Which of the following gives the correct order in which the listed documents are used?
- A. debit note, order, delivery note, invoice and statement
- B. order, delivery note, invoice, debit note and statement
- C. statement, order, invoice, delivery note and debit note
- D. invoice, order, statement, debit note and delivery note
RRF as a scheme introduced by the central bank of Nigeria means
- A. recording and Rediscounting Facility
- B. refinancing and Recording Facility
- C. refinancing and Rediscounting Facility
- D. refinancing and Reinvesting Facility
RRF as a scheme introduced by the central bank of Nigeria means
- A. recording and Rediscounting Facility
- B. refinancing and Recording Facility
- C. refinancing and Rediscounting Facility
- D. refinancing and Reinvesting Facility
Most foreign trade transaction are paid for through the use of
- A. central bank cheques
- B. bank drafts drawn by commercial banks on their foreign branches
- C. irrevocable and confirmed letters of credit
- D. letters of credit authenticated by the embassies of the respective countries
Most foreign trade transaction are paid for through the use of
- A. central bank cheques
- B. bank drafts drawn by commercial banks on their foreign branches
- C. irrevocable and confirmed letters of credit
- D. letters of credit authenticated by the embassies of the respective countries
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
- A. customs draw back
- B. export royalty
- C. incentive
- D. export rebate
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
- A. customs draw back
- B. export royalty
- C. incentive
- D. export rebate
In the channel of distribution, which of the following sets is entirely made up of middlemen?
- A. Wholesalers, retailers and agents
- B. Manufacturers, consumers and retailers
- C. Wholesalers, agents and consumers
- D. Retailers, manufacturers and wholesalers
In the channel of distribution, which of the following sets is entirely made up of middlemen?
- A. Wholesalers, retailers and agents
- B. Manufacturers, consumers and retailers
- C. Wholesalers, agents and consumers
- D. Retailers, manufacturers and wholesalers
Given:
Opening stock 40 000
Purchases 115 000
Closing stock 60 000
Sales 250 000
What is the cost of goods sold?
- A. N 155 000
- B. N 95 000
- C. N 50 000
- D. N 30 000
Profit that is expressed as a percentage of the cost of goods sold is referred to as
- A. margin
- B. mark-up
- C. gain percent
- D. gross profit
Profit that is expressed as a percentage of the cost of goods sold is referred to as
- A. margin
- B. mark-up
- C. gain percent
- D. gross profit
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
Rights issue means the
- A. issue of shares to the directors of a company on favourable terms
- B. Issue of shares by a company only to the founders of the company
- C. right of shareholders to vote on any issue
- D. issue of shares to shareholders on favourable terms
The financial index which compares current assets directly with current liabilities is known as current
- A. turnover
- B. capital
- C. ratio
- D. balance
The financial index which compares current assets directly with current liabilities is known as current
- A. turnover
- B. capital
- C. ratio
- D. balance
Factoring is a trade debt term used when the agent buys all the trade debts of the
- A. importers
- B. exporters
- C. nation
- D. customers
Factoring is a trade debt term used when the agent buys all the trade debts of the
- A. importers
- B. exporters
- C. nation
- D. customers
A public limited company can raise long-term loans through
- A. the capital market
- B. the money market
- C. bank overdrafts
- D. discount houses