Two friends P & Q started a business investing amounts in the ratio of 5: 6....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Two friends P & Q started a business investing amounts in the ratio of 5: 6. R joined them after seven months investing an amount equal to that of Q's amount. At the end of the year 23% profit was earned which was equal to Rs. 98,578. What was the approximate amount invested by R? 1. Rs. 75,460 2. Rs. 79,370 3. Rs. 75, 000 4. Data inadequate 5. None of these Two friends P & Q started a business investing amounts in the ratio of 5: 6. R joined them after seven months investing an amount equal to that of Q's amount. At the end of the year 23% profit was earned which was equal to Rs. 98,578. What was the approximate amount invested by R? 1. Rs. 75,460 2. Rs. 79,370 3. Rs. 75, 000 4. Data inadequate 5. None of these
Expert Answer:
Answer rating: 100% (QA)
Solution 2 Let P invests Rs 5x and Q invests Rs 6x for 2 months Rjoins them with an amou... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
Students also viewed these mathematics questions
-
Modern Home sells windows and doors in the ratio of 9:1 (windows: doors). The selling price of each window is $90 and of each door is $250. The variable cost of a window is $60 and of a door is $220....
-
Why does an increase in the ratio of current assets to total assets decrease both profits and risk as measured by net working capital? How do changes in the ratio of current liabilities to total...
-
Why are creditors interested in the ratio of stockholders equity to liabilities? Is it preferable to have a high ratio or a low ratio?
-
Kebri LTD. sells Radios and Televisions. They have recorded their monthly revenue as follows. Revenue(Y) 330 180 209 390 391 304 347 461 538 610 Radio units (X1) 55 71 92 113 134 156 171 193 219 232...
-
E-Eyes.com Bank just issued some new preferred stock. The issue will pay an annual dividend of $20 in perpetuity, beginning 20 years from now. If the market requires a return of 5.8 percent on this...
-
The diagram below shows what happened to the relative wage and relative demand for skilled labor in the U.S. manufacturing sector during the 1990s. These points are plotted using the data from...
-
Use the working papers from Work Together 19-1 above. Work independently to complete the following problem. 1. For each of the following costs, determine whether the cost should be classified as...
-
1. Why didnt the contract order signed by the parties constitute a binding contract for the sale of goods? 2. According to the court, Romero and Scoggin-Dickey were both buyers and sellers. What did...
-
Use the following information to answer questions 1 - 1 0 . "Use Table 1 and the following information on Company X to perform a pro - forma financial modeling using a percentage sales method, and...
-
Using, Exhibit 13-12, the balance sheet of Angelinas Jewelry Company at the end of July shown below, calculate all four financial ratios (quick, current, debt, and debt-to-equity) for the business....
-
Medigap refers to various private health insurance plans sold to supplement Medicare in the United States. Medigap insurance provides coverage for many of the co-pays and some of the co-insurance...
-
1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency variances for August. . Compute the variable overhead rate and efficiency variances for...
-
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,000 units of cell phones are as follows: Variable costs per...
-
In Module Five we looked at instances of persons who disseminated/leaked/published classified information for what they considered to be righteous reasons. A recent Washington Post article that we...
-
Victor Finick likes to have the same amount of x as he has of y.The utility function of it is U(x, y) = min {2x y, 2y x}. to.Draw Victor's indifference curve that passes through the basket (0, 0) and...
-
Owen owned a small isolated tract of land called Green Acres near a beautiful mountain lake that was accessible only during the summer months. In July 2000, Owen gave Adler oral permission to camp on...
-
Discuss a real-time application where multiprocessing was essential to meet stringent timing requirements. How did you ensure that tasks were executed within their deadlines in a multiprocessing...
-
For each equation, (a) Write it in slope-intercept form (b) Give the slope of the line (c) Give the y-intercept (d) Graph the line. 7x - 3y = 3
-
Bill Williams has the opportunity to invest in project A that costs $9,000 today and promises to pay annual end-of-year payments of $2,200, $2,500, $2,500, $2,000, and $1,800 over the next 5 years....
-
What relationship between the required return and the coupon interest rate will cause a bond to sell at a discount? At a premium? At its par value?
-
Why is depreciation (as well as amortization and depletion) considered a noncash charge?
-
Show that if there exists at least one constraint in the standard maximum problem, say the \(i^{\text {th }}\), such that \(a_{i j}\) is strictly greater than zero for all \(j\), then the problem is...
-
An enterprising farmer wants to devote some of his land to the raising of hogs, chickens, and ostriches. He will use no more than 1000 square yards for this purpose. After deducting the cost of feed,...
-
A construction contractor builds single-family dwellings and apartment buildings. The contractor can make \(\$ 5000\) profit on each house and \(\$ 50,000\) on each apartment. It takes 400 hours to...
Study smarter with the SolutionInn App