Features of monopolistic competition
Features of monopolistic competition include:
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Disadvantages that a developing country may suffer by liberalizing foreign trade
Disadvantages that a developing country may suffer by liberalizing foreign trade include.
The following balances were extracted from the books of Rehema Traders on 1st January. 2007.17/12/2020 The following balances were extracted from the books of Rehema Traders on 1st January. 2007.
The following transactions took place during the year ended 31 st December, 2007:
(i) Sold furniture worth Ksh. 60,000 for which Ksh. 40,000 cash was received and the balance was due at the end of the year. (ii) Purchased goods worth Ksh.100,000 for which cash of Ksh. 70.000 was paid and the balance was still outstanding at the end of the year. (iii) Cash Ksh. 10,000 was taken from the business by the proprietor to settle the spouse’s hospital bill. Required: Draw Rehema Trader’s balance sheet as at 31st December, 2007 showing the items in their relevant classes. (10 marks) Discuss causes of unfavourable balance of payment for most developing countries,
Causes of unfavourable balance of payment for most developing countries include:
Give reasons for maintaining books of original entry.
Reasons for maintaining books of original entry include:
Amboseli Roses is a horticultural company producing flowers. Explain six factors that may influence the choice of a channel for distributing its products.
Factors that may influence the choice of a channel for distributing flowers include:
Discuss circumstances under which a partnership may be dissolved.
Circumstances under which a partnership may be dissolved include:
Explain benefits that may accrue to an organization that adopts an open office plan.
Benefits that may accrue to an organization that adopts an open office plan include:
Describe features of economic resources.
Features of economic resources include:
Discuss factors that may be considered when choosing a method for promoting a product.
Factors to consider when choosing a method of promoting a product include:
A farmer’s house valued at Ksh. 1,200,000 was insured against fire for Ksh. 900,000 under the “with average clause”. Fire occurred and damaged the house causing a loss of Ksh. 500,000. Determine the value of compensation due to the farmer..Explain the procedure for making an insurance claim.
Explain circumstances under which containerization may be used to transport goods.
Circumstances under which containerization may be used to transport goods include:
Explain six factors that may hinder the development of a country.
Factors that may hinder the development of a country include:
Explain the following types of inflation:
(i) Demand-Pull inflation
Explain five guidelines that should be followed by the government in its expenditure. (10 marks)17/12/2020 Guidelines that should be followed by the government in its expenditure
Guidelines that should be followed by the government in its expenditure include:
The cost of consumer goods and services for a representative basket of an average family is given below.
Determine the increase in Consumer Price Index using 2006 as the base year.
The following information relates to Bahati enterprises:
Calculate:
Expected ResponseState four benefits that a trader may get by advertising products in a newspaper.
Benefits that accrue to a trader who advertises products in a newspaper include:
Accounting documents that are used in home trade
Accounting documents that are used in home trade include:
On 1st January 2007, Muthoni Traders Cash Book showed a credit balance of Ksh 150,000 at the bank and a debit balance of Ksh 25,250 in hand. During the month, the following transactions took place:
Prepare a Two-column Cash Book for the month. (5 marks)
Outline four reasons why a firm may remain small.
Reasons why a firm may remain small include:
Objectives that may be achieved by establishing firms in different parts of the country
Objectives that may be attained by establishing firms in different parts of the country include:
Outline four circumstances in which a trader may use oral communication.
Circumstances in which a trader may use oral communication include:
Explain four reasons for which traders observe ethical practices in product promotion. (8 marks)17/12/2020 Reasons for which traders observe ethical practices in product promotion
Reasons for which traders observe ethical practices in product promotion include:
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