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Commerce 1995 JAMB Past Questions

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41
The financial index which compares current assets directly with current liabilities is known as current
  • A. turnover
  • B. capital
  • C. ratio
  • D. balance
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42
Rights issue means the
  • A. issue of shares to the directors of a company on favourable terms
  • B. Issue of shares by a company only to the founders of the company
  • C. right of shareholders to vote on any issue
  • D. issue of shares to shareholders on favourable terms
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43
Rights issue means the
  • A. issue of shares to the directors of a company on favourable terms
  • B. Issue of shares by a company only to the founders of the company
  • C. right of shareholders to vote on any issue
  • D. issue of shares to shareholders on favourable terms
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44
Profit that is expressed as a percentage of the cost of goods sold is referred to as
  • A. margin
  • B. mark-up
  • C. gain percent
  • D. gross profit
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45
Given:

Opening stock 40 000
Purchases 115 000
Closing stock 60 000
Sales 250 000
What is the cost of goods sold?
  • A. N 155 000
  • B. N 95 000
  • C. N 50 000
  • D. N 30 000
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