State two characteristics of Macadam roads. (2 marks)
Identify two political benefits of Trans-Saharan-trade to the people of Western Sudan. (2 marks)
State two ways in which poor transport system has contributed to food shortages in Africa. (2 marks)
State two factors that promoted large-scale farming in Britain during the Agrarian Revolution. (2 marks)
Identify one form of writing during the early civilizations resulting from early agriculture. (1 mark)
State two distinct characteristics of Homo Erectus. (2 marks)
Give the name of the tools made by early man during the New Stone Age period (1 mark)
(a) Explain five activities that may be carried out in the process of distributing goods. (10 marks)
(b) Outline five internal diseconomies of scale that a firm that grows in size is likely to encounter. (10 marks)
(a) The graph below represents population and output levels of three countries, A B and C
i) State the type of population found in each country
Country B......................................................................... (1 mark)
Country C......................................................................... (1 mark)
ii) Explain four challenges that country C may be facing (8 marks)
(b) Explain five circumstances under which an insurance contract may be terminated. (10 marks)
(a) Nyalego is an importer of assorted goods from different countries. Explain five advantages he may enjoy while his goods are stored in a bonded warehouse. (10 marks)
(b) The following information relates to Msafi traders.
MSAFI TRADERS
TRIAL BALANCE
AS AT 31/12/2021
Details |
Dr. (Shs.) |
Cr. (Shs.) |
Capital |
|
200,000 |
Motor vehicle |
10,000 |
|
Machinery |
16,000 |
|
Stock (1/1/2021) |
12,000 |
|
Debtors |
83,500 |
|
Cash |
68,000 |
|
Bank |
112,800 |
|
Creditors |
|
45,000 |
Sales |
|
280,000 |
Purchases |
120,000 |
|
Carriage inwards |
2,000 |
|
Returns |
1,200 |
1,000 |
Carriage on sales |
4,000 |
|
Discount |
3,000 |
4,000 |
Salaries |
2,000 |
|
Rent |
|
21,500 |
Insurance |
10,000 |
|
Electricity |
17,000 |
|
|
551,500 |
551,500 |
Closing stock Shs.8,000.
Required: Prepare Trading and Profit and Loss Account. (10 marks)