JAMB Commerce questions: Financing a business

16 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 16 Business management and environment · 17 Commerce and its scope · 15 Communication · 16 Computers and ICT in business · 14 Consumer protection · 14 Documents used in trade · 16 Elements of commercial law · 15 Financing a business · 16 Foreign trade · 21 Forms of business organisation · 21 Home trade: retail and wholesale · 21 Insurance · 21 Money and banking · 21 Occupation and production · 16 The stock exchange · 17 Transport · 17 Warehousing · 13

Question 1· Financing a business· JAMB
Gross profit is ₦40,000 on sales of ₦160,000. The gross profit margin is
Explanation and discussion
Question 2· Financing a business· JAMB
Holders of ordinary shares in a company
Explanation and discussion
Question 3· Financing a business· JAMB
Trade credit as a source of finance means
Explanation and discussion
Question 4· Financing a business· JAMB
Working capital is calculated as
Explanation and discussion
Question 5· Financing a business· JAMB
Trade credit is a source of finance in which
Explanation and discussion
Question 6· Financing a business· JAMB
A trader's capital is ₦600,000 and liabilities are ₦150,000. Total assets are
Explanation and discussion
Question 7· Financing a business· JAMB
Leasing allows a firm to
Explanation and discussion
Question 8· Financing a business· JAMB
Gross profit is ₦150,000 on sales of ₦600,000. Find the gross profit margin.
Explanation and discussion
Question 9· Financing a business· JAMB
A business has current assets of ₦300,000 and current liabilities of ₦150,000. Its current ratio is
Explanation and discussion
Question 10· Financing a business· JAMB
A trader's opening stock is ₦20,000, closing stock ₦30,000 and cost of goods sold ₦100,000. The rate of turnover is
Explanation and discussion
Question 11· Financing a business· JAMB
Cost of sales is ₦240,000 and average stock is ₦40,000. Find the rate of stock turnover.
Explanation and discussion
Question 12· Financing a business· JAMB
Ploughing back profit into the business is a source of
Explanation and discussion
Question 13· Financing a business· JAMB
Venture capital is provided mainly to
Explanation and discussion
Question 14· Financing a business· JAMB
Which of the following is a source of long-term finance for a company?
Explanation and discussion
Question 15· Financing a business· JAMB
Debenture holders differ from shareholders because debenture holders
Explanation and discussion
Question 16· Financing a business· JAMB
Capital used for the day-to-day running of a business is
Explanation and discussion

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JAMB Commerce questions: Financing a business

Gross profit is ₦40,000 on sales of ₦160,000. The gross profit margin is

Holders of ordinary shares in a company

Trade credit as a source of finance means

Working capital is calculated as

Trade credit is a source of finance in which

A trader's capital is ₦600,000 and liabilities are ₦150,000. Total assets are

Leasing allows a firm to

Gross profit is ₦150,000 on sales of ₦600,000. Find the gross profit margin.

A business has current assets of ₦300,000 and current liabilities of ₦150,000. Its current ratio is

A trader's opening stock is ₦20,000, closing stock ₦30,000 and cost of goods sold ₦100,000. The rate of turnover is

Cost of sales is ₦240,000 and average stock is ₦40,000. Find the rate of stock turnover.

Ploughing back profit into the business is a source of

Venture capital is provided mainly to

Which of the following is a source of long-term finance for a company?

Debenture holders differ from shareholders because debenture holders

Capital used for the day-to-day running of a business is