Post Utme Uniosun 2024 Commerce Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_UNIOSUN • 2024 • COMMERCE • objective

A company has a cash balance of ₦100,000 and a bank overdraft of ₦50,000. If the company's cash discount is 2% and the bank's interest rate is 10%, what is the company's net cash position?

Answer Options

A. ₦120,000
Correct Answer B. ₦130,000
C. ₦140,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦130,000

About This Question

This is Post Utme Uniosun 2024 Commerce Question 33. It is one of the objective questions from the 2024 Post Utme Uniosun Commerce examination.

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