Question
A and B started a business with initial investments of
Rs. 13000 and Rs. 20000 respectively. After one year, a profit of Rs. 8250 is earned. A being a working partner gets 28% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 20% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 13000:20000 = 13:20 Profit share of A for being a working partner = 0.28 × 13000 = Rs. 2310 Profit share of A for his investment = 13/33 × 0.72 × 8250 = Rs. 2340 Total profit of A = Rs. 2340 Compound interest earned by A = 4650{(1 + 0.20)2 – 1} = Rs. 2046
Which year did SEBI make BRSR mandatory for the top 1,000 listed entities by market capitalization?
The cost incurred for an additional product is known as ________
________ is the process of bringing together physical, financial and human resources and developing productive relationship amongst them for achievement...
W hat is the maximum permissible bank finance (MPBF) that a bank may lend , a ccording to the Tandon Committee's recommendations ?
A company fails to accrue wages for March that will be paid in April. The company’s year-end balance sheet liabilities:
The project is requiring an investment of 40000 and is depreciated on a SLM basis and the Cash Inflows of the project are the following, what is the ARR...
Alderfer suggested that a person can be motivated by fulling three types of needs – Existence, relatedness and Growth (ERG). Which of the following i...
Which of the following derivative instrument is a type of financial derivative in which fixed payments of interest are exchanged by two counterparties f...
Loan in the repo market involves a very little credit risk because ________
Which of the following ratios are used to measure a firm’s liquidity and solvency?
