Mr Singh is a small-scale retailer. His cost of goods sold was $90000. His opening inventory was $10000 and closing inventory was $8000. What is his rate of inventory turnover?

During May, a fruit and vegetable shop has a turnover of $50000. The mark-up is 25% on purchases made mostly from who…

A trader buys goods worth $4000 and receives 20% trade discount and 10% cash discount. How much is the cash discount?

An overdraft is a suitable means of obtaining finance from a bank for

Which person is most likely to be employed in the public sector of a country?

Which statement explains why franchising is a popular way of starting a business?

A multinational is a company that