by Sunday | Mar 14 | Commerce WAEC
Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 A. 11 times B. 6 times C. 4.7 times D. 4 times Correct Answer: Option C C. 4.7 times Explanation How to calculate inventory turnover? Determine the...
by Sunday | Mar 14 | Commerce WAEC
Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 A. D55000 B. D42,000 C. D32,000 D. D28,000 Correct Answer: Option D D. D28,000 Explanation cost of goods sold.= opening stock + purchases –...
by Sunday | Mar 14 | Commerce WAEC
Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000 A. D12,000 B. D7,000 C. D6,000 D. D5,000 Correct Answer: Option C C. D6,000 Explanation Average stock = opening stock + closing stock divided by 2...
by Sunday | Mar 14 | Commerce WAEC
A. capital B. labour C. exchange D. entrepreneurship Correct Answer: Option C C. exchange Explanation Land (which includes land itself as well as other natural resources and phenomena — water, forests, fossil fuels, weather, etc.), Labour (the human work necessary to...
by Sunday | Mar 14 | Commerce WAEC
A. extractive industry B. service occupation C. commercial occupation D. the manufacturing industry Correct Answer: Option D D. the manufacturing industry Explanation The term may refer to a range of human activity, from handicraft to high tech, but is most commonly...