(i) Explain why a firm in perfect competition may continue in the production of goods which it can only sell at a loss and why it […]

K, N and M have been trading in partnership as Meka Associates making water tanks for the last 5 years. They share profits and losses in […]

Professor Ujuzi, a Kenyan, came back to Kenya from USA on 1 August 2005 to take up an appointment as a managing director of Good Metal […]

Outline the basic elements of an unqualified audit report

List and discuss the principal matters, which the auditors considers in forming an opinion on the financial statements.

List and briefly explain the general forms of qualifications available to the auditor in drafting his audit report, stating the circumstances in which each qualification is […]

All publicly traded companies are required to have their financial statements audited by an independent firm of Certified Public Accountants. When planning for the year’s end, […]

(i) Explain why a firm in perfect competition may continue in the production of goods which it can only sell at a loss and why it […]

(a) Differentiate between economies of scale and returns to scale (5 marks) (b) Given a firm‟s demand function Q – 90 +2P = 0 and its […]