Jawaharlal Nehru Technological University Hyderabad 2012-1st Sem M.C.A , Accounting and Financial Management (F3105), External s, ruary-ch - Question Paper
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R09
Code No: F3105
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD MCA I Semester Examinations, February-March 2012 ACCOUNTING AND FINANCIAL MANAGEMENT Time: 3hours Max. Marks: 60
Answer any five questions All questions carry equal marks
1. A trial balance prepared by the accountant of XYZ is furnished below. You are required to prepare the Trading and Profit and loss account for the year ending 31 December 2003 and a balance Sheet as on that date.
st
|
Rs. |
Rs. | |
|
Opening Stock |
12,500 | |
|
Sales & Purchases |
26,400 |
86,000 |
|
Coal & Water |
1,600 | |
|
Insurance |
2,300 | |
|
Postage |
800 | |
|
Printing |
300 | |
|
Machinery |
21,000 | |
|
Furniture |
20,000 | |
|
Returns |
1.800 |
1,500 |
|
Commission |
2.000 |
21,000 |
|
Wages |
4,000 | |
|
Overdraft |
18,000 | |
|
Discount |
3,000 |
2,500 |
|
Outstanding Salary |
1,000 | |
|
Salary |
6,000 | |
|
Buildings |
28,000 | |
|
Bills Payable |
7,000 | |
|
Bills Receivable |
5,000 | |
|
XYZs Capital |
15,000 | |
|
XYZs drawing |
2,000 | |
|
Prepaid Insurance |
300 | |
|
Patents |
1,000 | |
|
Cash |
14,000 | |
|
Total |
1,52,000 |
1,52,000 |
Additional information
a) The closing stock was valued at Rs.68,000
b) wages include Rs.700 paid to workmen for installing the machinery .
c) Sample distributed but unrecorded Rs.850.
Contd....2
2. Following is the data relating to Firm A and B. Find out which firm is handling its debtors and creditors position efficiently.
|
Firm A |
Firm B | |
|
Debtors (1.1.2000) |
8,000 |
12,000 |
|
Debtors (31.12.2000) |
16,000 |
14,000 |
|
Creditors (1.1.2000) |
32,000 |
28,000 |
|
Sales (5 0% Credit) |
3,00,000 |
4,00,000 |
|
Purchases (75% Credit) |
2,00,000 |
3,00,000 |
|
Creditors (31.12.2000) |
30,000 |
40,000 |
3. a) Explain Time Value of Money - Compounding & discounting and illustrate your answer .
b) The following is the capital structure of Simons Company Ltd as on 31.12.2004 Equity shares: 10000 share of Rs.100/- each 10,00,000
10% Preference shares of Rs.100 each 4,00,000
12% Debentures of Rs.100 each 6,00,000
The market price of the companys share is Rs.110/- and is expected that a dividend of Rs.10/- per share would be declared for the year 2004 . The dividend growth rate is 6%. If the company is in the 40% tax bracket, compute WACC.
4. a) Explain Capital Gearing.
b) What are the different sources of finance?
5. a) Explain three profitability ratios with formula and illustration . b) Draw a proforma cash flow statement as per AS - 3 (Revised).
6. a) Explain Cost - Volume - profit Analysis .
b) The following data are extracted from the financial statement of X Ltd
Sales (2,00,000 units Rs.10 each) 20,00,000
Variable cost 10,00,000
Contribution 10,00,000
Fixed cost 6,00,000
Net profit
4,00,000
Calculate: (i) The p / v ratio (ii) BEP (iii) Margin of safety ratio
(iv) What is BEP and new p / v ratio if the price increases by 10% .
Contd....3
7. From the Following figures calculate the working Capital Requirement of the ABC Company
|
Units of Production |
12000 per year. |
|
Cost per unit. | |
|
Raw Material |
Rs.3/- |
|
Labour |
Rs.5/- |
|
Over Heads |
Rs.2/- |
|
Total Cost |
Rs.10/- |
|
Profit |
Rs. 2/- |
|
Selling Price |
Rs.12/- |
|
Raw Material Requirement |
3 months |
|
Semi finished Goods |
4 months |
|
(1/2 Raw Material + Labour) | |
|
Finished Goods |
2 month |
|
Debtors |
3 months |
|
Cash |
Rs. 1,20,000/- |
|
Creditors |
1 month. |
8. Write the short notes on the following:
a) Estimation of working capital requirement .
b) features of capital Budgeting proposals .
c) Net present value of method and its formulas as well as Acceptance criterion .
|
Attachment: |
| Earning: Approval pending. |
