In the formula Goodwill = Average Profits × Number of years’ purchase; Number of years’ purchase denotes:

Which of the following should be deducted from the net profit of a year when calculating average profits?

What is the main characteristic of the weighted average profit method?

When is the weighted average profit method preferred?

Given profits: 2013 ₹4,00,000; 2014 ₹3,98,000; 2015 ₹4,50,000; 2016 ₹4,45,000; 2017 ₹5,00,000. Calculate goodwill (4 years' purchase of 5 years’ average profit).

Profits: 2018–19 ₹46,000 (incl. abnormal gain ₹16,000); 2019–20 ₹80,000 (after abnormal loss ₹24,000); 2020–21 ₹76,000. Goodwill (2 years' purchase of avg. profit) = ?

Total weighted profits of Roswa Co. (2016–2019) with weights 1,2,3,4 and profits 50,000,70,000,60,000,1,00,000 = ?

Value of goodwill on basis of 3 years' purchase of weighted average profit (from above data) = ?

All the youngsters ________ respect their elders and teachers.

Your child is safe in the hands of a policeman. You ________ not worry.

“________ you please open that window?” — she asked politely.

You ________ have caught the train if you had run fast.

Raj ________ speak English.