P, Q and R enter into a partnership. P advances onefourth of the capital for onefourth...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
P, Q and R enter into a partnership. P advances onefourth of the capital for onefourth of the time. Q contributes onefifth of the capital for half of the time. Rcontributes the remaining capital for the whole time. How should they divide a profit of Rs. 1140? 1. Rs. 80, Rs. 180, Rs. 880 2. Rs. 100, Rs. 880, Rs. 60 3. Rs. 120, Rs. 200, Rs. 820 4. Rs. 100, Rs. 160, Rs. 880 None of these 5. P, Q and R enter into a partnership. P advances onefourth of the capital for onefourth of the time. Q contributes onefifth of the capital for half of the time. Rcontributes the remaining capital for the whole time. How should they divide a profit of Rs. 1140? 1. Rs. 80, Rs. 180, Rs. 880 2. Rs. 100, Rs. 880, Rs. 60 3. Rs. 120, Rs. 200, Rs. 820 4. Rs. 100, Rs. 160, Rs. 880 None of these 5.
Expert Answer:
Answer rating: 100% (QA)
Solution 4 We know that required profits would be in the r... View the full answer
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Posted Date:
Students also viewed these mathematics questions

1. Bill and Ken enter into a partnership agreement in which Bill is to have a 60% interest in capital and profits and Ken is to have a 40% interest in capital and profits. Bill contributes the...

Why did Boeing and Airbus enter into a partnership with Embraer and Bombardier? What was the strategic thinking here? Why do you think Embraer and Bombardier agreed to these deals?

Multiple choice question 1. Bil and Ken enter into a partnership agreement in which Bil is to have a 60 percent interest in capital and profits and Ken is to have a 40 percent interest in capital and...

(a) Let k be any real number and a < 1. Show that the function (1+x)k has the following power series representation (1 + x) = (h)a = 1+ kx + ? x + k(k1) 2! n=0 The above series is called the...

In 2010, the economy's resource base consists of 10 laborers and a capital stock of $50. Its capital output ratio is 2. In 2011, its capital stock increases to $75, while the number of laborers and...

A firm purchased some equipment at a very favorable price of $30,000. The equipment resulted in an annual net saving of $1000 per year during the 8 years it was used. At the end of 8 years, the...

A spherical capacitor consists of two concentric conducting spherical shells of radii \(R\) and \(2 R\). (a) How long would a coaxial cylindrical capacitor made of two concentric cylindrical...

(EPS: Simple Capital Structure) At January 1, 2010, Cameron Companys outstanding shares included the following. 280,000 shares of $50 par value, 7% cumulative preferred stock 800,000 shares of $1 par...

The definition, " ' Chiropractor ' means a person who is a medical quack with no legitimate scientific background," is an example of: Theoretical definition Definition by subclass Persuasive...

Zia Co. makes flowerpots from recycled plastic in two departments, Molding and Packaging. Zia uses the weighted average method, and units completed in the Molding department are transferred to the...

What are the main goals that we have for the macro economy  the main things that a country like the US would want to achieve with its macro economy? What are those goals?

2. Consider an imaging system using a lens with focal length of 8 cm having an image plane 10 cm behind the lens. Assume the lens diameter is 1 cm. a) How far in front of the lens on the optical axis...

One of these encoding schemes results in the lowest bandwidth a ) ) Differential Manchester b ) ) Bipolar  AMI c ) ) Manchester d ) ) none

An object that is spining (e.g. a wheel), has: Rotational Kinetic Energy, but not Angular Momentum Neither Angular Momentum nor Rotational Kinetic Energy Any one of the two: Angular Momentum or...

You have been assigned a task to configure multiple TACACS + + servers for Cisco WLC authentication, while load  balancing different authentication requests among the servers. How can you...

5.00 cm 1. Water enters a horizontal duct with a rectangular cross section at a speed of 1.00 m/s. The width of the duct remains constant but the height narrows from both above and below. Twenty...

For the circuit shown below, the capacitor voltage and inductor current at t = 0 are 0 V and 0 A respectively. Use the sdomain method to find the constants a, b, c, d and a where e = 3000 in the...

During the year land was revalued and the surplus reported as Revaluation surplus; and an asset costing 80,000, written down to 38,000, was sold for 40,000. Identify the cost of any noncurrent...

1. Which of the following are eliminated from the financial statements under GASB 34? a. General longterm debt account group b. General fixed asset account group c. Both a and b d. None of the above...

Describe how total noncontrolling interest at the end of an accounting period is determined.

Ordinarily, the income from an investment accounted for by the equity method is reported on one line of the investors income statement. When would more than one line of the income statement of the...

In a large office building, there is a woman dead in her locked office, sitting at her desk. Except for the desk, chair, and contents on the desk, the office is empty and the air conditioner is...

How many birthdays does the average person have?

There are 5 different color houses, occupied by people of 5 different nationalities, who smoke 5 different cigar brands, drink 5 different types of alcohol, and have 5 different pets. The houses are...
Study smarter with the SolutionInn App