Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Cum div differs from ex div in that, the later
entitles the purchaser to recieve a company's current dividend
entitles the vendor to recieve a company's current dividend
confirms a purchase or sale made on behalf of a share holder
is a document used to transfer ownership of shares
Correct answer is A
Cum dividend is the status of a security when a company is preparing to pay out a dividend at a later date. The seller of a stock cum dividend is selling both the right to the share and the right to the next dividend distribution.
The ex-dividend date of a stock is the day on which the stock begins trading without the subsequent dividend value.
A document sent by a broker to his client to confirm a purchase or sale made on his behalf is
delivery note
consignment note
transfer form
contract note
Correct answer is D
Contract note is the legal record of any transaction carried out on a stock exchange through a stock broker.
An agent who transacts business with the broker in the stock exchange is a
stag
bull
del credere
jobber
Correct answer is D
Jobbers and brokers both play a role in stock sales and purchases, but they're involved in different stages of the process.
A form of money with face value which is greater than the value of the metal content is
legal tender
bank notes
token money
commodity money
Correct answer is C
Token Money; is money where the face value of notes or coins is unrelated to the value of the material of which they are composed.
the difference between gross profit and trade expenses
the different between gross profit and net sales
sales less cost of sales including sales returns
opening stock add purchases less closing stock
Correct answer is A
Net profit is the actual profit after working expenses not included in the calculation of gross profit have been paid. It is the difference between gross profit and expenses. e.i gross profit - expenses