pathfinder - The Institute of Chartered Accountants of Nigeria

PATHFINDER(9) P2 P190,000 18,00060,000 = 8,00030,000 10,00030,00010,000 = N3(15) P(AUB)= P(A) + P(B) – P(AAB)= 0.45 + 0.65 – (0.45) (0.65)= 0.8075(16) P + Q = 5 6 + 2 3 = 7 98 9 1 2 9 11i.e. x+y 9 7 99 x+2y = 9 11.. x + y = 7 (i)x + 2y = 11 (ii)(ii) – (i) y = 4Using (iii) in (i) x = 7-y = 7-4 =3.. 2x + 3y = 2(3) = 3(4) = 18(19) Price relative for 2008 = 175 x 100140 1= 125%EXAMINERS‟ REPORTThe questions cover a good proportion of the syllabus.All the candidates attempted the questions. Performance was below average as about70% of the candidates scored 40% and below. The major pitfall was in the candidates‟inability to demonstrate a good knowledge of CQT terminologies.INTERMEDIATE EXAMINATION - NOVEMBER 201123