Due to high operational cost, Herrizon Commercial Bank (HCB) wishes to close those savings accounts that do not maintain a certain minimum monthly balance. Currently the mean monthly balance of the savings accounts is Sh. 25,000 with a standard deviation of Sh. 5,000. The bank wishes to close 10% of […]

(a) What is meant by economies and diseconomies of scale? (6 marks) (b) Write explanatory notes on the various types of internal and external economies of scale. (14 marks)

Mrs. S is the owner of a supermarket in Downtown Miami. Her accounts clerk has submitted to you the following trading profit and loss account for the year ended 31 December 2005: Sh. Sh. Opening stock Purchases Salaries and wages Donations to U.S Chamber of Commerce Redundancy payments Contributions to […]

One of the responsibilities of the directors of a company is to establish strong internal controls to safeguard the assets of the firm. Required: a) State the audit objectives of internal controls on fixed assets. (6 marks) b) Set out the audit procedures you would follow to verify directors‟ fees. […]

“Under One Thousand Shillings” Corner Store is planning to open a new store on the corner of Main and Crescent Streets. It has asked the Tomorrow’s Marketing Company to do a market study of randomly selected families within a five kilometers radius of the store. Among the questions it wishes […]

(a) Explain the purpose of Venn diagrams. (5 marks) (b) A market study taken at a local sporting goods store, Maua Wahome Stores, showed that, of the 200 people interviewed, 60 owned tents, 100 owned sleeping bags, 80 owned camping stoves, 40 owned both tents and camping stoves and 40 […]

Develop a simulation of a robot car which can move in the mountain region with different altitudes without getting stuck. This simulation has to be done using either Unity 3D or Unreal Engine 4. The car had to be built and it should be able to navigate in an environment […]

Using a well-illustrated diagram, show that a monopolist can make losses in the short-run even when MC = MR

Normally in the U.K a trader is required to pay for a variety of licences in order to conduct trade. (i) Do you consider a licence to be a tax? Explain. ( 2 mark) (ii) Specify and discuss four of such licences. ( 12 marks) (iii) In Kenya there is […]