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In which of the following cases a partnership does not exist?
(1) Lender of money receiving profits.
(2) Servants or agents receiving profits.
(3) Widow or child of a deceased partner receiving profits.
(4) Seller of goodwill receiving profits.
Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order.
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:
X and Y are partners sharing profits and losses in the ratio of 3 : 2 (X's capital is Rs. 30,000 and Y's capital is Rs. 15,000). They admitted Z agreed to give $${\frac{1}{5}^{{\text{th}}}}$$ share of profits to him. How much Z should bring in towards his capital?
When labour is plotted on X-axis and capital is plotted on Y-axis and an iso-quant is prepared, then which of the following statements is/are false ? (a) Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant. (b) Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour. (c) Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.
When labour is plotted on X-axis and capital is plotted on Y-axis and an isoquant is prepared, then which of the following statement(s) is/arefalse?
1. Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant.
2. Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour.
3. Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.
A started a business with a capital of Rs. 63000. He decreased his capital by Rs. 15000 after 4 months. B invested when A decreased his capital and B invested a capital of Rs. 88,000. Find the ratio of their profits after 1 year.
X and Y are partners sharing profits in the ratio 2 : 1. Z is admitted for $${\frac{1}{4}^{{\text{th}}}}$$ share in profits and he brings his share of capital Rs. 12,000 in firm. The adjusted capital of Y is
A company's profits have doubled for each of the last 5 years . If the total profits for the last 5 years were TK. 62 million , what were the profits in the first year ?
A and B were two partners in a firm sharing profits in 3 ∶ 2. In the year 2015, the profit of the firm was Rs. 10000 which has been duly distributed among A and B. Later on they decided that C, their manager will also be treated as partner in the firm from beginning of year 2015 and will be entitled to 1/6 of the share in the firm. They decided to transfer 10% of the profits to general reserve. Redistribute the profits and find the amount of profit to be provided or taken back from B in new ratio.
A, B and C are partners. They admit D as a partner and gurantee that his share of profit shall not be less than Rs. 20,000 p.a. Profits are to be shared in the ratio of 4 : 3 : 3 : 2 respectively. If total profits for a year were Rs. 96,000, A's share of profits will be: