Rajesh withdrawn rs12000 regularly the middle of each month. Interest is 12% per annum calculate interest on drawings
Interest on drawings = 12000×12=144000
144000×6/12×12/100
1440×1/2×12=8640
Fixed amount is withdrawn on the first day of the month 6.5 . Rajan a partner in a firm withdraws rs 3000 for month. Regularly only the first day of every month. Interest is 12% . Calculate interest on drawings
P' and 'Q' are partners in a firm, sharing profits and losses in the ratio of 2:1. Pwithdraw Rs. 2,000 per month regularly on the first day of every month during1997 for personal purposes. If interest on drawings is charged at 12% pa. calculatethe interest on drawings of A.
Suresh a partner in a firm withdrawns Rs 6000 regularly on the last day of every month. Interest on 12% premium. Calculate interest on drawings
Using the following information answer the questions 4 and 5 Mihiri. Bimali and Nisuri are partners who share profits equally. During the year ended 31.03.2019. partners had made drawings as follows. • Mihiri Rs. 3,000 at end of every month. • Bimali Rs. 2,500 at the end of every quarter • Nisuri Rs. 4,000 at the middle of every quarter Interest rate charged on drawings according to the agreement is 11% per annum. hess 5. The interest on drawings of...
Calculate u, d, and p when a binomial tree is constructed to value an option on a foreign currency. The tree step size is 1 month, the domestic interest rate is 5% per annum, the foreign interest rate is 8% per annum (each compounded continuously), and the volatility is 12% per annum.
a) On 1 July 2017, $10,000 was deposited into an account earning interest at 4 percent per annum compounding monthly. $500 is to be withdrawn each month, commencing on 1 July 2018. How many full monthly withdrawals of $500 can be made? (4 marks)
6.4. Calculate u, d, and p when a binomial tree is constructed to value an option on a foreign currency. The tree step size is one month, the domestic interest rate is 5% per annum, the foreign interest rate is 8% per annum, and the volatility is 12% per annum.
The information below relates
to “NOT partnership business” for the year ended 31st December,
2019 Nyamekye Oliver Twist GH¢’000 GH¢’000 GH¢’000 Capital
Introduced 20,000 30,000 40,000 Drawings 10,000 15,000 20,000 i.
Nyamekye is entitled to a salaries amounted to GH¢ 9,350,000 per
annum, sharing Profit or loss on the basis of capital contributed.
ii. Net profit for the period ended 31st December, 2019 was GH¢
38,500,000. Interest on drawings and Capital are 5% and 10% per
annum respectively. All expenses...
Calculate the value of an eight-month European put option on a currency with a strike price of 0.50. The current exchange rate is 0.52, the volatility of the exchange rate is 12%, the domestic risk-free interest rate is 4% per annum, and the foreign risk-free interest rate is 8% per annum.
The information below relates to “NOT partnership business” for the year ended 31st December, 2019 Nyamekye Oliver Twist GH¢’000 GH¢’000 GH¢’000 Capital Introduced 20,000 30,000 40,000 Drawings 10,000 15,000 20,000 i. Nyamekye is entitled to a salaries amounted to GH¢ 9,350,000 per annum, sharing Profit or loss on the basis of capital contributed. ii. Net profit for the period ended 31st December, 2019 was GH¢ 38,500,000. Interest on drawings and Capital are 5% and 10% per annum respectively. All expenses...