{"id":124,"date":"2023-04-01T12:50:09","date_gmt":"2023-04-01T12:50:09","guid":{"rendered":"http:\/\/localhost\/solvefor2\/?p=124"},"modified":"2023-04-01T12:10:26","modified_gmt":"2023-04-01T12:10:26","slug":"entrepreneurship-education-paper-2-resourceful-mock-examinations-2020-st-marys-kitende","status":"publish","type":"post","link":"https:\/\/edu.co.tz\/notes\/entrepreneurship-education-paper-2-resourceful-mock-examinations-2020-st-marys-kitende\/","title":{"rendered":"ENTREPRENEURSHIP EDUCATION PAPER 2 RESOURCEFUL MOCK EXAMINATIONS 2020 ST. MARYS\u2019 KITENDE"},"content":{"rendered":"<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>P230\/2<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>ENTREPRENEURSHIP<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>EDUCATION<br \/>\n<\/strong><\/span><\/p>\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>Paper 2<br \/>Nov, 2020<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style; font-size:13pt\"><strong>ST. MARYS&#8217; KITENDE<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong><em>Uganda Advanced Certificate of Education<br \/>\n<\/em><\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>RESOURCEFUL MOCK EXAMINATIONS 2020<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>ENTREPRENEURSHIP EDUCATION<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>PAPER 2<br \/>\n<\/strong><\/span><\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>3hours<br \/>\n<\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Bookman Old Style; font-size:13pt; text-decoration:underline\"><strong>Instructions to candidates<br \/>\n<\/strong><\/span><\/p>\n<ul>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\"><em>Attempt any four questions from this paper<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\"><em>Credit will be given to use of relevant illustrations<br \/>\n<\/em><\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\"><em>All questions carry equal marks<br \/>\n<\/em><\/span><\/li>\n<\/ul>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Bookman Old Style; font-size:13pt\">You own a mineral water company and it is one of the largest in East Africa:<br \/>\n<\/span><\/p>\n<ol style=\"margin-left: 54pt\">\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Prepare a quality policy for your company.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (07 marks)<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Develope a programme for recruitment of more workers.   (07 marks)<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Write an advert informing customers about the newpackaging .<br \/>\n<\/span><\/div>\n<p><span style=\"font-family:Bookman Old Style; font-size:13pt\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(05 marks)<br \/>\n<\/span><\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Present the core values of your company. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(06 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<\/ol>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Your district has experienced a challenge of garbage littered on the roadsides. This has led to outbreak of diseases such as cholera. As a social entrepreneur, you have decided to start a social enterprise to address the problem.<br \/>\n<\/span><\/div>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Describe the features of your enterprise. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(06 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Present a root cause analysis for the problem at hand. (07 marks)<br \/>\n<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<ol style=\"margin-left: 54pt\">\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Develop a GEPIC structure of advocacy you will use to lobby for support. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(06 marks)<br \/>\n<\/span><\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<ol style=\"margin-left: 54pt\">\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Draft policy guidelines that will be followed to ensure sustainability of your enterprise. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(07 marks)<br \/>\n<\/span><\/li>\n<\/ol>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">The following transactions were extracted from the books of Mahogany Furniture Traders for the year 2014.<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<\/ol>\n<div style=\"margin-left: 54pt\">\n<table style=\"border-collapse:collapse\" border=\"0\">\n<colgroup>\n<col style=\"width:235px\"\/>\n<col style=\"width:193px\"\/><\/colgroup>\n<tbody valign=\"top\">\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  solid 0.5pt; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>Item <\/strong><\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  solid 0.5pt; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>Amount (shs) &#8216;000&#8217;<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Stock 1<sup>st<\/sup> Jan<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">2,000<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Stock 31<sup>st<\/sup> Dec<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">2,300<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Commission received<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">300<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Discount allowed<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">100<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">sales<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">6,000<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">purchases<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">4,000<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Debtors<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">250<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Purchases carriages<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">700<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Sales carriages<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">400<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Electricity <\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">150<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Insurance <\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">190<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Return in wards<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">200<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Return out wards<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">250<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Creditors <\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">400<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Capital <\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">2,900<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Unpaid stationary<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">350<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Bank <\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">500<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Motor van<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">1,000<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  solid 0.5pt; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">Furniture<\/span><\/p>\n<\/td>\n<td style=\"padding-left: 7px; padding-right: 7px; border-top:  none; border-left:  none; border-bottom:  solid 0.5pt; border-right:  solid 0.5pt\">\n<p style=\"text-align: right\"><span style=\"font-family:Bookman Old Style; font-size:12pt\">800<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p style=\"margin-left: 36pt\">\n\u00a0<\/p>\n<p style=\"margin-left: 36pt\"><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>Required to calculate;<br \/>\n<\/strong><\/span><\/p>\n<ol style=\"margin-left: 54pt\">\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">i)       Cost of sales                       \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(04 marks)<br \/>\n<\/span><\/div>\n<ol>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Gross profit margin              \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (04 marks)<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">Capital employed                    \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (05 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<\/ol>\n<\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">Compute and interpret;<br \/>\n<\/span><\/div>\n<ol>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Net profit ratio                       \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (03 marks)<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Inventory turnover ratio                                       \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(03 marks)<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Rate of return on capital employed                       \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(03 marks)<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">Average collection period                                     \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (03 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">You operate an animal drug factory in a Mukono municipality. The residents have been complaining about its operations.<br \/>\n<\/span><\/div>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Prepare a presentation to be read to the community members on the benefits of the factory. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(06 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Present the environment protection guidelines of the factory. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(06marks)<br \/>\n<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<ol style=\"margin-left: 54pt\">\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Present the social responsibilities of the business. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(05 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Prepare a payroll for the top management of the previous month.<br \/>\n<\/span><\/div>\n<p><span style=\"font-family:Bookman Old Style; font-size:13pt\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(08 marks)<br \/>\n<\/span><\/p>\n<\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<p style=\"margin-left: 54pt\">\n\u00a0<\/p>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">The following information relates to the books of save &amp; save milk processors extracted in October, 2014.<br \/>\n<\/span><\/div>\n<ol>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Expected cash sales per month was shs.500, 000; however, it was to reduce by 10% monthly.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Monthly rent income was 300,000 and was to increase by 3% after the first two months<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">The wage bill was to be maintained at shs. 5,000 per employee daily for 10 workers monthly<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">1000 litres of milk were to be purchased on a daily basis each at shs 500 for the whole period<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">On 1<sup>st<\/sup> October, 2014, the business had a cash balance of shs. 800,000<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Income from other sources was expected to be shs. 200,000 in the last two months<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">The business planned to purchase a milk cooling machine at shs. 700,000. No payment was made until the last month.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">The business expected to purchase shares of shs. 100,000 in the first two months<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Expected monthly credit sales were shs. 160,000 but payment would be made in the month of sale.<br \/>\n<\/span><\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Monthly Insurance premium of shs. 10,000 was to be made, and was to increase by 5% every after a month<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">All business assets were to be depreciated by a total of Shs. 100,000 in the second month.<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\"><strong>Required<\/strong>:<br \/>\n<\/span><\/p>\n<ol>\n<li><span style=\"font-family:Bookman Old Style; font-size:13pt\">Prepare a cash flow budget for four months.\u00a0\u00a0\u00a0\u00a0 (22 marks)<br \/>\n<\/span><\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:13pt\">Advise the owner on how to manage funds basing on the net cash position.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (03 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">You bought a declining tours and travel enterprise. You intend to rehabilitate it in order to make it competitive again; you have obtained a loan of Ugx.50,000,000 from centenary bank, payable in five equal instalments in five years at an interest of 15% per annum at reducing balance method.<br \/>\n<\/span><\/div>\n<ol>\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">Prepare a loan repayment schedule to ease loan repayment. \u00a0\u00a0\u00a0\u00a0(06 marks)<br \/>\n<\/span><\/div>\n<p>\n\u00a0<\/p>\n<\/li>\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Present the factors you considered before obtaining a loan from the financial institution.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (08 marks)<br \/>\n<\/span><\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<ol style=\"margin-left: 54pt\">\n<li><span style=\"font-family:Bookman Old Style; font-size:12pt\">Present the programme you followed when obtaining a loan.\u00a0\u00a0\u00a0\u00a0 (06 marks)<br \/>\n<\/span><\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<ol style=\"margin-left: 54pt\">\n<li>\n<div><span style=\"font-family:Bookman Old Style; font-size:12pt\">Draw a capital expenditure budget for the loan you have obtained.<br \/>\n<\/span><\/div>\n<p><span style=\"font-family:Bookman Old Style; font-size:12pt\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(05 marks)<br \/>\n<\/span><\/p>\n<\/li>\n<\/ol>\n<p>\n\u00a0<\/p>\n<p style=\"text-align: center\"><span style=\"font-family:Bookman Old Style\"><strong><em>BE KNOWN BY WORKS<br \/>\n<\/em><\/strong><\/span><\/p>\n<p>\n\u00a0<\/p>\n<p style=\"margin-left: 54pt\">\n\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P230\/2 ENTREPRENEURSHIP EDUCATION Paper 2Nov, 2020 ST. MARYS&#8217; KITENDE Uganda Advanced Certificate of Education RESOURCEFUL MOCK EXAMINATIONS 2020 ENTREPRENEURSHIP EDUCATION<\/p>\n","protected":false},"author":1,"featured_media":265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,1],"tags":[],"class_list":["post-124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ENTREPRENEURSHIP EDUCATION PAPER 2 RESOURCEFUL MOCK EXAMINATIONS 2020 ST. 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