Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Abhik working in a Bank earning Rs 15000 per month has deposited Rs. 480000 in bank which yields 5% interest per annum. He wants to
Abhik working in a Bank earning Rs 15000 per month has deposited Rs. 480000 in bank which yields 5% interest per annum. He wants to invest this money to establish his own company and works as a manager in his own company. He has estimated total revenue Rs. 82000 per month and estimated cost of production raw materials 50000, advertisement 10000, annual depreciation 15%, of capital worth 200000, utilities 3000/month, miscellaneous expenses 8000. Find:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started