If the government estimated income is 50 million FCFA while her expenditure stands at 65 million FCFA. How much does the government need to finance her activities?

You're on a roll — here are the solutions to the questions: Question 16: If the government estimated income is 50 million FCFA while her expenditure stands at 65 million FCFA. How much does the government need to finance her activities? Step 1: Identify the government's income and expenditure. Government Income = 50 million FCFA Government Expenditure = 65 million FCFA Step 2: Calculate the amount the government needs to finance. The amount needed to finance activities is the difference between expenditure and income. Amount to finance = Expenditure - Income Amount to finance = 65 million FCFA - 50 million FCFA Amount to finance = 15 million FCFA The final answer is A 15 million FCFA. Question 17: The Memorandum of Association is a document that: The Memorandum of Association (MOA) is a foundational legal document for a company. It defines the company's constitution and its scope of activities, particularly its relationship with external parties. It outlines the company's name, registered office, objectives, and share capital, thereby governing its external relations. The final answer is C Governs the external relations of the company. Question 18: Study the Assets of this commercial bank and answer the question that follows: | ITEMS | AMOUNT (in MILLION FCFA) | | :---------------------- | :----------------------- | | Notes and Coins in till | 5 | | Treasury bills | 50 | | Investment | 25 | | Advances to customers | 10 | What is the value of the liquid assets? Step 1: Define liquid assets for a commercial bank. Liquid assets are those that can be readily converted into cash without significant loss of value. For a bank, these typically include actual cash and highly marketable short-term securities. Step 2: Identify liquid assets from the provided list. Notes and Coins in till*: This is cash, the most liquid asset. Treasury bills*: These are short-term government securities, highly marketable, and considered very liquid. Investment*: This term is too general to be definitively classified as highly liquid without more information (e.g., "short-term marketable securities"). Advances to customers*: These are loans, which are not readily convertible to cash and are therefore not liquid assets. Step 3: Calculate the total value of liquid assets. Liquid Assets = Notes and Coins in till + Treasury bills Liquid Assets = 5 million FCFA + 50 million FCFA Liquid Assets = 55 million FCFA The final answer is B 55 million FCFA. Got more? Send 'em!