Examination No.___________________
THE PUBLIC ACCOUNTANTS EXAMINATION
COUNCIL OF MALAWI
2012 EXAMINATIONS
CERTIF ICATE IN FINANCIAL ACCOUNTING
PROGRAMME
PAPER FA 2: PRACTICAL MATHEMATICS & COMPUTING
WEDNESDAY 30 MAY 2012
TIME ALLOWED: 3 HOURS
9.00 AM - 12.00 NOON
INSTRUCTIONS: 1.
You are allowed 15 minutes reading time before the examination begins during
which you should read the question paper and, if you wish, make annotations on the
question paper. However, you are not allowed, under any circumstances, to open the
answer book and start writing or use your calculator during this reading time.
2.
Number of questions on paper – 7.
3.
Answer ALL questions in Section A and any THREE questions in Section B.
4.
Marks for each question are indicated.
5.
Use of programmable calculators is NOT allowed.
6.
All workings must be clearly shown.
7
Begin each answer on a fresh page.
8.
This question paper must NOT be removed from the examination hall.
9.
DO NOT OPEN THIS PAPER UNTIL YOU ARE INSTRUCTED BY THE
INVIGILATOR.
This question paper contains 4 pages
1
SECTION A
Ans wer ALL questions in this section
1.
(b)
(a)
(i)
Express 0.375 as a fraction in its simplest form.
2 Marks
(ii)
Express
(iii)
Write 4.2775
(iv)
Increase 476.2 by 18%. Give your answer to the nearest whole
number.
3 Marks
as a percentage.
1 Mark
as a decimal fraction.
1 Mark
Without using a calculator, and showing all the steps in your calculations, find the
value of the following: (express your answer in the lowest term).
(i)
4¾
½
4 Marks
(ii)
3 Marks
(TOTAL : 14 MARKS)
2.
(a)
Complete the following table:
binary
base 2
101101
octal
base 8
a
decimal
base 10
b
hexadecimal
base 16
c
d
235
e
f
g
h
15
i
j
K
l
B
12 Marks
(b)
Simplify
4 Marks
(TOTAL : 16 MARKS)
3.
(a)
State five basic elements of a computer hardware system.
5 Marks
(b)
In most offices word processor has virtually replaced typewriters as a
means of producing documents.
Required:
State any five advantages of using word processor.
5 Marks
(TOTAL : 10 MARKS)
Continued/……
2
SECTION B
Ans wer THREE Questions ONLY from this section
4.
(a)
3kgs of apples and 2kgs of oranges cost K280, and1kg of apples and 4kgs
of oranges cost K260.
Required:
Calculate the cost of apples and that of oranges per kg.
(b)
10 Marks
KK Ltd will replace office machinery in three years time. It is assumed
that this exercise will cost K9.0m.
Required:
(i)
Calculate how much must be invested now, to buy this machinery
in three years’ time if the interest rate is 10% (assuming there will
be no withdrawals and that interest earned in each year will be
re-invested).
5 Marks
(ii)
Assume the price of the machinery increases by 8% in the third
year.
Required:
Calculate how much additional money must be invested at the
beginning of the third year in order to pay the increased price.
5 Marks
(TOTAL : 20 MARKS)
Continued/……
3
5.
(a)
Study the diagram below:
36m
28m
The diagram is a rectangular field which needs to be fenced with fencing
panels. Each panel is 2 metres long and costs K150. Posts must be
erected at each junction of the panels and each panel costs K75. A two
metre gate which costs K750 is to be placed instead of one fencing panel.
The posts are set inside the panels and take up no space on the perimeter.
It takes 30 minutes to erect a panel together with a post. It takes 45
minutes to erect a post and to hang the gate on it. Labour costs K125 per
hour.
Required:
(i)
(ii)
(iii)
(iv)
6.
How many panels and posts are required to fence the field?
4 Marks
What is the total material cost of panels, posts and gate? 4 Marks
What is the total labour cost to erect panels, posts and gate?
5 Marks
What is the overall cost of fencing the field?
1 Mark
(b)
Assuming the work must be completed in one day, how many workers
would be required if each worked 8 hours per day.
3 Marks
(c)
If the field is to be fertilized at a rate of 1.5kg per square metre, and the
fertilizer costs K90,000 per tonne (1 tonne = 1,000kgs), calculate the cost
of fertilizer required for the field.
3 Marks
(TOTAL : 20 MARKS)
(a)
(i)
A company purchased a machine for K1,250,000 and it is
depreciated by K125,000 per year using the straight line method.
Required:
Calculate the value of the machine after 5 years.
4 Marks
Continued/……
4
(iii)
The same company purchased a car for K1,000,000 and it is
depreciated by 15% per annum using the reducing balance
method.
Required:
Calculate the value of the car after 4 years.
7.
8 Marks
(b)
(i)
Mention two advantages and two disadvantages of bar coded
strips.
8 Marks
(TOTAL : 20 MARKS)
(a)
Mention any five points that should be considered when developing a
questionnaire.
10 Marks
(b)
Three men and four women are available to tackle a specific task which
requires two people. If two people are chosen at random for the task, find
the probability that there will be:
(i)
No men
3 Marks
(ii)
One man
4 Marks
(iii)
Two men
(give your answer in the simplest form).
3 Marks
(TOTAL : 20 MARKS)
END