(a) What are factors of production? (6 marks) (b) Explain the meaning of mobility of factors of production. To what extent are factors of production mobile. […]

Explain the meaning of the following terms as appearing in the respective tax legislation: (a) Excise duty; ( 2 marks) (b) Local committee; ( 2 marks) […]

The utility (U) obtained by Olympia by consuming food (F) and shelter (S) is given by utility function U = FS (i) Draw the indifference curves […]

Future Computer Company has developed a new computer accounting software package to help accountancy analysis reduce the time required to design, develop and implement an accounting […]

Nation Standard Newspaper poll for the year 2004 presidential campaign in U.S sampled 491 potential voters in October 2004. A primary purpose of the poll was […]

A production department uses a sampling procedure to test the quality of newly produced items. The department employs the following decision rule at an inspection station: […]

In the course of the audit of ABC Stationers Ltd. for the year ended 30 June 2001, you have noted and recorded in the audit working […]

Given below were the purchases and sales made by Tough Limited during the month of December 2005. The prices were inclusive of VAT at the standard […]

State and explain the benefits of value added tax (VAT) in the context of the principles of a good tax system. (20 marks)