Question
X and Y started a business by investing Rs. 8,000 and
Rs. 12,000 respectively. After 6 months, Z joined them with an investment of Rs. 10,000. At the end of the year, the total profit was Rs. 40,000. Find the difference between the profit shares of Y and Z.Solution
ATQ, Ratio of profit shares of X, Y, Z = (8000 × 12):(12000 × 12):(10000 × 6) = 96000 : 144000 : 60000 = 16:24:10 = 8:12:5 So, Y’s share = 40000 × (12/25) = Rs. 19,200 Z’s share = 40000 × (5/25) = Rs. 8,000 Required difference = 19200 - 8000 = Rs.11,200
An asset would be classified as substandard if it has remained an NPA for a period:
An investor should buy a bond if:
Which of the following causes of an increase in return on equity is most likely a positive sign for a firm’s equity investors?
As of the week ending September 20, 2024, India's foreign exchange reserves reached a record level of how much?
Which of the following is incorrect when we talk about the PMEGP scheme?
What is the name of the short-term advance given by the RBI to the government if it shows the negative balance?
Assignment of any responsibility or authority by a supervisor to a subordinate for carrying out specific activities is called Delegation. Delegation is...
According to the Union Budget 2023-24, consider the following statements.
1. The Prime Minister has given a vision for “LiFE”, or Lifestyle...
_______ refers to the information collected by an auditor to ascertain the accuracy and compliance of a company's financial statements.
In a major financial crisis of NBFC’s, the rumor proved much more accurate than the announcements from the top management. CEOs at major companies lik...
Relevant for Exams:
