August 12, 2021

Terms used in game theory

Define the following terms used in game theory: (i) Dominance (3 marks) (ii) Saddle point (3 marks) (iii) Mixed strategy (3 marks) (iv) Value of the […]
August 12, 2021

The necessity for reliance on specialist

Specialists or experts are occasionally required by external auditors mainly in connection with the valuation assets and the determination of liabilities. Required: a) The necessity for […]
August 12, 2021

Maximum total rating

The Tamu – Tamu Products Company Ltd. is considering an expansion into five new sales districts. The company has been able to hire four new experienced […]
August 12, 2021

Terms as used in linear programming

Define the following terms as used in linear programming: (i) Feasible solution (4 marks) (ii) Transportation problem. (4 marks) (iii) Assignment problem. (4 marks)
August 12, 2021

Errors in computer based accounting systems

“Most errors in computer based accounting systems can be traced to faulty input. Controls over the completeness and validity of all inputs are vital. Control over […]
August 12, 2021

Taxable income derived from the partnership

Rai, Sai and Tai are former school mates who were doing business together. The business is not registered but they registered themselves as equals in it. […]
August 12, 2021

Audit client’s stocktaking instructions

Your firm audits Clean Paints Ltd. and you are planning the audit of stock and work in progress for the year ended 31 December 2000. Clean […]
August 12, 2021

Regression equation

The following regression equation was calculated for a class of 24 CPA II students. Ŷ = 3.1 + 0.021X1 + 0.075X2 + 0.043X3 Standard error (0.019) […]
August 12, 2021

Price floors and price ceilings

With the aid of well-labeled diagrams, distinguish between price floors and price ceilings. (6 marks) ii. What are the major consequences of each of the price […]
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