Digital Trading Limited agreed to supply 200 computers to Mr. Konteh at the cost of D10,000 per computer. The company promised to deliver the machines within 30 days of the agreement.

(a)State four factors that may lead to the cancellation of the agreement.

(b) List and explain four essential elements of the agreement between Mr.Kontch and Digital Trading Limited.

Differentiate between deregulation and commercialization.

(b) The government of country Z wishes to sell its transport company

. (i)Name the policy that the government wishes to adopt

 (ii)Explain five reasons which could have necessitated the government's course of action.

The following information was extracted from the books of XYZ Ventures as at 31st June 2023.

Opening stock             200,000

Closing stock              100,000

Salaries and wages    120,000

Purchases                 900,000

Shop rent                  150,000

30% profit was made on cost of goods sold.

You are required to calculate:

(a) cost of goods sold

(b)gross profit

 (e)total sales

 (d) net profit

 (e) rate of turnover.

Goods are usually classified into

The transfer of ownership of government business to individuals is