The question is incomplete, ending with "The Bod". I will assume the question asks for the calculation of the amounts received/due at each stage of the share issue process, considering the oversubscri
This computer science problem involves algorithmic thinking and programming concepts. The solution below explains the approach, logic, and implementation step by step.
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The question is incomplete, ending with "The Bod". I will assume the question asks for the calculation of the amounts received/due at each stage of the share issue process, considering the oversubscription and discount. I will also assume that the Board of Directors (BoD) decided to allot 15,000 shares on a pro-rata basis and adjust the excess application money towards allotment.
Given Information:
Shares Issued: 15,000 shares
Face Value per Share: Rs. 100
Discount per Share: Rs. 10
Issue Price per Share: Rs. 100 - Rs. 10 = Rs. 90
Applications Received: 25,000 shares (Oversubscription)
Payment Schedule:
On Application: Rs. 20
On Allotment: Rs. 40
On First and Final Call: Rs. 30
Total per share: Rs. 20 + Rs. 40 + Rs. 30 = Rs. 90 (Matches issue price)
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Step 1: Calculate Application Money
Application money received from applicants:
$$ \text{Application Money Received} = \text{Number of Applications} \times \text{Application Money per Share} $$
$$ \text{Application Money Received} = 25,000 \text{ shares} \times \text{Rs. } 20/\text{share} = \text{Rs. } 500,000 $$
Application money due on shares allotted (transferred to Share Capital):
$$ \text{Application Money Due} = \text{Number of Shares Allotted} \times \text{Application Money per Share} $$
$$ \text{Application Money Due} = 15,000 \text{ shares} \times \text{Rs. } 20/\text{share} = \text{Rs. } 300,000 $$
Excess application money:
$$ \text{Excess Application Money} = \text{Application Money Received} - \text{Application Money Due} $$
$$ \text{Excess Application Money} = \text{Rs. } 500,000 - \text{Rs. } 300,000 = \text{Rs. } 200,000 $$
This excess amount will be adjusted against the allotment money.
Step 2: Calculate Allotment Money
Allotment money due on shares allotted:
$$ \text{Allotment Money Due} = \text{Number of Shares Allotted} \times \text{Allotment Money per Share} $$
$$ \text{Allotment Money Due} = 15,000 \text{ shares} \times \text{Rs. } 40/\text{share} = \text{Rs. } 600,000 $$
Cash to be received on allotment:
$$ \text{Cash on Allotment} = \text{Allotment Money
