by Sunday | Dec 12 | Commerce JAMB
A. A redeemable bond B. An irredeemable bond C. A development bond D. A long-term loan Correct Answer: Option B – An irredeemable bond Explanation The bond is per petrol, which is until death. The issuing authority or entity pays a specific interest rate...
by Sunday | Dec 12 | Commerce JAMB
Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due. A. N4,000,000 B. N5,000,000 C. N7,500,000 D. N2,500,000 Correct Answer: Option D – N2,500,000...
by Sunday | Dec 12 | Commerce JAMB
A. Cash, work-in-progress and debtors B. Cash, Vehicles, land and building C. debtors, stocks of raw materials and fitting D. Prepayments, debtors, and equipment Correct Answer: Option A – Cash, work-in-progress and debtors Explanation Circulating capital is the...
by Sunday | Dec 12 | Commerce JAMB
A. debenture B. a bond C. a term loan D. an overdraft Correct Answer: Option A – debenture Explanation It is a debenture that is grown under a seal by a company in acknowledgment of a debit undertaking to repay the stated amount or sum on or before a certain...
by Sunday | Dec 12 | Commerce JAMB
A. Is unable to declare and pay dividend. B. Has a higher number of share holder C. Is unable to offer shares to the public. D. pays higher salaries to its member Correct Answer: Option C – Is unable to offer shares to the public. Explanation Private limited...
by Sunday | Dec 12 | Commerce JAMB
A. Economic, Social and legal B. Political, Culture and Labour C. Competition, Labour and Political D. Competition, Industry and Product. Correct Answer: Option A – Economic, Social and legal Explanation These Economic, social and legal elements affect the...