Commerce Past Questions and Answers

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

what is the average stock

A D12,000
B D7,000
C D6,000
D D5,000

Question 2082:

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

What is the cost of goods sold

A D55000
B D42,000
C D32,000
D D28,000

Question 2083:

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

What is the rate of stock turnover.

A 11 times
B 6 times
C 4.7 times
D 4 times

Question 2084:

which of the following is a source of short term capital.

A Trade credit
B Shares
C Leasing
D Debenture

Question 2085:

The most suitable channel for the sale of an aircraft is?

A Manufacturer-wholesaler-retailer-consumer
B Manufacture-wholesaler-consumer
C Manufacturer - retailer - consumer
D Manufacturer - consumer