a) Joint demand-(Complimentary demand) applies to those commodities used together e.g. vehicle and petrol whereas derived demand is where demand of one commodity is due to demand of another commodity e.g. demand for input is as a result of demand of finished products
b) Shift in the demand curve is due to change in demand of a commodity caused by factors other than price of that commodity whereas movement in the demand curve is a change in demand caused by changes in price of the commodity.
sharon kalunda answered the question on September 2, 2019 at 07:34
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...(Solved)
The following balances were extracted from the books of Kipchoge as at 31st Dec, 2014
Shs.
Capital 30,000
Bank 3,400
Cash 2,700
Discount received 200
Drawings 300
Land 6,000
Furniture & Fittings 19,000
Sales 4,500
Prepare a correct trial balance as at 31st Dec 2014.
Date posted: September 2, 2019. Answers (1)
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The diagram below shows supply curves of two producers in different countries but of the same product.
Highlight four reasons why producer Y supplies more than producer X at the same price.
Date posted: September 2, 2019. Answers (1)
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Year ...(Solved)
The cost of consumer goods for a representatives of a household is given below:
Year Price
2010 5000
2011 9000
Determine the increase in consumer price index using 2010 as the base year.
Date posted: September 2, 2019. Answers (1)
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Date posted: September 2, 2019. Answers (1)
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...(Solved)
The following balances were extracted from Mwangaza traders books of accounts.
Shs.
Opening stock 25,000
Closing stock 35,000
Purchases 190,000
Mark - up 20%
Calculate:
i) Cost of sales
ii) Gross profit
iii) Sales
iv) Rate of stock turnover (ROSTO)
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The following balances relate to Maendeleo Electrical Enterprise as at 31st December, 2014.
Sh.
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Stock 190,000
Debtors 150,000
Motor vehicle 1,100,000
Cash- in- hand 150,000
Creditors 270,000
Bank overdraft 130,000
10 year bank loan 1,200,000
Capital 1,660,000
Drawings 750,000
Net profit 320,000
Required:
Prepare a balance sheet as at 31st December, 2014 clearly showing:
i) Net capital
ii) Total current liabilities
iii) Total current assets
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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
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20: Withdrew sh. 100,000 from bank for office use
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28: The owner took some stock worth sh. 5,000 home for family use
30: Deposited all the cash into bank except sh. 27,400.
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Prepare a three column cash book and balance it off.
Date posted: September 2, 2019. Answers (1)
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Required
Record the above transactions in the appropriate journals.
Date posted: August 20, 2019. Answers (1)
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There is a tendency of firms being located where other firms exist. Highlight five disadvantages of this move.
Date posted: August 20, 2019. Answers (1)
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Jan 2nd...(Solved)
On 1st January 2019 Caleb traders had shs.110,000 in hand and shs 50,000 (cr) at bank. During the month, the following transactions took place:
Jan 2nd Cash sales 40,000
3rd Paid postage expenses 4,100 in cash
5th received the following cheques from debtors after they had deducted 2% in each case, Kamau shs.2450, Loni Shs.9,604 and Tena shs.2940.
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13th Cash sales directly banked shs.10,000
16th sold goods worth shs.18,000 on credit to Kiyonga.
24th Receive shs. 18,000 cash from Oman in settlement of his account of shs.20,000
26th Took office cash to the bank leaving shs.40,000 only.
Prepare a duly balanced three column cash book.
Date posted: August 20, 2019. Answers (1)