The National Metal Works Limited manufactures and retails door and window frames. The company recently dismissed their external auditors. The directors have approached your firm of […]

(a) Distinguish between input-output analysis and Markov analysis. (2 marks) (b) A miniature economy has three industries: motor vehicle, electricity and steel. These industries are interdependent., […]

a) Define Money and outline its major functions. (8 marks) b) Explain the various motives of holding money. (6 marks) c) What are the likely effects […]

Beta Glassworks Ltd. manufactures bottles for the beverage industry. The company specializes in producing bottles of three different capacities: 0.2 litre, 0.3 litre and 0.5 litre. […]

The table below represents economic transactions for country XYZ in billions of shillings: Total output Intermediate purchases Agriculture 30 10 Manufacturing 70 45 Services 55 25 […]

Why is it important to estimate National Income of a Country? What difficulties do economists encounter while carrying out such a task particularly in developing countries?

Discuss the tax implications of the following independent transactions: (i) 16% VAT paid on a new factory building constructed on behalf of Wema Ltd. VAT of […]

Inspection and monitoring of quality control by a firm of auditors involves both inhouse and external procedures. The internal procedures include the post-audit review, sometimes known […]

Interlink Services Ltd. (ISL) are in the process of introducing a new service. The technical services manager has listed following activities, their predecessors and associated costs: […]