Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1. RBML is proposing to sell a 5-year obligation of $ 5,000 at 8 percent pace of interest per annum. The bond sum will

Question 1. RBML is proposing to sell a 5-year obligation of $ 5,000 at 8 percent pace of interest per annum. The bond sum will be amortized similarly over its life. Figure the security's current incentive for a financial backer on the off chance that he expects a base pace of return of 6%?

Answer all the MCQ in proper sequence in reference to managerial accounts:

2. An and B are accomplices. As indicated by Profit and Loss Account, the net benefit for the year is $2,00,000. The complete interest on accomplice's drawings is $1,000. As pay is $40,000 each year and B's compensation is $3,000 each month. The net benefit according to Profit and Loss Appropriation Account will be :

(A) $1,23,000

(B) $1,25,000

(C) $1,56,000

(D) $1,58,000

3. As indicated by Profit and Loss Account, the net benefit for the year is $1,40,000. The complete interest on accomplice's capital is $ 8,000 and an accomplice is to be permitted commission of $5,000. The absolute interest on accomplice's drawings is $1,200. The net benefit according to Profit and Loss Appropriation Account will be:

(A) $1,28,200

(B) $1,44,200

(C) $1,25,800

(D) $1,41,800

4. Sangeeta and Ankita are accomplices in a firm. Sangeeta's capital is $70,000 and Ankita's Capital is $50.000. Association's benefit is $60,000. Ankita share in benefit will be :

(A) $25,000

(B) $30,000

(C) $35,000

(D) $20,000

5. A, B and C are accomplices. A's capital is $3,00,000 and B's capital is $1,00,000. C has not contributed any sum as capital however he alone deals with the entire business. C needs $30,000 p.a. as compensation. Firm procured a benefit of $1,50,000. How much will be each a lot of benefit:

(A) A $60,000; B $60,000; C $Nil

(B) A $90,000; B $30,000; C $Nil

(C) A $40,000; B $40,000 and C $40,000

(D) A $50,000; B $50,000 and C $50,000.

6. Net benefit of a firm is $49,500. Supervisor is qualified for a commission of 10% on benefits prior to charging his bonus. Director's Commission will be:

(A) $4,950

(B) $4,500

(C) $5,500

(D) $495

7. Net benefit of a firm is $79,800. Supervisor is qualified for a commission of 5% of benefits in the wake of charging his bonus. Director's Commission will be:

(A) $4,200

(B) $2,380

(C) $3,990

(D) $3,800

8. A and B are accomplices in the proportion of 3 : 2. Before benefit conveyance, A is qualified for 5% commission of the net benefit (in the wake of charging such commission). Prior to charging commission, company's benefit was $42,000. B's offer in benefit will be :

(A) $16,000

(B) $24,000

(C) $26,000

(D) $16,400

9. A, B and C are accomplices in the proportion of 5 : 3 : 2. Before B's compensation of $17,000 company's benefit is $97,000. What amount in complete B will get from the firm?

(A) $17,000

(B) $40,000

(C) $24,000

(D) $41,000

10. A, B and C are accomplices in a firm with no understanding. They have contributed 750,000, 730,000 and 720,000 via capital in the firm. A couldn't labor for a half year in a year because of disease. Toward the finish of year, firm procured an ace lit of 7 15,000. An's offer in the benefit will be:

(A) 77.500

(B) 73,750

(C) 75,000

(D) 72,500

11. In an association firm, accomplice An is entitled a month to month compensation of $7,500. Toward the year's end, firm procured a benefit of $75,000 subsequent to charging T's compensation. In the event that the supervisor is entitled a commission of 10% on the net benefit subsequent to charging his bonus, Manager's bonus will be :

(A) $7,500

(B) $16,500

(C) $8,250

(D) $15,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory

Authors: William R. Scott, Patricia O'Brien

8th Edition

013416668X, 978-0134166681

More Books

Students also viewed these Accounting questions