August 18, 2021

The utility (U)

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 […]
August 18, 2021

New software package should be adopted at 95% confidence level

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 […]
August 18, 2021

Recommended sample size

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 […]
August 18, 2021

A production department uses a sampling procedure to test the quality of newly produced items

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: […]
August 18, 2021

Relevance to the overall audit objective of forming an opinion and reporting on the financial statements

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 […]
August 18, 2021

The purchases and sales

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 […]
August 18, 2021

The benefits of value added tax

State and explain the benefits of value added tax (VAT) in the context of the principles of a good tax system. (20 marks)
August 18, 2021

The capital deductions

John, a farmer, constructed a farmhouse on 2 January 2005 for Sh.6,000,000 and incurred the following additional expenditure: Sh. 2.1.2005 30.6.2005 30.9.2005 30.10.2005 Cattle dip Irrigation […]
August 18, 2021

Farm works deductions and capital deductions

Distinguish between farm works deductions and capital deductions.
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