Correct Answer: C. epilogue

Correct Answer: A. it is easy to prepare the final account

Explanation

(a) Characteristics of a limited liability company are:

(i) The liability of the owners is limited to their investment in the company.

(ii) The company is a legal entity; as a result, it can sue and be sued.

(iii) The affairs of the company is managed by Board of Directors as ownership is separated from management.

(iv) In case of liquidation, the company's assets will be used to settle debts.

(v) The company's authorized capital is divided into shares.

(vi) The affairs of the company are governed by memorandum and article of association, formation or incorporation.

(vii) Dividend is based on the number of shares owned/Return on investment is called dividend.

(viii) The shares are quoted on the stock exchange in case of Public Limited Company while the shares are not quoted in case of Private Limited Company.

(ix) The company must have a registered office.

(x) Death of a shareholder will not lead to the end of the company.

(xi) The owners are called shareholders.

(b) Sources of funds to a public limited company are:

(i)Debentures: This is a loan which had security backing it up. Debenture holders are creditors.

(ii)Retained Earnings: Companies may decide not to distribute all their profits as dividend so that they can plough back the money for growth.

(iii)Leasing: This is a method of buying equipment through a company/bank. The bank will buy the equipment in its own name and lend the equipment out for lease or rent.

(iv) Trade Credit: This is a process of buying items for sale on credit from suppliers.

(v) Borrowing from Banks could be through loans or overdraft.

(vi) Factoring of debt: This is the process of companies selling off their debts for cash now.

(vii) Raising of funds from the Capital Market/Selling of shares.

(viii) Selling of company's asset: A company can sell any of its assets to raise funds.

Explanation

(a) Total cost 180 x 250

=N45,000.00

Total selling price = 300y + (180-y) x 250 x \(\frac{95}{100}\)

300y + 42750 -237.5y

= 62.5y + 42750

Profit = 62.5y + 42750 -4500

7125 = 62.5y - 2250

9375 = 62.5y

y = 150

(b)) Profit = \(\frac{x^2}{20} - 33x\) (24x+ 103)

9x - \(\frac{x^2}{20}\) - 103

(ii) Cost = 24(20) +103 = 583.00

Selling Price =33(20) - \(\frac{20^2}{20}\) = 640

Percentage profit = \(\frac{640-583}{583}\) x 100%

= 9.78%

Correct Answer: A) 5%

Correct Answer: A. articles of association

Explanation

The Articles of Association (AoA) is a document that defines the purpose of a company and specifies the regulations for its operations. It states the internal affairs of the company like share of profit. capital contributed, rights of different classes of shares.

Correct Answer: B) Lokoja

Explanation

The correct answer is Option B, Lokoja. Therefore, Paparada Square is located in Lokoja. The other options are incorrect. Ilorin is a city in Kwara State, Kaduna is a city in Kaduna State, Lagos is a city in Lagos State, and Sokoto is a city in Sokoto State. It is important to know the location of different public places and landmarks in our country.

Knowing the location of Paparada Square may also be important for those who reside or plan to visit Lokoja or the Kogi State. Understanding the geography and history of a place can help us appreciate and relate better to our surroundings.

Correct Answer: A. high-pitched

Correct Answer: D. copper

Correct Answer: C. \(Cl_2\)

Explanation

In \(Cl_2\), the two chlorine atoms are identical and have the same electronegativity. Since both atoms have the same electronegativity, the electrons in the covalent bond are shared equally, resulting in a non-polar covalent bond. The molecule does not have a significant separation of charge and lacks a permanent dipole moment.