Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully paid. Average expected profit is Rs.8,500. Transfer to reserves is 10%. Pref. dividend is payable. NRR is 9%. The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20s

Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets.

External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is

4,500 equity shares of Rs.10 each fully paid. Average expected profit is Rs.8,500. Transfer

to reserves is 10%. Pref. dividend is payable. NRR is 9%. The Net Asset Value Per share

is

A Rs.11

B Rs.10.70

C Rs.15

D Rs.20
by

1 Answer

Answer :

Rs.10.70
by

Related questions

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Dhivya, Dinesh and Deepi enter into a partnership and their shares are in the ratio 1/3 :1/4 :1/5. After 2 months, dhivya withdraws half of her capital and after 10 months, a profit of Rs. 462 is divided among them, what is Deepi’s share? A) 123.56 B) 165.45 C) 143.3 D) 146.43

Description : Dhivya, Dinesh and Deepi enter into a partnership and their shares are in the ratio 1/3 :1/4 :1/5. After 2 months, dhivya withdraws half of her capital and after 10 months, a profit of Rs. 462 is divided among them, what is Deepi’s share? A) 123.56 B) 165.45 C) 143.3 D) 146.43

Last Answer : Answer: C) Ratio of initial investments = 1/3 : 1/4 : 1/5 = 20 :15 :12 Let their initial investments be 20x, 15x and 12x respectively Dhivya: Dinesh :Deepi = (20x *2 +10x *10) : (15x *12) : (12x*12) =140x : ... 70:90:72 = 35 : 45 :36 Deepi s share = Rs.462 * 36/116 = Rs(16632/116) =Rs.143.3

On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

Description : On an equity share of Rs. 100, the minimum amount payable on application under the law should be– (A) Rs. 20 (B) Rs. 15 (C) Rs. 10 (D) Rs. 5

Last Answer : Answer: Rs. 5

Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the return to shareholders. c. Setting accounts payable and accounts receivable policies. d. Driving the financial structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget

Description : Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the ... structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget

Last Answer : e. Deciding promo and sales budget

Rahul invested a certain amount in buying Rs. 25 shares of a company, which pays a dividend of 12%. If the earns 10% per annum on his investment, then

Description : Rahul invested a certain amount in buying Rs. 25 shares of a company, which pays a dividend of 12%. If the earns 10% per annum on his investment, then

Last Answer : Rahul invested a certain amount in buying Rs. 25 shares of a company, which pays a dividend of ... , then find the market value of each share.