A machine produces circular bolts and, as a quality control test, 250 bolts were selected randomly and the diameter of their heads measures as follows: Diameter of head (cm) Number of components 0.9747 0.9750 0.9753 0.9756 0.9759 0.9762 0.9765 0.9768 0.9771 0.9774 0.9777 0.9780 – – – – – – […]

An electronics firm carries out a small-scale test launch of a new low-priced pocket calculator. It estimates from this test that if it went into full-scale production it would sell between 1,000 and 2,500 calculators per month, and that is monthly revenue in thousands of shillings over this range of […]

Should citizens feel obliged to pay tax? Explain

Suggest three possible ways in which the Government may prevent loss of tax revenue from imports. Explain

The recent debate relating to importation of goods through the port of Mombasa has had one of its issues the amount of tax assessed. Specify and explain clearly at least three ways in which the Government may lose tax revenue on imports.

The number of shoppers queuing at any given time in a certain supermarket downtown Miami can be approximately represented by the equation: y = x3 – 14×2 + 50x over the range 0 ≤ x ≤ 8.5, where y is the number queuing and x is the time in hours […]

Distinguish between tax evasion and tax avoidance. Discuss

The external auditors of companies often write to companies’ bankers asking for details of bank balances and other matters at the year-end. Required: Explain why auditors write to companies’ bankers and list the matters you would expect banks to confirm.

Explain the four different methods or approaches for organizing and displaying project information.