Mr. Sumit Grover owns an ancestral house in Goa. On the advice of his friend, he converted it into a hotel after renovation. The hotel was running smoothly and revenue from the hotel helped to increase his

income. On his death the property (hotel) was inherited by his three sons. Eldest son-Raj, Second- Ashish

and youngest son – Rahul who contributes the business as Joint Hindu Family Business.

(i). Name the law which governs the Joint Hindu Family Business.

(ii). Who among the three brothers has right to control the business?​

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Which of the following has the largest impact on opportunity cost

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.