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What do you mean by Small Scale Industries, and what is the
benefit of going to SSI, Pls explain in detail ??



What do you mean by Small Scale Industries, and what is the benefit of going to SSI, Pls explain i..

Answer / h.r. sreepada bhagi

based on Investment in Plant & Machinery, Turnover, etc.
Industries are classified in to Small Scale, Medium Scale,
Large Scale etc. To enjoy the benefits available to small
scale industries, in terms of financing, rate of interest,
preferential treatment and/or support/incentives by the
government, the Firm/Company needs to be registered (or
renewed from time to time) with the Department of Industries
& Commerce (Or any other designated department for the purpose).

For more authentic & detailed information, visit the said
department office in your city or where it's located near
your place.

Is This Answer Correct ?    11 Yes 24 No

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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.

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