1. A firm sale a product whose data in two periods is as follows.

Assume that the price, unit variable cost and fixed costs are the same in the two periods.

Required

i. Determine the fixed costs.

ii. Determine the breakeven sales revenue.

2. Find the future value of an ordinary annuity of Sh. 35,000 at a compounding rate of 6 % per annum after 9 years.