In the context of time series, explain the following terms: (i) A basic trend. (ii) Seasonal fluctuations. (iii) Cyclical fluctuations. (iv) Residual variations.

Briefly but clearly explain: (a) The null-hypothesis and the alternative hypothesis. (5 marks) (b) The circumstances in which the paired t-test should be used to test […]

Specify the basic rules in Income Tax with regards to payment of pension from a registered scheme to: (i) The pensioner, (3 marks) (ii) The widow […]

It is common in developing countries to have individuals who cannot distinguish between taxes and charges. Explain the difference between a tax and National social Security […]

The following purchases and sales were made by Pepo Limited (VAT No. !00012Y) during the first two weeks of January 2006. Prices shown are inclusive of […]

Explain the role and functions of a Value Added Tax tribunal.

The lifetimes of a certain type of electrical components are distributed with a mean of 800 hours and standard deviation of 160 hours. Required: (i) Identify […]

A green grocer buys peaches in large consignments directly from a wholesaler. In view of the perishable nature of the commodity, the green grocer accepts that […]

Vehicles pass a certain point on a busy single – lane road at an average rate of two per 10 second interval. Required: (i) Identify situation  […]