THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2013 EXAMINATIONS CERTIFICATE IN FINANCIAL ACCOUNTING PROGRAMME
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1 EXAMINATION NO. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2013 EXAMINATIONS CERTIFICATE IN FINANCIAL ACCOUNTING PROGRAMME PAPER FA 2: PRACTICAL MATHEMATICS & COMPUTING TUESDAY 26 NOVEMBER 2013 TIME ALLOWED: 3 HOURS 9.00 AM 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 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
2 1 SECTION A Answer ALL questions in this section 1. (a) Without using a calculator, find the value of the following, showing all the steps in your calculations: (i) 5 Marks Express as: (i) a fraction in its simplest form. 1 Mark a percentage. 2 Marks (iii) a decimal. 1 Mark (c) A car consumes 1 litre of petrol for every 15 kilometres travelled and the price of petrol is K per litre. Calculate the cost of petrol to travel 285 kilometres. (Express your answer to the nearest Kwacha). (TOTAL : 15 MARKS) 2. (a) Evaluate: 6 Marks If k = -4, m = -3 r = 5 Evaluate: 6 Marks (c) Solve the following equation: (TOTAL : 15 MARKS)
3 2 3. State whether the following devices in a computer environment are input, output or storage: (i) Keyboard 1 Mark Kimball tag 1 Mark (iii) Light pen 1 Mark (iv) Optical Character Recognition (OCR) 1 Mark (v) Hard disk 1 Mark (vi) Computer Output on Microform (COM) 1 Mark (vii) Ink-jet 1 Mark (viii) Monitor 1 Mark (ix) Memory stick 1 Mark (x) Magnetic Ink Character Recognition (MICR) 1 Mark (TOTAL : 10 MARKS) SECTION B Answer THREE Questions ONLY from this section 4. (a) State any five factors that need to be considered when buying an application package. 10 Marks An inspection carried out on 300 kettles manufactured by two companies (company x and company y) found that 30 were faulty. Of the 150 kettles inspected that were manufactured by x, 10 were found to be faulty. In contrast, 20 out of 150 inspected kettles manufactured by company y were found to be faulty. If one kettle is randomly selected from these 300 kettles, find the probability that the kettle is: (i) Manufactured by company y. 2 Marks Faulty 2 Marks (iii) Not faulty and manufactured by company y. 4 Marks (iv) Manufactured by company x given that it is faulty. 2 Marks (give your answer in simplest form)
4 3 5. (a) What is a computer network? Apart from a computer, list any three other components that are required for a local area network (LAN) to function. (c) State any three advantages of using a network. 6 Marks (d) Draw a network representing the following network structures: (i) Star 2 Marks Bus 2 Marks (iii) ring/loop 2 Marks (iv) mesh 2 Marks 6. The following data shows number of days taken by ten (10) CFA students to complete a PMC assignment Calculate the: (a) mode 1 Mark median 1 Mark (c) mean 2 Marks (d) range 2 Marks (e) standard deviation of days taken by the ten (10) students to complete the assignment. 14 Marks
5 4 7. (a) A food retailer purchases rice at a cost of K160 per kg and sells it at K360 per kg. (i) Calculate the gross profit received as a % of the selling price. 2 Marks If the retailer offered 10% discount on the selling price, what would be the new selling price of the rice? (Give your answer to two decimal places). A businessman has K150,000 to invest in a local bank which pays a compound interest of 5% per year. (i) Calculate the total compound interest earned on the invested amount after 6 years. (Give your answer to the nearest Kwacha). 6 Marks Calculate the extra interest that would be earned if the same interest (5%) was compounded monthly instead of annually. (Give your answer to the nearest Kwacha). 9 Marks E N D
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