Explain the economic effects of a high rate of inflation. (20 marks)

a) Define inflation. (3 marks) b) What are the major causes of inflation? (12 marks)

The table below shows the sales of new cars by quarters during a period of three years: Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sh. “million” Sh. “million” Sh. “million” Sh. “million” 2001 55.0 76.5 61.2 77.8 2002 54.4 65.9 52.7 81.4 2003 59.3 83.2 78.5 93.0 Required: […]

(a) State the principal components of a time series. (3 marks) (b) (i) Explain the difference between multiplicative and additive models as used in time series. (8 marks) (ii) State the conditions under which each model is used. (4 marks)

A very important aspect of the audit of the financial statements by an external auditor is the observation of the physical stocktaking. Required: a) Why does the auditor need to attend a stock-take of the company that he audits? (6 marks) b) List four procedures that an auditor would need […]

Gat, Kie and Kan are partners, operating a supermarket in Downtown Miami. They share profits and losses in the ratio 2:2:1 respectively. During the year ended 31 December 2005, the partners reported a loss of Sh.4,425,000 after deducting the following: Sh. Interest on capital: Gat Kie Kan Salaries to partners: […]

a) Clearly explain the meaning of deficit financing of the national budget. (4 marks) b) To what extent can an economy be supported by deficit – financing?(10 marks) c) Explain what fiscal policy entails. (6 marks)

The purpose of the individual research writing assignment is to provide the opportunity to explore contemporary technologies that are emerging in modern supply chains. Through this exercise students gain critical knowledge and understanding about the evolving nature of modern supply chains. In doing so, companies improve the way they satisfy the […]

Modern economies can be highly influenced by the way their budgets are frame worked. Required: a) Clearly explain the role of budgetary management in economic development. (10 marks) b) Briefly explain the types of budgets. (5 marks) c) i)Define taxation. (2 marks) (ii) Clearly explain the principle functions of taxation. […]