July 30, 2021

Audit objectives for the audit of cash

A book-selling company has a head office and 25 shops, each of which holds cash (banknotes, coins, and credit card vouchers) at the balance sheet date. […]
July 30, 2021

Determining the shortest time and the associated cost to finish a project

A small construction project involves the following activities: Normal Crash Activity Time (days) Cost (Sh.) Time (days) Cost (Sh.) 1-2 1-3 2-4 3-4 3-5 4-5 Clear […]
July 30, 2021

Terms as used in decision analysis

Explain the following terms as used in decision analysis. (a) decision making under risk versus uncertainty. (4 marks) (b) decision trees versus probability trees (4 marks) […]
July 30, 2021

The optimal weekly production schedule

A small company will be introducing a new line of lightweight bicycle frames to be made from special aluminum alloy and steel alloy. The frames will […]
July 30, 2021

Internal control systems

Internal control systems are designed, amongst other things, to prevent error and misappropriation. Required: Describe the errors and misappropriations that may occur if the following are […]
July 30, 2021

Determining next period’s forecast

The monthly electricity bill at the Chez Paul Restaurant over the past 12 months has been as follows: Month Amount (Sh.) December January February March April […]
July 30, 2021

Under production, marketing and finance sub-systems

An increasing number of organizations operate sophiscated corporate planning models. Quite often these models feature integrated models for the production, marketing and finance sub-systems. While linkage […]
July 29, 2021

Discrete and continuous distributions

(a) Briefly explain each of the following distributions indicating whether it is a discrete or a continuous distribution. (i) Binomial distribution (3 marks) (ii) Poisson distribution […]
July 29, 2021

Explanatory notes on the taxes

Write explanatory notes on the taxes listed below and in each case indicate whether the tax complies with the main principles of a good tax system. […]
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