Question
A, B and C invested in partnership. A invest Rs.8000 for
6 months, B invests Rs.5000 for 4 months and C invests Rs.12000 for 3 months. C is working partner so he will get 5% extra of total profit. Find profit share of C if total profit at the end of the year is Rs.7800.Solution
Ratio of profit share of A, B and C = 8000 x 6 + 5000 x 4 + 12000 x 3 = 12:5:9 Profit share of C out of total profit = [7800 x (5/100)] + [7800 x (95/100) x (9/26)] = Rs.2955
The Board of the Bank had set the tolerance levels for the interest rate risk. The bank assesses and monitors the risk against the guidelines. Who shoul...
Net working capital is defined as?
Calculate Capital Gearing Ratio
Read the below information related to Z limited and calculate the prime cost from the following information:
Direct material purchased: Rs. 6,0...
Who has been appointed to the 'Committee of Advisors' of Abhyudaya Cooperative Bank by the Reserve Bank of India (RBI)?
How does the Fund of Funds for Startups (FFS) Scheme provide funding to startups? Â
According to the Union Budget 2023-24, consider the following statements.
1. The Vision for the Amrit Kaal includes a technology-driven and kn...
Risk faced by financial institutions in which advancement of technology does not produce savings in cost is known as _____
Long-term borrowings are essential for supporting a company's large-scale investments and capital expenditures. These borrowings typically have extended...
A loan becomes NPA on 31st March. If no recovery is made, when does it become a Doubtful Asset?
Relevant for Exams:
