Archive for the ‘1st SEM’
1 A statistical survey is a scientific process of collection and analysis of numerical data. Explain the stages of statistical survey. Describe the various methods for collecting data in a statistical survey.
Answer:- Definition of Statistical Survey
A Statistical Survey is a scientific process of collection and analysis of numerical data. Statistical surveys are used to collect information about units in a population and it involves asking questions to individuals. Surveys of human populations are common in government, health, social science and marketing sectors.
Stages of Statistical Survey: Statistical surveys involve two stages namely — Planning and Execution. Figure 2.1 shows the two broad stages of Statistical Survey (more…)
Announcement
Announcement :
Pre Booking Started For SMU MBA Fall 2013 Assignments Solutions. Students those who are looking for assignments solution.
Kindly send SMS on +91 8592923799 or +91 9995105420 or email to kvsude@gmail.com.
SMS format ” booking [space] sem No.[space] Email Id “. First 100 student will get 15% Discount
SOLVED ASSIGNMENTS CONTACT US
Dear Students,
Summer 2013 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420, +966 54 697 6607 we will reach back you with in 24H ”
Caution : We found that , many unknown person , copied our caption and using it for their advertisement Kindly beware of this kinda activities and lose of Money by fake people. Always choose smumbaassignment.com for getting your solutions.
Kindly visit our Facebook & LinkedIn Profile suing the following Links
FB: https://www.facebook.com/smumbaassignments
LinkedIn : http://www.linkedin.com/in/smumbaassignments
For more info Email to : kvsude@gmail.com
since 2005 [ 8 years of experience in Solving Assignments ] our Skype ID : kvsude
Bangalore | Delhi | Kerala | Himachal | Chennai | Hyderabad | Qatar | Saudi Arabia | Kuwait | Austria | Canada |
smu mba assignments
We Solve | SMU | IGNOU | DIMA |IACT | AIMA | ISBM | NIMS | NIBM | UPES | Anna University
The smumbaassignment.com team is just a click away, meaning now there is no need to struggle with an assignment anymore; we are here to provide you with sample assignments as per your requirements!
The following data are related to the manufacture of a standard product during the month of July 2009. Raw materials consumed Rs.15,000 Direct wages Rs. 9,000 Machine hours worked 900 hours Machine hours rate Rs.5 Administrative overheads 20% of works cost Selling overheads Re.0.50 per unit Units produced 17,100 Units Sold 16,000 @ Rs.4 per unit Prepare a cost sheet from the above to show: a. The cost per unit b. The profit per unit sold and profit for the period Hint: Profit = 24000
Answer :
Sales 64,000
Raw materials 15,000
Direct wages 6,000
Variable and fixed OH 10,000
Administrative overheads 9000
Profit 24,000
Q6. Write the differences between absorption costing and management costing.
Answer : What is Absorption Costing?
A management cost accounting method of expensing all the costs related with the production of a particular product is known as absorption costing. Absorption costing utilizes the total overhead costs and total direct costs related with producing a product as the cost base. The GAAP need absorption costing for external reporting. Generally accepted accounting principles (GAAP) require the absorption costing for the external reporting.
ABSORPTION COSTING VS MARGINAL COSTING
| 1) Both fixed and variable cost are considered for product costing and inventory valuation. | 1) Only variable cost is considered for product costing and inventory valuation. |
| 2) The fixed cost is charged to cost of production.
Each product is to bear a reasonable share of fixed cost and profitability of product is thus influenced by subjective apportionment of fixed cost. |
2) Treatment of fixed overhead is different. Fixed cost is considered as a period cost. And profitability of different product is judged by P/V ratio. |
| 3) Presentation of cost is on conventional pattern. Net profit of each product is determined after deducting fixed overheads. | 3) Production of data is oriented to highlight the total contribution and contribution from each product. |
| 4) The difference in the magnitude of opening stock and closing stock affects the unit cost of production due to the impact of related fixed overheads. | 4) The difference in the magnitude of opening stock and closing stock does not affect the unit cost of production. |
Limitations of Absorption Costing–
1) In practice, this method employs highly arbitrary method of apportionment of overhead. This reduces the practical utility of cost data for control purposes.
2) Under absorption costing, fixed cost relating to closing stock is carried forward to the next year. Similarly, fixed cost relating to opening stock is charged to current year instead of previous year. Thus under this method, all the fixed cost is not charged against the revenue of the year in which they are incurred. It is an unsound practice.
3) Under the absorption costing collection of cost data is not very useful fir decision making., because the process of assigning product cost a reasonable share of fixed overhead obscures cost-volume-profit relationship.
4) Under the absorption costing, behavior pattern of cost is not highlighted and thus many s\situations which can be utilized under the marginal costing are likely to go unnoticed under the absorption costing.
Following is the balance sheet for the period ending 31st March 2006 and 2007. If the current year’s net loss is Rs.38,000, calculate the cash flow from operating activities. 31st MARCH 2006 2007 Short-term loan to employees 15,000 18,000 Creditors 30,000 8,000 Provision for doubtful debts 1,200 – Bills payable 18,000 20,000 Stock in trade 15,000 13,000 Bills receivable 10,000 22,000 Prepaid expenses 800 600 Outstanding expenses 300 500 Hint: Net cash lost in operating activities (69800)
Answer : In financial accounting, operating cash flow (OCF), cash flow provided by operations or cash flow from operating activities (CFO), refers to the amount of cash a company generates from the revenues it brings in, excluding costs associated with long-term investment on capital items or investment in securities. The International Financial Reporting Standards defines operating cash flow as cash generated from operations less taxation and interest paid, investment income received and less dividends paid gives rise to operating cash flows. To calculate cash generated from operations, one must calculate cash generated from customers and cash paid to suppliers. The difference between the two reflects cash generated from operations.
CFO = -38,000 – 8,000 -1,200 – 22,000 – 600 = -69,800
So, we get net cash lost in operating activities of -69,800.
Draw the Balance Sheet for the following information provided by Sarawath Ltd.. a. Current Ratio : 2.50 b. Liquidity Ratio : 1.50 c. Net Working Capital : Rs.300000 d. Stock Turnover Ratio : 6 times e. Ratio of Gross Profit to Sales : 20% f. Fixed Asset Turnover Ratio : 2 times g. Average Debt collection period : 2 months h. Fixed Assets to Net Worth : 0.80 i. Reserve and Surplus to Capital : 0.50
Answer :
Here we can see the table with some formulas.
Current Ratio current assets/current liabilities 2,5
(current assets – inventory)/current
Liquidity Ratio Liabilities 1,5
Net Working Capital current assets – current liabilities 300000
Stock Turnover Ratio net sales/inventory 6
Ratio of Gross Profit to Sales (revenue – cost of goods)/net sales 0,2
Fixed Asset Turnover Ratio
Average net sales/fixed assets 2
Debt collection period (Average Debtors / Credit Sales) x 365 2
Fixed Assets to Net Worth fixed assets/(total assets – total
Liabilities) 0,8
Reserve and Surplus to Capital Reserve and Surplus to Capital 0,5
B/S Balance 1100000
Using these formulas we can calculate:
Current assets 500000
Inventory 200000
Current liabilities 200000
Net sales 1200000
Gross profit 240000
Fixed assets 600000
So, we can build the balance sheet.
Balance
Fixed assets 600000
Current assets and inventory 500000
Total Assets: 1100000
Current liabilities 200000
Capital 480000
Long-term liabilities and other 420000
Total Liabilities: 1100000
An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors. a) b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account. c) An expenditure of Rs. 158 on repairs has been debited to the buildings account. d) Rs. 80 was allowed by B as discount which has not been entered in the books. e) A sum of Rs. 125.05 realised on the sale of old furniture has been posted to the sales account. Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments Hint: Total of suspense a/c = 78.74
When an error is discovered in the accounting records, it should be corrected immediately to prevent wrong data which will result to unreliable financial statements. This is done through a correcting entry.
A correcting entry is a journal entry whose purpose is to rectify the effect of an incorrect entry previously made.
The correcting entries will be:
a) Accounts Payable 10
Cash 10
b) Accounts Payable 9
c) Buildings 158
Repairs 158
d) Accounts Payable 80
Purchases 80
e) Sales 125.05
f) Cash 125.05
Total of suspense a/c = 78.74
Q1.Discuss the role of entrepreneurs in economic development. Why should the government help the entrepreneurs and in what way the Government can help?
Answer:- Role of entrepreneurs – Entrepreneurs occupy a central position in a market economy. For it’s the entrepreneurs who serve as the spark plug in the economy’s engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct.A society is prosperous only to the degree to which it rewards and encourages entrepreneurial activity because it is the entrepreneurs and their activities that are the critical determinant of the level of success, prosperity, growth and opportunity in any economy. The most dynamic societies in the world are the ones that have the most entrepreneurs, plus the economic and legal structure to encourage and motivate entrepreneurs to greater activities. (more…)
Q1.What are special events? Give example. What is meant by vision statement? What are the components of a good vision statement?
Answer: – Meaning of Special events- Special events help marketers build brand image and awareness for their products, as well as helping generate trade merchandising. Examples of special events include:
Example- Sponsorship (racing team, bat days, etc.) – can help achieve short-term business gains. The customer/consumer response is usually positive; however, no “ownership” is possible since several marketers are working with teams to provide special events. Brands must develop new and distinctive tie-ins to effectively compete as a sponsor. (more…)
Q1. Tourism is one of the biggest industries. Discuss the meaning of tourism and event tourism. How are events categorized?
Answer:- Tourism is travel for recreational, leisure, or business purposes. The World Tourism Organization defines tourists as people “traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes” (more…)
Q1.The role and scope of event management is to deliver successful events. Analyse the scope of Event Management.
Answer:- Introduction to event management- Event management is the application of project managementto the creation and development of festivals, events and conferences.Event management involves studying the intricacies of the brand, identifying the target audience, devising the event concept, planning the logistics and coordinating the technical aspects before actually launching the event.Post-event analysis and ensuring a return on investment have become significant drivers for the event industry (more…)
Q6.Explain major considerations in capital structure planning. Write about the dividend policy and factors affecting dividend decisions. (Explanation of factors of capital structure planning 6 marks; Explanation of dividend policy 2 marks; factors affecting dividend decisions 2 marks) 10marks
1. Trading on Equity:
The word “equity” denotes the ownership of the company. Trading on equity means taking advantage of equity share capital to borrowed funds on reasonable basis. It refers to additional profits that equity shareholders earn because of issuance of debentures and preference shares.
Q5.Explain the Service Tax Law in India and concept of negative list. Write about the exemptions and rebates in Service Tax Law. (Explanation of Service Tax Law in India 5 marks; explanation of concept of negative list 2marks; Explanation of exemptions and rebates in Service Tax Law 3 marks) 10marks
Generally, the liability to pay service tax has been placed on the ‘service provider’. However, in respect of the taxable services notified under Sec.68(2) of the Finance Act,1994, the service tax shall be paid by s (more…)
Q4.What do you understand by customs duty? Explain the taxable events for imported, warehoused and exported goods. List down the types of duties in customs. An importer imports goods for subsequent sale in India at $10,000 on assessable value basis. Relevant exchange rate and rate of duty are as follows: Particulars Date Exchange Rate Declared by CBE&C Rate of Basic Customs Duty Date of submission of bill of entry 25th February, 2010 Rs.45/$ 8% Date of entry inwards granted to the vessel 5th March, 2010 Rs.49/$ 10% Calculate assessable value and customs duty. (Meaning and explanation of customs duty 2 marks; Explanation of taxable events for imported, warehoused and exported goods 3 marks; Listing of duties in customs 2 marks; Calculation of assessable value and customs duty 3marks) 10marks
Custom duty :A customs duty is a tariff or tax on the importation (usually) or exportation (unusually) of goods. In theKingdom of England, customs duties were typically part of the customary revenue of the king, and therefore did not need parliamentary consent to be levied, unlike excise duty, land tax, or other forms of taxes. Commercial goods not yet cleared through customs are held in a customs area, often called a bonded store, until processed (more…)
Q3.X Ltd. has Unit C which is not functioning satisfactorily. The following are the details of its fixed assets: Asset Date of acquisition Book value (Rs. lakh ) Land Goodwill (raised in books on 31st March, 2005) Machinery Plant 10th February, 2003 5th April, 1999 12th April, 2004 30 10 40 20 The written down value (WDV) is Rs. 25 lakh for the machinery, and Rs.15 lakh for the plant. The liabilities on this Unit on 31st March, 2011 are Rs.35 lakh. The following are two options as on 31st March, 2011: Option 1: Slump sale to Y Ltd for a consideration of 85 lakh. Option 2: Individual sale of assets as follows: Land Rs.48 lakh, goodwill Rs.20 lakh, machinery Rs.32 lakh, Plant Rs.17 lakh. The other units derive taxable income and there is no carry forward of loss or depreciation for the company as a whole. Unit C was started on 1st January, 2005. Which option would you choose, and why? (Computation of capital gain for both the options 4 marks; Computation of tax liability for both the options 4 marks ; Conclusion 2 marks) 10marks
Answer : Total price of the unit is :Option 1 :
The net wealth of the undertaking (aggregate value of the total assets of the undertaking minus the value of the (more…)
Q2.Explain the categories in Capital assets. Mr. C acquired a plot of land on 15th June, 1993 for 10,00,000 and sold it on 5th January, 2010 for 41,00,000. The expenses of transfer were 1,00,000.Mr. C made the following investments on 4th February, 2010 from the proceeds of the plot. a) Bonds of Rural Electrification Corporation redeemable after a period of three years, 12,00,000. b) Deposits under Capital Gain Scheme for purchase of a residential house 8,00,000 (he does not own any house).Compute the capital gain chargeable to tax for the AY2010-11. (Explanation of categories of capital assets 4 marks ; Calculation of indexed cost of acquisition 2 marks; Calculation of long term capital gain 2 marks; calculation of taxable long term capital gain 2 marks) 10marks
Answer : Categories of capital assets :
1. Collectibles : Long-term investments in collectibles are taxed at a flat 28%. Short-term investments in collectibles are taxed as short-term capital gains at your ordinary income tax rates. Collectibles include the following items: (more…)
Q1.Describe the investment process.
MF0010 —Security Analysis and Portfolio Management- 4 Credits
How to get A+ grades in SMU MBA ASSIGNMENTS?
Smumbaassignment.com seen our many SMU MBA friends who not only achieve,” A+” grades in Assignments but they are able to get, “A” grades in assignments/projects as well. I, myself, got, “A” grades in many course codes. Especially in MF10/13 MB 52/53, I achieved full marks (in both assignments and Projects reports) (more…)
Q1. Explain treasury management, its need and benefits and treasury exposure.
Answer: – Treasury management is the process of planning, organising and managing the organisation’s holdings, trading’s, corporate bonds, currencies, financial futures, associated risks, options, derivatives, and payment systems. It handles all the financial matters including external and internal funds for business, complex strategies, and procedures of corporate finance to optimise interest and currency flows. It helps in planning and executing communication programmes to enhance investors’ confidence in the organisation. (more…)
Q1. Briefly explain the six risk management processes.
Answer : Risk Management Process Overview – The following diagram illustrates the six steps of the risk management process: identify, analyze and prioritize, plan and schedule, track and report, control, and learn. It is important to understand that the process of managing each risk goes through all of these steps at least once and often cycles through numerous times. Also, each risk has its own timeline, so multiple risks might be in each step at any point in time. (more…)
Q1. Identify the role of merchant banking as financial intermediaries.
Answer: A well developed non-bank financial sector is viewed as an important component of a healthy and efficient financial system that can provide a sound base for growth and prosperity in the economy. This study observes that the non-bank financial sector has developed significantly in the SEACEN countries in the last two decades and it has helped widen and deepen the financial systems in these countries. The degree and scope of non-bank financial intermediation varies in the SEACEN region according to the extent of development of the financial systems. In more developed financial systems like those of Korea, Taiwan, Singapore, Malaysia, Thailand, and Philippines, the non-bank financial intermediation has reached the maturity stage while in the less developed financial systems of Sri Lanka and Nepal, such intermediation is still in the growing stage. Various types of non-bank financial institutions (NBFIs) are operating in the SEACEN countries. (more…)
Q1. What are the goals and functions of the World Bank, the IDA and the IFC?
Answer: – The World Bank
The World Bank group is a multinational financial institution established at the end of World War II (1944) to help provide long-term capital for the reconstruction and development of member countries.
The purposes for the setting up of the Bank are
Q1. Write a short note on GATT and WTO, highlighting the difference between the two.
Answer : General Agreement on Tariff and Trade(GATT) was established on a provisional basis after the Second World War in the wake of other new multilateral institutions dedicated to international economic cooperation — notably the “Britton Woods” institutions now known as the World Bank and the International Monetary Fund. (more…)
