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- increases costs in a business
- most businesses lack skills to solve social problems
- the business may deviate from its core business/purpose
- the business may misuse its power in the society
- makes businesses spend resources and thus reduce profits
gideon1 answered the question on October 1, 2017 at 14:34
- The following information relates to commodity ‘X’.
Year Price (shs)
2010 450
2014 675
(i) Calculate the consumer price index
(ii) Comment on your answer.(Solved)
The following information relates to commodity ‘X’.
Year Price (shs)
2010 450
2014 675
(i) Calculate the consumer price index
(ii) Comment on your answer.
Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Nyotandogo Traders had an initial capital of Ksh.160,000. At the end of the year the following date was provided.
(i)During the year,proprietor surrendered his private car valued at sh.400000 to the business
(ii)During the year ,the proprietor had taken goods worth sh 13500 per month for his own use
(iii)The business made a profit of sh 102,000
Calculate the owner’s equity at the end of the year.
Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
- On 22nd April 2014 ,Moses received an invoice for sh 400,000.Terms of payment were trade discount 2% and cash discount 5%,3% and 1% .If payment...(Solved)
On 22nd April 2014 ,Moses received an invoice for sh 400,000.Terms of payment were trade discount 2% and cash discount 5%,3% and 1% .If payment was to be met within 1,2 or 3 months respectively .Calculate the amount paid if the payment was made on 16th July 201
Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)
- Identify the type of error described below.Description Type (i) Credit purchase of sh.78,000 was recorded as sh.87,000 in both purchases and creditors accounts. (ii) Sale of goods...(Solved)
Identify the type of error described below.
Description Type
i) Credit purchase of sh.78,000 was recorded as sh.
87,000 in both purchases and creditors accounts.
ii) Sale of goods on credit to Ntari sh. 18,000 was
debited in Ntati’s account
iii) Payment of salary sh.13,500 was debtited in the cash
account and credited in the salary expense account.
iv) Repair of motor vehicle sh. 5000 was recorded in the
motor vehicle account.
Date posted: October 1, 2017. Answers (1)
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Description Type
i) Arises when people are physically
challenged
ii) Arises out of mismatch between
the skills possessed by potential
employees and the job
opportunities available
iii) Caused by alternating trade
patterns occurring at similar times
over the years
iv) Arises when there is change in
methods of production
Date posted: October 1, 2017. Answers (1)
- Identify the insurance terms described below.Description Term (i) To transfer ownership of life policy to another person (ii) Insuring same subject for the same risk with more than one insurance...(Solved)
Identify the insurance terms described below.
Description Term
i) To transfer ownership of life
policy to another person
ii) Insuring same subject for the
same risk with more than one
insurance company
iii) Regular payments for insurance
cover
iv) Refund received on cancellation
of life policy before maturity
Date posted: October 1, 2017. Answers (1)
- The government has risen the retirement age of civil servants from 55 years to 60 years. Highlight
four economic effects of such a move.(Solved)
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four economic effects of such a move.
Date posted: October 1, 2017. Answers (1)
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Date posted: October 1, 2017. Answers (1)