Question
Harvey, Mike, and Donna started a business together,
with the ratio of Harvey's investment to Mike's being 5: x, and the ratio of Mike's investment to Donna's being 7:8. After 3 years, Donna's share of the total profit of Rs. 19,000 is Rs. 6,400. Determine the value of x.Solution
Ratio of investments: Harvey: Mike = 5: x Mike: Donna = 7: 8 Harvey: Mike: Donna = 35: 7x: 8x According to question, 8x/(35 + 7x + 8x) = 6400/19000 8x/(35 + 15x) = 32/95 760x = 32×35 + 32×15x 760x – 480x = 1120 280x = 1120 x = 112÷28 = 4
The degree of financial leverage may be defined as:
Which analysis involves the comparison between the current and historical financial performance and the evaluation of developing trends.
The 'Internal Capital Adequacy Assessment Process' (ICAAP) is a requirement under which Pillar of Basel II/III?
Who appoints the auditor for a government company, and what is the time frame for this appointment?
Which of the following is not a specified criteria to be fulfilled by Infrastructure Finance Companies (IFC)?
In a Six Sigma project team, a member is responsible for leading small improvement projects independently, applying statistical tools, analysing process...
Which of the following is a disadvantage of the payback period method in capital budgeting?
Which of the following actions is most likely to enhance the effectiveness of delegation in an organization?
Which of the following is not a member of the Financial Stability and Development Council (FSDC) in India?
The cost of equity (Ke) using the Gordon Growth Model is calculated as:
Relevant for Exams:
