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A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?
- a)180
- b)200
- c)150
- d)175
Correct answer is 'C'. Can you explain this answer?
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Verified Answer
A company invited application for subscription of 5000 shares. The app...
180×5000/6000= 150
Most Upvoted Answer
A company invited application for subscription of 5000 shares. The app...
Given:
- Company invited applications for subscription of 5000 shares.
- Applications received for 6000 shares.
- Shares allotted on a pro-rata basis.
- Shyam applied for 180 shares.
To Find:
- Number of shares allotted to Shyam.
Solution:
Step 1: Calculate the Pro-rata Ratio
- The company received applications for 6000 shares, but they only have 5000 shares available.
- Therefore, the pro-rata ratio will be calculated as follows:
Pro-rata ratio = (Number of shares applied for / Total shares available) * Total shares offered
= (6000 / 5000) * 5000
= 1.2 * 5000
= 6000
Step 2: Calculate the Allotment
- Now, we can calculate the allotment for Shyam using the pro-rata ratio.
Allotment for Shyam = (Pro-rata ratio * Shyam's application) / Total applications received
= (6000 * 180) / 6000
= 180
Conclusion:
- Shyam will be allotted 150 shares. (Option C)
- Company invited applications for subscription of 5000 shares.
- Applications received for 6000 shares.
- Shares allotted on a pro-rata basis.
- Shyam applied for 180 shares.
To Find:
- Number of shares allotted to Shyam.
Solution:
Step 1: Calculate the Pro-rata Ratio
- The company received applications for 6000 shares, but they only have 5000 shares available.
- Therefore, the pro-rata ratio will be calculated as follows:
Pro-rata ratio = (Number of shares applied for / Total shares available) * Total shares offered
= (6000 / 5000) * 5000
= 1.2 * 5000
= 6000
Step 2: Calculate the Allotment
- Now, we can calculate the allotment for Shyam using the pro-rata ratio.
Allotment for Shyam = (Pro-rata ratio * Shyam's application) / Total applications received
= (6000 * 180) / 6000
= 180
Conclusion:
- Shyam will be allotted 150 shares. (Option C)
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Community Answer
A company invited application for subscription of 5000 shares. The app...
No.lf shares alloted=Total number of shares to be alloted/Total shares applied×total shares applied by shareholder5000/6000×180
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A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer?
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A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer?.
A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer?.
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A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer?, a detailed solution for A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer? has been provided alongside types of A company invited application for subscription of 5000 shares. The application were received for 6000 shares. The share were allotted on pro-rata bases. If Shyam applied for 180 shares, how many shares would be allotted to him?a)180b)200c)150d)175Correct answer is 'C'. Can you explain this answer? theory, EduRev gives you an
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