Commerce

What is the cost of good sold?

Given Opening stock 50,000 Purchases 200,000 Sales 350,000 Closing stock 80,000 A. N200,000 B. N190,000 C. N170,000 D. N175,000 Correct…

5 years ago

Calculate the value of the unused stock?

Opening stock 1800 Purchases 2800 Sales 800 Closing stock 800 Carriage on sale 500 A. N320 B. N350 C. N500…

5 years ago

The principle of subrogation stated that?

A. An insured person should be indemnified to the time of the amount insured B. An insurance company constant in…

5 years ago

Musa obtains wool from his sheep; spins and transform it into cloth which he sells to consumers, this is a form of?

A. Vertical integration B. Horizontal integration C. Forward Integration D. Background integration Correct Answer: Option A - Vertical integration Explanation…

5 years ago

The term 4 net 7 on an invoice means that?

  A. 4% surcharge will be made unless payment is made within seven days B. 4% discount will be allowed…

5 years ago

The business environment that takes into cognizance the age distribution ethnic mix and educational level of the consumer is?

A. Natural Environment B. Cultural environment C. Economic environment D. Demographic Environment Correct Answer: Option D - Demographic Environment Explanation…

5 years ago

The document issued to a port authority when a good are deposited is a?

A. dock warrant B. Dock landing account C. Ball of sight D. Bill of landing note Correct Answer: Option A…

5 years ago

A bond which attracts interest but leaves the capital repaid is referred to as?

A. A redeemable bond B. An irredeemable bond C. A development bond D. A long-term loan Correct Answer: Option B…

5 years ago

What is the company authorized share authorized share capital?

Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of…

5 years ago

The circulating capital of a business enterprise is classified into?

A. Cash, work-in-progress and debtors B. Cash, Vehicles, land and building C. debtors, stocks of raw materials and fitting D.…

5 years ago