Question
A grandmother intended to distribute Rs. 2400 among her
three grandchildren—A, B, and C—in the ratio of 5:4:3. However, due to an error, she mistakenly distributed the amount in the ratio of 2:2:1. Determine the difference between the amount B actually received and the amount he was originally supposed to get.Solution
Amount of money received by B = [2/ (2 + 2 + 1)] × 2400 = Rs. 960
Amount of money supposed to receive by B = [4/ (5 + 4 + 3)] × 2400 = Rs. 800
Therefore, required difference = 960 – 800 = Rs. 160
For project appraisal, Net Present Value (NPV) of a project is positive. That implies:
According to Walter’s Model, a firm with high return on investment (RoI) and low cost of capital should:
Consider the following journal entry:
In what circums...
Salaries of ₹1 lakh paid in April 2024 relate to March 2024. As per matching concept, when should this expense be recorded?
As per IRDAI norms, an insurer must maintain a solvency ratio of at least 150%. If an insurer’s available solvency margin is ₹900 crore, what should...
Financial management is generally concerned with the procurement, allocation and control of financial resources of a concern. Its objectives can be:
...Which of the following is not a type of buyer on the GeM?
A Public Cloud is characterized by:
For demand drafts, pay orders, or banker’s cheques of ₹50,000 and above, which requirement must be fulfilled as per banking guidelines?
Virat Ltd. issues 5,000 10% preference shares of ₹100 each at ₹96 each. The company proposes to redeem the preference shares at the end of the 10th ...