Jamb Commerce Past Questions and Answers

Question 296:

• JAMB 1998

Use the information above to answer this question
What is the ratio?

A. 2.95:1
B. 4.25:1
C. 4.75:1
D. 5,55:1

Question 297:

• JAMB 1998

The form of capital which is easily transferred into the form desired is known as?

A. Working capital
B. Liquid capital
C. Circulating capital
D. Capital employed

Question 298:

• JAMB 1998

If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?

A. 23.3%
B. 33.3%
C. 50.0%
D. 66.6%

Question 299:

• JAMB 1998

A machine which enable s sales without the physical presence of a sales attendant is a

A. Computer machine
B. Vending machine
C. Telex machine
D. Fax machine

Question 300:

• JAMB 1998

What document is required when a country imposes ad valorem import duties on goods?

A. A mail transfer
B. A shipping note
C. A billb of lading
D. A consular invoice