Question
The headquarter of IRDA is located in which
city?Solution
The headquarter of Insurance Regulatory and Development Authority (IRDAI) of India is located in Hyderabad. IRDAI is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.It was constituted by the Insurance Regulatory and Development Authority Act, 1999.
Sales = ₹200 lakhs, Variable cost = ₹120 lakhs, Fixed cost = ₹30 lakhs
Interest = ₹10 lakhs
Calculate (i) Operating Leverage and (...
A company has the following details:
• Net Profit: ₹12 lakh
• Equity: ₹60 lakh
• Debt: ₹40 lakh
• Interest: �...
Refer the following summarized Balance Sheet of Roy Ltd. as on 31‐3‐2023:
Current ratio = 1.5 and current assets = ₹3,00,000. Current liabilities are:
Two firms, Firm A and Firm B, are identical in all respects except their capital structure.
• Firm A (Unlevered): It is entirely equity finance...
For knowing the cash (liquidity) position of a company which of the ratio will be used?
A company's EBITDA is ₹18,00,000, depreciation ₹2,00,000, interest ₹1,00,000, tax 30%. Net profit after tax (approx) is:
A firm uses 70% debt financing at 10% interest. Its ROE rises despite flat operating profits. What explains this phenomenon?
XYZ Ltd. is a medium-sized manufacturing company. Its summarized Balance Sheet and additional financial information for the year ended 31st March 2024 a...
A company has a Current Ratio of 3:1. If it pays a current liability of ₹50,000, what will be the effect on the Current Ratio?