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Commerce 2025 WAEC Past Questions

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56

(ai) Madam Fana, the human resources manager of Baku limited, is due to start her annual leave. She wishes to assign one of
her assistants to perform her duties in her absence.
- Identify and explain the organizational principle on which Madam Fana has based her decision

(aii) Madam Fana, the human resources manager of Baku limited, is due to start her annual leave. She wishes to assign one
of her assistants to perform her duties in her absence.
- State four duties of Madam Fana in Baku limited

(bi) Explain the following management functions:

(bii) Explain the following management functions:

- Organizing

(biii) Explain the following management functions:
- Directing

(iv) Explain the following management functions:
- Controlling

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57

(a) What is economic grouping?

(bi) State three objectives of each of the following organizations:
- Lake Chad Basin Commission

(bii) State three objectives of each of the following organizations:
- ECOWAS

(biii) State three objectives of each of the following organizations:
- Niger Basin Commission

 

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58

(ai) Explain the following types of capital
- Authorized capital

(aii) Explain the following types of capital

(bi) The following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020

  D
Equipment 150000
Cash at bank 25000
Creditors 120000
Debtors 150000
Stock as at 1/03/20 30000
Motor Van 300000
Fixtures and fittings 40000
Overdraft 45000
Stock as at 31/03/20 25000

calculate:

- fixed assets;

(bii) The following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020

  D
Equipment 150000
Cash at bank 25000
Creditors 120000
Debtors 150000
Stock as at 1/03/20 30000
Motor Van 300000
Fixtures and fittings 40000
Overdraft 45000
Stock as at 31/03/20 25000

calculate:

- current liabilities;

(biii) The following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020

  D
Equipment 150000
Cash at bank 25000
Creditors 120000
Debtors 150000
Stock as at 1/03/20 30000
Motor Van 300000
Fixtures and fittings 40000
Overdraft 45000
Stock as at 31/03/20 25000

calculate:

- current assets;

(iv) The following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020

  D
Equipment 150000
Cash at bank 25000
Creditors 120000
Debtors 150000
Stock as at 1/03/20 30000
Motor Van 300000
Fixtures and fittings 40000
Overdraft 45000
Stock as at 31/03/20 25000

calculate:

- Working capital;

(v) The following records were extracted from the books of Bandin and Bachur Partnership as at March 31st, 2020

  D
Equipment 150000
Cash at bank 25000
Creditors 120000
Debtors 150000
Stock as at 1/03/20 30000
Motor Van 300000
Fixtures and fittings 40000
Overdraft 45000
Stock as at 31/03/20 25000

calculate:

- Average stock;

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