Government Practice Test – The Electoral Process


Hello and Welcome to Commerce Practice Tests - Business Capital and Profits

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible
  4. Your time starts NOW!
Full Name (Surname First)
Location (City/State)
email address:


An abridged version of a company’s income statement for 1993 contains the following information:

What was the company’s profit before taxes for 1993?

A. N 26.9 million         B. N 53.5 million       C. N 139.2 million       D. N 286.5 million



The capital owned is ________

A. N 2,740        B. N 1,350        C. N 1,150        D. N 570


The difference between total current assets and total current liabilities of a business is known as _______

A. quick ratio    B. liquidity ratio     C. working capital     D. circulating capital



Find the current ratio.

A. 0.50:1     B. 0.87:1     C. 1.53:1     D. 1.85:1


The term 4 net 7 on an invoice means that ______

A. 4% discount will be allowed on the price charged if payment is made within seven days
B. 4% discount will be allowed on the price charged if payment is made after seven days.
C. 4% surcharge will be made unless payment is made within seven days
D. 4% discount will be allowed on the price charged only if the goods are bought within seven days.


To submit your quiz and see your score/performance report; Make sure you supply your Full Name in the form above.




 



Online Learning and Assessment Portal for Nigerian and International Students
error: Content is protected !!