The table below shows the demand and supply schedules for a product. Price (Sh. Per Kg.) Demand (Kg) Supply (Kg.) 10 100 20 20 85 36 […]

State and briefly explain any four main factors that may cause a fall in the supply of a good in the market.

Clearly explain the distinction between supply, demand and equilibrium price.

XYZ Company Limited invests in a particular project and it has been estimated that after X months of running, the cumulative profit (Sh. ‘000’) from the […]

(a) State and explain from tax perspective whether each of the following items are capital or revenue. – Legal and professional fees on computerization. – Structural […]

Miss Jane’s contract of employment for five years was terminated on 31 December 2005 after it had run for three years. Compensation for Sh.300,000 was paid. […]

Two machines, A and B are used to process certain items. The cost function for each machine is given by: Machine A: Y = 15 + […]

A removal firm has received an order to remove the contents of a house situated 100 kilometres from its offices. The firm operates two sizes of […]

Explain how you would verify the following: a) Investment income. (5 marks) b) Bank balances. (5 marks) c) Contingent liabilities. (5 marks) d) Petty cash balances. […]