JAMB Past Questions and Answers - Page 1398

The Asa branch of Emene company Ltd, made a sales of N549,000 from the goods sent from the head office during the period ended 31/12/94. These sales were based on a 22% mark up. If branch expenses were N34,400 and there were no discrepancies. What should be the profit of the branch for the period?

Departmental accounts re maintained to ascertain the

The measure of a company's ability to pays its debts quickly is called

A total of 400,000 shares of N1 each are to be issued by Sariki company Ltd at a price of N1.20 per share. Application were received for 600,000 shares out of which 100,000 were dishonored. If the available share were distributed pro-rata. 
What refund will be due a subscriber who applied for 5,000 shares?

Which of the following ratios gives an idea of the liquidity of a firm?