July 29, 2021

Computing the total VAT payable

Saika Co. Ltd. a manufacturer, purchases raw materials at Sh.1,000,000. The company then incurs conversion costs which are estimated at 40% of material cost. The profit […]
July 29, 2021

value added tax (VAT)

(i) Give a brief definition of value added tax (VAT). ( 2 marks) (ii) Explain in numbered paragraph the case for and against VAT in your […]
July 29, 2021

Terms as used in index numbers

Explain the following terms as used in index numbers: (i) Quantity indices (2 marks) (ii) Base year (2 marks) (iii) Chain index numbers (2 marks) (iv) […]
July 29, 2021

Two alternatives and cost

Susan  has just bought a house on a half acre plot. Her current problem is deciding how to cut the grass. One alternative is to hire […]
July 29, 2021

Assumptions and limitations of the game theory

What are the assumptions and limitations of the game theory?
July 29, 2021

A two person non-zero sum game matrix

Two participants, husband and wife wish to go to an event together but may disagree whether to go to a football fame or a variety show. […]
July 29, 2021

Explanatory notes and computations

You have been invited by a group of CPA I and CPS I students to discuss the matters listed below: Required: In each of the cases […]
July 29, 2021

Two person game theory

In the context of two person game theory, explain the following: (i) Zero-sum and non zero-sum games. (ii) Saddle point. (iii) The pure and the mixed […]
July 29, 2021

Formulating problem as a profit maximization problem

J.A Computers is a small manufacturer of personal computers. It concentrates production on three models – a Desktop 386, a Desktop 286, and a Laptop 486, […]
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