Abid works at BYJU'S on a permanent basis. BYJU'S is a listed firm. Thus, Abid will be classified as .
Abid and Arjun decided to quit their jobs and set up a new business. Abid invested his savings worth Rs 10 lakhs in the business which could have earned him interest at the rate of 10% per annum. Abid was earning Rs 5 lakhs/year and Arjun was earning Rs 6 lakhs/year on their jobs. Which of the following is correct?
Capital employed in a business is Rs. 2,00,000. The normal rate of return on capital employed is 15%. During the year 2015 the firm earned a profit of Rs. 48,000. Calculate goodwill on the basis of 3 years purchase of super profit?