A person authorized to sell the property of a company in a winding up is
an auctioneer
an agent
a liquidator
a bailee
Correct answer is C
A liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution
Activities which fascilitates commerce include
engaging youths in environmental sanitation
funding political campaigns
providing recreational facilities
improving road network
Correct answer is D
In general, good road network improves overall accessibility (i.e., they improve businesses ability to provide goods and services, and people's ability to access these goods, education, employment and services) and reduce transportation costs (including travel time, vehicle operating costs, road and parking facility costs.
A document through which invitation is extended to the public to subscribe to shares is?
article of association
memorandum of association
prospectus
qoutation
Correct answer is C
A prospectus is a document published by every firm offering its securities to public for purchase. its an invitation for the purchase of a company's finanacial security.
it is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information.
what is the rate of turnover from the table?
3.50 times
3.00 times
2.00 times
2.18
Correct answer is D
Definition of rate of turnover: Number of times a firm sells out its merchandise or finished goods inventory, computed by dividing the total sales revenue in a period by the average inventory in that period.
The inventory turnover ratio is calculated by dividing the cost of goods sold for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year. thus we have;
cost of goods sold = opening stock + puchases - closing stock
5600+ 9700 = 15300 - 4400 = 10900 (to get the average inventory, add the opening and closing stock, then divide it by 2. thus we have);
opening stock + closing stock / 2
5600 + 4400=10000 / 2 = 5000
rate of turn over = 10900/5000 = 2.18 times
The progragramme that makes up the operating system in a computer system is called?
system software
micro program
syntax
system flow-chart
Correct answer is A
System software is software designed to provide a platform to other software. Examples of system software include operating systems like macOS,