Trendy Tyres Ltd. has introduced a new brand of tyres, which in their advertisements claim to be superior to their only competitor brand, the Roadmaster Tyres. The brand manager of Roadmaster Tyres disputes this claim which he says is an advertisement gimmick. The brand manager of the two companies agree […]

Explain the difference between the paired t-test and the two-sample t-test.

a) Define the term unemployment (2 marks) b) i) Discuss the main causes of unemployment (10 marks) ii) Suggest the possible measures that you would implement to contain unemployment problems in your country (8 marks)

A Forest Tree Fellers Ltd. commenced business on 1 January 2005. The following fixed assets of the company which it acquired prior to the commencement of the business were stated at their written down values as at 1 January 2005: Milling machine Fork lifts Tractors Lorries – 200 tones Packaging […]

Explain the meaning of the following terms and state their effects on taxable income. (i) Trading receipts. (ii) Balancing charge. (iii) Trading loss (iv) Balancing deduction.

You are the auditor of NN Supermarkets Limited across the country. The management has informed you that they intend to set up an internal audit function. Required: a) Identify and explain the function to be performed by the internal audit department in NN Supermarkets Limited. (8 marks) b) List four […]

The finance manager of Apr Construction Ltd. has two investment proposals before him and he wishes to choose one of them. He will choose the project that offers him a higher expected net present value (NPV). In case both projects have the same NPV, he will prefer the project that […]

Excel Audit Consultants (EAC) have engaged three audit trainees; O, K and M. After three months, the audit supervisor notices that 3%, 5% and 4% of the accountants audited by O, K and M respectively have some procedural errors. The supervisor had distributed the accounts such that O audited 40%. […]

(i) State the Baye’s theorem (2 mark) (ii) What is the importance of Baye’s theorem to a business manager? (8 marks)