COMMERCE 101

TYPES OF WHOLESALERS

Hey Everyone, How is your week so far. The Month of April is beautiful isn't it? LOLZ, Yes it is. Well may you experience all the Goodness of God for this month in Jesus name- Amen.

Today we are continuing where we stopped last week with the above mentioned topic, so let's get started.

Wholesalers can be classified into two broad categories namely:

1. MERCHANT WHOLESALERS- They buy and resell goods on their own account, taking title of the products they handle and conveying the title directly to those they deal with.

FUNCTIONS OF MERCHANT WHOLESALERS:

a. They undertake the storage of Goods.

b. They provide Delivery Services.

c. They arrange credit loans.

d. They provide Promotional Services.

TYPES OF MERCHANT WHOLESALERS:

a. SPECIALIST WHOLESALERS- They are wholesalers who restrict their services to a particular trade and area of their specialization.

b. CASH AND CARRY WHOLESALERS- They are wholesalers that don't offer Credit Facilities nor Delivery Services to their Customers. They expect their Retailers to pick their Orders, Pay Cash and Carry their Purchases.

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ECONS 101

RELATIONSHIP BTW PRODUCTION POSSIBILITY CURVE & OPPORTUNITY COST

Hi Everyone, Happy New Week to you all. It's another opportunity to learn and grow and generally become better at what we already know or what we have an idea of. So let's get started...

We are continuing from where we stopped last time.

Interpretation/ Points to Note from the Graph:

  Points A to F on the graph indicate efficient use of resources.

  At Points O  & P (Outside the curve), production is not feasible. Production at these points are not feasible due to the limited resources and technology.

  At points K & L (Inside the curve), production is feasible. It represents where resources are not efficiently utilised.

 The downward slope of the PPC indicates that there is an opportunity cost of producing more of one type of commodity and less of the other due to limited resources and technical know-how.

RELATIONSHIP BTW PRODUCTION POSSIBILITY CURVE & OPPORTUNITY COST

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FINANCIAL ACC 101

QUESTIONS ON PREVIOUSLY TREATED TOPICS

Hey Everyone, Happy New Week. We are on a Series and our aim is to treat National Exam Questions on the Topics we have treated here, in other to further be perfect if possible in those topics. So Let's Go!!!

QUESTION:

Koffi is a dealer in general merchandise. The following are his transactions for the month of June 2002.

June 1: Sold goods to Mensah N20, 000 less 10% Trade Discount.

June 4: Purchased from Kwesi the following:

200 Iron rods at N20 each

100 Fillers at N30 each

Invoice subject to 10% Trade Discount.

June 6: Purchased from Asante Ltd, 10 bottles of gin at N30 each.

June 7: Returned 60 Iron rods purchased on 4th June, to Kwesi.

June 9: Sold the following to Kojo:

300 Bags of Cement at N15 each, less  15% Trade Discount

150 Tins of Target at N10 per tin.

June 18: Kojo returned 10bags of cement bought on the 9th of June.

June 20: Sold to Jones: 80 Iron rods at N50 each, 10Bags of Cement at N16 each, 250 Fillers at N35

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