- Incomes of the people could have increased.
- The tastes, fashions and preferences for the commodity could have changed favorably.
- Total population in the country could have increased.
- The prices of substitutes could have increased.
- Government policy (increase in subsidies, reduction of taxes.
- Seasonal changes.
- Future expectations of increase in prices.
- Future expectations of decrease in quantities supplied.
- Decrease in price of complementary goods.
sharon kalunda answered the question on September 2, 2019 at 13:38
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The following trial balance was extracted from the ledgers of Baraka Traders for the year ended 31st December 2015.
(Solved)
The following trial balance was extracted from the ledgers of Baraka Traders for the year ended 31st December 2015.
On 31st December 2015, the business had closing stock valued at Shs. 60,000.
Required:
(i) The Trading, Profit and Loss Account for the year ended 31st December 2015.
(ii) A Balance Sheet as at that date.
Date posted:
September 2, 2019
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Answers (1)
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Record the following transactions in Akili Traders‘ Three-Column Cashbook and balance it off on 31st January 2015.Jan 1 Balance b/d Cash Kshs. 200,000 Dr.Bank –...
(Solved)
Record the following transactions in Akili Traders‘ Three-Column Cashbook and balance it off on 31st January 2015.
Jan 1 Balance b/d Cash Kshs. 200,000 Dr.
Bank – Kshs. 15,000Cr
Jan 2 Cash sales Kshs. 145,000
Jan 6 Paid for motor expenses Kshs. 2,000
Jan 7 Paid salaries in cash Kshs. 50,000
Jan 9 Bought stationeries in cash Kshs. 1,000
Jan 14 Settled Kalyet‘s account of Kshs. 60,000 by cheque less 3% cash discount.
Jan 18 Received a cheque of 84,600 from Koech after deducting 10% cash discount.
Jan 21 Cash sales paid direct into the bank 340,000
Jan 23 Kaigat settled his account of 2,600 by cheque after deducting 5% cash discount.
Jan 24 Received cheque from the following debtors after deducting 10% discount in each case;
Chuma Kshs, 3,000, Buko 28,000 and Matapei 9,000
Jan 25 Paid consultancy salaries in cash Shs. 2,000
Jan 29 Credit purchase of Shs. 10,000
Jan 31 Banked all except 4,200
Date posted:
September 2, 2019
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Answers (1)
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Outline four challenges that a distributor of fresh milk is likely to face in his / her operations.
(Solved)
Outline four challenges that a distributor of fresh milk is likely to face in his / her operations.
Date posted:
September 2, 2019
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Highlight four ways in which HIV/AIDS prevalence has negatively affected business activities.
Date posted:
September 2, 2019
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Outline four role of the mass media in promoting consumer protection
Date posted:
September 2, 2019
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Highlight four problems associated with monopoly market structure.
Date posted:
September 2, 2019
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Answers (1)
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(Solved)
State four reasons why diagonal communication needs to be encouraged in an organization.
Date posted:
September 2, 2019
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Answers (1)
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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
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Answers (1)
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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)
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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
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Answers (1)
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Explain five factors that may influence the choice of distribution channel for milk.
(Solved)
Explain five factors that may influence the choice of distribution channel for milk.
Date posted:
September 2, 2019
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Answers (1)
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Explain five benefits that may accrue to Kenya as a result of joining the East Africa community.
(Solved)
Explain five benefits that may accrue to Kenya as a result of joining the East Africa community.
Date posted:
August 20, 2019
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Answers (1)
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John insured his building worth shs.2,000,000 against fire for shs1,500,000. The building was gutted down by accidental fire and the remains were valued at shs...
(Solved)
John insured his building worth shs.2,000,000 against fire for shs1,500,000. The building was gutted down by accidental fire and the remains were valued at shs 600,000. Calculate the amount of compensation.
Date posted:
August 19, 2019
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Answers (1)
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State four factors that may limit the exploitation of natural resources in a country.
(Solved)
State four factors that may limit the exploitation of natural resources in a country.
Date posted:
August 19, 2019
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Lopoi Enterprises acquired a building valued at sh. 1,000,000 on 1st Jan 2017. The building was insured with two insurance companies’ pana and Amaco for...
(Solved)
Lopoi Enterprises acquired a building valued at sh. 1,000,000 on 1st Jan 2017. The building was insured with two insurance companies’ pana and Amaco for shs. 600,000 and 400,000 respectively. In May 2017, fire damaged the building causing Elephant enterprises to suffer a loss of 20% of the building value.
Determine contribution made by Amaco and pana.
Date posted:
August 19, 2019
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Answers (1)
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State the level of production for each of the following activities
(Solved)
State the level of production for each of the following activities
Date posted:
August 19, 2019
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Answers (1)
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Highlight any four differences between Home trade and International trade.
(Solved)
Highlight any four differences between Home trade and International trade.
Date posted:
August 19, 2019
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Answers (1)
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Give four reasons why railway transport is not competitive in Kenya
(Solved)
Give four reasons why railway transport is not competitive in Kenya.
Date posted:
August 1, 2019
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Answers (1)
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Identify the various Business disciplines from which business studies as a subject borrows concept from
(Solved)
Identify the various Business disciplines from which business studies as a subject borrows concept from
Date posted:
July 10, 2019
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For each of the transactions given below indicate the accounts to be debited and the account to be credited.
(Solved)
For each of the transactions given below indicate the accounts to be debited and the account to be credited.
Date posted:
June 4, 2019
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Answers (1)