Highlight four benefits to Kenya as a result of being a member of IMF.

State four reasons why a manufacturer decides to use a long chain of distribution.

Draw a diagram to illustrate how the demand curve of a product shifts to the right.

Outline four measures to be taken by a business to improve internal business environment.

Highlight four money transfer services offered by commercial banks.

State four causes of unemployment in Kenya.

State four features of a monopoly.

Mention four circumstances under which the market may be the main factor determining the location of a business enterprise.

State four ways in which the government provides an enabling business environment.

Highlight four uses of national income statistics.

Outline four measures that the sender of a message should take in order to enhance effective communication.

State four ways in which utility is created in products.

Highlight four differences between direct tax and indirect tax.

Highlight four limitations of an electronic filing system.

Outline four features of a public limited company.

State the account to be debited and the account to be credited for each of the following transactions.

Outline four features of hypermarkets.

State four ways in which the nature of goods would influence the choice of a transport means.

State four benefits of the ‘pooling of risks’ to an insurance company.

Highlight four factors that may contribute to low level of national income of a country.

State four reasons why a country should promote entrepreneurship.

State four reasons why developing countries need to plan their economies .

On 1^st March 2001, Mingi Traders had Kshs 13,200 in cash and bank balances of Kshs 56,000.

The following transactions took place during the month:

2^nd March: Cash sales Kshs 12,000

12^th March: Paid a creditor Kshs 8,200 cash

27^th March: Received a cheque for Kshs 4,500 from debtors

31^st March : Paid rent Kshs 7,500 in cash

Record the above information in a two column cash book provided below and balance it off.

The following balances were obtained from the books of Raha Traders.

Opening stock	50,000
Sales	360,000
Closing stock	70,000
Gross profit	25% of sales

Calculate:

1. Cost of goods sold. (2 marks)

2. Rate of stock turnover. (2 marks)

Indicate the type of journal in which each of the following transactions would be recorded.