Calculate the net payable amount for goods after applying trade discount, VAT, and cash discount, assuming initial price is P.

The trade discount is 10% of the initial price.

$$\text{Trade discount} = P \times 0.10 = 0.10P$$

The trade discount is $\boxed{\mathbf{0.10P}}$.

The commercial net is the price after the trade discount.

$$\text{Commercial net} = P - 0.10P = 0.90P$$

The commercial net is $\boxed{\mathbf{0.90P}}$.

VAT is 19.25% of the commercial net.

$$\text{VAT} = 0.90P \times 0.1925 = 0.17325P$$

The VAT is $\boxed{\mathbf{0.17325P}}$.

The cash discount is 2.5% of the commercial net, as per our assumption for the payment date.

$$\text{Cash discount} = 0.90P \times 0.025 = 0.0225P$$

The cash discount is $\boxed{\mathbf{0.0225P}}$.

The net payable is the commercial net minus the cash discount, plus the VAT.

$$\text{Net payable} = 0.90P - 0.0225P + 0.17325P = 1.05075P$$

The net payable is $\boxed{\mathbf{1.05075P}}$.

Question Six:

a) Briefly explain the following:

• i. Cash and carry wholesaler: A type of wholesaler where retailers or business customers visit the wholesaler's warehouse, select goods, pay in cash, and transport the goods themselves. This model reduces costs for the wholesaler by eliminating credit and delivery services.
• ii. Self-service: A method of service where customers serve themselves, typically by selecting products directly from shelves or performing tasks without direct assistance from staff. This is common in retail stores like supermarkets and petrol stations.
• iii. Registered post: A postal service that provides proof of mailing and delivery, offering a higher level of security for important or valuable items. The sender receives a receipt, and the recipient must sign upon delivery.
• iv. Passenger liner: A large ship primarily designed for transporting passengers across seas or oceans, often on scheduled routes. These vessels typically offer various amenities and services for the comfort and entertainment of travelers.

b) Explain four functions of BEAC:

Assuming BEAC refers to the Bank of Central African States (Banque des États de l'Afrique Centrale):

• Issuing currency: BEAC is responsible for issuing the common currency (CFA franc) for the member states of the Economic and Monetary Community of Central Africa (CEMAC).
• Monetary policy: It defines and implements the monetary policy for the CEMAC zone to ensure price stability.
• Banking supervision: BEAC supervises the banking system in the CEMAC zone to ensure its stability and soundness.
• Management of foreign exchange reserves: It manages the official foreign exchange reserves of the member states.