Explanation

(a) Fixed Assets: Premises 20,000 Machinery 20,000 Plant 30,000 #70,000

(b) Working Capital =Current Assets - Current Liabilities

Current Assets: Cash 20,000 Debtors 30,000 Stock 50,000 100,000

Current Liabilities: Creditors 20,000

Working Capital = CA - CL = 100,000 - 20,000 = 80,000.

(c) Gross Profit = Sales - Cost of goods sold 200,000 - 100,000 = #100,000

(d) Net Profit = Gross Profit - Expenses (Rent) = 100,000 - 10,000 = #90,000

Correct Answer: D. issue debentures

Explanation

The roles of transport to business men are:

(i)It transfers goods from one part of the world to another.

(ii) It also helps to develop direct trading between manufactures and retailers.

(iii) Transport helps the development of many industries.

(iv) It leads to market expansion.

(v) It adds value to products.

(vi) Transport offers employment opportunity.

(vii) Transport moves people to and from work.

(i) The following are the characteristics of tramp vessels:

(i) They are sometimes described as unspecialized general purpose ships.

(ii) Tramp vessels have no fixed routes or scheduled sailing times.

(iii) Tramp shipping rates are usually fixed.

(iv) They do not carry cargoes in parcels but prefer to deal with bulk cargoes.

(v) Tramp vessels are frequently employed on a charter basis i.e. by importers or exporters on either a time or voyage charter.

(vi) Some of the smaller tramps are particularly useful for visiting small, inadequately equipped ports to collect cargoes of timber, ore etc.

(vii) They operate as sea taxis.

(ii) Characteristics of tramp vessels are:

(i) Ocean liners act as passenger liners, passenger cargo liners, and cargo liners, ranging from say 10,000 to 50,000 gross tonnage or more.

(ii) They maintain a regular service, i.e. at advertised times between specified ports, and at scheduled freight charges.

(iii) Their freight charges are normally fixed by the shipping companies themselves.

(iv) Cargoes may vary from comparatively small but valuable cargoes to the more bulky cargoes of the cargo-liners.

Correct Answer: A. government

Correct Answer: B) brokerage

Explanation

Option A: Dealing. This refers to the act of buying and selling stocks. So, it is one of the activities that take place in the stock exchange, but it is not the main characteristic.

Option B: Brokerage (Correct). This refers to the role of stockbrokers who help investors buy and sell stocks. They act as intermediaries between buyers and sellers. Brokerage is a key characteristic of the stock exchange because it facilitates the trading of stocks.

Option C: Speculations. This refers to buying or selling stocks based on predictions of future price movements, rather than on the company's actual value. While speculation does happen in the stock exchange, it is not the main characteristic.

Option D: Transactions. This is a general term that can refer to any buying or selling activity. While transactions do occur in the stock exchange, it is not the main characteristic.

Therefore, the correct answer is Option B: Brokerage. It represents the key activity that takes place in the stock exchange, where stockbrokers help investors buy and sell stocks.

Explanation

a) Capital market deals essentially with lending and borrowing long term loans. Its members include stock exchange, mortgage banks, insurance firms, bank of industry, Agric bank, Development banks etc.

(b) A bank may dishonour a cheque if the following happen:

(i) When payment is stopped by owner before encashment

(ii) When a postdated cheque is presented earlier than the date written on it.

(iii) When the cheque is more than six months from the date written on It.

(IV) When the bank has notice of the death of the drawer before the cheque is presented.

(v) When the court declares the drawer bankrupt before the cheque is presented.

(vi) When the signature on the cheque differs from the one on the signature card at the bank / irregular signature.

(vii) When there are not enough funds in the drawer's account to cover the sum stated on the cheque.

(viii) When there is an alteration on the cheque and the alteration is not initialed by the drawer

(ix) When the cheque is defaced or torn.

(x) When the amount stated in words and figures disagree.

(xi)When the account of the drawer has been closed before the cheque is presented for payment.

(xii) When the cheque is not dated.

(xiii) When there is a notice that the customer is insane.

Correct Answer: A. faster and more accurate manner

Correct Answer: C. terms of trade

Correct Answer: B. contribution

Correct Answer: C. capital appreciation