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SPRING 2016
MBA SEMESTER I
MB0041 FINANCIAL
AND MANAGEMENT ACCOUNTING
Q1. 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
1.
Calculation of Fixed Assets:
Q2.Write notes on:
a) Value Added Ratios
b) Balanced Score Card
a) Value Added
Ratios: It expresses the value added per unit of an input or any other measure.
The following are the most commonly used value added ratios.
1. Value added
per employee
2. Value added
per rupee of labour cost
3. Value
Q3.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
|
|
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
Cash Flow Statement
(Indirect Method)
|
1. Cash flow from operating activities
|
|
|
Q4.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
Following information has been
obtained from the records of a manufacturing company:
|
Particulars
|
1-1-2014(Rs.)
|
31-03-2015 (Rs.)
|
|
Stock of Raw Materials
Stock of Finished Goods
Stock of Work-in-Progress
|
70,000
1,20,000
20,000
|
85,000
1,40,000
26,000
|
Solution
Statement of Cost and Profit for
the year ended 31-03-2015
|
Particulars
|
Rs.
|
Rs.
|
Q5.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.
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.
|
Jan
|
Feb
|
March
|
April
|
May
|
Jun
|
|
|
Opening Cash Bal
|
135000
|
100190
|
144620
|
216130
|
232092
|
300159
|
|
Cash sales
|
77000
|
102000
|
91000
|
93600
|
107500
|
113700
|
|
Credit sales
|
77000
|
102000
|
91000
|
93600
|
107500
|
Q6.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
(b) Break-even Point
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