Financing Business - Jamb Commerce Past Questions and Answers

Question 66:

• JAMB 2008

The cheapest source of funds available to a company is through?

A. The sale of shares
B. Retained profits
C. The sale of bonds
D. Lease financing

Question 67:

• JAMB 2008

Use the information below to answer question 14 and 15.
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.
What is the company's reserve share capital?

A. N2500 000
B. N4000 000
C. N5000 000
D. N2000 000

Question 68:

• JAMB 2008

The components of capital employed in a business are?

A. Owners' equity and long-term debts
B. Total assets and current liabilities
C. Share capital and long-term debts
D. Share capital and current liabilities

Question 69:

• JAMB 2008

Determine the company's reserve share capital?

A. N2500 000
B. N1000 000
C. N1500 000
D. N2000 000

Question 70:

• JAMB 2009

If a buyer is given 12.5% discount on N50,000 worth of goods, how much will he pay?

A. N56 250
B. N43 750
C. N43 250
D. N6250