Financing Business - Jamb Commerce Past Questions and Answers

Question 71:

• JAMB 2009

The circulating capital of a business enterprise is classified into?

A. Cash, work-in-progress and debtors
B. Cash,vehicles, land and buildings
C. Debtors , stock of raw materials and fittings
D. Pre-payments, debtors and equipment

Question 72:

• JAMB 2009

if a firm has a turnover of N50 000 and the cost of goods sold is N40 000, what is the percentage of gross profit on sale?

A. 30.5%
B. 20.5%
C. 20.0%
D. 10.0%

Question 73:

• JAMB 2009

10% IS CHARGED ON DEPRECIATION OF FIXED ASSETS
Determine the value of Ojo's fixed assets

A. N 14450
B. N13450
C. N13005
D. N12005

Question 74:

• JAMB 2010

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

A. N60,000
B. N36,000
C. N54,000
D. N90,000

Question 75:

• JAMB 2011

The major source of income to commercial banks is?

A. Tourism
B. Banking
C. Communication
D. Transportation