Osmania University (OU) 2007 B.E Computer Science and Engineering Managerial economics and accountancy - Question Paper
FACULTY OF ENGINEERING & I NF0RMATICS B.E. 3/4 (Civil/CSE/IT) I Semester Supplementary Examination May / June 2007
MANAGERIAL ECONOMICS AND ACCOUNTANCY
Time : 3 Hours] [Max. Marks : 75
Note : 1) Answer all questions of Part A
2) Answer any five questions from Part B.
Part - A Marks 10 x 2 - =25
2
1. What is the scope of Managerial Economics ?
2. Explain the need for understanding the relationship between Managerial Economics and other disciplines.
3. What is meant by Demand Function ? How is it different from Law of Demand ?
4. State the features of Perfect Competition comparing it with Monopoly.
5. What is meant by Pay Back and Discounted Cash Flow methods ?
6. Why is fixed capital ignored while taking certain decisions ? Explain with reference to pricing.
7. What is Opportunity Cost ? .State its significance.
8. Define production function. What is an Isocost Curve ?
9. What is Double Entry Book Keeping ? Why is a Journal maintained ?
10. Explain the purpose of preparing a Trial Balance.
11. Define Managerial Economics. How does it serve the purpose of managers of a firm in their decision-making ?
12. Why should managers understand the concept of Demand Elasticity ? What decisions could be taken based on this concept ?
13. A monopolist can determine either price or output. Discuss.
14. What is meant by Break-even Analysis ? What is its significance to managers ? Illustrate.
15. What is Net Present Value method ? Explain with an illustration how it is useful to managers.
16. The following information is given to you. Find out the current assets and Working Capital :
Current Ratio = 2.5 Current Liabilities = Rs. 50,000.
17. From the following particulars, prepare a Balance Sheet of XYZ Co. Ltd., as on 31-3-06 :
Sundry Creditors |
Rs. |
25,000 |
Cash at Bank |
Rs. |
7,000 |
Sundry Debtors |
Rs. |
45,000 |
Closing Stock |
Rs. |
35,000 |
Plant and Machinery |
Rs. |
90,000 |
Capital: | ||
Opening Balance |
Rs. |
1,13,075 |
Net Profit |
Rs. |
38,925 |
Attachment: |
Earning: Approval pending. |