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Land as a factor of production does not vary in
The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as
The type of activity which turns processed raw materials into consumer and industrial goods is described as
Current account holders withdraw money through
The duties paid on goods produced locally is
The part of the computer that has the capacity to interpret instruction is
An example of extractive occupation is
Factors considered when setting up a retail business is one of the following
Which is the fastes means of transportation?
An advantage of division of labour is
The fees charged on postal order by the post office is
A major function of chamber of commerce is
The rate where a country's exports exchange for its imports is called
A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as
The function of commerce in relation to production is
| ₦ |
₦ |
||
|
Stock 1/1 |
20,000 | Net sales | 370,000 |
|
Add purchases |
250,000 | ||
|
Cost of goods available for sale |
270,000 | ||
|
Less stock 31/12 |
40,000 | ||
|
Cost of goods sold |
230,000 | ||
|
Rent expenses |
35,000 |
Calculate the net profit
| ₦ |
₦ |
||
|
Stock 1/1 |
20,000 | Net Sales | 370,000 |
|
Add purchases |
250,000 | ||
|
Cost of goods available for sale |
270,000 | ||
|
Less stock 31/12 |
40,000 | ||
|
Cost of goods sold |
230,000 | ||
|
Rent expenses |
35,000 |
Find the gross profit
An example of a cartel is
An announcement of a person's willingness to enter into a contract is referred to as
At the collapse of a business enterprises, the person appointed to dispose off the assets is called