Government is planning to construct an expressway.
For this the government requires management,
technical expertise and financial help to complete it.
The government makes a contract with a private
company to construct the express way. Identify the
form of enterprise and mention one advantage of this
form of business
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Explanation:
The capital employed in a firm is 5,00,000. Average rate of return on capital is 15%. The expected net profit of the firm is 1,50,000 for the year. The remuneration of the partners is estimated to be 25,000 p.a. Calculate the value of goodwill on the basis of two years' purchase of super profit.
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