WAEC Past Questions and Answers - Page 1174

5,866.

Which of the following ratios measure the ability of a firm to meet short-term obligations?

A.

Net profit margin

B.

Quick asset ratio

C.

Turnover

D.

Creditors ratio

Correct answer is B

No explanation has been provided for this answer.

5,867.

Forces 50N and 80N act on a body as shown in the diagram. Find, correct to the nearest whole number, the horizontal component of the resultant force.

A.

13N

B.

43N

C.

57N

D.

95N

Correct answer is A

Given a force F, the horizontal component = \(F\cos \theta\)

R = \(-50\cos 30 + 80\cos 45\)

= \(-50(\frac{\sqrt{3}}{2}) + 80(\frac{\sqrt{2}}{2})\)

= \( -25\sqrt{3} + 40\sqrt{2} = -43.30 + 56.67 \)

= \(13.37N \approxeq 13N\)

5,868.

The correct order of liquidity is

A.

Stock, debtors, prepayments and cash

B.

Cash, payments, debtors and stock

C.

Stock, cash, debtors and preyaments

D.

Debtors, stock, cash and prepayments

Correct answer is A

No explanation has been provided for this answer.

5,869.

When both debit and credit entries of a transaction are shown in the cash book, it is described as

A.

Contra entry

B.

Reversal entry

C.

Double entry

D.

Single entry

Correct answer is A

No explanation has been provided for this answer.

5,870.

A committee consists of 5 boys namely: Kofi, John, Ojo, Ozo and James and 3 girls namely: Rose, Ugo and Ama. In how many ways can a sub-committee consisting of 3 boys and 2 girls be chosen, if Ozo must be on the sub-committee?

A.

35

B.

30

C.

18

D.

12

Correct answer is C

Since Ozo is a boy and must be in the sub-committee, we have 2 spaces for the boys and 2 for the girls.

= \(^{4}C_{2} \times ^{3}C_{2} \)

= \(\frac{4!}{(4 - 2)! 2!} \times \frac{3!}{(3 - 2)! 2!} = 6 \times 3 = 18\)