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Abt 300: Applied Agri Busines Question Paper
Abt 300: Applied Agri Busines
Course: Bachelor Of Agriculture In Agricultural Extension And Rural Development
Institution: Pwani University question papers
Exam Year:2010
1
A Constituent College of Kenyatta University
UNIVERSITY EXAMINATIONS 2009/2010 ACADEMIC YEAR
3
RD
YEAR 2
ND
SEMESTER EXAMINATION FOR THE DEGREE OF
STREAM: BACHELOR OF SCIENCE IN AGRICULTURE
ENTERPRISE DEVELOPMENT
ABT 300: APPLIED AGRI
BUSINESS
END SEMESTER II
TIME: 3
HOURS
INSTRUCTIONS
-
Answer
COMPULSORY
question
ONE
and any
TWO
Q.1)
Andrew Fondo has 100 Ha arable land but has so far been able to utilize
10 Ha
to farm maize
, beans and Green Grammes, Its output which he trades as his
main stay in business is
supplemented by supplies from other neighbouring
subsistence farmers.
Motivated by proceeds from the 10 Ha, Produce, he thinks
the 100 Ha if
entirely dedicated t
o
profitable crop production
–
maize, beans, Green
grammes and vegetables will convert him to a millionaire, within one
season.
He has
now
decided to venture into massive crop production by utilizing the
entire
100 Ha using funds
available from Ag
riculture Finance corporation (AFC).
To access these funds, however, he has been asked to present certified
accounts of his existing operation.
He has not kept a full set of accounting
records but he is able to present the following summary of his ban
k account for
the year ended 31 July 2010
2
Bank Account
2009
€
2010
€
April 1
Balance b/d
13000
March 31
Payments to
78,350
T
akings
115846
trade creditors
Miscellaneous 7,320
Expenses
Rent
3,400
Rates
910
Equipment
13,000
Balance C/d
25,866
12
8
,
846
128,846
2010
April
Balance b/d
25,866
Before banking his takings A
ndrew
withdrew
€ 5,000
cash as drawings and paid
miscellaneous expenses of
€ 2654. During
March 2010, Andrew
’s shop was broken into and
several days
takings were stolen from the Till. Andrew
is uncertain as to how much was stolen
and the theft
is not covered by Insurance. The
range of products sold by Andrew
earn a uniform
–
gross profit of 30% of sales.
The following information is also available
1
st
April 2009
31
st
March 2010
€
€
Stock
18,00
0
7,000
Trade Creditors
9,000
10,650
Trade debtors
12,000
13,500
Pre
paid
850
1,200
Rates owing
230
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