Question
Aman and Bittu launched a
business by investing Rs. 'x' and Rs. 1,500, respectively. Four months later, Chirag joined with an investment of Rs. 1,800. Given that after one year, the total profit was Rs. 5,850 and Chirag’s share of the profit was Rs. 1,800, determine the value of 'x'.Solution
Respective ratio of the investments of Aman, Bittu and Chirag
= 12 × x: 12 × 1500: 8 × 1800
= x: 1500: 1200 According to question: 1200/(x + 2700) = 1800/5850 3x + 8100 = 11700 3x = 3600 x = 1200 So the value of x = 1200
If the MOS = 40000 units and BE units are 35000 and PV ratio is 60%. Calculate profit if revenue per unit is 8.
A company sells air-conditioners with a 2-year free maintenance service included in the contract. The customer pays the full consideration upfront at de...
While determining the Material Cost, _______ is not deducted from the purchase price.
It is treated as interest and finance charges. It is ignored.
The primary goal of Financial Management is to:
Which of the following statement is correct?
Which of the following is a feature of Operating Lease according to Accounting Standard 19?
What is the minimum amount of loan outstanding of a borrower or a guarantor who has committed wilful default , to be known as a Wilful defaulte r?
Which item is recorded as a non-cash transaction?
As per section 9(1) of CGST Act, 2017, Central Tax on intra-State supplies shall be levied on the transaction value. This value is determined as per of...
A power company appraises a 25-year hydro project with IRR of 12% and a payback of 8 years. However, the risk-adjusted discount rate is 15%. Should the ...