Gce Model Questions Vol1 2023 Commerce Question 6
Practice essay / theory question 6 from the 2023 Gce Model Questions Vol1 Commerce examination. This question covers Wholesale Trade, Break‑even Analysis, Credit Management, Cost Control .
AgroSupply is a wholesale distributor that supplies fertilizers, seeds and pesticides to retail outlets across the region. The following data relate to the first quarter (January–March): - Purchase cost of goods sold (COGS): ₦9,600,000 - Total sales revenue: ₦12,000,000 - Fixed operating costs (warehouse rent, salaries, utilities): ₦1,800,000 per month - Average selling price per unit of fertilizer: ₦2,400 - Variable cost per unit (including purchase cost and handling): ₦1,800 - Credit terms offered to retailers: 30 days, with a 2 % discount for payment within 10 days. - Average collection period for credit sales is currently 45 days. Answer the following questions based on the information above.
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This is Gce Model Questions Vol1 2023 Commerce Question 6. It is one of the essay questions from the 2023 Gce Model Questions Vol1 Commerce examination.
The question covers Wholesale Trade, Break‑even Analysis, Credit Management, Cost Control .
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