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i) Nature of milk – perishable product
Shorter / direct channel
ii) Cost of distribution - cost effective
iii) Level of competition
iv) The quantity of milk being supplied
v) Need for technical personnel
vi) Extent of the market
vii) Availability of middlemen / agents / inter – mediaries
viii) Government policy on distribution
ix) Number of buyers.
sharon kalunda answered the question on September 2, 2019 at 05:54
- On first October 2010, Makueni Traders had sh. 110,000 in hand and sh. 500,000 at bank. During the
month, the following transactions took place.
October, 2010:
2: Cash...(Solved)
On first October 2010, Makueni Traders had sh. 110,000 in hand and sh. 500,000 at bank. During the
month, the following transactions took place.
October, 2010:
2: Cash sales directly banked sh. 70,520
3: Bought stationery in cash sh. 9,000
4: Bought stock worth sh. 40,000 and the payment was done by the end of the next month in cash.
5: Paid Josh, a creditor sh. 188,000 by cheque in full settlement of his account after deductions 6% cash
discount
10: Received a cheque for sh. 117,600 from Esther after allowing her a cash discount of sh. 2,400
12: Sold goods worth sh. 10,000 to Eric on credit
16: Paid salaries sh. 62,000 in cash
20: Withdrew sh. 100,000 from bank for office use
24: Arnold, a debtor paid his account of sh. 150,000 by cheque less 10% cash discount
28: The owner took some stock worth sh. 5,000 home for family use
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Required:
Prepare a three column cash book and balance it off.
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Jan 2nd...(Solved)
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Jan 2nd Cash sales 40,000
3rd Paid postage expenses 4,100 in cash
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24th Receive shs. 18,000 cash from Oman in settlement of his account of shs.20,000
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