Musa and Taraba entered into a joint venture to trade in grain, maintaining a separate set of books with a Joint Bank Account. Total sales revenue deposited into the Joint Bank Account amounted to \text{\mathbb{N}}850,000, while total venture purchases and expenses paid through the bank totaled \text{\mathbb{N}}600,000. If profits and losses are shared equally between Musa and Taraba, what is Musa's share of the net joint venture profit in Naira (\text{\mathbb{N}})?
Cevap: 125000 NGN
Cevap
Musa's share of the net joint venture profit is 125,000 Naira.
The total profit of the joint venture is found by taking total revenues credited to the Joint Venture Account (\text{\mathbb{N}}850,000) minus total expenses debited to the Joint Venture Account (\text{\mathbb{N}}600,000), giving a net profit of \text{\mathbb{N}}250,000. Since profits are shared equally (1:1 ratio), Musa's share is half of \text{\mathbb{N}}250,000, which equals \text{\mathbb{N}}125,000.
Adım Adım Çözüm
Anahtar Kavram
Calculation of Net Joint Venture Profit and Venturer Profit Share using Separate Books