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When a share with a nominal value of N50 is quoted at N70, it is being sold
One of the functions of a trade association is to
A cheque is specially crossed if
A document used to ensure correct payment of duty at the importing country is
Central banks sell treasury bills to the public to
Which of the following is not a characteristic of a commercial bank?
Dealers in the stock exchange such as bulls, bears and stags are categorized as
The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is.
The incentive given to a buyer to encourage prompt payment is
A document that instructs an agent to buy goods from a named firm is
One of the functions of commercial banks that cannot be performed by central banks is
The quality of money which makes it possible to buy goods in small quantities is
A country's visible balance of payment is made up of
A retail store that sells a single product from a particular manufacturer is a
Which of the following groups would advocate for the supply of constant electricity to households?
A partner who contributes only his name to the formation of a partnership is
Sales ----------------------------------- #50,000
Debtors -------------------------------- #10,000
Cash-in-hand --------------------------#5,000
Opening stock -------------------------#30,000
Creditors ------------------------------- #8,000
Purchases ----------------------------- #16,000
Overdraft ------------------------------- #12,000
Closing stock -------------------------- #10,000
Calculate the gross profit.
Use the information below to answer question 13 and 14
| # | |
| Sales | 50,000.00 |
| Debtors | 10,000.00 |
| Cash-in-hand | 5,000.00 |
| Opening stock | 30,000.00 |
| Creditors | 8,000.00 |
| Purchases | 16,000.00 |
| Overdraft | 12,000.00 |
| Closing stock | 10,000.00 |
calculate the working capital.
An internal source of finance to an entrepreneur is
Which of the following documents would a shareholder inspect to know his voting rights?