case:

M/s. XYZ LLC gives the following information related to Profit for last 8 years - 2011 - OMR 25,000, 2012 - OMR 20,000, 2013 - OMR 35,000, 2014 - OMR 30,000, 2015 - OMR 45,000, 2017 - OMR 40,000, 2018 - OMR 55,000, 2019 - OMR 50,000. Further the concern giving you additional information that the concern normal expects the Rate of Return @ 10% for the Capital Employed OMR 250,000, Total Tangible Assets OMR 200,000 and Current Liabilities OMR 100,000.

Q:Compute the value of goodwill on the basis of 4 years purchase under Capitalization of Average Profit Method and Super Profit Method. Which method of goodwill calculation is beneficial for the firm? Why these two methods showing two different values? Give your comments with the calculated values.

The following are the two different scenarios will be chosen by the concern for admitting a new partner in to the partnership M/s. Badsha LLC. Assume the first scenario as P & Q are partners sharing profits in the ratio of 7:2. They admit S for 1/5th share of future profits which he acquires 3/18th from P and 1/18th from Q. Assume the second scenario as P & Q are partners sharing profits in the ratio of 2:7. They admit S as new partner, and he acquires 2/5th of Ps share and 1/5 of Qs share.

Q:Calculate new ratio and sacrificing ratio of the partners and suggest which alternative is good for the new partner? Comment it.