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?​

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)