WAEC Commerce Past Questions & Answers - Page 193

961.

The rate of turnover of a company in a given year is 4 times while the average stock is N12,4OO. What is the turnover of the company?

A.

N49,600

B.

N24,800

C.

N6,200

D.

N3,100

Correct answer is B

No explanation has been provided for this answer.

962.
963.

In which of the following do shareholders always vote according to their shareholdings?

A.

Partnership

B.

Cooperative society

C.

Public limited company

D.

Public corporation

Correct answer is B

No explanation has been provided for this answer.

964.

If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?

A.

75%

B.

40%

C.

33%

D.

25%

Correct answer is D

No explanation has been provided for this answer.

965.

The total amount of money actually received by a company out of the issued capital is?

A.

paid - up capital

B.

unissued capital

C.

reserved capital

D.

called-up capital

Correct answer is D

No explanation has been provided for this answer.