(d) A firm projects its profit to Ksh. 350 000 for the first month, Ksh. 700 000 for the second month, Ksh. 1 050 000 for the third month and so on. What will be the total projected profit
at the end of 1 ଵ
ସ
years? (3 marks)
(e) (i) A company wants to choose five men and six women to sit in the board. In how many
ways can this be done if the choice is made from seven men and nine women?
(2 marks)
(i) A company has 7 senior and 5 junior officers. An ad hoc legislative committee is to be
formed. In how many ways can a four-officer committee be formed so that it is
composed of at least two senior officers? (3 marks)
(f) A man borrows $5 400 from a bank and agrees to repay it by paying $ 300 per month to
reduce the loan and 1.5% of the unpaid balance each month for the use of the money. What
is the total cost of the loan over 18 months? (3 marks)
(g) Due to reduced taxes, a person has an extra $1,200 in spendable income. If we assume that
the person spends 65% of this on consumer goods, and the producers of these goods in turn
spend 65% on consumer goods, and that this process continues indefinitely. What is the
total amount spent on consumer goods to the nearest dollar? (3 marks)
(e) Find the range of the following:
(i) ݕ ൌ lnሺ2ݔ െ 3ሻ (3 marks)
(ii) ݕൌ݁√௫

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

As a project manager for a large construction company, shaun decided to make the performance appraisal process as painless as possible for his crew. he spent a considerable amount of time creating performance standards he felt were reasonable, and after six months' time, he scheduled individual appointments with each worker to discuss strengths and weaknesses and areas that needed improvement according to the standards he privately set. some employees were sent to vestibule training, and one even got a promotion with additional compensation. what did he fail to do correctly

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using: