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- Leads to charging of high prices
- Causes the production of sub-standard products since there is no competition
- It may cause unequal distribution of income
- Too much monopoly power may be used to influence government to adopt unfavourable policies
- Some may operate at excess capacity causing unemployment and wastage of resources
sharon kalunda answered the question on September 2, 2019 at 09:42
- State four reasons why diagonal communication needs to be encouraged in an organization.(Solved)
State four reasons why diagonal communication needs to be encouraged in an organization.
Date posted: September 2, 2019. Answers (1)
- The following trial balance was extracted from the books of Lule Traders on 30th April 2015.Stock as at 30.4.2015 Shs. 49,980
Required:
a) Trading, profit and Loss...(Solved)
The following trial balance was extracted from the books of Lule Traders on 30th April 2015
Stock as at 30.4.2015 Shs. 49,980
Required:
a) Trading, profit and Loss account for the year ended 30th April 2015
b) Balance sheet as at 30th April 2015
Date posted: September 2, 2019. Answers (1)
- Explain four reasons why upward communication should be encouraged in an organization.(Solved)
Explain four reasons why upward communication should be encouraged in an organization.
Date posted: September 2, 2019. Answers (1)
- Bartenge Enterprises started business on 1st May 2014 with Shs. 250,000 consisting of:
Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs....(Solved)
Bartenge Enterprises started business on 1st May 2014 with Shs. 250,000 consisting of:
Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs. 20,000.
The following transactions took place during the month of May.
3rd May 2014, Motor Van worth Shs. 85,000 and stock of Shs. 25,000 were bought on credit
6th May 2014, more stock worth shs.10,000 was bought by cash
9th May 2014, withdrew money from bank sh 50,000 for office use
15th May 2014, Sold stock at cost to a customer on credit for shs. 18,500
19th May 2014, received a cheque for the full settlement of a debt owed from the transaction of 15th may 2014
23rd May 2014, paid Shs. 65,000 by cheque for the motor van bought earlier on credit
31st May 2014, paid Shs. 20,000 cash for the stock bought on credit
Required:
Prepare the balance sheet of Bartenge Holdings as at 31st May 2014.
Date posted: September 2, 2019. Answers (1)
- Unemployment solving has been an agenda to most developing economies. Identify the type of unemployment being solved below.
(i) Government initiating irrigation projects to ensure...(Solved)
Unemployment solving has been an agenda to most developing economies. Identify the type of unemployment being solved below.
(i) Government initiating irrigation projects to ensure continuous production of food
(ii) Retraining teachers to embrace use of technology in teaching and learning
(iii) Government and private sectors inventing job advertisement sites for easy access by job seekers
(iv) Parliament passing legislation that accommodate the disabled people to acquire jobs
Date posted: September 2, 2019. Answers (1)
- The following information relate to Kamau traders for the month of December 2015.
Dec. 1- sold goods for kshs. 45,000 less 10% cash discount
Dec 5 –...(Solved)
The following information relate to Kamau traders for the month of December 2015.
Dec. 1- sold goods for kshs. 45,000 less 10% cash discount
Dec 5 – Bought goods worth kshs. 4,000 in cash and was allowed a discount of 5%
Dec 7 – a debtor paid kshs. 20,000 in full settlement of a debt of kshs 23,000 by cheque
Dec 15 – Sold goods kshs. 70,000 on credit to jambo traders
Dec 26 – Paid rent kshs. 16,000 by cheque
Required:
Post the above transactions to relevant journals
Date posted: September 2, 2019. Answers (1)
- Identify the level of occupation described by each of the following information.(Solved)
Identify the level of occupation described by each of the following information.
Date posted: September 2, 2019. Answers (1)
- Give the name of the insurance policy described in the following table(Solved)
Give the name of the insurance policy described in the following table
Date posted: September 2, 2019. Answers (1)
- The following transactions relate to the books of kilimo holdings. Record them in the relevant ledger accounts.
(i) 1st January 2015, took a loan with ICDC...(Solved)
The following transactions relate to the books of kilimo holdings. Record them in the relevant ledger accounts.
(i) 1st January 2015, took a loan with ICDC of kshs. 50,000 receiving by cheque.
(ii) 5th January 2015, kelunyo, a debtor paid his account of kshs. 40,000 in cash.
(iii) 10th January 2015, took money from bank, kshs. 50,000 for office use
(iv) 12th January 2015, bought furniture kshs. 35,500 in cash
Date posted: September 2, 2019. Answers (1)
- List three withdrawals in the circular flow of income.(Solved)
List three withdrawals in the circular flow of income.
Date posted: September 2, 2019. Answers (1)
- The National Transport Safety Authority (NTSA) is a department within the transport sector in Kenya. Highlight four benefits Kenyans enjoy due to the establishment of...(Solved)
The National Transport Safety Authority (NTSA) is a department within the transport sector in Kenya. Highlight four benefits Kenyans enjoy due to the establishment of NTSA
Date posted: September 2, 2019. Answers (1)
- The following transactions relate to the books of Amina traders as at 31st December 2015.(Solved)
The following transactions relate to the books of Amina traders as at 31st December 2015.
Gross profit ......................................................................... 20,000
Commission allowed .............................................................................. 200
Carriage on sales ............................................................................ 4,000
Discount received ............................................................................ 8,000
Salaries ...................................................................................... 6,000
Rent .......................................................................................... 2,000
Discount received .............................................................................. 400
Commission received ............................................................................. 1,500
Interest on bank loan .............................................................................. 500
Prepare Amina‘s profit and loss account for the period ended 31st December, 2015.
Date posted: September 2, 2019. Answers (1)
- For each of the following transactions, indicate the effect of each transaction on the balance sheet items as either increase, decrease or no change.(Solved)
For each of the following transactions, indicate the effect of each transaction on the balance sheet items as either increase, decrease or no change.
Date posted: September 2, 2019. Answers (1)
- Highlight four ways that may be used by a monopoly to differentiate a product market(Solved)
Highlight four ways that may be used by a monopoly to differentiate a product market
Date posted: September 2, 2019. Answers (1)
- Distinguish between
a) Derived demand and joint demand
b) Shift and movement along demand curve(Solved)
Distinguish between
a) Derived demand and joint demand
b) Shift and movement along demand curve
Date posted: September 2, 2019. Answers (1)
- Outline four ways the economic environment influence business activities(Solved)
Outline four ways the economic environment influence business activities
Date posted: September 2, 2019. Answers (1)
- The following balances were extracted from the books of Kipchoge as at 31st Dec, 2014
...(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)
- For each of the following statements, give the type of unemployment described.(Solved)
For each of the following statements, give the type of unemployment described.
Date posted: September 2, 2019. Answers (1)
- Show the effect of each of the following transactions to capital, liabilities and assets indicating whether it is an increase (+) a decrease (-) or...(Solved)
Show the effect of each of the following transactions to capital, liabilities and assets indicating whether it is an increase (+) a decrease (-) or a nil (0) .
Date posted: September 2, 2019. Answers (1)
- The table below contains descriptions relating to some type of warehouse. In the space provided, write the type of warehouse to which each description refers.(Solved)
The table below contains descriptions relating to some type of warehouse. In the space provided, write the type of warehouse to which each description refers.
Date posted: September 2, 2019. Answers (1)