Question

In: Accounting

A young girl named Merapelo who lives in Maun has recently started a small business with...

A young girl named Merapelo who lives in Maun has recently started a small business with a loan from the bank. She manufactures baskets with the raw material, reed,from the river banks. Her baskets are liked and bought by both locals and tourist to the area. Merapelo intends to expand her business in future.

a) State and explain the kind of trade Merapelo is involved in.

b)Explain two aids to trade that will be needed by Merapelo in her business and explain how each will assist Merapelo.

c)Explain one benefit that the community can enjoy from her business as she expands.

Solutions

Expert Solution


Related Solutions

Maurice has recently graduated from University and started working for a small public accounting firm who...
Maurice has recently graduated from University and started working for a small public accounting firm who specialise in providing taxation services to a range of clients. He has just returned from a review interview with one of the partners and is upset because the partner was not happy with the quality of the work papers he has prepared to support the income tax return for a client. Explain to Maurice the reasons why quality work papers are important, what should...
Thomas, a young entrepreneur, started a construction business. Ari, who owned and operated a radio station,...
Thomas, a young entrepreneur, started a construction business. Ari, who owned and operated a radio station, agreed to run some advertisements for him. Unfortunately, Thomas was unable to pay Ari for the services. In the hopes of making the business profitable so that he could get paid under the broadcasting contract, Ari, without remuneration, assisted Thomas in his business. In fact, on behalf of Thomas, Ari signed a contract with Lopez for plumbing and heating supplies. When payment for the...
On January 1, 2018, Jana started a small flower merchandising business that she named Jana’s Flowers....
On January 1, 2018, Jana started a small flower merchandising business that she named Jana’s Flowers. The company experienced the following events during the first year of operation: 1.Started the business by issuing common stock for $30,000 cash. 2.Paid $19,000 cash to purchase inventory. 3.Sold merchandise that cost $10,000 for $21,000 on account. 4.Collected $16,000 cash from accounts receivable. 5.Paid $3,750 for operating expenses. Required a. Organize ledger accounts under an accounting equation and record the events in the accounts....
You are talking with a friend who has recently started an exercise regimen, and they comment...
You are talking with a friend who has recently started an exercise regimen, and they comment that they are planning to quit because they experience muscle soreness following their workouts. In your communication assignment for this week explain why this occurs. You should focus on the molecular mechanism of muscle contraction and how muscles become fatigued. You should also discuss the ways muscles adapt to changing activity levels at the molecular level as you encourage them to increase their fitness...
A young girl who had never been immunized to tetanus stepped on a rusty nail and...
A young girl who had never been immunized to tetanus stepped on a rusty nail and got a deep puncture wound. The doctor cleaned out the wound and gave the child an injection of tetanus antitoxin. Why was antitoxin given instead of the tetanus vaccine? If the girl receives no further treatment and steps on a rusty nail again 3 years later, will she be immune to tetanus?
You have a friend, Icahn Betitall, who just started a small business. He is paying a...
You have a friend, Icahn Betitall, who just started a small business. He is paying a hefty premium for insurance. Icahn’s insurance agent told him that he is insuring against the risk of loss on fire, theft, liability, and business interruption. Icahn also has policies for life, health, and automobiles. Icahn is planning a trip to Las Vegas. He plans to contact his agent and obtain a policy on the risk of losing his money at the blackjack table. a....
You have a friend, Icahn Betitall, who just started a small business. He is paying a...
You have a friend, Icahn Betitall, who just started a small business. He is paying a hefty premium for insurance. Icahn’s insurance agent told him that he is insuring against the risk of loss on fire, theft, liability, and business interruption. Icahn also has policies for life, health, and automobiles. Icahn is planning a trip to Las Vegas. He plans to contact his agent and obtain a policy on the risk of losing his money at the blackjack table. a....
Muscle contraction and fatigue prompt: You are talking with a friend who has recently started an...
Muscle contraction and fatigue prompt: You are talking with a friend who has recently started an exercise regimen, and they comment that they are planning to quit because they experience muscle soreness following their workouts. In your communication assignment for this week explain why this occurs. You should focus on the molecular mechanism of muscle contraction and how muscles become fatigued. You should also discuss the ways muscles adapt to changing activity levels at the molecular level as you encourage...
Emmy’s Toys Ltd has recently expanded and started trading on the stock exchange. The business was...
Emmy’s Toys Ltd has recently expanded and started trading on the stock exchange. The business was previously a family owned company, and now the newly appointed chair intends to also act as chief executive of the company. Some members of the board have disagreed with this idea and want to offer a well-known business leader share-options in the company and a large salary to join the board and act as the chair. Write a report to advise the company how...
Take a fictional Target shopper named Jenny Ward, who is 23, lives in Atlanta and in...
Take a fictional Target shopper named Jenny Ward, who is 23, lives in Atlanta and in March bought cocoa-butter lotion, a purse large enough to double as a diaper bag, zinc and magnesium supplements and a bright blue rug. There’s, say, an 87 percent chance that she’s pregnant and that her delivery date is sometime in late August. In the past, that knowledge had limited value. After all, Jenny purchased only cleaning supplies at Target, and there were only so...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT