Question
Pankaj and Dheeraj initiated a partnership by investing
Rs. 12,750 and Rs. 8,500 respectively. Eight months into the business, Sanjay came on board by contributing an amount that was double Dheeraj's initial investment. At the year's end, Pankaj's share of the profit amounted to Rs. 5,175. Calculate the total annual profit share that Sanjay would receive.Solution
Ratio of annual profit shares of Pankaj, Dheeraj and Sanjay, respectively: = (12,750 x 12) :(8,500 x 12) :(2 x 8,500 x 4) = 9:6:4 Required profit share of Sanjay = (5,175/9) x 4 = Rs. 2,300
IS curve shows that when income decreases
When a firm’s decision to produce decreases the wellbeing of others, but the firm does not compensate those others. It is a case of______.
...What is the effect of expansionary fiscal policy on output and unemployment?
The A.M. and G.M. of a distribution are 12.5 and 10 respectively. Then the H.M. is
Which of the follow statements about price discrimination is not true?
Fisher’s cash transaction equation is expressed asÂ
The dummy variable trap occurs when
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2...
Â
A worker’s wage in 1996 was Rs.180. What should be the wage in 1999 so that the worker remains at the same level of consumption? [Consider 1995 as the...