SAF is a manufacturer of military hardware. Shown below is a simplified projected income statement for its small arms division. SAF Small Arms Division Income Statement […]

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 […]

(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 […]

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) […]

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 […]

What are the assumptions and limitations of the game theory?

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. […]

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 […]

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 […]