(a) Explain any five means of payment that are available to traders in Kenya. (10mks)
(b) Suggest five measures that a country may take to ensure proper
development planning. (10mks)

(a) Discuss five measures that a business may take to safeguard and control
its property. (10mks)
(b) The diagram below represents the population and output per capita of a
certain country.
Explain any five challenges to the country if her total population is
found at the part marked A. (10mks)

(a) Explain five benefits to a business that adopts an enclosed office layout. (10mks)
(b) Highlight any five negative effects of free trade to a country. (10mks)

(a) Outline five benefits of advertising to a consumer. (10mks)
(b) The following information was obtained from the books of ocampo
traders for the year ended 31^st Dec. 2012.

(a) Calculate the cost of goods sold. (2mks)
(b) Gross profit. (2mks)
(c) Margin %. (2mks)
(d) Rate of stock turn over. (2mks)
(e) Rate of return on capital. (2mks)

(a) Hassan is a trader at Kerugoya town. Explain five benefits he would
enjoy when he opens a current account with a commercial bank. (10mks)
(b) Despite their poor performance, the government is still interested in
operating public corporations in the country. Explain five reasons
why this is so. (10mks)

(a) Describe five channels that a manufacturer could use to distribute
exported goods. (10mks)
(b) The following information relates to odyssey enterprises for the month of June 2011.
1^st June credit purchases from Kalembe received invoice no. 10 Shs.38000.

3^rd June purchased goods on credit from Wetangula, Shs.60000 and received invoice no. 11.
5^th June returned goods to Kalembe received credit note no. 24 Shs.5600.
20^th June purchase returns to Wetangula, credit note no.42, Shs.10000.
30^th June credit purchases from Wetangula, invoice no.18, Shs.5000
(i) Enter the information in the relevant journal(s). (5mks)
(ii) Post the information to the relevant ledger accounts in the ledgers. (5mks)