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Commerce 2003 WAEC Past Questions

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16
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
  • A. N90,000
  • B. N60,000
  • C. N54,000
  • D. N36,000
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17
A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
  • A. N90,000
  • B. N60,000
  • C. N54,000
  • D. N36,000
View Answer & Discuss WAEC 2003
18
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
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19
Which of the following is an advantage of large scale retailing?
  • A. Decline in personal service
  • B. Pilfering
  • C. High overhead cost
  • D. One-stop shopping
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20
Which of the following is not a function of the retailing?
  • A. Buying in bulk and warehousing
  • B. Buying and selling in bits to consumers
  • C. Advising consumers on the right type of goods
  • D. Granting credits to customers
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