1. You plan to start a mushroom growing business in your home area
a) State any four objectives of your business
b) Prepare a financial plan for the business
c) Prepare an action plan for the business
d) Write guidelines for ensuring quality of the mushrooms.
2. You are planning to set up a partnership business in bee-keeping.
a) Draft a partnership agreement for the business
b) Design a poster to advertise the business
c) i) List the products of your business
ii)Prepare a Purchase Order for the items needed by the business.
d) Design a Cash Sale Receipt for your business.
3. Walwema carried out the following transactions in the month of March 2019:
March
1st Bought goods from Otim; 9 cartons of Kimbo at Shs 8,750 each and 8 cartons of Cowboy of Shs 9,859 each.
5th Bought goods from Okello; 7 cartons of Nomi soap at Shs 8,700 each; 3 cartons of Omo at Shs 7,500 each.
10th Bought goods from Mugisha; 30 boxes of biscuits at Shs 2,500 each and 20 packets of sweets at Shs 1,500 each.
20th Bought goods from Kamba; 5 bags of sugar at Shs 3,5000 each and 5 bags of salt at Shs 10,000 each.
25th Returned to Otim; 2 cartons of Cowboy at Shs 9,850 each as damaged and 2 cartons of Kimbo at Shs 8,750 each.
30th Returned to Kamba; 3 bagsof sugar at Shs 35,000 each as damaged and 1 bag of salt at Shs 10,000.
Required:
a) Prepare;
i) Purchase Bay Book
ii) Return OutwardsDay Book
b) Post the journals to the respective ledger accounts.
4. You are operating a small-scale hardware business in town, employing 9 people.
a) Prepare a price-list for your products
b) i) Mention the different types of employees in your business.
ii) Draw a Communication Flow Chart that is used to ensure effective communication in your business.
c) Write a notice to inform your employees about a staff meeting.
d) Prepare guidelines for customer care in your business
5. Study the balance sheet below and answer the questions that follow.
MAWOYA
BALANCESHEET
AS AT 31.12.2018
|
Liabilities |
Shs |
Assets |
Shs |
||
|
Capital Bad debts Motor Van Sales Cash in hand Carriage inwards Cash at bank Net Profit Stock (31/12/18)
|
15,000,000 1,937,500 8,800,000 13,875,000 600,000 1,937,500 3,000,000 6,600,000 2,250,000
|
Gross Profit Plant & Machinery Purchases Creditors Debtors Bank loan Discount received Cost of sales |
1,510,000 11,000,000 16,000,000 4,660,000 5,370,000 4,760,000 2,500,000 8,200,000
|
Required:
a) Re-draft above Balance Sheet
b) Determine each of the following:
i) working capital
ii) debtors collection days (to the nearest day),
iii) Return on capital employed.
c) Interpret the ratios in 4(b) (ii) above.