1.With a view to increase the volume of sales, Karoi Enterprises has in mind a proposal to reduce the price of its product by 20%. No change in total fixed costs or variable costs or variable costs per unit is estimated. The directors desire the present level of profit to be maintained

The following information has been provided,

Sales-50000 units'500000

Variable costs5 per unit

Fixed costs50 000

Advice the management using calculations

2.Define dual aspect term in accounting

3.What do we mean by purchase return in accounting?

4.Define the term material facts in accounting

5.What are the MIS reports?

6.Define a company's payable cycle

7.) Define retail banking

8.How much mathematics knowledge is necessary or required in accounting?

9.Define bills receivable

10.Using the knowledge of non-profit organization justify how they make profit. Use your own example in generating the income statement and their statement of financial position as per the year end