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Question 1:
The various criteria for evaluating a revenue measure or system are:
Required:
(a) Give a full explanation of each criteria.
(b) What is your favourite revenue measure? Why?
Question 2:
‘The budgeting process in low income countries tends to reflect historical trends rather than current priorities. The Medium Term Expenditure Framework (MTEF) is intended to overcome this.'
(a) Describe how the ‘Medium Term Expenditure Framework' is different to the current system of expenditure management in Mauritius.
(b) Show the factors that may make the implementation of MTEF difficult?
(c) Outline five benefits of MTEF that have been claimed.
State the concept of Overtrading Overtrading can result in insolvency which means companies have severe cash flow problems. This means that a thriving company, which may look v
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Case Study: Silicon Cliffs is a big private company that undertakes consultancy activities and services in the field of building construction. Silicon Cliffs has gained peoples
List a few types of non-price rationing systems. (a) Queuing. (b) Favored customers. (c) Rationing coupons.
A mortgage may be defined as a pledge of property to secure a debt payment; in this context, we will use the term property to mean real estate. If the
Q. Determine Cost of redeemable Debt? Cost of redeemable Debt: - Usually a company issues a debt which is redeemable subsequent to a certain period during its life-time. Such a
I nvitation of bids and bid publicity In previous sub section we learnt how the bid capacity for works and goods are calculated. We discussed how to prepare the bid documents,
Floating rate securities can be broadly divided into following two parts: Floating-rate securities that have constant quoted margin. Floating-rate sec
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TYPES OF DIVIDEND POLICY 1. Regular dividend policy: Payment of dividend at standard rate is known as regular dividend policy. 2. Stable dividend policy: Payment of fix
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