i) Transport
They transport goods from the producers to their warehouses.
ii) Storage
They buy and store goods in their warehouses before they sell to retailers and hence relieve the producer from storage.
iii) Risk bearing
By buying goods in large quantities, they reduce risks that producers are likely to suffer such as fall in demand/damage/expiry of goods.
iv) Giving advice/information
They offer useful advice/information to producers which enable them to produce goods that meet consumer expectations.
v) Product outlet
They enable producers to continue producing by serving as an outlet for goods/linking to retailers.
vi) Product promotion
They promote products through advertising/displays/trade fairs etc on their behalf
vii) Financing trade
They provide finance to producers by paying for goods in advance/in cash at the point of purchase.
viii) Prepare goods for sale/They break bulk pack/brand/blend on behalf of producers.
ix) Market research/on behalf of producers
Kavungya answered the question on October 4, 2019 at 07:27
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Peterson started a handware business on 1st Janaury 2010. The following is a summary of his transaction during the month
Invoices issued
2010 Jan 2: Mwiti Traders kshs...
(Solved)
Peterson started a handware business on 1st Janaury 2010. The following is a summary of his transaction during the month
Invoices issued
2010 Jan 2: Mwiti Traders kshs 50,000
Jan 5: Mutahi Traders ksh 150,000
Invoices received
2010 Jan 3: Solomon Traders kshs 80,000
4: Kanake Enterprises kshs 160,000
Required:
Record the above details in the appropriate subsidiary books.
Date posted:
October 4, 2019
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Answers (1)
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Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid...
(Solved)
Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid rent kshs 4,000 in cash
4: Bought goods worth ksh 8,000 and paid by cheque
5: Deposited ksh. 5,000 from the business into the bank
Date posted:
October 4, 2019
.
Answers (1)
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Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
...
(Solved)
Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
2: Bought stock in cash sh 120,000
3: Cash sales sh 5,000
7: Bought stock worth sh 10,000 on credit.
12: Withdrew cash from bank for office use sh.8,000.
15: Paid rent by cheque shs 6000.
20: Received shs 4000 by cheque from a debtor.
Date posted:
October 4, 2019
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Answers (1)
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The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed
(Solved)
The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
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Date posted:
October 4, 2019
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Answers (1)
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Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person...
(Solved)
Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person who uses a good or service.
d.Increasing the usefulness of a good or services
Date posted:
October 4, 2019
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Answers (1)
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(Solved)
Discuss the factors that have contributed to declining population growth rate in some developing Countries.
Date posted:
October 4, 2019
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Answers (1)
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October 4, 2019
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(Solved)
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Date posted:
October 3, 2019
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Date posted:
October 3, 2019
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Answers (1)
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(Solved)
The following balances were obtained from the books of sunset traders as at 30th June, 2004
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(b) Return on capital
Date posted:
October 3, 2019
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Answers (1)
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State the effect of the following transactions on the balance sheet items
(Solved)
State the effect of the following transactions on the balance sheet items
Date posted:
October 3, 2019
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Answers (1)
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(Solved)
State the expenses that are incurred in the process of distributing goods
Date posted:
October 3, 2019
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Answers (1)
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State reasons as to why firms work hard to grow
Date posted:
October 3, 2019
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Outline the measures that should be taken to ensure smooth functioning of the warehouse
Date posted:
October 3, 2019
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Date posted:
October 3, 2019
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List the benefits that a subsistence producer may get by participating in the exchange of goods
Date posted:
October 3, 2019
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Answers (1)
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State the importance of considering each of the following factors when making choices to satisfy human wants.
(Solved)
State the importance of considering each of the following factors when making choices to satisfy human wants.
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Date posted:
October 3, 2019
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Answers (1)
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Date posted:
October 3, 2019
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Date posted:
October 1, 2019
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(Solved)
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Date posted:
October 1, 2019
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Answers (1)