(i) Government policy
The government may have come up with policies that have discouraged the consumption of project x by levying heavy taxation on the product, lack of subsidies and laws and regulation that have discouraged consumption which have led to this trend.
(ii) Uneven distribution of income
Demand for goods and service is usually higher when incomes are distributed among many people as opposed to where incomes are in the hands of few people. A change in this trend explains that there is uneven distribution of incomes which has led to a decrease in the quantity demanded.
(iii) Decrease in population
There is a decrease in population which has led to a decrease in demand for goods x while the composition of the population in terms of its sex. Age, economic stats and education structure will also affect the demand for the product.
(iv) Terms of sale
The demand for goods and services can increase if and when favorable terms of sale are offered to consumers. The terms of sale my include offering goods on credit, giving discounts etc. So for this case may be these was a decrease in the availability of credit or introduction of tougher credit terms which has led to a reduction in demands for the goods and services.
(v) Negative change in tastes fashion and preferences of consumers
Individual‘s tastes have a great influence on the demand for a commodity. If the consumer develops a negative taste for a particular product, then this will clearly be reflected with a decrease in the quantity demanded. So in this case, the consumers might have a negative taste and a preference of product x.
sharon kalunda answered the question on September 2, 2019 at 11:24
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Year .............Price
2010............. 300
2011 .............375(Solved)
Compute the consumer price index (CPI) from the following data giving explanation of your outcome
Year .............Price
2010............. 300
2011 .............375
Date posted: September 2, 2019. Answers (1)
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In the table below fill in the missing figures S,T,U and V.
Date posted: September 2, 2019. Answers (1)
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(i) Annuity
(ii) Proposer
(iii) Speculative risk
(iv) Grace period(Solved)
Define the following terms as used in business studies
(i) Annuity
(ii) Proposer
(iii) Speculative risk
(iv) Grace period
Date posted: September 2, 2019. Answers (1)
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State the name of the source document used to record the following transactions
Date posted: September 2, 2019. Answers (1)
- Enter the following transactions in the relevant ledger accounts
2015 April 1 Janet Cosmetics started a business with Ksh. 150,000 cash.
,, 3 Bought stock of...(Solved)
Enter the following transactions in the relevant ledger accounts
2015 April 1 Janet Cosmetics started a business with Ksh. 150,000 cash.
,, 3 Bought stock of goods for Sh. 40,000 and paid in cash
,, 6 Opened a bank account and deposited Sh. 60,000 from the cash till
,, 9 Purchased an office machine for Sh. 25,000 and paid by cheque
Date posted: September 2, 2019. Answers (1)
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a) Gross Domestic Product
b) Gross National Product
c) Per capita Income(Solved)
Explain the meaning the following terms as used in National Income.
a) Gross Domestic Product
b) Gross National Product
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Date posted: September 2, 2019. Answers (1)
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The information below was extracted from the books of Lemayian Traders for the year ended 31. 12. 2015
Opening stock......................... 45,000
Closing stock .........................15,000
Turnover............................... 340,000
Margin.................................. 25%
Required:
(i) Gross profit
(ii) Purchases
Date posted: September 2, 2019. Answers (1)
- Distinguish between the following categories of government expenditures.
a) Recurrent expenditure
b) Capital expenditure(Solved)
Distinguish between the following categories of government expenditures.
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Date posted: September 2, 2019. Answers (1)
- The following balance sheet belongs to Nyakwar Atiyo during the period ended 30th June 2000.
The following transactions took place on July 1 2000.
(i) Paid creditors...(Solved)
The following balance sheet belongs to Nyakwar Atiyo during the period ended 30th June 2000.
The following transactions took place on July 1 2000.
(i) Paid creditors Sh 2000 by cheque.
(ii) Nyakwar Atiyo took stock worth Shs 7500 from the business for his son‘s birthday.
(iii) Motor vehicle previously owned by Nyakwar Atiyo values at sh 200,000 was converted into business vehicles.
Required: Prepare the balance sheet of Nyakwar Atiyo traders as at 2nd July 2000.
Date posted: September 2, 2019. Answers (1)
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Outline four services offered in agency banking as a trend in the banking sector.
Date posted: September 2, 2019. Answers (1)
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Outline four role of the mass media in promoting consumer protection
Date posted: September 2, 2019. Answers (1)
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Highlight four problems associated with monopoly market structure.
Date posted: September 2, 2019. Answers (1)
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State four reasons why diagonal communication needs to be encouraged in an organization.
Date posted: September 2, 2019. Answers (1)
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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)
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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
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Required:
Post the above transactions to relevant journals
Date posted: September 2, 2019. Answers (1)
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Identify the level of occupation described by each of the following information.
Date posted: September 2, 2019. Answers (1)
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Date posted: September 2, 2019. Answers (1)