pathfinder - The Institute of Chartered Accountants of Nigeria

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PATHFINDERQUESTION 6(a)C( q) 200 46q qP(q) 200 q22Revenue q P(q) 200q q R(q)dR d2Marginal Revenue, MR = (200q q )dq dq 200 2qMarginal cost, MC = dC = 46 + 2qdqMarginal profit = d (R –C)ddqddq(200q q(200q q22dq= 200 - 2q – 46 – 2q= 154 – 4q) (200 46q q 200 46q q2)2)(b) (i)For maximum profit, MC=MRi.e 46 2q 200 2q 4q154154 q 438.5Unit production price = 200 – q = 200 - 38.5 =161.5Actual price of a unit = N161,500(c)The price elasticity of demand,dpP = 200 – q ; 1dq 200 q 200 q e d 1 q q p 1e d q dp dq At maximum profit, q = 38.5INTERMEDIATE EXAMINATION - NOVEMBER 201028
PATHFINDEREXAMINERS‟ REPORT200 38.5 e d 4.194838.5e d1 that the demand is elastic.The question tests candidates understanding and application of Revenue and Costfunctions.About 60% of the candidates attempted the question.Performance was fair. About 40% of the candidates who attempted the question scored40% and above.A major pitfall was inability of the candidates to understand the requirements of thequestion.It is recommended that: Candidates should improve on the quality of tuition and texts for futureexamination. Increase the amount of time spent on preparing for future examination.INTERMEDIATE EXAMINATION - NOVEMBER 201029
Page 3: PATHFINDERTABLE OF CONTENTSSUBJECTS
Page 6 and 7: PATHFINDER10. First in First out (F
Page 8 and 9: PATHFINDER1 19 912030 0 ES5TLSTX312
Page 10 and 11: PATHFINDER4. The formula for alloca
Page 12 and 13: PATHFINDERMaterials on site as at e
Page 14 and 15: PATHFINDERQUESTION 5The table below
Page 16 and 17: PATHFINDERWORKINGS12. EOQ =2CO D 21
Page 18: PATHFINDERWORKINGS13. Sample space
Page 21 and 22: PATHFINDERIt is recommended that:Ca
Page 23 and 24: PATHFINDERQUESTION 3OGBUEFI LIMITED
Page 25 and 26: PATHFINDERQUESTION 4(a)Euler-Venn d
Page 27: PATHFINDERP 0 Q 0 P 1 Q 1 Q 0 + Q 1
Page 31 and 32: PATHFINDER4. ONE of the following m
Page 33 and 34: PATHFINDER12. The auditor, in carry
Page 35 and 36: PATHFINDER19. Statutory Auditing ca
Page 37 and 38: PATHFINDER15. Section 29 of Banks a
Page 39 and 40: PATHFINDERQUESTION 5Auditing of com
Page 41 and 42: PATHFINDERPART II SHORT ANSWER QUES
Page 43 and 44: PATHFINDERany, in depreciation rate
Page 45 and 46: PATHFINDER(v)(vi)Creditors are able
Page 47 and 48: PATHFINDERvii. Natural disaster;vii
Page 49 and 50: PATHFINDERCandidates shied away fro
Page 51 and 52: PATHFINDEREXAMINERS‟ REPORTThe re
Page 53 and 54: PATHFINDERICAN/102/P/2EXAMINATION N
Page 55 and 56: PATHFINDER8. What is the term used
Page 57 and 58: PATHFINDER15. Which of the followin
Page 60 and 61: PATHFINDERSECTION B: ATTEMPT ANY FO
Page 62 and 63: PATHFINDERQUESTION 3Mr. James makes
Page 64 and 65: PATHFINDERQUESTION 6SOULINE Company
Page 66 and 67: PATHFINDER5. RATES OF PERSONAL INCO
Page 68 and 69: PATHFINDERPART II: SHORT-ANSWER QUE
Page 70 and 71: PATHFINDERIncome tax payable 14,259
Page 72 and 73: PATHFINDERBased on the New Accounti
Page 74 and 75: PATHFINDERAll the above principles
Page 76 and 77: PATHFINDEREXAMINERS‟ REPORTPart (
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PATHFINDERCandidates are advised to
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PATHFINDERICAN/102/P/4EXAMINATION N
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E. Assessment.PATHFINDER9. All rese
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PATHFINDER17. Some students in the
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PATHFINDER15. The statistic that di
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PATHFINDERQUESTION 6A survey on the
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PATHFINDEREXAMINERS‟ REPORTThe qu
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PATHFINDERvi.vii.Information hoardi
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PATHFINDER(vii)Consideration: Commu
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PATHFINDERc ii.Cluster SamplingIt i
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PATHFINDEREXAMINERS‟ REPORT:The q
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PATHFINDERDecision:Since the calcul
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pathfinder - The Institute of Chartered Accountants of Nigeria

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