smu mba Ist sem spring 2018 solved assignment

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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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