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A company has 12 machines of equal efficiency in its factory. The annual manufacturing expenses are Rs. 24,000 and the establishment charges are Rs. 10,000. The annual output of the company is Rs. 48,000. The annual output and manufacturing costs are directly proportional to the no. of machines while the share holders get the 10% profit, which is directly proportional to the annual output of the company. If 8.33% of machines remained close throughout the year. Then the percentage decrease in the amount of share holders is :

Correct Answer: 14.28%
No. of MachinesOutputManuf. costEst. costTotal costProfit
1248, 00024, 00010, 00034, 00014, 000
1144, 00022, 00010, 00032, 00012, 000
Profit, = Output - total cost= 44000 - 32000= Rs. 12000Initial value of share holders, = 14000 $$ \times \frac{{10}}{{100}}$$ = Rs. 1400New value of share holders, = 12000 $$ \times \frac{{10}}{{100}}$$ = Rs. 1200
Decrease in Share holder value = 1400 - 1200 = 200
percentage decrease in the value of shareholders is :
$$\eqalign{ & = \frac{{200 \times 100}}{{1400}} \cr & = 14.28\% \cr} $$

The following are the two statements regarding concept of profit. Which of the statements being correct or incorrect.
Statement I Accounting profit is a surplus of total revenue over and above all paid-out costs, including both manufacturing and overhead expenses.
Statement II Economic or pure profit is a residual left after all contractual costs have been met, including the transfer costs of management, insurable risks, depreciation and payments to shareholders sufficient to maintain investment at its current level.

Which of the following mathematical expression is/are not correct? i) Prime cost = Direct material cost + Direct labour cost + Direct expenses ii) Factory cost = Prime cost + Factory expenses iii) Office cost = Factory cost – Administrative expenses

Which of the following statements are true/false?
1. No child shall be employed or permitted to work, in any factory for more than four and a half hours in any day and during the night.
2. A child who has completed his eighteenth year or an adolescent shall not be required or allowed to work in any factory unless he has a certificate of fitness is granted in the custody of the manager of the factory.
3. The period of work of all children employed in a factory shall be limited to two shifts which shall not overlap or spread over more than five hours each.
4. No female child shall be required or allowed to work in any factory except between 8 A.M. and 7 P.M.

Consider the following for the definition of principal employer under Inter-state Workmen Regulation Act, 1979.
1. It is the head of that office or department in any department of the government.
2. In a factory, the owner or occupier of the factory and where a person has been named as the manager of the factory under the Factories Act, 1948.
3. In a mine, the owner or agent of the mine and where a person has been named as the manager of the mine.
4. In any other establishment, any person responsible for the supervision and control of the establishment.

Which of the following statements are true/ false?
1. Every employer shall be bound to pay to every employee in respect of the accounting year commencing on any day in the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 9.33% of the salary or wages earned by the employee during the accounting year or one hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the accounting year.
2. Bonus will be paid in cash to the employees.
3. If the allocable surplus exceeds the amount of minimum bonus payable to the employees, the employer is bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wages earned by the employee during the accounting year subject to a maximum of 10% of such salary or wage.
4. Bonus needs to be paid within a period of eight months from the close of the accounting year.

A, B and C started a business by investing Rs. 24000, Rs. 32000 and Rs. 18000 respectively. A and B are active partners and get 15% and 12% of total profit and remaining profit is to be distributed among them in the ratio of their investment. If C got total Rs. 65700 as a profit, what was the total amount of profit ?

The charges for a five-day trip by a tourist bus for one full ticket and a half-ticket are Rs. 1440 inclusive of boarding charges which are same for a full ticket and a half-ticket. The charges for the same trip for 2 full tickets and one half-ticket inclusive of boarding charges are Rs. 2220. The fare for a half-ticket is 75% of the full ticket. Find the fare and the boarding charges separately for one full ticket.

Consider the data below and answer the questions based on it.
Factory Expenses = Rs. 30000
Administrative Expenses = Rs. 20000
Labour Cost = Rs. 25000
Materials = Rs. 35000
Selling Expenses = Rs. 10000
Ascertain the prime cost with the help of the given cost data.

Principle: A person who voluntarily takes a decision to do something after appreciating the risk involved in such act and then receives an injury, will not be entitled to get any compensation.
Facts: 'X', an electrical engineer, was invited by his friend 'Y', to the factory where he was employed. While they were in the factory, 'Q' a worker in the factory informed 'Y' about some short-circuit in the power room. Hearing this, 'Y' asked 'X' to stay in the office room and rushed to the power room. 'X' however, decided to follow 'Y'. 'X' noticed that if the power supply through a particular electric line could be disconnected, the electrical leakage could be stopped which would prevent further damage. Suddenly 'X' decided to pullout the wire manually even though it was risky. This resulted in a blast in which both 'X' and 'Y' got injured. 'X' had to spend Rs. 1 lakh at the hospital for his treatment. 'X' wants to file a suit for compensation from the management of the factory. Will he succeed?

There are 1250 cars in a factory. The factory produces 5 cars hourly. If the sales of the factory are 50 cars per day, what will be the sale percentage to the total cars held by the factory after 5 days. It is known that the factory runs 8 hours daily.