MBA JUNE 2017 solved assignments
GET SOLVED ASSIGNMENTS VISIT WWW.SMUSOLVEDASSIGNMENTS.COM Or Mail us at [email protected] INTERNAL ASSIGNMENT APPLICABLE FOR JUNE 2017 EXAMINATION COURSE: Business Statistics 1. Sixty per cent of students applying for admissions at NGASCE are female. 30 applications were received on a particular day. What is the probability that exactly 15 of the applications will be from females? What is the probability that fewer than 10 of the applications will be from females? Also, calculate the expected number and variance of the number of applications from females? (10 marks) 2. The following data represent the number of Pen drives sold per day at a local computer shop and their daily average sales prices after bargain. (10 marks) Price of each pen drive (x) Units Sold (y) INR 340 3 Develop a least-squares regression line and explain what the slope of the line indicates. Compute the coefficient of determination and comment on the strength of relationship between x and y. GET SOLVED ASSIGNMENTS AT Rs.250 per subject VISIT WWW.SMUSOLVEDASSIGNMENTS.COM Or Mail us at [email protected] 3. The growth in bad-debt expense for Chadha and Chadha Company over the last 20 years is as follows. 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 0.11 0.09 0.08 0.08 0.1 0.11 0.12 0.1 0.07 0.09 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0.08 0.05 0.04 0.08 0.5 0.01 0.4 0.03 0.11 0.13 a) With the help of different statistical tools discuss the financial health of the company. (5 Marks) b) Assume that you are a branch manager with a leading bank and if the Chadha and Chadha Company’s Managing Director approaches you with a funding request for its expansion plan, what will be your decision? Justify your decision based on your statistical analysis. Financial Accounting & Analysis Question 1 Income statement for the year ended 31st March 17, is as under (10 Marks) (Rs in lacs) Previous year 2016 Current Year 2017 Gross Sales Less: Returns 1200 225 1500 300 Net sales Less: Cost of goods sold 975 438.75 1200 600 Gross profit Less: Selling and distribution Exp. GET SOLVED ASSIGNMENTS AT Rs.250 per subject VISIT WWW.SMUSOLVEDASSIGNMENTS.COM Or Mail us at [email protected] 536.25 140 600 180 Operating Profit Less: Interest expenses 396 101 420 126 Earnings before taxes Less: Taxes 295 118 294 117.6 Earnings after taxes 177 176.4 Required: Convert it into common size income statement. GET SOLVED ASSIGNMENTS AT Rs.250 per subject VISIT WWW.SMUSOLVEDASSIGNMENTS.COM Or Mail us at [email protected] Question 2 The matching concept of accounting suggests that in order to calculate accurate amount of profit or loss for the period the expenses or revenues should be recognized correctly. Thus, it is important to differentiate between the capital and revenue items. Mr. Ramchandani purchased Shaper Jet 3D printer at Rs90000, extra printer cartridges and ink for Rs10000 for his business. Discuss how the expenditure will be treated while preparing the financial statements. Provided the rate of depreciation on printer and related assets is 10 % p.a. (10 Marks) Question 3 a) TCD Ltd provided Rs50 lacs for inventory obsolescence in 2013-14. In the subsequent year, it was determined that 25 % of such stocks are usable. The accounts manager of the company wants to adjust the same through prior period adjustment account, as the provision was made in the earlier years. Give your opinion whether the contention of the accounts manager is correct or not. (5 Marks) b) Rectify the following errors by passing Journal entry (5 Marks) • Paid Rs15000 for advertisement debited to electricity expenses • Received Rs250000 on account of cash sales to Jannaak omitted to recorded in the books GET SOLVED ASSIGNMENTS AT Rs.250 per subject VISIT WWW.SMUSOLVEDASSIGNMENTS.COM Or Mail us at [email protected]
