Business, 03.06.2021 06:10 Remba

01. Answer the questions from (i) to (x) by referring the case given below Malini is a retired teacher and started a self business in distributing herbal medicine packets. She has
done a diploma in indigenous medicine nearly 3 years ago. Malini named her business as Mali herbs
and initiated her business on 01.04.2019. She invested Rs 500000 and Rs 24000 worth of tools and
equipment. Mali herbs are operated at a portion of her residence with two employees. Since she has
the experience in making indigenous medicine with her father from the child-hood, starting herbal
related business was a dream for her. In her village she has a good demand for herbs since density of
aged population is high. Also she ensures the quality herbs are sold at reasonable price. She receives
herbs from Somapala who supplies raw herbs to the government approved herbal clinics in that area.
She makes different packages with varieties of herbs for a reasonable price. “Mali herbs” provides
home delivery as well as herbs are sold in weekly market. The herbs related information are given
below
 Purchase of herbs Rs 70000
 Purchase of cover materials Rs 10000
 Purchase of herbs on credit Rs 20000
 Sales Rs 350000
 Sales on credit Rs 55000
 Light and heat Rs 12000
 Labelling cost Rs 1500
 wage per worker Rs 5000
 Advertisements Rs 4000
 Receipts of Government grants Rs 5000
Further she got a bank loan Rs 100000 on 03.04.2019 at 12% annum. She plans to expand the
business in future.
Answer the question
i. (a) Name the type of business organization that Mali herbs belongs to
(b) Name the type of business according to the nature of product
ii. (a) Identify a supportive service used in this business
(b) Write down strength and an opportunity of Mali herbs.
iii. Explain how the skills of Malini use full for Mali herbs
iv. Differentiate whole sale and retail business with the examples used in this case
v. Identify whether Mali herbs belongs to large or small scale. Explain
vi. (a) Name an organization which belongs to public/ government
(b) Name any two external parties of Mali herbs
vii. What are the external environmental factors need to be focused much by Mali herbs?
Give reasons.
viii. Calculate the equity of Mali business as at 01.04.2019
ix. Calculate the total purchase and sales values of Mali herbs
x. Prepare cash book and identify the cash balance as at 30.04.2019

Answers: 1

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01. Answer the questions from (i) to (x) by referring the case given below Malini is a retired teac...

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