover10 Issued additional ordinary shares for cash Debt ratio