: [ 4 x 5 = 20 marks ] (ii) Anil and Mukesh are partners sharing profit and losses in the ratio of 3 : 2. Govind is admitted for ¼th share of firm. Thereafter Madan enters for 20 paisa in a rupee. Compute new profit sharing ratios under both the admission of partners. (iii) The following Goodwill Account was opened by the partners of R and S‚ on the admission of H as a new partner into firm Om and Sons. Calculate the share of profit agreed to be
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Not-for-Profit According to Merriam-Webster.com‚ Not-for-Profit‚ also known as nonprofit is defined as‚ “not existing or done for the purpose of making a profit.” Whereas For-Profit is the opposite and is defined as “existing or done for the purpose of making a profit.” I am an ethnographic researcher for a popular organizational behavior research journal. In this article‚ we will be looking at 2 popular and major organizations‚ where one is Not-for-Profit and the other is For-Profit and identifying
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PROFIT MAXIMISATION IN ZIMBABWE The traditional economist’s view is that firms are profit maximizes‚ with each decision based on the need to maximize profits (Griffiths and Wall‚ 2005). Although the assumption of profit maximization has come under repeated criticism‚ it still remains relevant to the Zimbabwean firm today irrespective of size. To begin with‚ a profit objective is often the principal reason for the original formation of the smaller companies‚ the majority of which are under the direct
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1. What is your Jung Typology profile? (ISTJ‚ ISFJ‚ INFJ‚ INTJ‚ ISTP‚ ISFP‚ INFP‚ INTP‚ ESTP‚ ESFP‚ ENFP‚ ENTP‚ ESTJ‚ ESFJ‚ ENFJ‚ ENTJ) ENTJ 2. What does your Jung Typology profile type indicate about yourself? (Refer to the TypeLogic or Know Your Type link) My profile indicated that I am a natural leader and that I stand up for myself whether it is with friends or through confrontation. It stated that i also enjoy the opportunity to organize and lead. 3. What is your primary learning style(s)
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COSTS AND COSTING 6 6.3 PROFIT AND LOSS AND BALANCE SHEETS . Simple Financial Calculations . Analysing Performance - The Balance Sheet . Analysing Performance . Analysing Financial Performance . Profit And Loss Forecast . Profit And Loss Calculations . The Balance Sheet Exercise P 213 . Your books tell you what’s happened in the past. . Your cash flow forecast is about what may happen in the future. . What about now? How are we doing right now? For every single bit of goods or services you supply
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Rough Draft There were many things going on in the 1960’s. At the end of the fifites‚ It was thought that this new decade was going to hold a great future. However‚ it quickly turned into a decade of unrest. The most signficant event was the Vietnam War. It was a very stressful time for America. American’s often used sports for a diversion from the trouble time. The biggest historical‚ political and social event of the 1960’s was the United States involvement in the Vietnam War. According
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Definition of Non-Profit Organizations Associations‚ charities‚ cooperatives‚ and other voluntary organizations formed to further cultural‚ educational‚ religious‚ professional‚ or public service objectives. Non-Profit Organization startup funding is provided by their members‚ trustees‚ or others who do not expect repayment‚ and who do not share in the organization’s profits or losses which are retained or absorbed. Approved‚ incorporated‚ or registered Non-Profit Organizations are usually granted
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In the 1930’s‚ a plethora of lynchings were happening throughout the United States. Many black men and women were being falsely accused of crimes that they did not commit and were put in jail. Some whites believed that they deserved worse than what they were already being put through‚ so they invaded the jails and kidnapped many blacks and lynched them in front of large crowds of people. Abel Meeropol wrote the poem‚ Strange Fruit‚ as a protest to these lynchings. The poem describes the injustice of blacks and whites faced during
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You must submit to your husband‚ you must let him talk first and wait to put your input in until he has gotten settled in the house‚ and you must be ready for whatever his needs are; the roles of women in the 1800’s. In the play A Doll’s House author Henrik Ibsen wrote about a married couple named Nora and Torvald their relationship from the start had readers very uncomfortable and feeling emotions towards their dynamics. Nora shows that she has a secret side by going behind Torvalds back and getting
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Is it possible for large‚ profit focussed organisations to be both profitable and “fair”? Over the past year there have been an increasing number of issues which have risen on how businesses such as Amazon‚ Thames Water‚ Google‚ Facebook and Starbucks have made vast amount of profits but haven’t been fair-minded. For example Starbucks made £400m sales in the UK but paid no corporation tax. According to Milton Freidman the main objective of a business is to increase profits so long as it stays within
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