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Thursday 23 August 2012

Course Title : Accounting and finance for managers



ASSIGNMENT

Course Code              :           MS - 4

Course Title               :           Accounting and finance for managers 

Assignment Code      :           MS-4/TMA/SEM - I /2012

Coverage                    :           All Blocks

Note: Answer all the questions and submit this assignment on or before April 30, 2012, to the coordinator of your study center.

1.         The Balance Sheet of Bharat Machinery Ltd., as on December 31, 2009 and 2010 are as follows:

Items
   

Dec. 31, 2009

Rs.
   

Dec. 31, 2010

Rs.

Assets
   


   



Plant and Machinery 
   

5,00,000
   

8,00,000

Land and Buildings
   

   80,000
   

1,20,000

Stock
   

1,00,000
   

   75,000

Sundry Debtors
   

1,50,000
   

1,60,000

Cash
   

   20,000
   

   20,000


   

8,50,000
   

11,75,000

Liabilities and Capital
   


   



Share Capital
   

5,00,000
   

7,00,000

Profit and Loss A/c
   

1,00,000
   

1,60,000

General Reserve
   

   50,000
   

70,000

Sundry Creditors
   

1,53,000
   

1,90,000

Bills Payable
   

   40,000
   

50,000

Outstanding Expenses
   

   7,000
   

5,000


   

8,50,000
   

11,75,000

Additional Information

(i)                 Depreciation of Rs. 50,000 has been charged on Plant and Machinery during the year 2010.

(ii)               A piece of machinery was sold for Rs. 8,000 during the year 2010. It had cost Rs. 12,000, depreciation of Rs. 7,000 had been provided on it.

Prepare a schedule of change in working capital and a statement showing the sources and application of funds for the year 2010.

2.   From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal costing method. Indicate the unit cost for each year under each method. Also evaluate the closing stock. The company produces a single article for sale.

Particulars
   

Year


   

2008
   

2009
   

2010

Selling Price per unit
   

  20
   

  20
   

  20

Variable manufacturing cost per unit
   

  10
   

 10
   

  10

Total fixed manufacturing cost
   

5000
   

5000
   

5000

Opening Stock (Units)
   

-
   

-
   

 500

Units Produced
   

1000
   

1500
   

2000

Units Sold
   

1000
   

1000
   

1500

Closing Stock (Units)
   

-
   

  500
   

1000



3.         From the following information related to XYZ Ltd.; you are required to find out (a) contribution (b) Break-even point in units (c) Margin of safety, (d) Profit

            Total Fixed Costs                    Rs.         6,000

            Total Variable Costs               Rs.       20,000

            Total Sales                               Rs.       32,000

            Units Sold                                             4,000 Units

Also calculate the volume of sales to earn profit of Rs. 12,000.

4.         Write short notes on the following:

            a) Performance budgeting

            b) Zero base budgeting

            c) Factors affecting dividend decisions

            d) Accrual concept

5.         What is capital structure? Explain the features and determinants of an appropriate capital structure.


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