QUESTIONS PAPER 2 1. Record the following transaction in the affected accounts and balance them off on 10th January 2015 Sunt 2015 January 1: Start business with furniture worth Sh.130,000 2: Bought goods for Sh.50, 000 on credit from Nyamwea. 4: Sold stock of goods for Sh.40, 000 cash 5: Opened a bank account and deposited Sh.20, 000 from cash till 6: Obtained a loan from K. I.E Sh.30, 000 by cheque. 7: Paid Nyamwea Sh.30.000 by cheque. 9: Withdraw cash Sh.60, 000 from bank for office use Capital A/C Cr Sh. 2015 -y 10 Balance c/d Sh 130,000 January 1 furniture 130.000

Uppose stanley's office supply purchases 50,000 boxes of pens every year. ordering costs are $100 per order and carrying costs are $0.40 per box. moreover, management has determined that the eoq is 5,000 boxes. the vendor now offers a quantity discount of $0.20 per box if the company buys pens in order sizes of 10,000 boxes. determine the before-tax benefit or loss of accepting the quantity discount. (assume the carrying cost remains at $0.40 per box whether or not the discount is taken.)

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u. s. b