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If all inputs are trebled and the resultant output is doubled, this is a case of
Rs. 19,500 debited to building repairs on 31 st December 1993 included Rs. 9,500 as the cost of building a small room for the watch man. A bill of Rs. 800 for colour wash of the whole building during the year was not received till 1993 December. The amount to be debited to profit and loss account would be:
Stock Rs. 14,000; Debtors Rs. 20,000: Creditors Rs. 20,000; Credit balance of profit and loss account at the beginning of the year Rs. 18,000; administration and selling expenses Rs. 20,000; 10% dividend on equity capital Rs. 3,000. The following ratios are also given: Stock turnover: 5 times Current ratio 2 : 1 Debtors collection period: 73 days Outstanding expenses: 15% of creditors Ratio of net profit after tax to net tangible assets is 1: 10 Rate of Income tax: 5% Ratio of fixed assets to paid up capital is 9: 10. The total assets of the firm are:
Under perfect competition (when input prices are fixed and there are no external economies or diseconomies), the industry supply curve is derived by
If the amount of work certified is less than . . . . . . . . of the contract price, then no profit should be taken to Profit & Loss Account.