Mb0041 assignment spring_2016
- 1. Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com ASSIGNMENT DRIVE SPRING 2016 PROGRAM MBA SEMESTER I SSUBJECT CODE & NAME MB 0041 FINANCIAL AND MANAGEMENT ACCOUNTING BK ID B1624 CREDIT 4 MARKS 60 Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q.No Question Marks Total Marks 1 From the following information prepare the Balance Sheet of a Firm : Working Capital Gap : Rs. 4,50,000 Working Capital Ratio : 2.5 Velocity of Stock & Debtors : 6 times Quick Ratio : 1.5 Fixed Asset Turnover Ratio : 2 times Gross Profit Margin Ratio : 20 % Fixed Assets to Net Worth : 4/5 Capital is 2/3 of Equity A Based on above information prepare the Balance Sheet of a Firm 10 10 2 Write notes on : a) Value Added Ratios b) Balanced Score Card A a) Value Added Ratios b) Balanced Score Card 5 5 10 3 From the following Balance Sheet as on 31. 03. 2014 and 31. 03. 2015, prepare Cash Flow Statement using Indirect method: Liabilities 31.03.2014 31.03.2015 Share Capital 4,00,000 5,00,000 General Reserve 1,00,000 1,20,000 Profit and Loss Account 50,000 60,000 GetAnswersonwww.smuhelp.com
- 2. Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com Long Term Loan from Bank 1,00,000 NIL Creditors 1,50,000 1,40,000 Provision for Tax 40,000 50,000 Total 8,40,000 8,70,000 Assets Goodwill NIL 20,000 Land and Building 3,00,000 2,85,000 Plant and Machinery 2,50,000 3,00,000 Inventories 1,50,000 1,40,000 Receivables 1,00,000 95,000 Cash 40,000 30,000 Total 8,40,000 8,70,000 During the year 2014-15 : i) Dividend of Rs. 60,000 was paid. ii) Assets of a subsidiary was purchased for a consideration of Rs. 1,00,000. The assets include Inventories Rs. 40,000 and Machinery Rs. 60,000. iii) Depreciation written off on Machinery Rs. 25,000. iv) Income-tax provided during the year was Rs. Rs. 50,000 A From the above Balance Sheet as on 31. 03. 2014 and 31. 03. 2015, and further information provided; prepare a Cash Flow Statement using Indirect method: 10 10 4 Following information obtained from a manufacturing company : 01.04.2014 31.03.2015 Stock of Raw Materials 70,000 85,000 Stock of Finished Goods 1,20,000 1,40,000 Stock of Work – in – Progress 20,000 26,000 Indirect Labour - 65,000, Lubricants – 15,000, Insurance on Plant – 5,000, Purchase of Raw Materials – 3,00,000, Sales Commission - 75,000, Salaries to salesman – 1,00,000, Administrative Expenses – 1,50,000, Carriage Outward 20,000, Power – 20,000, Direct Labour - 2,00,000, Depreciation on machinery – 40,000, Factory Rent – 50,000, Property Tax on Factory Building – 14,000, Sales - 10,11,000 ----------------------------------------------------------------------------------------------------- Prepare a statement of Cost and Profit showing : (a) Cost of Raw Materials Consumed (b) Prime Cost (c) Total Manufacturing Cost or Factory Cost or Works Cost (d) Cost of Production (e) Cost of Goods available for Sale (f) Cost of Goods Sold (g) Cost of sales and (h) Profit GetAnswersonwww.smuhelp.com
- 3. Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com A Prepare a statement of Cost and Profit showing : a) Cost of Raw Materials Consumed b) Prime Cost c) Total Manufacturing Cost or Factory Cost or Works Cost d) Cost of Production e) Cost of Goods available for Sale f) Cost of Goods Sold g) Cost of sales and h) Profit 1 1 2 1 2 1 1 1 10 5 From the following information and assumption that the balance in hand on 1st Jan 2016 is Rs.1,35,000, prepare a cash budget for January 2016 to June 2016 Month Materials Sales Wages Sales & Distribution Overhed Production Overhead Administration Overhead January 60,000 1,54,000 25,000 10,000 12,000 2,500 February 72,000 2,04,000 29,200 12,000 12,600 3,400 March 61,000 1,82,000 26,200 13,000 12,000 3,500 April 71,200 1,87,200 60,000 15,400 13,000 3,500 May 84,000 2,15,000 54,000 19,000 16,000 4,000 June 87,600 2,27,400 56,000 21,000 16,400 4,000 Assume that 50% are cash sales. Assets are to be required in Feb. and April. Therefore, provision should be made for payment of Rs.26,000 and Rs.60,000 for the same. An application has been made to a bank for grant of loan of Rs. 50,000 and it is hoped that it will be received in the month of May. It is anticipated that a dividend of Rs.70,000 will be paid in June. Debtors are allowed 1 month credit. Sales commission @ 3% on sales is to be paid. Creditors (for goods and overhead) grant one month’s credit. A From the above information prepare a Cash Budget for six months from January 2016 to June 2016 10 10 6 The following data are obtained from the records of a company : 1st Yr. 2nd Year Rs. Rs. Sales 1,00,000 1,40,000 Profit 10,000 14,000 Calculate : (a) P/V Ratio (b) Break-even Point (c) Profit or Loss when Sales amount to Rs. 80,000; and (d) Sales required to earn a profit of Rs. 25,000 A From the above particulars calculate : (a) P/V Ratio 2 GetAnswersonwww.smuhelp.com
- 4. Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com Get Answers on www.smuHelp.comGetAnswersonwww.smuHelp.com (b) Break-even Point (c) Profit or Loss when Sales amount to Rs. 80,000; and (d) Sales required to earn a profit of Rs. 25,000 2 3 3 10 GetAnswersonwww.smuhelp.com