The directors of Totale engineering Company Limited presented the following Profit and Loss for the year ended 31 December 2005: Sh. Revenues Sales Interest on Government Securities (Gross) Expenses: Purchases Wages Carriage inwards Rent Insurance Trade expenses Repairs: Building Machinery Advertising Legal charges Audit fees Depreciation Provision for doubtful debts […]

You are carrying out the audit of ACB Computers limited for the year ended 31 December 2003. The company assembles microcomputers purchased from the Far East and sells them to retailers, and to individuals and other businesses. In the current year, there has been a recession and strong competition, which […]

A manager is convinced that a new type of machine does not affect production at the company‟s major shop floor. In order to test this, 12 samples of this week‟s hourly output is taken and the average production per hour is measured as 1158 with a standard deviation of 71. […]

Prior to an advertising campaign, 35 percent of a sample of 400 housewives used a certain product. After the campaign, 40 percent of a second sample of 400 housewives used the same product. Required: Did the campaign increase sales?

Outline how each of the following may contribute to economic growth and development in developing countries: i. Domestic economic governance and transparency. (5 marks) ii. Activities of commercial banks and non-bank financial institutions. (5 marks)

Explain why reduction of Government deficits has increasingly become an important issue in fiscal policy framework of developing countries.

What are the main causes of budget deficits? Discuss

The purchasing department has analysed the number of orders placed by each of the 5 departments in the company by type for this financial year as given in the table below: Order type Sales Purchase Production Accounts Maintenance Total Consumables Equipment Special Total 10 1 0 11 12 3 0 […]

Suppose in a two commodity market model the supply and demand functions are given as: QS1 = -3 +4P1 QS2 = -18 + 4P2 Qd1 = 4 – P1 + 1/2 P2 Qd2 = 10 + P1 – P2 Required: a) Explain the relationship between the two commodities giving valid […]