An entrepreneur bought a washing machine on hire purchase. The cash price of the machine was Sh 800,000. An initial deposit of 20% of the...
(Solved)
An entrepreneur bought a washing machine on hire purchase. The cash price of the machine was Sh 800,000. An initial deposit of 20% of the cash price was paid. A flat interest rate of 15% was charged on the outstanding balance for the period of repayment. The balance plus the interest were payable in 36 equal monthly installments. A customer who purchases the machine on cash basis receives a 10% discount on the cash price.
Required.
The amount of money saved if the machine is bought on cash basis.
Date posted:
May 20, 2021
.
Answers (1)
Wakulima cereals board operates warehouses in three different locations Nairobi, Nakuru and Eldoret. The cereals stocked by Wakulima cereals board comprise maize, rice, wheat and...
(Solved)
Wakulima cereals board operates warehouses in three different locations Nairobi, Nakuru and Eldoret. The cereals stocked by Wakulima cereals board comprise maize, rice, wheat and beans. The table below shows the inventories of the cereals in the three warehouse locations as at 31 December 2009.
Required.
Using matrix algebra, determine the total estimated value of all the cereals stocked by Wakulima Cereals Board in the three warehouse locations as at 31st December 2009.
Date posted:
May 19, 2021
.
Answers (1)
Jawabu limited manufactures three products namely A, B & C. The company has three outlets X, Y & Z. The data below show the number...
(Solved)
Jawabu limited manufactures three products namely A, B & C. The company has three outlets X, Y & Z. The data below show the number of units of products A, B & C sold in outlets X, Y and Z for the months of September 2010 and October 2010.
Date posted:
May 19, 2021
.
Answers (1)
A company produces 3 products X,Y & Z, which are processed through three departments namely P, Q & R. The table below shows the labour...
(Solved)
A company produces 3 products X,Y & Z, which are processed through three departments namely P, Q & R. The table below shows the labour hours required to produce one unit of each product in each of the departments.
Required
Using the Gaussian elimination method determine the optimal combination of the products that could be produced each month.
Date posted:
May 19, 2021
.
Answers (1)
XYZ limited intends to invest in a particular project whose maximum duration is 9 months. The estimated total profit of the project is given by...
(Solved)
XYZ limited intends to invest in a particular project whose maximum duration is 9 months. The estimated total profit of the project is given by the function.
Date posted:
May 19, 2021
.
Answers (1)
The cost accountant of Kalnet manufacturing ltd. has determined that the total cost and revenue functions vary according to the units produced and sold in...
(Solved)
The cost accountant of Kalnet manufacturing ltd. has determined that the total cost and revenue functions vary according to the units produced and sold in a curvilinear nature. The following table shows the production in units and the associated total revenue and costs.
Date posted:
May 17, 2021
.
Answers (1)