Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three partners A, B and C started a company with investment of 24,000, 42,000 and 54,000 for the time period of 6 month, one

Three partners A, B and C started a company with investment of 24,000, 42,000 and 54,000 for the time period of 6 month, one year and 8 month respectively. The total annual profit was Rs. 46,500. Find the share of each partner in annual profit. (a) 4000 Rs, 14600 Rs, 27900 Rs (b) 6200 Rs, 21700 Rs, 18600 Rs (c) 7800 Rs, 25150 Rs, 13550 Rs (d) 5400 Rs, 21600 Rs, 19500 Rs (e) None of these

Step by Step Solution

3.48 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below Sol... 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_2

Step: 3

blur-text-image_3

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

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

More Books

Students also viewed these Mathematics questions

Question

Multiply 35 x 28,using duplation and mediation.

Answered: 1 week ago

Question

Differentiate between intelligence testing and achievement testing.

Answered: 1 week ago

Question

Compute horizontal analysis of income statement for Goodyear

Answered: 1 week ago

Question

Explain which relational transgressions are hardest to forgive.

Answered: 1 week ago