Question
How much does a watch loss per day, if its hands
coincide every 60 minutes?Solution
55 minutes spaces are covered in 60 minutes. 60 minutes spaces are covered in [(60 × 60)/55] = 65 5/11 minutes Loss in 60 minutes (65 5/11 - 60) minutes = 5 5/11 minutes or 60/11 minutes Loss in 24 hours = 60/11 × 1/60 × 24 × 60 = 1440/11 or 130 10/11 minutes.
What relationship exists between the average collection period and accounts receivable turnover?
Which of the following features correctly describe different types of bonds?
1. Zero Coupon Bonds do not make periodic interest payments and are ...
Which type of reserves are not to be included for the calculation of Capital for Capital adequacy norms?
Which of the following statements is true about a Letter of Credit (LC)?
A company shall not, at any time, vary the terms of a contract referred to in the prospectus or objects for which the prospectus was issued, except subj...
Which of the following types of documentary credit allows the beneficiary (exporter) to receive payment even if the documents do not comply with the exa...
What financial services are offered by GFCs?
Which of the following is in the correct order?
Which of the following is a primary difference between investment banking and merchant banking ?
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