(a) Define marketing mix
(b) Explain the term marketing concept.
(c) List and describe the four elements of marketing mix.
(a) Explain seven functions of a commercial bank.
(b) Explain three types of accounts that are operated in a commercial bank.
(a) What is turnover?
(b) The following information relates to Mrs. Lulu, a trader.
| Goods | selling price N |
cost price N |
selling expenses N |
| Buckets Boxes Bournvita Lace material |
4,000 5,000 6,000 12,000 |
3,500 4,000 5,500 10,500 |
400 250 300 1,000 |
(i) Calculate the gross profit percentage on each item. (ii) Calculate the net profit on each item.
(a) Who is a common carrier?
(b) State three functions of each of the following communication agents:
(i) Post Office.
(ii) Telecommunication.
(iii) Courier companies.
(a) What is non-indemnity insurance?
(b) List and explain three types of life assurance policies.
(c) Explain the term surrender value.
(a) State three differences between:
(i) shareholders and debenture holders.
(ii) Ordinary shares and preference shares.
(b) Explain four reasons for winding up a public limited company.
(a) What is foreign trade?
(b) Explain four ways by which foreign trade is different from home trade.
(c) State five reasons why countries restrict foreign trade.
Ade Company Limited has an authorized capital of 80,000 shares of N20 each, out of which 30,000 shares have been fully subscribed by the public and allotted as at 31st March 2006. Other assets and liabilities were:
Creditors 35,000
Motor van 90,000
Buildings 65,000
Stock 60,000
Debtors 15,000
Cash 5,000
You are required to calculate:
(a) Issued capital
(b) Unissued capital
(c) Total Assets
(d) Working capital.
(a) Explain five functions of advertising.
(b) Explain three merits and two demerits of newspaper advertising.
(a) State six facilities a good seaport should have.
(b) In what four ways is transport important to commerce?
On June 17, 2006, Mr. Cham wrote an order cheque of M. Sumarch for D500 drawn on Standard Chartered Bank, Bakau
(a) State the drawer, the payee and the drawee from the above information.
(b) The cheque is crossed “Account Payee only” and “Not Negotiable”, Explain four effects of the crossing.
(c) State three advantages of payment by cheque.
Outline five objectives of each of the following:
(a) International Monetary Fund (IMF).
(b) European Economic Community (EEC).
(a) Amatco Ltd has an authorized capital of 6,000,000 ordinary shares of D5.00 per share. It issued 3,000,000 ordinary shares and all such shares were bought and paid for at D2.00 a share except 1,000 shares taken by Mr. Jones. Calculate the value of the: (i) authorized capital (ii) issued capital (iii) called-up capital (iv) paid-up capital.
(b) The following are the assets and liabilities of Morgan’s Ltd:
| N | |
| cash | 8,000 |
| Building | 81,000 |
| Creditors | 6,500 |
| sales returns | 12,000 |
| Debtors | 18,000 |
| Capital | 122,000 |
| Overdraft | 11,000 |
| Motor vehicle | 20,000 |
| sales | 50,000 |
| Net profit | 20,000 |
(a) List and explain four elements of a valid contract
(b) Explain four duties of an agent to the principal.
Differentiate between the following paired terms:
(a) Trade discount and cash discount
(b) Branding and packaging
(c) Indemnity and compensation
(d) cash receipt and invoice
(e) Credit sales and hire purchase.
(a) What is balance of payments?
(b) List and explain six methods used in correcting an adverse balance of payment.
(a) Explain five advantages of large scale retailing
(b) State five characteristics of each of the following:
(i) Department Stores
(ii) Supermarkets.
(a) Explain six functions of wholesalers to manufacturers
(b) State four problems that a cooperative society may likely face.
(a) Write the following abbreviations in full:
(i) C.O.D; (ii) C.I.F. (iii) F.O.B; (iv) E and O.E.
(b) The sale of a consumer good costing #100,000 attracts a cash discount of 5% and a quantity discount of 5%. You are required to calculate
(1) quantity discount value (ii) cash discount value (iii) net amount of money payable by the customer.
(a) State five factors that can affect the rate of turnover of a company.
(b) What is working capital?
(c) Explain four importance of working capital.
(a) Explain four functions of the stock exchange.
(b) Explain four ways by which the Central Bank regulates the activities of commercial banks.