Question
X can do a piece of work in 15 days. He worked at it for
3 days and then Y finished it in 16 days. In how many days can X and Y together finish the work?Solution
X’s three day work = 3/15 = 1/5. Remaining work = 1 – 1/5 = 4/5 This work was done by Y in 16 days. Y does 4/5th of the work in 16 days, he will finish the work in 16 × 5/4 = 20 days. X & Y together would take 1/20 + 1/20 = 2/20 = 1/10 i.e. 10 days to complete the work.
In the PM Vishwakarma Scheme, artisans are provided with a toolkit grant of how much?
For an NBFC-MFI (Microfinance Institution), what is the minimum proportion of its assets that must be in the form of microfinance loans?
As per RBI’s income recognition policy, under what condition can banks recognize interest income on advances against Term Deposits, NSCs, KVPs, and li...
An Indian company importing software from a foreign vendor must deduct TDS under which section?
A firm has high current assets turnover but declining sales. What strategy should it follow?
MAT under Section 115JB is applicable when:
_______ Ratio is the indicator of firm’s financial leverage.
5000 kgs of raw material were bought at Rs.2.5 per kg and 10% is normal waste. If recovery value of the normal waste is Rs.1.2 per kg, then find the cos...
Which method is used to account for foreign currency transactions at initial recognition under Ind AS 21?
The Debt Equity ratio of a company is 1.6. Which of the following events is likely to improve the debt equity ratio of the company?