bece model questions vol1 2019 business_studies | Practical

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Question 1 View Details
The weekly sales records of GreenLeaf grocery store for the first week of March are shown below. | Product | Quantity sold (units) | Selling price per unit (₦) | Cost price per unit (₦) | |--------------|-----------------------|----------------------------|--------------------------| | Rice | 350 | 250 | 180 | | Beans | 210 | 300 | 210 | | Cooking oil | 120 | 500 | 380 | Using this information, answer the following questions.
Question Parts
(a)
Calculate the total revenue earned by the store for the week.
(b)
Determine the gross profit for each product and the overall gross profit for the week.
(c)
Identify which product contributed the highest percentage to the total gross profit and give one recommendation to the manager based on this information.
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Question 2 View Details
You are the Office Assistant for TechNova Ltd. The company wishes to send a formal business letter to Alpha Enterprises requesting a quotation for 500 units of the new ‘EcoSmart’ gadget. In addition, the office manager has supplied a price list of supplies needed for the upcoming product launch. Supply price list: | Item | Quantity needed | Unit price (₦) | |--------------------|----------------|----------------| | Printer paper (500 sheets) | 1 pack | 120 | | Ink cartridge | 2 | 3,500 | | USB flash drive | 10 | 1,200 | | Stationery set | 1 | 2,800 | Prepare the required documents and calculations as instructed below.
Question Parts
(a)
Draft a complete business letter addressed to Alpha Enterprises requesting a quotation for 500 units of the ‘EcoSmart’ gadget. The letter must include a proper heading, date, reference, salutation, body, closing, and signature, and should not exceed 150 words.
(b)
Calculate the total cost of the supplies listed in the price list.
(c)
State two common errors made in business letters and explain briefly how each can be avoided.
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Question 3 View Details
A small retail shop, GreenLeaf Stores, intends to purchase 150 units of a new line of biodegradable tote bags from EcoPack Ltd. The unit price is ₦2,400. The supplier offers a 5 % discount on orders of 100 units or more and charges a value‑added tax (VAT) of 7.5 % on the net amount after discount. Shipping is charged at ₦1,200 per 50 units. GreenLeaf must prepare a purchase order that includes all required details and compute the total amount payable.
Question Parts
(a)
List the essential information that must appear on the purchase order before any calculations are made.
(b)
Complete the purchase order using the data provided. Show the filled‑in values for each field.
(c)
Calculate the total amount payable by GreenLeaf Stores. Show all steps, including discount, VAT and shipping charges.
(d)
Suggest two practical ways GreenLeaf could reduce the cost of this purchase without compromising quality.
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Question 4 View Details
A junior manager at Apex Textiles, Mrs. Ada, needs to request a quotation from a new fabric supplier, SilkWeave Co., for 2,000 metres of premium cotton fabric. She must write a formal email that follows business communication conventions and also consider possible communication barriers that could affect the request.
Question Parts
(a)
Draft the email that Mrs. Ada would send to SilkWeave Co. Include a suitable subject line, appropriate salutation, body, and closing.
(b)
Identify three potential barriers that could hinder clear communication in this email exchange.
(c)
For each barrier identified in (b), propose one practical strategy to overcome it.
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Question 5 View Details
A small business, GreenLeaf Enterprises, received its bank statement for the month of June from FirstBank Nigeria. The statement shows the following information: - Opening balance on 1 June: ₦120,000 - Deposits: * Sales receipts on 5 June: ₦45,000 * Loan received on 12 June: ₦30,000 * Cash sales on 25 June: ₦15,000 - Withdrawals: * Rent payment on 10 June: ₦20,000 * Utilities payment on 15 June: ₦8,000 * Purchase of inventory on 20 June: ₦25,000 * Salary payment on 28 June: ₦18,000 - Bank charges: * Monthly service fee: ₦2,000 * Transaction fee of ₦500 for each withdrawal (four withdrawals in total) - Interest rate: 2 % per month, calculated on the average daily balance for the month. In addition, the bank’s loan policy states that an applicant must have an average monthly cash surplus of at least ₦15,000 over the preceding three months. GreenLeaf’s cash surplus for the two previous months were: - April: ₦12,000 - May: ₦10,000 Using the information above, answer the following questions.
Question Parts
(a)
Calculate the closing balance at the end of June after accounting for all deposits, withdrawals, interest earned and bank charges.
(b)
State the amount of interest earned for the month.
(c)
Determine the minimum cash surplus GreenLeaf must generate in June to satisfy the bank’s loan requirement.
(d)
Suggest two practical measures GreenLeaf could adopt to increase its cash surplus and briefly explain how each measure would help.
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