17.

The following balances was extracted from the books of Naitiri Hardware

Enterprises on 1st June 2014. Shs.

Debtors 700,000

Creditors 100,000

Prepaid rent 85,000

Cash at bank 100,000

Cash in hand 50,500

Equity bank loan 750,000

Fixed assets 2,700,000

Stock in trade 214,000

Required:

Prepare Naitiri's Hardware Enterprises balance sheet as at 30th June 2014.

1.State four factors that determine the choice of human wants to be satisfied.

4 marks

2.Highlight four reasons why the Kenya government has decided to control the exploitation of her natural resources. 4 marks3.Outline four benefits of a self-service shop to a customer. 4 marks

4.Give four factors that one should consider when choosing a means of transport. 4 marks

5.Outline four circumstances under which a bill of exchange may be preferred as means of payment. 4 marks

6.As economy strives to do well, most Kenyans are bound to live beyond 70 years.Outline four negative effects of an ageing population to Kenya's economy. 4 marks

7.Highlight four salient features of a public warehouse. 4 marks

8.Give the terms used in insurance that best fits each of the following descriptions.1.State four factors that determine the choice of human wants to be satisfied. 4 marks

2.Highlight four reasons why the Kenya government has decided to control the exploitation of her natural resources. 4 marks

3.Outline four benefits of a self-service shop to a customer. 4 marks

4.Give four factors that one should consider when choosing a means of transport. 4 marks

5.Outline four circumstances under which a bill of exchange may be preferred as means of payment. 4 marks

6.As Kenya's economy strives to do well, most Kenyans are bound to live beyond 70 years.Outline four negative effects of an ageing population to Kenya's economy. 4 marks

7.Highlight four salient features of a public warehouse. 4 marks

8.Give the terms used in insurance that best fits each of the following descriptions.

8. Give the terms used in insurance that best fits each of the following descriptions. Description Term a) Insures against breakage caused to display glass windows. - - . . . b) Periodic payment by the insured c) Acquiring the right the insured had in the destroyed property. - - - d) Life assurance lasting for a specified period.15. State the factor of production that each of the following resources relate to. a) Rainfall