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DRIVE
SPRING
2018
PROGRAM
MBA
SEMESTER
I
SUBJECT
CODE & NAME
MBA103-
Statistics for Management
SET-I
Q 1.According to the definition of
Statistics given by Croxton and Cowden, what are the four components of
Statistics?
1st Component 2.5
2nd Component 2.5
3rd Component 2.5
4th Component 2.5
Answer-
1st Component (Collection of data)
Careful
planning is required while collecting data. Two methods used for collecting
data are census method and sampling method. The investigator has to take care
while selecting an appropriate collection method. In the census method, every
unit or object of the population is
Q 2.What do you mean by Statistical
Averages? List various requisites of a Good Average.
Statistical Averages. 6
Requisites of a Good Average. 4
Answer-
According
to Clark and Sekkade, "An average
is an attempt to find one single figure to describe the whole of figures".
According
to Murray R. Spiegal, "Average is
a value which is typical or representative of a set of data".
Q 3.Explain the concept of combined
mean.
Find the mean for the entire group
of workers from the following data
|
|
Group – 1
|
Group – 2
|
|
Mean
wages
|
150
|
200
|
|
No. of
workers
|
500
|
450
|
Combined Mean 4
Mean of Entire group 6
Answer-
Combined Mean:
SET-II
Q 1.Write short notes on
a. Standard Deviation 2
b. Addition rule of
probability 2
c. Sampling and Non Sampling errors
in statistics 4
d. Advantages of Business
forecasting 2
Answer-
Standard Deviation
Standard
deviation is the root of sum of the squares of deviations divided by their
numbers. It is also called mean square error deviation (or) root mean square
deviation. It is a second moment of dispersion.
Q 2.Marks obtained by 50 students
are given below.
|
Marks
|
10-20
|
20-30
|
30-40
|
40-50
|
50-60
|
60-70
|
70-80
|
|
No of
Students
|
2
|
8
|
6
|
14
|
3
|
10
|
7
|
Median
5
Mode 5
Answer:
|
Marks
|
10-20
|
20-30
|
30-40
|
40-50
|
50-60
|
60-70
|
70-80
|
|
No of student
|
2
|
8
|
6
|
14
|
3
|
10
|
14
|
Q 3.Sales for last 7 years of ABC
ltd is given in following table
|
Year
|
2011
|
2012
|
2013
|
2014
|
2015
|
2016
|
2017
|
|
Sales(in
1000 Rs)
|
120
|
130
|
135
|
125
|
140
|
160
|
165
|
Based on above data forecast the
Sales for year 2018 & 2019.
Fitting of straight line 6
Sales for year 2018 2
Sales for year 2019 2
Answer:
Year
2011
2012 2013
2014 2015
2016 2017
Sales(in
rs 1000) 120 130 135
125 140
160 165
The trend line
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DRIVE
SPRING 2018
PROGRAM
Master of Business Administration- MBA
SEMESTER
Semester 1
SUBJECT CODE & NAME
MBA 104 - FINANCIAL AND MANAGEMENT
ACCOUNTING
SET-I
Q.1] Following
information obtained from a manufacturing company:
Direct Material
– 450000
Office Expenses
– 120000
Factory
Expenses – 90000
Total Sales –
650000
Prime Cost –
450000
25% of the
output is in stock
Calculate:
(a) Direct
Expenses (b) Factory Cost (c) Cost of
Production (d) Cost of Sale (e)Profit
Ans:
Following information obtained from a
manufacturing company:
Direct Material – 450000
Office Expenses – 120000
Factory Expenses – 90000
Total Sales – 650000
Prime Cost – 450000
25% of the output is in stock
Calculate:
(a) Direct Expenses (b) Factory Cost (c)
Cost of Production(d) Cost of Sale (e)Profit
Solution:
Cost Sheet
Q.2]
|
Assets
|
Fixed
Asset
|
15,00,000
|
|
Current
Asset
|
5,00,000
|
|
Liabilities
|
Accounts
payable
|
200000
|
|
Reserve
And Surplus
|
100000
|
|
|
10%
Debentures
|
300000
|
|
|
6%
Preference Share Capital
|
300000
|
|
|
Equity
Share Capital
|
1100000
|
1. Calculate
Debt-Ratio
2. Calculate
Debt-equity Ratio
Ans:
1. Debt ratio =
Total liabilities to outsiders/Total assets
= (Debentures + accounts payable)/ (Fixed +current assets)
= (3,
Q.3] Present a Vertical Analysis of ABC
Ltd based on the following figures, also interpret the result.
|
P&L
extract for the year ended 31st March, 2017
|
|
|
Particulars
|
Amount
|
|
Sales
Less : Cost of Goods
Sold Material
Wages
Factory Overheads
|
1500000
70000
50000
10000
|
|
Gross Profit
Less : Selling &
Distribution overheads
Administrative Overheads
|
1370000
20000
15000
|
|
Earnings before
Interest and Tax
Less: Interest
|
1335000
35000
|
|
Earnings before Tax
Less: Tax
|
1300000
50000
|
|
Net Profit
|
1250000
|
|
Capital Employed
|
12500000
|
Ans:
Common-size Statement for the year ended 31st Mar 2017
SET
II
Q.1] XYZ ltd has
recorded a sale of 80000 units in a year, with a selling price of Rs 8 per
unit. Moreover, the company has recorded a prime cost and variable overhead to
be Rs 3 and Rs 1 respectively. The company had a fixed cost of Rs 100000.
1. Calculate BEP (in
Rupees)
2. Calculate MOS
Ans:
Sales – 80,000 units per annum
Selling price – Rs.8.00 per
unit
Prime cost – Rs
Q.2]
From the following information and assumption that the balance in hand
on 1st Jan 2016 is Rs.1,55,000, prepare a cash budget for January 2016 to June
2016
|
Month
|
Materials
|
Sales
|
Wages
|
Sales & Distribution Overhead
|
Production Overhead
|
Administrative Overhead
|
|
January
|
60900
|
154000
|
25000
|
10000
|
12000
|
2500
|
|
February
|
70000
|
145000
|
25900
|
12000
|
12000
|
2700
|
|
March
|
61000
|
123000
|
23000
|
15000
|
12000
|
2200
|
|
April
|
71000
|
113000
|
32000
|
19000
|
13000
|
4000
|
|
May
|
84000
|
170000
|
29500
|
21000
|
16000
|
3500
|
|
June
|
87600
|
155000
|
25600
|
24000
|
16000
|
3000
|
Assume that 60% 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 2-month credit. Sales commission @ 3% on
sales is to be paid. Creditors (for goods and overhead) grant one month’s
credit.
Ans:
Cash Budget
|
PARTICULARS
|
January
|
February
|
March
|
April
|
May
|
June
|
|
RECEIPTS
|
|
|
|
|
|
|
Q.3] Elucidate how Balance Score
Card is useful to management decision making.
(Usefulness of Balance Score card in Management
decision making)
Answer:
1.
Better Strategic Planning
The
Balanced Scorecard provides a powerful framework for building and communicating
strategy. The business model is visualised in a Strategy Map which
helps
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DRIVE
Spring 2018
PROGRAM
Master of Business Administration- MBA
SEMESTER
Semester 1
SUBJECT CODE & NAME
MBA 105 - MANAGERIAL ECONOMICS
SET 1
1 Define Demand Forecasting.
Elucidate the determinants of supply.
Demand
Forecasting
Determinants
of Supply
Answer: Demand forecasting seeks to
investigate and measure the forces that determine sales for existing and new
products. Generally companies plan their business - production or sales in
anticipation of future demand. Hence, forecasting future demand becomes
important. The art of successful business lies in avoiding or minimizing the
risks involved as far as possible and facing the uncertainties in a most
befitting manner.
2 State the Law of Demand and
also discuss the various exceptions to the law of demand
Define
law of Demand with suitable diagram
State
any five exceptions to Law of Demand
Answer: The
law of demand explains the relationship between price and quantity demanded of
a commodity. It says that demand varies inversely with the price. The law can
be explained in the following manner, “Keeping other factors that affect demand
constant, a fall in price of a product leads to increase in quantity demanded
and a rise in price leads to decrease in quantity demanded for the product”.
The law can
3 Define business cycle and some
of the causes of business cycles
Define
Business Cycle
Causes
of Business Cycle
Answer: The
term business cycle refers to a wave-like fluctuation in the overall level of
economic activity;
SET 2
1 Explain the equilibrium of a
firm under perfect competition in the long run
Define
Perfect Competition
Equilibrium
of a firm under perfect competition in the long run
Answer:
Perfect competition is a comprehensive term which includes pure competition
too. Before we discuss the details of perfect competition, it is necessary to
have a clear idea regarding the nature and characteristics of pure
2 Define Monetary Policy and Fiscal
Policy. Write down any four objectives of both Monetary and Fiscal Policy
Meaning
of Monetary & Fiscal Policy
Objectives
of Monetary and Fiscal Policy
Answer:
Monetary policy is a part of the overall economic policy of a country. It is
employed by the government as an
3 Explain Oligopoly. Explain the
features of oligopoly market.
Define
Oligopoly
Features
of Oligopoly Market (any eight)
Answer: The
term oligopoly is derived from two Greek words “Oligoi” means a few and ‘Poly’
means to sell. Under oligopoly, we come across a few producers specialising in
the production of identical goods or differentiated goods competing with one
another. The products traded by the oligopolists may be differentiated or
homogeneous. In
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