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

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?

1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19