-Facilitates buying of shares
-Facilitates selling of shares
-Safeguarding investors interests – This is achieved by requiring the company that wants to be quoted to attain standards of performance
-Provides useful information - provides timely, accurate and reliable information to investors which enable them to make decisions on investment choices
-Assists company to raise capital
-Creation of employment – brokers and their agents
-Raising revenue for the government e.g. taxes, licence fees, rent and rates
-Availing variety of securities
-Fixing of prices
-Measures a county’s economic progress
-Promote the culture of saving
Kavungya answered the question on September 26, 2019 at 05:29
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The following trial balance belongs to Kipevu trades as at 30th June, 2004.
REQUIRED
(i)Prepare a trading profit and loss account
(ii)Prepare a balance sheet as at 30th...
(Solved)
The following trial balance belongs to Kipevu trades as at 30th June, 2004.
REQUIRED
(i)Prepare a trading profit and loss account
(ii)Prepare a balance sheet as at 30th June 2004
Date posted:
September 26, 2019
.
Answers (1)
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Karemi owns a bakery in Kitale town. Explain five ways why he carried out division of labour
in the process of baking bread in his factory.
(Solved)
Karemi owns a bakery in Kitale town. Explain five ways why he carried out division of labour
in the process of baking bread in his factory.
Date posted:
September 26, 2019
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Answers (1)
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Tango limited wishes to promotes its products through advertising. Mention any four ethical issues it must consider before engaging in advertising.
(Solved)
Tango limited wishes to promotes its products through advertising. Mention any four ethical issues it must consider before engaging in advertising.
Date posted:
September 25, 2019
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Answers (1)
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Highlight four reasons why a development plan is important to a country.
(Solved)
Highlight four reasons why a development plan is important to a country.
Date posted:
September 25, 2019
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Answers (1)
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Identify four differences between a supermarket and hypermarket.
(Solved)
Identify four differences between a supermarket and hypermarket.
Date posted:
September 25, 2019
.
Answers (1)
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For each of the following cases, identify the motives for holding money
a) To meet daily transport expenses
b) To meet any unforeseen circumstances
c) To take advantage...
(Solved)
For each of the following cases, identify the motives for holding money
a) To meet daily transport expenses
b) To meet any unforeseen circumstances
c) To take advantage of fall in share prices
d) To pay for any food requirements
Date posted:
September 25, 2019
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Answers (1)
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Outline four circumstances under which a trader would use porters to transport goods.
(Solved)
Outline four circumstances under which a trader would use porters to transport goods.
Date posted:
September 25, 2019
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Answers (1)
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Outline four circumstances under which a country may engage in trade restriction.
(Solved)
Outline four circumstances under which a country may engage in trade restriction.
Date posted:
September 25, 2019
.
Answers (1)
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Kenya has been hard hit by H.e.p shortages in the recent past. State four alternative energy sources which should be promoted to meet the following...
(Solved)
Kenya has been hard hit by H.e.p shortages in the recent past. State four alternative energy sources which should be promoted to meet the following demand.
Date posted:
September 25, 2019
.
Answers (1)
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On 1.1.09 the cash book of Kimende traders Cash and Bank balances of sh.3,500 and sh.20,000 respectively. The following transactions took place in the month.Jan...
(Solved)
On 1.1.09 the cash book of Kimende traders Cash and Bank balances of sh.3,500 and sh.20,000 respectively. The following transactions took place in the month.
-Jan 6,Cash sales sh.12,500
-15,Receives a cheque of sh.45,000 from a debtor after deducting a 10% discount.
-31,Paid a creditor sh.28,500 after deducting 5%discount
-31,Banked all cash leaving a balance of sh.100 in the cash till
-Prepare a three column cash book.
Date posted:
September 25, 2019
.
Answers (1)
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Outline four measures which the government can take to encourage location of firms in an area.
(Solved)
Outline four measures which the government can take to encourage location of firms in an area.
Date posted:
September 25, 2019
.
Answers (1)
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Ukweli enterprises has a working capital of sh.200,000 and a current ratio of 3:1.Calculate
(i)Current assets
(ii)Current liabilities
(Solved)
Ukweli enterprises has a working capital of sh.200,000 and a current ratio of 3:1.Calculate
(i)Current assets
(ii)Current liabilities
Date posted:
September 25, 2019
.
Answers (1)
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Mention five reasons why M-Pesa is becoming a very popular means of payment in Kenya.
(Solved)
Mention five reasons why M-Pesa is becoming a very popular means of payment in Kenya.
Date posted:
September 25, 2019
.
Answers (1)
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Identify four circumstances under which communication may be ineffective .
(Solved)
Identify four circumstances under which communication may be in effective .
Date posted:
September 25, 2019
.
Answers (1)
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Highlight four reasons why a country would like to know the structure of it’s population.
(Solved)
Highlight four reasons why a country would like to know the structure of it’s population.
Date posted:
September 25, 2019
.
Answers (1)
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Yator and Korir have been trading partners. Yator decided to breakaway from the partnership and commence his own business. State four benefits that he...
(Solved)
Yator and Korir have been trading partners. Yator decided to breakaway from the partnership and commence his own business. State four benefits that he will derive from the undertaking.
Date posted:
September 25, 2019
.
Answers (1)
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State the characteristics of human wants that suit the following statements.
a) wants are so many compared to resources
b) Once satisfied some wants are left again...
(Solved)
State the characteristics of human wants that suit the following statements.
a) wants are so many compared to resources
b) Once satisfied some wants are left again and again
c) satisfaction of a given want gives rise to another
e) Everybody needs them in one form or another
Date posted:
September 25, 2019
.
Answers (1)
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Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases...
(Solved)
Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases Shs. 800,000
Sales Shs 950,000
Net profit 5 % of sales
Closing stock Shs 200,000
Calculate;
(i) The gross profit
(ii) The opening stock
(iii)The mark-up percentage
(iv) The net profit.
Date posted:
September 25, 2019
.
Answers (1)
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With the aid of a diagram, explain the effects of an increase in supply to equilibrium price and quantity of commodity.
(Solved)
With the aid of a diagram, explain the effects of an increase in supply to equilibrium price and quantity of commodity.
Date posted:
September 25, 2019
.
Answers (1)
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Bitare S.D.A is a new Secondary School. The Principal wishes to introduce filing of documents in the school. Explain five factors that she will consider...
(Solved)
Bitare S.D.A is a new Secondary School. The Principal wishes to introduce filing of documents in the school. Explain five factors that she will consider before choosing a filing system.
Date posted:
September 25, 2019
.
Answers (1)