Osmania University (OU) 2006-2nd Sem B.E Electronics & Tele-Communication Engineering 3/4 (E.C.E)(ESTER)SUPPLEMENTARY ,IL, Managerial economics and Accountancy - Question Paper
B.E 3/4 (E.C.E)(II-SEMESTER)SUPPLEMENTARY EXAMINATION,APRIL,2006
Managerial economics and Accountancy
Code No. 10388
FACULTY OF ENGINEERING B.E. 3/4 (Elect/Inst/ECE) 11-Semester Main Examination, April 2006 MANAGERIAL ECONOMICS AND ACCOUNTANCY
Time : Three Hours] [Maximum Marks : 75
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Note: Answer AUL questions from Part A and any five questions from Part B. PARTA (Marks : 25) | ||||||||||||||||||||||||||||||
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PARTB (Marks : 5x10-50)
11. Define Managerial Economics and explain its Nature and Scope. How the economic theory is useful to the Engineer in his decision making process ?
12. What do you mean by law of demand ? Explain the features, assumptions and limitations of the law of demand.
13. Distinguish between Perfect market and Monopoly. How the price and output are determined under perfect market ?
14. What do you mean by economies of scale ? Explain various types of internal and external economies of scale.
Explain the relationship between Marginal cost, Average cost and Total cost in relation to a'change in the !evel of output
16. A project costs Rs. 2,50,000 and has a scrap value of Rs. 50,000 after five years. The net profit before depreciation and taxes for the five years period are expected to be Rs. 50,000, Rs. 60,000, Rs. 70,000, Rs. 80,000 and Rs. 1,00,000. Hie company pays tax at 50%. The straight-line method of depreciation will be followed by the company. Assui&g a>1% discdiEl t, u are required to calculate : "
(a) Hie Payback period > : . ) (b> Accpiijiting Rate of Return and ;.(c) Net Present Value of the Project.
17. 'The following is the Trial Balance of Mr. Rajaji as on 31.3.2005
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Particulars |
Dr. (Rs.) |
Cr. (Rs.) |
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Mr. Rajaji Capital |
2,40,000 | |
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Mr. Rajaji Drawings |
45,000 | |
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Purchases 2,00,000 | ||
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Sales |
3,05,000 | |
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Returns inwards |
15,000 | |
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Returns outwards |
12,000 | |
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Stock (opening) |
80,000 | |
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Salaries 42,000 | ||
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Wages 12,000 | ||
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Rent |
3,500 | |
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Bad Debts |
4,000 | |
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Discounts 7,000 |
19,000 | |
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Sundry Debtors |
1,40,000 | |
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Sundry Creditors |
1,00,000 | |
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Cash in hand |
2,600 | |
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Cash at Bank |
59,400 | |
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Insurance 4,000 | ||
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Tirade expenses |
3,000 | |
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Printing charges |
1,500 | |
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Furniture 20,000 | ||
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Machinery 50,000 | ||
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Bills receivables |
12,000 | |
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Bills Payable |
25,000 | |
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7,01,000 |
7,01,000 |
Additional information:
(1) Closing stock was valued at Rs. 70,000.
(2) Insurance was prepaid to the extent of Rs. 600.
(3) Outstanding Salaries and Wages Rs. 6,000 and 2,000 respectively.
(4) Depreciate Machinery at 5% and Furniture at 10%.
From the above Trial balance, prepare Trading and Profit and Loss account for the year ended 31st March, 2005 and Balance Sheet as on that date.
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Attachment: |
| Earning: Approval pending. |
