JAMB Commerce Past Questions & Answers - Page 214

1,066.

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

Correct answer is C

No explanation has been provided for this answer.

1,067.

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

Correct answer is A

No explanation has been provided for this answer.

1,068.

Use the information Above to answer this question

What is the current ratio?

A.

4:1

B.

4.5:1

C.

5:1

D.

25.5:1

Correct answer is C

No explanation has been provided for this answer.

1,069.

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is known the?

A.

pre-emptive right

B.

shareholders right

C.

ex-dividend right

D.

over-subscription right

Correct answer is B

No explanation has been provided for this answer.

1,070.

Which of the following statement is true of preferred stockholders?

A.

They have no voting rights at annual general meetings

B.

They first claim company asset before creditors

C.

The have first claim to company asset after all debts have been settled

D.

They share dividends equally with common shareholders

Correct answer is A

No explanation has been provided for this answer.