BOOKING STARTS MS-4 SOLVED ASSIGNMENT HELP 2014
Product Details: MS-4 SOLVED ASSIGNMENT HELP
Product Name: Accounting and Finance for Managers
Format: PDF OR WORD FILE
Pub. Date: NEW EDITION LAST DATE 2014
Edition Description: 2014
Rating Of Assignment: GRADE A QUALITY DIFFERENT ASSIGNMENT TO DIFFERENT USER
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1. Study the Accounting Information System being followed in your organization, Prepare a
report on the functioning of this system and also give your views on how the system
could be improved.
2. You are required to prepare the company’s Balance Sheet as on 31st March 2014, and its
Profit and Loss Account for the year ended on the date, from the information provided
and also making necessary assumptions wherever required. The under mentioned
balances appeared in the books of Dingo Flour Mills Ltd, as on 31st March 2014.
Share Capital (Authorized and 6,00,000 Motor Vehicles 15,000
Issued), 60,000 Shares of Rs.
General Reserve 2,50,000 Furniture 5,000
Unclaimed Dividends 6,526 Stocks 1,72,058
Trade Creditors 36,858 Book Debts 2,23,380
Buildings 1,00,000 Investments 2,88,950
Purchases 5,00,903 Depreciation Reserve 71,000
Sales 9,83,947 Cash Balances 72,240
Manufacturing Expenses 3,59,000 Director’s Fees 1,800
Establishment 26,814 Interim Dividend 15,000
General Charges 31,078 Interest 8,544
Machinery 2,00,000 Profit and Loss 16,848
Account. 1st April
Staff Provident Fund 37,500
a) The stock of wheat and flour on 31st March 2014, were valued at Rs. 1,48,680.
b) Provide Rs. 10,000 for Depreciations of block, and Rs. 1,500 for the company’s
contribution to the Staff Provident Fund.
c) Interest accrued on investment amounted to Rs. 2,750.
d) A claim of Rs. 2,500 for workmen’s compensation is being disputed by the company.
e) Establishment includes Rs. 6,000 paid to the Manager who is entitled to remuneration @
5% of profit ascertained according to the companies Act, subject to a minimum of Rs. 10,000
3. Gattu Corporation makes a driveway sealing compound that it sells in 5 gallon cans for Rs.
50 Per can. Company’s sales personnel have estimated annual sales of 3,600 units divided
among the quarters as follows:
First quarter 1,000 units
Second quarter 1,100 units
Third quarter 800 units
Fourth quarter 700 units
Operating capacity of the manufacturing facilities is 900 units per quarter. Production of
more than 900 units requires additional costs. Production cost is Rs. 30 per unit and there
would be a 20 percent increase in cost for units in excess of 900 per quarter. The production
manager is evaluated on the cost of production, whereas the sales manager is evaluated on
the basis of sales revenue. The sales manager claims that if he had only 900 units to sell in
each of the first two quarters, the unsatisfied customers would switch to new products and
sales in each of the last two quarters would be 50 units less than estimated.
You are required to prepare sales and production budgets to determine how production
should be scheduled and to resolve the conflict between the sales and production managers.
4. Kongo & Sons is considering two mutually exclusive projects. Both need a initial cash outlay
of Rs. 10,000 each, and have a life of five years. Company’s required rate of return is 10
percent and pays tax at a 50 per cent rate. The projects are going to be depreciated on a
straight line basis. The before taxes cash flows expected to be generated by the projects are as
1 2 3 4 5
Project P (Rs.) 4,000 4,000 4,000 4,000 4,000
Project Q (Rs.) 6,000 3,000 2,000 5,000 5,000
Calculate for each project: 1) the payback (2) the average rate of return (3) the net present value
and profitability index, and (4) the internal rate of return. Which project should be accepted and
5. (a) What do you mean by Financial Planning? What would be the consequences if there
are no budgetary control systems?
(b) Explain briefly about the determinants of Capital Structure?View more....