STRICTLY CONFIDENTIAL

THE PUBLIC ACCOUNTANTS EXAMINATION

COUNCIL OF MALAWI

2007 EXAMINATIONS

CERTIFICATE IN FINANCIAL ACCOUNTING

PROGRAMME

PAPER FA 2: PRACTICAL MATHEMATICS & COMPUTING

(DECEMBER 2007 )

SUGGESTED SOLUTIONS
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SECTION A

Answer ALL questions in this section

1. (a) (i) 17 = 17 x 100 = 68%

25 25

(ii) 0.375 = 375 = 3

1,000 8

(iii) 55% = 0.55

(iv) 9746.8 = 9.7468 x 103

(b) (i) continuous;

(ii) discrete.

(c)
2x - y + z2

100 - 28 + 9

81

± 9

(d) ½(x + 1) = 5–x

x+1 = 10 – 2x
9 = 3x
3 = x

2. (a) Factors to consider when determining sample size;

- Time available
- Money (funds) available
- Aims of the survey
- Degree of precision required
- Number of sub samples required
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(b) (i)
No. of measures = 1,000 = 40
25

(ii) Profit (K40 x 25) - K635

= K365.00

(iii) Revenue 25 x K40 x .8

= K800

(iv) Let No. of measures be x

25x = 635
x = 26

3. Formular:

B5 is = 20%* B4
B6 is = B4 – B5
B7 is = 40% * B6
B8 is = 10% * B7
B9 is = 30% * B8
B10 is = B7 – B8 – B9

SECTION B
THREE Questions ONLY to be answered from this Section

4. The following data indicates the geographical location of the top 40 emerging –
market companies in 2006 based on their market values.
(a) (c)
Location Frequency Percentage
Africa 7 17.5
Asia 12 30.0
Europe 5 12.5
N. America 5 12.5
S. America 11 27.5

(b) See graph

5. (a) Measures that would be used to investigate:

(i) Most frequent occurring value – mode (1)
(ii) Value in the centre of the distribution in median.
(iii) Difference between highest and lowest range.
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(b)
E M A
Electrical Mechanical Appearance Total
During (D)
guarantee 18 13 29 60
Beyond (B)
guarantee 12 22 6 40
Total 30 35 35 100

P (D) 60 = 0.6
100

P (M) 35 = .35
100

P(B/E) 12 = 0.4
30

P(E or A) = 30 + 35 = 65 = 0.65
100 100

P(A and B) = 6_ = 0.06

100

6. (a) Complete the following table

base 2 base 8 base 10 base 16
10110 26 22 16
10111 27 23 17
101101 55 45 2B
111011 73 59 3B

(b) Commission for:

Week 1 Commission 29,000 x 10 = 2,900

100
Week 2 Commission (50,000 x 10 + (13,000 x 15 = 6950
100 100

Week 3 Commission 40,500 x 10 4,050

100

Total Commission for 3 weeks = 13,900

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7. (a) (i) Chemicals of the A and C Can contains:

A:B:C = 3:4:5
Total = 12
(ii) Total weight of paint in the Can:
From B 1 unit 18,000 = 450g 4

Weight of A = 3 x 450 = 1,350g

Weight of C = 5 x 450 = 2,250g
Total weight = 12 x 450 = 5,400g
= 5.4 kg

(b) Bank B
P = K20000 n = 5

= K20,000(1 + 3/100)(1 + 4/100) (1 + 5/100)(1 + 6/100)(1 + 7/100)

= K255.14

Bonus 10 x K25,514 = K255.14

100

Total sum K255.14 + K25514

= K25,769

END