QUIZES ON BUSINESS FINANCING

The form of business financing which involves pledging of a specific asset is

The turnover of firm maybe affected by

The form of capital which is easily transferred into the form desired is known as?

If a firm’s turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?

Emeka ordered goods for his retail shop. The manufacturer sells the goods at retail price of N 500 but would give it to Emeka at N 400. What kind of discount did he get?

Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.
after paying the debts of aboki Plc, the balance goes to?

Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.
Babalawee is ___________?

A company which issues a promissory note in lieu of payment for goods purchased

The share capital value that forms part of the balance sheet total is the