The premise of benefits

Assignment Help Finance Basics
Reference no: EM13906621

On 31st March, 2011 the balance sheet of Sen, Sil and Som who shared benefits and misfortunes in the proportion of 4 : 3 : 2 separately remained as takes after:

On 30th June, 2011 Sen kicked the bucket. As per association deed, at the season of death, goodwill of the firm was to be esteemed at 2 years' buy of normal benefits of the most recent three years and perished accomplice's capital record was to be credited with the offer of benefits for the period he lived in the year of death on the premise of benefit of instantly earlier year. 

Discover the sum because of Sen's agents on 30th June, 2011. Benefits for as long as three years have been as takes after: 

For the year finished 31st March, 2011        Rs. 36,000 

For the year finished 31st March, 2010        Rs. 30,000 

For the year finished 31st March, 2009        Rs. 25,800

Reference no: EM13906621

Questions Cloud

Determine the outer trusts prerequisite for arvind : Determine the outer trusts prerequisite for Arvind for the year 20x8. How ought to the organization raise its outside trusts prerequisite, if the accompanying limitations apply?
Share of benefit frame : Share of benefit frame the end of the last money related year to the date of death on the premise of the normal of the three finished years' benefits before the demise.
What is the most extreme deals development rate : What is the most extreme deals development rate that can be financed without raising outside stores?
Set up the accompanying proclamations : Gauge the outer trusts prerequisite for the year 20x8.Set up the accompanying proclamations, accepting that the outer trusts necessity would be raised altogether from transient bank borrowings :(i) anticipated monetary record and (ii) anticipated ben..
The premise of benefits : Benefits for the period he lived in the year of death on the premise of benefit of instantly earlier year.
Set up the accompanying articulations : Set up the accompanying articulations, expecting that the outer stores necessity would be raised from term credits and transient bank borrowings in the proportion 1:2 (i) anticipated accounting report and (ii) anticipated benefit and misfortune accou..
Capitals benefit sharing proportion : B and C brought as much money as would acquire their capitals benefit sharing proportion and the firm would have trade in for spendable dough hand Rs. 3,000.
Set up the accompanying proclamations : Set up the accompanying proclamations, expecting that the outer trusts prerequisite would be raised just as from term credits and shortterm bank borrowings:anticipated monetary record
The association''s benefit : The firm had safeguarded the accomplices' lives severally, A's life for Rs. 20,000, B's life for Rs. 16,000 and C's life for Rs. 14,000. The premiums were charged to the association's benefit and misfortune account.

Reviews

Write a Review

Finance Basics Questions & Answers

  Discuss the differences between cash flow and accounting

discuss the differences between cash flow and accounting income and why it is important to use cash flow in making

  An investment is expected to pay a return of 100 per year

an investment is expected to pay a return of 100 per year. the interest rate for the investment is 6. what will the

  How would you define working capital what could happen if

how would you define working capital? what could happen if an organization neglected to manage its working capital?

  In 2010 kelly who earns salary of 200000 invests 40000 for

in 2010 kelly who earns a salary of 200000 invests 40000 for a 20 interest in a partnership not subject to the passive

  What would be katydid before-tax component cost of debt

KatyDid Clothes has a $150 million ($1000 face value) 15-year bond issue selling for 106% of par that carries a coupon rate of 8%, paid semi-annually. What would be KatyDid's before-tax component cost of debt?

  How would each of these accounts appear after

Firm A had the following selected items on its balance sheet.

  Would the investor want to invest in treasury bills

Now assume that short sales are not allowed. (What does this mean for portfolio weights?) Suppose the correlation of returns on the two securities is +1.0, what is the optimal combination of securities 1 and 2 that should be held by the investor w..

  Explain the advantages and the disadvantages of funding

Andy Rexford had started his custom embroidery business in his garage with just one, two-head equipment & an old computer. From this humble beginning, Custom Stitches had grown into a full-time family business with sales of more than $750,000 a year.

  Calculate the return if the bank compounds annually

Assume you deposit $2,000 for 5 years at a rate of 8 percent. Calculate the return (A) if the bank compounds annually (n=1) Round answer to the hundreths place.

  What is the maximum exchange ratio

What is the maximum exchange ratio would the A Corporation shareholder accept in taking over X Corporation and remain whole in terms of earnings per share? (note you will need to use the formulas in the book to solve this)

  The risk-free asset

The risk-free asset?

  Value of sgp to raymond

SGP's pre-merger beta is 2.0, and its post-merger tax rate would be 34%. The risk-free rate is 8% and the market risk premium is 4%. What is the value of SGP to Raymond?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd