Tick mark the correct answer.A nominal partner.
A man invests ₹ 1680 in buying shares of nominal value ₹ 25 at 12% premium. The dividend on the shares is 15% per annum.Calculate
1) the number of shares he buys
2) the dividend he receives annually
A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C as a new partner. The profit and loss sharing shall be so adjusted that A receives half of B's share and C receives one-third of A's share. Calculate new profit sharing ratio and sacrificing ratio.
Mr. Gupta is a partner to a firm. He has been adding capital, taking part in decisions, receives maximum shares. What kind of partner is he in the company?
A man invests Rs.1,680 in buying shares of nominal value Rs.24 selling at 12% premium. The dividend on the shares is 15% per annum
Calculate the dividend he receives?