Question
A father is three times as old as his son. After 5
years, the father’s age will be twice that of his son. What are their current ages?Solution
Let the son's age = x. Father's age = 3x. After 5 years, (3x + 5) = 2(x + 5). Solving: 3x + 5 = 2x + 10 x = 5 Son’s age = 5 × 3 = 15 years. Correct answer: a) Father: 45, Son: 15
A company has EBIT ₹10,00,000 and interest ₹2,00,000. Tax rate 30%. EPS impact if company has 1,00,000 equity shares and no debt vs with debt? Which...
What is the Belated return due date for AY 22-23?
The accounting for 'Amalgamation' of companies is dealt with under:
Which section of the Companies Act, 2013 defines the condition for redemption of preference shares?
Which report will be submitted by an auditor, if he is dissatisfied regarding the facts and information?
Under The Foreign Exchange Management Act, 1999, which of the following correctly describes the treatment of current account transactions?
Who among the following assesses is NOT liable to pay advance tax?
Initial Investment = ₹1,00,000; Cash inflow = ₹40,000 for 4 years; Discount rate = 10%. PV factor (4 yrs) = 3.169. Compute NPV.
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate= 40%
Factory overhead = ₹60,000; Direct labor = ₹1,20,000. Compute overhead rate as % of labor cost.