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MS-04 Solved Assignment

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  • Version: 2018 July - Dec


Soft Copy: Yes
Downloadable File: Yes
University: IGNOU
Course: Master of Business Administration
File: PDF/ZIP

Q&A of MS-04 Solved Assignment 2018 - Accounting and Finance for Managers

Q. As a Finance Manager what are the kind of decisions that you have to make about your company and its activities ? How do these decisions differ form those which investors, regulatory agencies and others make about your company? Is the same kind of information needed by You and the outsiders of the company? If so what is that information ? If not, what are the essential differences?

Answer. A financial manager is a person who is responsible in a significant way to carry ..... The duties of financial managers vary with their specific..... They oversee the investment of funds and manage associated risks..... All financial managers perform tasks unique to their organization.....

Q. You are required to prepare the Statement of Sources and Application of Funds from the given Financial Statements of ABC Limited for the years 2016 & 2017. Also prepare the Statement showing in details the item-wise increase or decrease in the Net Working Capital.

31.12.2017 31.12.2016
Rs. Rs.
Assets
Cash at Bank 45,000 1,30,000
Sundry Debtors 1,40,000 90,700
Stock-in-Trade 1,96,000 1,42,000
Fixed Assets less Depreciation 6,00,000 3,60,000
Investments 10,000 11,250
Prepaid Expenses 21,000 14,000
Rs. 10,12,000 7,48,450
Liabilities
Sundry Creditors 2,98,000 2,51,450
Provision for Taxation 1,72,000 65,000
Secured Loan from Bank - 87,000
Reserves and Surplus 3,12,000 1,48,000
Share Capital:
Ordinary Shares of Rs. 100 each 2,30,000 1,97,000
Rs. 10,12,000 7,48,450

Further it is informed that:
The position in respect of Reserves and Surplus is :
Rs.
Balance as on 1st January, 2017 1,48,000
Net profit for the year 1,98,500
3,46,500
Less: Dividend 34,500
3,12,000

(i) On 31st December 2017 the accumulated depreciation on fixed assets was Rs. 1,80,000 and on 31st December 2016 Rs 1,60,000. Machinery costing Rs. 20,000 which was one-half depreciated was discarded and written off in 2017. Depreciation for the year 2017 amounted to Rs. 30,000
(ii) Investments costing Rs. 5,000 were sold during the year 2017 for Rs. 4,800 and Government Securities of the face value of Rs. 4,000 were purchased during the year for Rs. 3,750

Answer...... Statement of Sources and Application of Funds.....

Q. The data related to Company X, Company Y and Company Z is as given below.
Company X Company Y Company Z
Budgeted sales in units 10,000 10,000 10,000
Budgeted selling price per unit Rs. 2.00 Rs. 2.00 Rs. 2.00
Budgeted variable costs per unit Rs. 1.50 Rs. 1.25 Rs. 1.00
Budgeted fixed expenses
Total Rs. 3,000 Rs. 5,500 Rs. 8,000
Budgeted capacity 80% 80% 80%

From the information given above you are required to calculate for each company :
(a) The budgeted profit.
(b) The budgeted break-even point in unit sales.
(c) The budgeted margin between break-even point and budgeted sales expressed as a percentage of total capacity.
(d) The impact on profits of a 10% deviation in budgeted sales.
Comment briefly on the effect of this in relation to the distribution between the companies fixed and variable expenses.

Answer...... Calculation of Budget Profit....

Q. (a) Describe the characteristics of a flexible budget? (b) For private sector budgets are important in profit planning, but budget are costly for not-for-profit organization Respond.

Answer. A flexible budget includes formulas that adjust expenses based ..... This allows for an infinite series of changes in budgeted expenses....

Q. Discuss your Role as a Finance Manager of your company. What will be the alternatives and factors that you would consider before finalizing your views on dividend policy?

Answer. Financial managers plan, organize, direct, control and evaluate the operation of financial ..... The size and frequency of dividend payments are critical issues in.... The objective of dividend policy is to maximize

Product Details: MS-04 Solved Assignment2018

Course: IGNOU MBA (Master of Business Administration)
Session: Jan - June 2018 or July - Dec
Subject: Accounting and Finance for Managers

Old Sample Answer

Q. What do you understand by Revenue Expenditure?
Answer. Revenue expenditure is the day-to-day expenditure that the organisation incurs as it goes about its business of producing and selling goods and services. Revenue expenses include materials, heating, lighting, admin and management salaries, stationery, photocopying, etc. They are the daily costs of doing business and are charged.......... Revenue expenditure usually has the following characteristics: It is the consequence of earlier capital acquisitions, It is short term, It is usually funded out of day-to-day revenue. As revenue costs do not form part of the fixed asset cost, they are expensed in the income statement in the period in which they are incurred........ MS-04 Solved Assignment 2018 Jan - June or July - Dec.

Q. What do you understand by Capital Expenditure?
Answer. Capital expenditure is about spending money on long-term assets. Long-term assets could be things like plant, machinery and equipment. Capital expenditure could also be about developing products and brands that deliver a long-term return...... The main form of capital expenditure is on items used in the business over a long period of time for example, buildings, furniture, and equipment. These are usually referred to as long term assets. Long term assets may be tangible assets, such as those named above, or intangible assets such as investments in patents, copyrights...... Plans for capital expenditure must take into account how limited cash is today as well as the time value of money. Constructing a capital expenditure plan requires us to produce a model of the cash flows associated with........


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