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Answers
1. The best short of character is formed by-
a) constant watchfulness, self-discipline and self-control.✔️
b) improving others' character. ❌
c) criticizing the mistakes of fellow human
beings. ❌
2. Temptations and difficulties can be overcome if-
a) One gets depressed.❌
b) One feels agitated.❌
c) The spirit is strong and the heart is upright. ✔️
3. A man of character puts his conscience into-
a) his words.❌
b) his every action.❌
c) all the above.✔️
4. A person who has good character is-
a) reverental and conscientious✔️
b) arrogant❌
c) proud❌
5.Find one word for ‘persons or things living or existing at the same time as another’ from the passage. (para 3)
a) homage❌
b) contemporaries✔️
c) Reverence❌
6. Antonym of failure'. (para 2)
a) Success✔️
b) stumbling❌
c) temptations❌
7. Synonym of 'essential'. (para 3)
a) indispensable✔️
b) reverence❌
c) possession❌
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Answer:
Answer:
The amount of Goodwill = 45,000
Explanation:
Given :
• The Goodwill of firms should be valued on the basis of 3 year purchase
• 4 years average profit
\begin{gathered}\begin{tabular}{|c|c|}\cline{1-2} Year & Profit \\\cline{1-2}\ 2013 & 12,000 \\\cline{1-2}\ 2014 & 18,000 \\\cline{1-2}\ 2015 & 16,000 \\\cline{1-2}\ 2016 & 14,000 \\\cline{1-2}\end{tabular}\end{gathered}
To find :
• Calculate the amount of Goodwill
Solution :
Goodwill = Average Profit × Number of year's Purchases
★ Average profit =
\sf{\longrightarrow{\dfrac{Total \: Profit \: for \: past \: given \: years}{Number \: of \: years}}}⟶
Numberofyears
TotalProfitforpastgivenyears
\sf{\longrightarrow{\dfrac{12,000 \: + \: 18,000\: + \: 16,000 \: + 14,000}{4}}}⟶
4
12,000+18,000+16,000+14,000
\sf{\longrightarrow{\dfrac{60,000}{4} = 15,000}}⟶
4
60,000
=15,000
Goodwill = Average Profit × Number of year's Purchases
Number of years Purchases = 3 years
Goodwill = 15,000 × 3
\longrightarrow \: 45,000⟶45,000
Therefore,
The amount of Goodwill = 45,000