D50544
D50544
FIFTH SEMESTER B.Com
DEGREE EXAMINATION, NOVEMBER 2018
(CUCBCSS-UG)
Core Course
BCM 5B 07-ACCOUNTING FOR MANAGEMENT
Time: Three Hours Maximum: 80 Marks
Part A
A. Fill in the blanks:
- The __________ Management is mainly concerned with the policy decisions.
- __________ is the amount of expenditure incurred on or attributable to a given thing.
- The analysis done by investors, credit agencies, government agencies and other creditors who have no access to the internal records of a company is known as __________
- __________ analysis is useful in comparing performance of several companies in the same group, or division or department of the same company.
- A Ratio of Net Sales to Net Working Capital is a __________
B. Multiple Choice:
- Ratio of net profit before interest and tax to sales is __________
(a) Operating profit ratio. (b) Operating ratio.
(c) Capital gearing. (d) Quick ratio.
- Which one of the following is a source of fund?
(a) Issue of shares in consideration of machinery purchased. (b) Issue of bonus shares.
(c) Issue of right shares. (d) Issue of shares for cash.
- __________liabilities are those which are intended to be paid in the ordinary course of business within a short period.
(a) Current. (c) Long term.
(b) Non-current. (d) Fixed.
- When fixed cost is deducted from contribution, the balance will be
(a) Variable cost. (b) Profit.
(c) Total cost. (d) Sales.
- ________is the angle caused by intersection of total cost line and total sales line.
(a) Angle of contribution. (e) Angle of elevation.
(b) Angle of incidence. (d) Angle of coincidence.
(10 × 1 = 10 marks)
Part B
Answer any eight questions.
Each question carries 2 marks.
- What is Income Statement?
- Explain Current ratio.
- What is Contribution?
- Give the formula for Composite P/V.
- Give two instances of marginal costing used in decision-making.
- Equity Capital = 1,50,000; Preference Capital = 20,000; Reserves = 25,000; Profit and Loss Account 20,000; Fixed Assets = 1,50,000; Find out Fixed assets to shareholders fund ratio.
- Calculate P/V ratio from the following data:
Selling price per unit Rs. 10, Variable cost per unit Rs. 6 and Fixed Costs Rs. 12,000 (including rent and rates of Rs. 1,000).
- Calculate Cash Break-even point for the following:
Selling price per unit-Rs. 30.
Variable cost per unit-Rs. 23.
Fixed cost is Rs. 20,000 including depreciation-500.
- Calculate Capital Gearing Ratio:
Equity Share Capital 1,00,000; Preference Share Capital 25,000; Reserves and Surplus 30,000; Long Term Loans 25,000; 6 % Debentures 25,000.
- Help Hari to arrive at the net profit from the following data preparing a single year Income Statement for 2016:
Sales 7,00,000.
Rent earned= 25,000.
Cost of Sales= 3,50,000.
Office and Administrative Expenses = 10,000.
Selling Expenses = 30,000.
Bank Interest = 25,000.
(8 x 2 = 16 marks)
Part C
Answer any six questions.
Each question carries 4 marks.
- Write a note on CVP analysis.
- Explain the features of Ratio Analysis.
- X Ltd. has a current ratio of 3.5:1 and quick ratio of 2: 1. If excess of current assets over quick assets represented by stock is Rs. 2,00,000. Calculate current assets and current liabilities.
- Calculate trend from the following:
|
Year |
Sales |
Stock |
Profit before Tax |
|
|
2010 |
… |
3,762 |
1418 |
642 |
|
2011 |
… |
4,680 |
1562 |
870 |
|
2012 |
… |
5,310 |
1632 |
916 |
|
2013 |
… |
6,042 |
1888 |
1,054 |
(Take 2010 as base year)
- Calculate:
- Debtors Turnover ratio :
Credit sales 5,100; Return inwards 100; Debtors 300; Bills Receivables 100.
- Average Collection Period Ratio from the above.
- Cash-20,000:
Bills Receivables--10,000.
Sundry Debtors--50,000.
Stock--40,000.
Sundry Creditors--60,000.
Cost of sales--7,50,000.
Calculate Working Capital turnover ratio.
- Calculate Cash from operation from the following:
|
Rs |
Rs |
||
|
To opening stock |
16,000 |
Sales |
3.00,000 |
|
Purchases |
1,40,000 |
Closing stock |
20,000 |
|
Wages: Add: outstanding (20,000+4,000) |
24,000 |
Dividend |
5,000 |
|
Salaries Add: outstanding (18,000+2,000) |
20,000 |
||
|
Rent: |
|||
|
Less:prepaid (12000-2000) |
10000 |
||
|
Office expensess |
5000 |
Depreciation 15000
Selling expenses 3000
Low on sale of asset 2000
Provision for tax 30,000
Net profit 60,000
28 Calculate Funds from Operation for the following data:
Profit and Loss Account for the year ended 31.3.2015
Rs. Rs.
Expenses 1,40,000 G/P 2,00,000
Advertisement (suspense) 5,000 Profit on machine sold 20,000
Discount 500
Discount on share issued 500
Loss on asset sale 10,000
Goodwill 12,000
N/P 52,000
2,20,000 2,20,000
Note : The Expenses is inclusive of Depreciation of 40,000.
(6 × 4 = 24 marks)
Part D
Answer any two questions.
Each question carries 15 marks.
29.Prepare Funds Flow Statement for the year ended 31st December 2015 :
Particulars January 1 December 31
Cash 2,000 1,800
B/R 17,500 19,200
Stock 12,500 11,000
Land 10,000 15,000
Building 25,000 27,500
Machinery 40,000 43,000
1,07,000 1,17,500
Creditors 18,000 20,500
Loan 15,000 22,500
Capital 74,500 74 500
1,07,000 1,17,500
Adj : Drawings was Rs. 13,000. Provision for depreciation was 13,500 at the beginning. It went
upto 18,000 at the end.
30.Calculate :
(a) Fixed Cost.
(b) Break-Even point.
(c) Units to be sold to earn Rs. 40,000.
Selling price is Rs. 100. The company for the two periods sells 7000 and 9000 units respectively. It
incurs a loss of Rs. 10,000 and profit Rs. 10,000 respectively.
31 Write a note on the various tools and techniques of Financial Analysis.
(2 x 15 = 30 marks)
നിങ്ങൾക്ക് ഉപകാരപ്പെട്ടെങ്കിൽ നിങ്ങളുടെ കൂട്ടുകാർക്ക് കൂടി ഷെയർ ചെയ്യുക
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