Capital is 3 lac rate of return is 10%average profit is 41000(aftrr an abnormal loss of 2000).calculate goodwill at 5 times the superprofit
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Answer:
Normal profit =300000*10%=30000
Average profit =41000+2000=43000(abnormal loss will be add)
super profit =Average profit -normal profit
=43000-30000
= 13000
Goodwill = super profit * 5
=13000*5
=65000
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