P, Q and R enter into a partnership. P advances one-fourth of the capital for one-fourth...
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 one-fourth of the capital for one-fourth of the time. Q contributes one-fifth 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 one-fourth of the capital for one-fourth of the time. Q contributes one-fifth 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(k-1) 2! n=0 The above series is called the...
-
Suppose the current administration decides to decrease government expenditures as a means of cutting the existing government budget deficit. a. Using a graph of aggregate demand and supply, show the...
-
What are the classes and patterns involved in defining the stable pattern for temptation?
-
1. Consolidated sales of Pam Corporation and Subsidiary for 2017 were: a $1,800 b $1,425 c $1,400 d $1,240
-
A puck of mass 80.0 g and radius 4.00 cm slides along an air table at a speed of 1.50 m/s as shown in Figure P11.34a, It makes a glancing collision with a second puck of radius 6.00 cm and mass 120 g...
-
The account title net income is shown on the statement of owners equity and the income statement
-
Orion Controls is a leading manufacturer of industrial valve systems, and Nathan Armstrong, head of Marketing, had been contacted by Andre Gide, EVP of Avion Chemical to place an order for 50 of...
-
At least one of the answers above is NOT correct. (3 points) Create a two-time-interval binomial lattice to find the value of a Euro call option Keep 3 places to the right of the decimal point in...
-
State the vertical asymptotes, if any exist for the function. T f(x) = x+81
-
4. Oh no! Prof. Conlin was doing the dishes, but ran out of space on his drying rack. He decided to set the last two bowls on a towel on the counter to dry. He wondered, "To make sure they get dry,...
-
It has been assumed so far that the firm will operate a project over its full physical life. However, may not be the best option - it may be better to abandon a project prior to the end of potential...
-
33-34 Find (a) f + g, (b) f- g, (c) fg, and (d) f/g and state their domains. 33. f(x)=25-x, g(x) = x+1 ===== 1 34. f(x)= x-1' 9(x)=-2 X
-
Describe five steps independent auditors take when auditing an organization. -An independent auditor, often a public accounting firm, begins an audit by studying the business. This approach helps to...
-
Company XYZ is seeking for investment in a new project with a capital of RM130 Million. Three (3) projects have emerged as candidates for construction after extensive research and preliminary design...
-
Is that Yelp review real or fake? The article A Framework for Fake Review Detection in Online Consumer Electronics Retailers (Information Processing and Management 2019: 12341244) tested five...
-
1. Which of the following are eliminated from the financial statements under GASB 34? a. General long-term 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...
-
Discuss the role that investing plays in the personal financial planning process and identify several different investment objectives.
-
Distinguish between primary and secondary markets as well as between broker and dealer markets.
-
CALCULATE AN OUNT TO IN EST TO NEET 03- C 15. Use Worksheet 11.1. Mary Bender is now employed as the managing editor of a well-known business journal. Although she thoroughly enjoys her job and the...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App