Two partners A and B invests in the ratio 3: 4 in a business. Their monthly...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Two partners A and B invests in the ratio 3: 4 in a business. Their monthly expenditure is Rs. 36000. What should be their income so that A gets Rs 6000 as profit: 1. Rs. 50000 Rs. 36000 3. Rs. 48000 4. Rs. 60000 None of these 2. 5. Two partners A and B invests in the ratio 3: 4 in a business. Their monthly expenditure is Rs. 36000. What should be their income so that A gets Rs 6000 as profit: 1. Rs. 50000 Rs. 36000 3. Rs. 48000 4. Rs. 60000 None of these 2. 5.
Expert Answer:
Answer rating: 100% (QA)
Solution 1 Let the total income be Rs x Total expenditure Rs 36000 Profit In... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
Students also viewed these mathematics questions
-
Partners A and B have a profit and loss agreement with the following provisions: salaries of $41,600 and $38,400 for A and B, respectively; a bonus to A of 10% of net income after salaries and bonus;...
-
Partners A and B form a partnership where each receive a 50% interest in capital and profits. Partner A contributes cash of $25,000 and land valued at $25,000. Partner A has a basis in the land of...
-
Partners A and B have existing capital balances of $50,000 and $70,000 and share profits and losses in a ratio of 60%/40%. Incoming partner C invests $58,000 for a 30% interest in profits and losses....
-
Q No. 1) a) Construct the Histogram for the following frequency distribution relating to the ages of telephone operators. Age (Years) No. of Operators 10-15 15-20 20-25 25-30 30--35 10 22 17 b)...
-
Coca-Cola and PepsiCo both produce and market beverages that are direct competitors. Key financial figures (in $ millions) for these businesses over the past year follow. Required 1. Compute return...
-
The payroll records of Graham Computer Co. for the week ending October 7, the 40th week in the year, show the following: Required: 1. Complete a work sheet with the following column headings:...
-
(NPV, IRR, IRR, crossover point) Your firm is considering two projects with the following cash flows: a. If the appropriate discount rate is 12%, rank the two projects. b. Which project is preferred...
-
Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhead using a plantwide rate based on direct labor hours. Consideration is...
-
Two companies in chemical industry are P and Q. The high quality borrower (P) prefers to raise $50 million in five years floating rate funding. The low quality company (Q) prefers to raise $50...
-
Amanda Autry and Carley Wilson are partners in A & W Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information given,...
-
How do I calculate ebidta?
-
In music, a chromatic scale divides an octave into 12 equally-spaced pitches. An octave contains 1200 cents (a unit of measure for musical intervals), and each pitch in the chromatic scale is 100...
-
How does using a radar chart to display performance metrics from a peer comparison group of several companies better inform an investor's analysis evaluating an investment opportunity? What specific...
-
Needing to work these out in Excel but I cannot figure out the formulas on Excel for them. Could you please assist? Annuities with Intraperiod Compounding Example 3.14: Suppose you set aside $250 at...
-
You plan to take classes for summer and fall semesters next year. The tuition is $1384 per semester and the textbook cost $700 for the entire year. You estimate your travel costs to be $1200 per...
-
How many moles of sulfur trioxide are formed from 5 moles of sulfur dioxide using the given balanced equation? 2 SO2 + 02 2 SO3 01 mol of SO3 02 mol of SO3 03 mol of SO3 05 mol of SO3 06 mol of SO3
-
Summerize the planning steps that could be followed for Collaborative Community Health Promotion Planning. Promotion Strategies
-
A condenser (heat exchanger) brings 1 kg/s water flow at 10 kPa quality 95% to saturated liquid at 10 kPa, as shown in Fig. P4.91. The cooling is done by lake water at 20C that returns to the lake at...
-
On July 1, 2012, Philip Ward bought a used pickup truck at a cost of $5,300 for use in his business. On the same day, Ward had the truck painted blue and white (his companys colors) at a cost of...
-
FLSR Company spent a total of $407,888 in the current period in one of its production centers. In addition, when the production period began, there was work-in-process inventory in the production...
-
Which inventory cost flow alternative results in paying the least amount of taxes when prices are rising?
-
Sales Discounts Spartakos Inc. regularly provides services to Grieder Supply on terms 3/10, n/40 and records sales at gross. During a recent month, the two firms engaged in the following...
-
(MIRR) For the question above, what is the modified IRR (MIRR) of the project assuming the reinvestment or financing rate is also the discount rate (10%)?
-
(Multiple IRRs) You observe the following project in the market. Your cost of capital is 10%: a. Should you take the project or reject it? Explain. b. What is the range of cost of capital for which...
Study smarter with the SolutionInn App