Q1. Explain the difference between financial accounting & management accounting. (Any five)
Ans-
Managerial accounting and Financial accounting are two of the four prime branches of the accounting systems. The remaining two are auditing and tax accounting. In spite of number of similarities in usage and approach, there are noteworthy differences between managerial and financial accounting. These differences primarily center around compliance,
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Q.2
Ms. Torna Hawkins was interested in controlling her company’s inventory because she knew that excess inventories were expensive in that they tied up funds. On the other hand, insufficient inventory levels could result in lost sales. Ms. Hawkins obtained the following inventory information from her trade association, which reported average figures for companies similar to hers:
|
38 days | ||
| Inventory turnover | 11 times |
Ms. Hawkins had the following information from last year, which she considered to be a typical year for her company:
| Cost of goods sold | $ 300,000 | |
| Beginning inventory | $ 58,160 | |
| Ending inventory | $ 62,880 |
Required:
- a) How does Ms. Hawkins company’s inventory compare with other similar companies?
- b) If required, provide suitable suggestions to Ms. Hawkins. (Any two)
Q3. The following information is from Solid Rock’s financial records:
| Month | Sales | Purchases | |
| July | $180,000 | $105,000 | |
| August | $165,000 | $120,000 | |
| September | $150,000 | $90,000 | |
| October | $195,000 | $135,000 |
Collections from customers are normally 70 percent in the month of sale, 20 percent in the month following the sale, and 9 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for November are budgeted at $150,000, and sales for November are forecasted at $165,000. Cash disbursements for expenses are expected to be $36,000 for the month of November. The company’s cash balance on November 1 was $55,000.
Required: Prepare the following schedules.
- Expected cash collections during November.
- Expected cash disbursements during November.
- Expected cash balance on November 30.
- (1) Cash collections (Nov)
$ 195000 X 20% = $ 39000
Directorate of Online Education
INTERNAL ASSIGNMENT SET-II
| SESSION | FEB/MAR 2021 |
| PROGRAMME | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | I |
| COURSE CODE & NAME | DMBA106 – HUMAN RESOURCE MANAGEMENT |
| CREDITS | 4 |
| NUMBER OF ASSIGNMENTS,
CREDITS & MARKS |
02
4 Credits, 30 Marks each |
Question 1 Explain the term ‘Job Evaluation’. Explain the advantages and limitations of Job Evaluation.
Answer- Job evaluation is a systematic process of analysing and evaluating jobs to determine the relative worth of jobs in an organisation. Job evaluation is the evaluation or rating of jobs to determine their position in the job hierarchy. The evaluation may be achieved through assignment of points or use of some other systematic method for essential job requirements such
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Question 2 Explain the theories of wage determination.
Answer- The word ‘salary’ is defined in the Oxford Dictionary as ‘fixed periodical payment to a person doing other than manual or mechanical work.’ The payment towards manual or mechanical work is referred to as wages. The word pay refers to the payment for services done which would include salary as well as wages.
Wages are commonly understood as price of labour. In ordinary parlance, any remuneration paid
Question 3 Define ‘Job Analysis’. Elaborate the process of job analysis.
Answer- Job analysis is the process of determining and recording all the pertinent information about a specific job, including the tasks involved, the knowledge and skill set required to perform the job, the responsibilities attached to the job and abilities required to perform the job
Directorate of Online Education
INTERNAL ASSIGNMENT SET-II
| SESSION | FEB/MAR 2021 |
| PROGRAMME | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | I |
| COURSE CODE & NAME | DMBA105 – MANAGERIAL ECONOMICS |
| CREDITS | 4 |
| NUMBER OF ASSIGNMENTS,
CREDITS & MARKS |
02
4 Credits, 30 Marks each |
Question 1 Explain different phases of trade cycle.
Answer- Phases of trade cycle
Basically, a business cycle has only two parts – expansion and contraction or prosperity and depression. Peaks and troughs are the two main mark-off points of a business cycle. The expansion phase starts from revival and
Fully solved assignment available for session Feb/March 2021,
your last date is 31th July 2021.
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Question 2 Explain different objectives of pricing policies.
Answer- The following objectives are to be considered while fixing the prices of the product:
- Profit maximisation in the short term – The primary objective of the firm is to maximise its profits. Pricing policy as an instrument to achieve this objective should be formulated in such a way as to maximise the sales revenue and profit. Maximum profit refers to the highest possible
Question 3 Explain causes of inflation in detail.
Answer- Causes of inflation
- Demand side
Increase in aggregative effective demand is responsible for inflation. In this case, aggregate demand exceeds aggregate supply of goods and services. Demand rises much faster than supply.
Increase in money supply – Supply of money in circulation increases on account of the following reasons: deficit financing by the government, expansion in public expenditure,
Directorate of Online Education
INTERNAL ASSIGNMENT SET-II
| SESSION | FEB/MARCH 2021 |
| PROGRAMME | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | I |
| COURSE CODE & NAME | DMBA103-STATISTICS FOR MANAGEMENT |
| CREDITS | 4 |
| NUMBER OF ASSIGNMENTS,
CREDITS & MARKS |
02
4 Credits, 30 Marks each |
Question 1 Describe main steps in construction of index numbers.
Answer- Main steps in the construction of index numbers To follow the steps many problems are encountered which are to be discussed carefully. There are many difficulties in following the steps involved in the construction of index numbers. The following steps are discussed in detail.
- Purpose of index number
Fully solved assignment available for session Feb/March 2021,
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Question 2 Explain advantages and disadvantages of business forecasting.
Answer- Advantages of business forecasting
Helpful in increasing profit and reducing losses
Every business is carried out with the purpose of earning maximum profits. So, by forecasting the future price of the product and its demand, the businessman can predetermine the production
Question 3 Describe utility and components of time series analysis.
Answer- Utility of the Time Series
The following are the possible uses of the time series:
- The comparative study of behaviour of the variable over different periods of time can be done. The variable may be export figures, quantity of industrial production etc.
- Forecasting can be done using the time series. By studying the variations and other behaviour
Directorate of Online Education
INTERNAL ASSIGNMENT SET-II
| SESSION | FEB/MAR 2021 |
| PROGRAMME | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | I |
| COURSE CODE & NAME | DMBA102 – BUSINESS COMMUNICATION |
| CREDITS | 4 |
| NUMBER OF ASSIGNMENTS,
CREDITS & MARKS |
02
4 Credits, 30 Marks each |
Question 1. Discuss various types of Meetings and guidelines to be followed for the conduction of meetings.
Answer1. According to Deborah Tannen, “A meeting is any focused conversation that has a specific agenda, especially but not only if it has been set up in advance.”1 This definition implies that meetings are not aimless discussions, but they require careful planning and revolve around a
Fully solved assignment available for session Feb/March 2021,
your last date is 31th July 2021.
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Question 2. Explain the salient features of Memo, Circular, and Notices that are used in an organizational workplace.
Answer2. A memo is a letter from one person to another or others within an organization. It can be sent on a document or by electronic mail. It often reports briefly on an action, raises a question, or asks for agreement to follow a course of action.
The business memorandum, or memo, is used mainly as a formal, substantial means of
Question 3. Explain the effectiveness of Communication in the organizations through advertisement.
Answer3. Advertisements in the mass media such as magazines, newspapers, and television are used by organizations to communicate with prospective customers, both about the organization, as well as its products. As depicted in the figure, advertising may therefore be categorized into two broad
INTERNAL ASSIGNMENT SET-II
| SESSION | FEB/MAR 2021 |
| PROGRAMME | MASTER OF BUSINESS ADMINISTRATION (MBA) |
| SEMESTER | I |
| COURSE CODE & NAME | DMBA101–MANAGEMENT PROCESS AND
ORGANISATIONAL BEHAVIOUR |
| CREDITS | 4 |
| NUMBER OF ASSIGNMENTS,
CREDITS & MARKS |
02
4 Credits, 30 Marks each |
Question 1. What is motivation? Define & explain its importance for business. Further, explain theories of motivation – Maslow, theory X & Y, Herzberg’s 2 factor theory.
Answer- Leading helps in achievement of goals. A manager makes use of the element of motivation to improve the performances of subordinates. This can be done by providing incentives or compensation, whether monetary or non-monetary, which serves as a “morale
Fully solved assignment available for session Feb/March 2021,
your last date is 31th July 2021.
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Question 2. Explain the concept of leadership. Are leaders born or made? Critically comment. Explain leadership styles as per managerial grid
Answer- One question that would come into our mind when we want to learn about leadership is whether it can be taught? The Greek general and historian, Xenophon, argued that leadership can be developed. Aristotle, on the other hand, asserted that men are destined the way they are born. William Shakespeare, “some are born great, some achieve greatness, and some have greatness thrust upon them”. You can see that there are already three views, i.e., positive, negative, and
Question 3 What is change? Define. Explain Kotter’s 8 steps of change process. Support your answer with relevant examples.
Answer- Change is a part of life and provides opportunity for growth. It is a conscious decision by the management of organisation.
In any organisation, we have people engaged in production, research, development, administration, etc. The organisation in order to change should prepare a stock of the situation