St. Joseph’s College of Commerce IV Sem Financial Markets And Services Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM –IV SEMESTER
C1 11 404: FINANCIAL MARKETS AND SERVICES
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
1. Name the institution which plays the role of a promotor, corporate advisor, financial expert, manager to the issue, underwriter and portfolio manager.
2. In mutual funds, what is the responsibility of the Asset Management Company?
3. What are Gilt funds?
4. What is a wet lease and a dry lease?
5. What is the name of the commercial arrangement whereby an equipment user has the right to use the equipment in return for a rental?
6. What is factoring without recourse?
7. What is Bridge Financing?
8. Outline the definition of a venture capital company.
9. Name the components of the capital market.
10. Name four non-fund or fee based financial services.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
11. Explain four ‘terms’ used in leasing and the steps involved in entering into a leasing transaction.
12. “Factoring helps to free up working capital tied up in the form of trade debts”.  Explain.
13. Explain in brief any two venture capital funding organizations in India.
14. Write a short note on

(a)   Pure growth mutual funds.

(b)   Off shore mutual funds.

15. Distinguish between Banking and Merchant Banking services.
16. Explain the relationship between the primary and secondary market and the differences between the two.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
17. “A financial system is a set of sub systems consisting of financial institutions, markets, instruments and services”.  Give an overview of the components of the Indian financial system.
18. Explain in detail any five money market instruments and their importance.
19. “A merchant banker acts as a Financial Engineer for a business”.  In this context explain the functions of Merchant Banks.

 

20. “Credit rating benefits both the Investors and the company which is rated”.  Explain.
21. Different leasing options exist according to the need of the customer. Explain.
 

SECTION – D

IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
22. The 1991-92 Securities Scam (Harshad Mehta Scam)

In 1991, major changes in the government policy led to the emergence of a market-oriented private enterprise economy through the removal of controls.

The economic liberalisation package compelled banks to improve their profitability. With liberalisation entered the free interest rate regime, which meant that banks had to face interest rate uncertainty. Coupled with this was strict enforcement of SLR requirements for banks to keep the money supply under control. Hence, public sector banks were forced to undertake more trading in government securities. The increase in interest rates on government securities with a longer period of maturity meant capital loss (depreciation) on the holding of old securities. To partly offset this loss, banks began trading of a new instrument—repos or ready forward. Repo is a means of funding by selling a security held on spot (ready) basis and repurchasing it on forward basis.

 

Several banks, including foreign banks, were unwilling to purchase securities for maintaining SLR because of the risk of depreciation. They preferred ready forward contracts with other banks, which were surplus in securities. These ready forward contracts were turned around every fortnight depending on the banks’ deposit figures. Moreover, many banks had purchased public sector bonds which they could not sell due to the coupon rate hike. Many banks then violated the Reserve Bank advice and entered into ready forward deals in PSU bonds.

 

Repos are a legal and versatile instrument but the inter-bank repos in 1991-92 were based on some inside information obtained illegally. Besides obtaining information illegally, most of the ready forward deals were dubious and facilities like Bank Receipts (BRs) and SGL forms were misused. Bank receipts which were working smoothly as a mechanism (acknowledgement) for transfer of government securities amongst banks were highly misused. There were fake bank receipts in circulation and there was double counting of BRs, which led to an accelerated growth in money supply.

 

Most banks, with a view to increasing their profits, employed their clients’ funds in stocks through their brokers. This they did by offering higher returns through portfolio management.

 

 

The stock market index—BSE Sensex—rose by leaps and bounds. Harshad Mehta, by injecting the banks’ money into share trading, pushed up prices of selected scrips. Besides the banks’ funds, he tapped another source of money—mutual funds. The government was encouraging the creation of mutual funds. These mutual funds, in order to increase their popularity, assured higher returns which led to sizable flow of money to the stock market. Moreover, certain industrialists engaged themselves in ‘insider trading’ to raise the prices of their shares to prevent hostile takeovers.  Brokers, with so much money in their hands, were successful in raising the Sensex by 1,500 points in 15 days.

 

The boom, which began in July 1991, peaked in April 1992, before the bubble burst. Prices of many scrips such as Apollo Tyres, ACC, Castrol India, East India Hotels, GE Shipping, GNFC, Deepak Fertilisers, and Tata Chemicals shot up three times their usual value in just a year’s time.

 

Between March 1991 and March 1992, the BSE sensitive index rose by more than three and a half times—from 1,168 to 4,285. At the peak level, the market capitalisation of Rs 3 lakh crore was about half of the GDP as compared to hardly one-fifth of the GDP the previous year. The market price-earning (P/E) ratio at 55 was not only higher than what it was in many other developing and developed countries but was far in excess of the fundamentals. The monetary size of the securities fraud was estimated to be Rs 3,542 crore. The Sensex dropped to 3,000 and the BSE was closed for a month when the scam came to light.

 

The scam highlighted the loopholes in the financial system, unfair trade practices in various instruments, widespread corruption, and wrong policies. The Reserve Bank banned inter-bank repos after the scam and the pace of reforms in the financial sector also increased.

 

Questions:

 

a.      Highlight atleast four loopholes in the Indian Financial System during the early 1990’s.

b.      Give a brief account of the unfair trade practice carried out by Harshad Mehta.

c.       Give your recommendations to avoid such a situation in the future.

 

(5+5+5)

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St. Joseph’s College of Commerce IV Sem Cost And Management Accounting – Ii Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM – IV SEMESTER
C1 12 401 :COST AND MANAGEMENT ACCOUNTING – II
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What is Sunk Cost?  Give an example.
  2. Mention any two advantage of Standard Costing.
  3. How is Absorption Costing different from Marginal Costing?
  4. Differentiate between Normal Loss and Abnormal Loss in Process Costing.
  5. Mention any four components of Master Budget.
  6. From the following particulars, find out the Break Even Point in quantity and in Value.

Variable Cost per unit Rs. 75
Fixed Cost   Rs. 2,70,000
Selling Price per unit Rs. 100
  7. What are irrelevant costs?  Mention any two examples of irrelevant Cost.
  8. How do you calculate Idle Time Variance?  Can Idle Time Variance be Favourable?
  9. What are Opportunity Costs?  Are they relevant for decision making?
  10. The output of Process A was 2,500 units.  Normal loss allowed was 10% of input.  Abnormal loss was 200 units.  Calculate the number of units of input.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. 600 Kg. of a material was charged to Process A at the rate of Rs. 4 per kg.  The direct labour amounted to Rs. 200 and the other departmental expenses amounted to Rs. 760.  The normal loss is 10% of the input and the net production was 500 Kg.  Assuming that process scrap is saleable at Rs. 2 per Kg., prepare a ledger of Process A clearly showing the values of normal and abnormal loss.
  12. From the information given below, you are required to calculate the following:

a)      The P/V Ratio

b)     Break Even Point in Units

c)      Margin of Safety if actual sales is Rs. 75,000

d)     Net Profit when actual sales are 10% above BEP.

e)      Expected Sales in value to earn a profit of Rs. 25,000.

Direct Material per unit Rs. 3
Direct Labour per unit Rs. 2
Fixed Overheads (Total) Rs. 10,000
Variable overhead 100% of Direct Labour
Selling Price per unit Rs. 9.50
   

13.

 

The expenses budgeted for production of 10,000 units in a factory are furnished below:

Particulars Rs. Per unit
Materials 70
Labour 25
Variable Overheads 20
Fixed Overheads 10
Variable Expenses (direct) 5
Selling Expenses (10% fixed) 13
Distribution Expenses (20% fixed) 7
Administration Expenses (Rs. 50,000) 5
Total 155

Prepare a budget for the production of 7,000 units. Assume that Administration expenses are fixed for all levels of production.

 

  14. 10,000 shirts have been manufactured for export at a cost of Rs. 300 per shirt. These shirts were rejected because of defects and can be sold for Rs. 240 per shirt in the local market. If the defects are rectified by spending Rs. 60 per shirt, the same can be sold for Rs. 320.

i)                   What are the relevant costs?

ii)                 Should the rectification be done?

iii)              What is the gain or loss if not rectified?

iv)                What is the gain or loss if rectified?

  15. Calculate Variable Overhead Variances from the following and verify your result.

Particulars Budgeted Actual
Output in units 20,000 19,000
No. of Hours 5,000 4,500
Variable Overheads Rs. 5,000 Rs. 4,800
  16. Mention the differences between Fixed Cost and Variable Cost.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. Prepare Process Accounts and Calculate Total Cost of Production from the data given below:

Particulars Process A (Rs.) Process B (Rs.) Process C  (Rs.)
Materials 2,250 750 300
Wages 1,200 3,000 900
Direct Expenses:      
 Fuel 300 200 400
Carriage 200 300 100
Works Overheads 1,890 2,580 1,875

 

The indirect expenses Rs. 1,275 should be apportioned on the basis of wages.

  18. Prepare a Cash Budget for the three months ending 30th June, 2016 from the information given below:

a)

Month Sales (Rs.) Materials (Rs.) Wages (Rs.) Overheads (Rs.)
Feb 14,000 9,600 3,000 1,700
Mar 15,000 9,000 3,000 1,900
Apr 16,000 9,200 3,200 2,000
May 17,000 10,000 3,600 2,200
Jun 18,000 10,400 4,000 2,300

b) Credit Terms are:

Sales and Debtors:  10% of Total Sales are for Cash, 50% of the credit sales are collected next month and the balance in the following month.

Creditors:  Materials :  2 months;  Wages :  ¼ month  and  Overheads : ¼ month.

c) Cash and Bank balance on 1st April 2016 is expected to be Rs. 6,000.

d) Other relevant information are:

1 Plant and Machinery will be installed in Feb. 2016 at a cost of Rs. 96,000.  The monthly installment of Rs. 2,000 is payable from April onwards.
2 Dividend at 5% on Preference Share Capital of Rs. 2,00,000 will be paid on 1st June.
3 Advance to be received for sale of vehicles Rs. 9,000 in June.
4 Dividends from investments amounting to Rs. 1,000 are expected to be received in June.
5 Income Tax (advance) to be paid in June is Rs. 2,000.
  19. The standard mix to produce one unit of product is as follows:

Materials No. of units Cost per unit Total (Rs.)
A 60 Rs. 15 900
B 80 Rs. 20 1,600
D 100 Rs. 25 2,500
Total 240   5,000

During the month of July, 10 units were actually produced and consumption was as follows:

Materials No. of units Cost per unit Total (Rs.)
A 640 Rs. 17.50 11,200
B 950 Rs. 18.00 17,100
D 870 Rs. 27.50 23,925
Total 2,460   52,225

Calculate all the Material Variances- MCV, MPV, MUV, MMV, MYV

 

  20. Reliable Product Co. manufactures product MK.  The company earned a profit of Rs. 14,00,000 from the production of this product MK in the year 2015-16, after charging fixed cost of Rs. 10,00,000.  Product MK was sold for Rs. 50 per unit and has a variable cost of Rs. 20 per unit.

Market research suggest the following responses to price changes:

 

Alternative Selling Price reduced by Quantity sold increased by
A 5% 10%
B 7% 20%
C 10% 25%

Evaluate these alternatives and suggest on profitability considerations, which alternative should be adopted for the forthcoming year 2016-17, assuming there is no change in the cost structure.

 

  21. a) The product cost for a factory of a year are given below:

Particulars Rs.
Direct labour cost 75,000
Direct material cost 1,20,000
Production overhead-  
                     Fixed Rs. 45,000  
                     Variable Rs. 70,000 1,15,000

The production manager anticipates the following changes in the following year:

i)       The average rate of direct labour will increase from Rs.4 per hr to Rs.5 per hr.

ii)     Production efficiency would increase by 5%.

iii)  Direct labour hour will increase by 15%.

iv)   The purchase price per unit of direct material and other expenses will remain unchanged.

Prepare the production cost budget (overheads will be absorbed on basis of direct wages).                                                                                        (10 Marks)

b)     A machinery was purchased for Rs. 26,00,000. The operating cost is Rs. 130 per hour. When the machine was about to be installed it was found out that another machine which is more efficient was available in the market for Rs. 45,50,000. The operating cost of the machine being Rs. 91 per hour.

If this new machine is purchased for Rs. 45,50,000, the old machine could be disposed off for Rs. 15,60,000.

i)                    Identify the relevant cost

ii)                  How many hours does the new machine have to run for the benefit of the company?

iii)                Calculate the break-even hours of both the machines, Considering Revenue per hour as Rs. 195.

(5 Marks)

 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. a) A manufacturer has planned his level of operation at 50% of his plant capacity of 30,000 units.  His expenses are estimated as follows, if 50% of the plant capacity is utilized:

 

a) Direct Materials Rs. 8,280
b) Direct Wages Rs. 11,160
c) Variable and other manufacturing exps Rs. 3,960
d) Total fixed expenses irrespective of  capacity of utilization Rs. 6,000

 

The expected selling price in the domestic market is Rs. 2 per unit.  Recently, the manufacturer has received a trade enquiry from an overseas organization interested in purchasing 6,000 units at a price of Rs. 1.45 per unit.

 

As a professional management accountant, what would be your suggestion regarding acceptance or rejection of the offer?

Support your suggestion with suitable quantitative information.

(7 Marks)

b)  A factory is engaged in the production of a chemical X and in the course of its manufacture, a by-product Y is produced, which after a separate process has a commercial value.  For the month of January, the following are the summarized costing data:

Particulars Joint Expenses (Rs) Separate Expenses
X  (Rs.) Y  (Rs.)
Materials 19,200 7,360 780
Labour 11,700 7,680 2,642
Overheads 3,450 1,550 544

The output for the month was 142 tonnes of X and 49 tonnes of Y.  The selling price of Y averaged Rs. 280 per tonne.

Assuming that the profit on Y is estimated at 50% of the Selling Price, you are required to:

a)      Calculate Y’s share of Joint Cost.

b)     Prepare Main Product X A/c and

c)      By-product Y A/c.

( 8 Marks)

 

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St. Joseph’s College of Commerce IV Sem Business Statistics & Research Techniques Question Paper PDF Download

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st. joseph’s college of commerce (autonomous)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.com – iV semester
C1 11 402: BUSINESS STATISTICS & RESEARCH TECHNIQUES
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Mention any four limitations of statistics.
  2. Define Correlation.
  3. What are the components of Time Series Analysis?
  4. Two coins are tossed. Find the probability of getting either heads or both tails.
  5. What is a null hypothesis?
  6. What is meant by an Index Number? State any two problems in construction of an Index Number?
  7. State any 2 differences between Classification and Tabulation?
  8. What is meant by Range? State any two uses of Range?
  9. Define secondary data. What are its chief sources?
  10. Arithmetic mean= 26.8, Median= 27.9. What is the value of Mode?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What is a pie diagram? Construct a pie chart for the following data:

Principal Exporting countries of cotton

U.S.A INDIA EGYPT BRAZIL ARGENTINA
6,367 2,999 1,688 650 202
  12. What do you mean by a questionnaire? State the essential points in drafting a good questionnaire.
  13. In a singing competition 7 candidates were ranked by judges A and B as follows:

Candidate: I II III IV V VI VII
Rank by A: 3 4 5 6 1 2 7
Rank by B: 2 1 7 5 3 4 6

Compute the coefficient of rank correlation.

 

  14. From the following data calculate Fishers index number.

  Price Quantity
Commodity 2010 2015 2010 2015
Rice 9.3 4.5 100 90
Wheat 6.4 3.7 11 10
Jowar 5.1 2.7 5 3
  15. Prepare a blank table showing the average wages of males and females, classified into two age-groups of eighteen and over, and under eighteen years in five industries at two different dates.
  16. Calculate 3 yearly moving average for the following data:

Year 2008 2009 2010 2011 2012 2013 2014 2015
Price (Rs.) 100 107 109 111 110 112 114 113
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Following data are available in respect of sales and advertisement expenditure:

Statistical Details Sales

(in Rs.)

Advertisement Expenditure

(in Rs.)

Mean

Standard Deviation

70,000

15,000

15,000

3,000

Co-efficient of correlation +0.8

Find out:

(a)   Two regression equations;

(b)   If the company desires to achieve the target sales of Rs.1,00,000 then how much should be the advertisement budget?

(c)    If the company has budget for advertisement expenditure limited to Rs.10,000, then what would be the expected sales in Rs.?

  18.  The Aravind Store has its head office at Ahmedabad, Gujarat. It has a textile showroom in Karnataka. The following table shows daily sales of the branch  during January and February 2016  (Totally 50 days excluding holidays):

Branch Daily Sales (Rs. in thousands)
Jayanagar Branch, Bangalore 42 53 65 63 61 47 56 60 64 45
55 57 82 42 39 51 65 55 33 70
50 52 53 45 45 25 36 59 63 39
65 30 45 35 49 15 54 48 64 26
75 20 42 40 41 55 52 46 35 18

As a Marketing Manager of Aravind Store,

(a)   Calculate the frequency distribution table for sales figure using continuous series (0-10, 10-20, and so on)

(b)   Provide the data on Mean, Standard deviation and Coefficient of variation of sales to the Head Office of Aravind Store, Ahmedabad, Gujarat.

(5+10)

  19. a. Calculate the expected frequencies for the following data presuming the two attributes, i.e, conditions of home and condition of child as independent.

 

                                                                       Condition of Home
                                                                                 Clean                        Dirty
 

Condition of Child

 

 

Clean 70 50
Fairly clean 80 20
Dirty 35 45
Total 185 115

Use chi-square test at 5% level of significance to state whether the two attributes are independent.

b) A sample of 400 male students of a college is found to have a mean height of 171.38 cm.  Can it be regarded as a sample from a large population with mean height 171.17 cm and standard deviation 3.30 cm?  Test at 5% level of significance.

(10+5)

 

                                                                                                             

  20. a) The monthly profits in Rupees of 100 textile shops in Bangalore City are distributed as follows:

Profits

(Rs. in ‘000s)

No. of Shops Profits

(Rs. in ‘000s)

No. of Shops
0-100

100-200

200-300

13

18

27

300-400

400-500

500-600

20

17

6

Find the value of mode by drawing histogram of the given data. Check this value by the calculation, using formula.

b) A box contains 25 balls numbered 1 to 25.  Two balls are drawn from the box with replacement.  Find the probability of selecting:              

  • Both odd numbers
  • One odd and one even number
  • Atleast one odd number

(10+5)

  21. Given below are the figures of sales (‘000 rupees) of a certain shop:

Year 2009 2010 2011 2012 2013 2014 2015
Sales 125 128 133 135 140 141 143

a) Fit a straight line by the method of least squares and show the trend values

b) Estimate the trend value for the year 2016.

 

SECTION – D

IV) Case Study                                                                                                              (1×15=15)                                                                                          
  22. a. Discuss the scope of statistics in detail.

b. Calculate the mean of the following distribution using short cut method

Class-interval 50-60 60-70 70-80 80-90 90-100 100-110 110-120
Frequency 8 12 13 15 10 11 6

 

(7+8)

 

 

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St. Joseph’s College of Commerce IV Sem Additional English Question Paper PDF Download

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St. Joseph’s College of Commerce (Autonomous)

End Semester Examination – MARCH /April 2016

B.COM – IV SEMESTER

 C1 12 4 AE: ADDITIONAL ENGLISH

Duration: 3 Hours                                                                                        Max. Marks: 100

Section -A

  1. Answer the following in a word, phrase or a sentence.            (5×2= 10)
  2. Who is Mr. Spencer? Why did Holden visit him?
  3. Who asked Holden to write an essay for him?
  4. Name any two siblings of Holden Caulfield.
  5. In which month does the novel take place?
  6. Mention if the following statement is true or false.

JD Salinger’s novel is semi-autobiographical.

  1. Write short notes on any FOUR of the following questions in about 100 words.                             (4×5 =20)
  2. Significance of the title of the novel.
  3. Holden’s fight with Stradlater.
  4. Character sketch of Phoebe.
  5. Holden’s disaffection with the adult world.
  6. Concept of phoniness as articulated by Holden Caulfield.

III. Answer the following questions in about 250 words each.                         (3×10 =30)

  1. What are Holden’s major complaints against grown –ups and their world? Do you think his perceptions are justified? Give reasons.
  2. Write an essay on adolescence in India and in America with respect to Holden’s experiences and your own.
  3. J. D Salinger’s novel is hugely popular and at the same time it has been banned from College curriculum in the past. What do you think are the reasons for these extreme opinions about the novel? Attempt your own analysis.

Section – B

  1. IV) Write short notes on any TWO of the following:  (2×5=10)   
  2. The portrayal of rural feudalism in Rudaali.
  3. The profession of Rudaalis and its socio-cultural implication.
  4. Ganju and Bhudwa

 

  1. Answer the following questions in about 200 words. (3×10=30)
  2. Attempt a character sketch of Shanichari. How is she a symbol of both oppression and resilience in Rudaali?
  3. What in your opinion are the true causes of the misery of Shanichari and other Rudaalis as seen in Mahashweta Devi’s novella? And what are the possible avenues for their emancipation?
  4. Discuss the nature of the relationship between Shanichari and Bhikni. In what way does it alter the life of Shanichari and what insights does it offer into caste and gender marginality as it is experienced by the women of bottommost strata of Indian society?

 

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St. Joseph’s College of Commerce II Sem General English Question Paper PDF Download

St. Joseph’s College of Commerce (Autonomous)

End Semester Examination – March /APRIL 2016

B.Com – II Semester

c1 15 2 ge: GENERAL ENGLISH

Duration: 3 Hours                                                                                      Max. Marks: 100

                                                                

Note:  Read the questions carefully and answer.

Do not exceed the paragraph limit.

            Each paragraph should contain at least four sentences.

 

SECTION – A

Read the passage below and answer the questions.

Freedom of speech: Is there really any difference between sedition and blasphemy?

Freedom of speech is one of the cornerstones of liberal government. In his famous philosophical work On Liberty, John Stuart Mill laid out the basic principle of how free speech should work:

If the arguments of the present chapter are of any validity, there ought to exist the fullest liberty of professing and discussing, as a matter of ethical conviction, any doctrine, however immoral it may be considered.

“However immoral”, though, is a high bar. What if a person’s speech and ideas are terribly odious to the people and society around him? Here Mill is even more emphatic:

If all mankind minus one were of one opinion, and only one person were of the contrary opinion, mankind would be no more justified in silencing that one person than he, if he had the power, would be justified in silencing mankind.

Of course, the one ideology that this sort of unrestrained freedom of speech runs smack into is religion. It is rather easy to talk of offending everyone as long the discussion is about the more banal facets of human existence. However, once talk turns to gods, goddesses, prophets and seers, believers tend to get a bit more heated. As a result, even self-proclaimed liberal democracies have allowed the criminalisation of speech that seem to hurt religious sentiments. For example, England had a law that penalised the blaspheming of the Christian religion, which was on its books right till 2008. This was in spite of the fact that its 17th century Bill of Rights protected free speech.

Interestingly, the other thing that is usually shielded from freedom of speech is the state. Even countries which have liberalism as their ruling ideology have, through history, penalised offensive speech against the state. The United States, a country that almost fetishes free speech, has a sedition law on its books that it used to target people branded “anti-national”. This law was used against Communists and Nazi sympathisers in the 1940s but, within a decade, its judiciary had ruled that ideas, no matter how seemingly harmful, can never be a basis for charging someone with sedition. As a result, the Unites States’ sedition law has remained unused since 1961.

Free speech in India

Matters in India are a bit less promising. Free speech is curbed by a fairly stringent blasphemy law, Section 295A of the Indian Penal Code, introduced by the British Raj in 1932. “Anti-national” speech is curbed by India’s sedition law, section 124A, also introduced by the Raj. There is however, a fair bit of opinion ranged against blasphemy laws. The United Nations, for example, recognises that blasphemy laws are incompatible with civil rights. In India too, while free speech has frequently been proscribed as a result of religion, ­there has also been a strong backlash against the blasphemy law within the framework of the modernist tradition that attempts to move beyond the irrationality of religion.

The question here, of course, is whether a liberal state should be in the business of outlawing speech just because people’s feelings are hurt? India’s sedition law itself has been read down and is fairly liberal on paper now, given that only speech that directly incites violence against the government is liable to be prosecuted as seditious.

(An edited excerpt of an article published in Scroll.in, Feb 12, 2016 by Shoaib Daniyal)

  1. Answer the following in about two paragraphs each. (2 x 10 = 20)
  2. What have you understood by the terms ‘morality’ and ‘ethics’? How is it relevant to Mill’s statement on free speech?
  3. In what cases does free speech come into direct conflict according to the above article? And, how are ‘liberalism’ and ‘free speech’ as ideas connected to each other?

Answer in about three or four paragraphs each.                                      (2 x 20 = 40)

  1. The word sedition means “the crime of saying, writing, or doing something that encourages people to disobey their government” and blasphemy means “great disrespect shown to God or to something holy”.

But Gandhi had this to say in a trial when he was charged under “Section 124A of the Indian Penal Code” in 1922 for sedition “Affection cannot be manufactured or regulated by law. If one has no affection for a person or system, one should be free to give the fullest expression to his disaffection, so long as he does not contemplate, promote, or incite to violence.”

Is expressing disaffection towards the government, nation or religion the same as being seditious or blasphemous?  State your opinion and prove it through arguments and explanations.

  1. Here is a quote from Rosa Luxemburg on free speech: “the freedom of speech is meaningless unless it means the freedom of the person who thinks differently”. In the above article the writer while commenting on free speech in India says “Matters in India are a bit less promising.”

What do you think is the status of ‘free speech’ in India? How would you make sense of Rosa Luxemburg’s quote on free speech in the Indian context? Use observations, readings and experiences in answering the question.

SECTION – B

  1. Answer the questions in about two paragraphs each. (2 x 10 = 20)

Read the extract from Amartya Sen’s “What Clash of Civilization?”

A person’s religion need not be his or her all-encompassing and exclusive identity. Islam, as a religion, does not obliterate responsible choice for Muslims in many spheres of life. Indeed, it is possible for one Muslim to take a confrontational view and another to be thoroughly tolerant of heterodoxy without either of them ceasing to be a Muslim for that reason alone.

The response to Islamic fundamentalism and to the terrorism linked with it also becomes particularly confused when there is a general failure to distinguish between Islamic history and the history of Muslim people. Muslims, like all other people in the world, have many different pursuits, and not all their priorities and values need be placed within their singular identity of being Islamic. It is, of course, not surprising at all that the champions of Islamic fundamentalism would like to suppress all other identities of Muslims in favor of being only Islamic. But it is extremely odd that those who want to overcome the tensions and conflicts linked with Islamic fundamentalism also seem unable to see Muslim people in any form other than their being just Islamic.

People see themselves—and have reason to see themselves—in many different ways. For example, a Bangladeshi Muslim is not only a Muslim but also a Bengali and a Bangladeshi, typically quite proud of the Bengali language, literature, and music, not to mention the other identities he or she may have connected with class, gender, occupation, politics, aesthetic taste, and so on. Bangladesh’s separation from Pakistan was not based on religion at all, since a Muslim identity was shared by the bulk of the population in the two wings of undivided Pakistan. The separatist issues related to language, literature, and politics.

Similarly, there is no empirical reason at all why champions of the Muslim past, or for that matter of the Arab heritage, have to concentrate specifically on religious beliefs only and not also on science and mathematics, to which Arab and Muslim societies have contributed so much, and which can also be part of a Muslim or an Arab identity. Despite the importance of this heritage, crude classifications have tended to put science and mathematics in the basket of “Western science,” leaving other people to mine their pride in religious depths. If the disaffected Arab activist today can take pride only in the purity of Islam, rather than in the many-sided richness of Arab history, the unique prioritization of religion, shared by warriors on both sides, plays a major part in incarcerating people within the enclosure of a singular identity.

  1. Do you agree with the statement “A person’s religion need not be his or her all-encompassing and exclusive identity.”? Comment on the concept of ‘singular identity’.

 

  1. Relate Mona’s Story with Amartya Sen’s idea of singular and multiple identities. Also, comment on the vachanas of Basavanna and Dasimmaiah that talk about gender identities.

 

SECTION – C

III. Answer the questions in about two paragraphs each.                      (2 x10 = 20)

  1. Write about any two themes/ideas/metaphors/images from the poems of Robert Frost and Faiz Ahmad Faiz.

 

  1. Write about a poem that you read in the class and that was very relatable to your experiences in life? What is your perspective on reading and writing poetry?

St. Joseph’s College of Commerce II Sem Corporate Accounting Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016

B.COM (Regular ) – II SEMESTER
C1 15MC201: CORPORATE ACCOUNTING
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Mention any two factors affecting the valuation of shares.
  2. What is Non-purchased Goodwill?  Mention any two features of Non-purchased Goodwill.
  3. Mention the four methods of calculation of Purchase Consideration.
  4. What is Minority Interest?  How do you calculate it?
  5. Can partly paid preference shares be redeemed? What is the procedure to redeem partly paid preference shares?
  6. Explain Pre-acquisition Profits and Post-acquisition Profits with respect to Consolidation of Financial Statements.
  7. Write any two accounting differences between an amalgamation in the nature of merger and amalgamation in the nature of purchase.
  8. Given that Yield Value of a Share is Rs. 188 and the Fair Value of a Share is

Rs. 194, find the Intrinsic Value per Share.

  9. During the year 2010-11, X Ltd. issued 50,000  11% Preference Shares of Rs. 100 each at a premium of 5%, which are redeemable at the end of 3rd year at par.  At the end of the 3rd year, the company did not have sufficient cash resources to redeem the preference shares.  Hence it issued 10,000 Equity Shares of Rs. 100 each at a premium of 10%.  Calculate the amount to be transferred to Capital Redemption Reserve at the time of redemption of Preference Shares.
  10. Find the value of Goodwill, if it is to be calculated at 3 years purchase of average profits of last four years.  The last four year’s profits are as below:

Year 1 Profit Rs. 25,000 Year 2 Loss Rs. 10,000
Year 3 Profit Rs. 35,000 Year 4 Profit Rs. 40,000
 

SECTION – B

II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Balance Sheet Extract of H Ltd. and S Ltd. as at 31st March 2015 is as below:

Rs. In thousands

Liabilities H Ltd S Ltd Assets H Ltd S Ltd
Equity Shares of Rs. 10 each fully paid up 1,050.00 175.00 13,125 shares of S Ltd. 192.50 0
General Reserve 87.50 52.50      
Surplus A/c 140.00 70.00      

 

 

Additional Information:

At the time of acquisition of 13,125 shares by H Ltd in S Ltd, S Ltd had Rs. 42,000 in General Reserve and Rs. 66,500 credit balance in Profit and Loss A/c from which 15% dividend was paid by S Ltd and dividend received by H Ltd. on these shares were credited to Surplus A/c.

You are required to calculate:

A) Analysis of Profits of S Ltd B) Minority Interest
  12. Liabilities and Assets of Vivek Ltd. as on 31st Dec, 2015 stood as under:

Rs. In Lakhs

Liabilities Amount Assets Amount
10% Preference Shares of Rs. 100 each 25.5 Fixed Assets 110.5
Equity Shares of Rs. 10 each 51.0 Investments 20.4
General Reserve 30.6 Current Assets 17.0
12% Debentures 23.8    
Current Liabilities 17.0    
Total 147.9 Total 147.9

Karan Ltd. signified its agreement to take over the assets and liabilities of Vivek Ltd. as per the following terms and conditions:

a)      Fixed assets at 110% of the books value.

b)     Investments at 25% below the par value.

c)      Current assets and liabilities at book value except that stock in trade at cost amounting to Rs. 10 lakh was agreed to be taken over at a discount of 20%.

d)     12% Debentures are to be discharged at a premium of 10% by issuing 12% debentures of Karan Ltd.

Calculate Purchase consideration for the takeover under Net Assets Method.

  13. The Board of Directors of a Company decided to issue minimum number of equity shares of Rs. 10 each at 10% discount to redeem Rs. 15,00,000 preference shares.  The maximum amount of divisible profits available for redemption is Rs. 8,00,000.  Calculate the number of shares to be issued (if the company decides to issue shares in multiple of 50 only) by the company to ensure that provisions of the companies act is not violated.  Also pass the necessary Journal Entries.
  14. From the following information, calculate the value of an Equity share under the yield method.

a.      The paid up share capital of the company consists of 1,000, 15% preference shares of Rs. 100 each and 20,000 Equity shares of Rs.10 each.

b.      The average annual profit of the company, after providing for depreciation and taxation amounted to Rs. 1,01,250. It is considered necessary to transfer Rs.13,500 to general reserve before declaring dividend.

c.       The normal return expected by investors on Equity shares from this type of business on by the company is 12%.

   

 

 

15.

 

 

 

From the information given below, Compute Cost of Control.

Cost of Acquisition Rs. 5,00,000
Dividend from Post Acquisition Profits received by holding Co. Rs. 10,000
Dividend from Pre-acquisition Profits received by holding Co. Rs. 20,000
Paid up Share Capital held by the holding Co. in Subsidiary Co. Rs. 4,50,000
Holding Company’s share of Capital Profits in Subsidiary Co. Rs. 50,000
Holding Company’s share of Revenue Profits in Subsidiary Co. Rs. 75,000
   

16.

 

What is Goodwill?  Mention any four factors affecting the value of Goodwill.

 

SECTION – C

III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. The following is the balance sheet of XYZ Ltd as on 31-12-2015.

LIABILITIES Rs. ASSETS Rs.
11,520 15% Preference shares of Rs.100  each 11,52,000

 

Sundry assets (book value) 34,56,000
17,280 Equity shares of Rs.100 each 17,28,000    
Bills payable 1,44,000    
Creditors 4,32,000    
       
Total 34,56,000 Total 34,56,000

The market value of 60% of the assets is supposed to be 15% more than the book value and that of the remaining 40% at 10% less than the book value. There is an unrecorded liability of Rs. 28,800.   Find the value of each Equity share.

 

  18. The Financial Position of Ojaswi Ltd. at 1st January was as follows:

Equity and Liabilities Rs. Assets Rs.
4,000  5% Redeemable Preference Share Capital of Rs. 10 each 4,00,000 Sundry Assets 8,40,000
20,000 Equity Shares of Rs. 10 each fully paid 2,00,000 Cash and Bank 3,00,000
Securities Premium 50,000    
Profit and Loss A/c 2,80,000    
Sundry Liabilities 2,10,000    
Total 11,40,000   11,40,000

As per the terms of issue of the Preference Shares, these were redeemable at a premium of 5% on 1st February, and it was decided to arrange this as far as possible out of the Company’s resources subject to leaving a balance of Rs. 50,000 in the credit of the profit and loss account.  It was also decided to raise the balance amount by issue of 17,000 Equity Shares of Rs. 10 each at a premium of Rs. 2.50 per share.

 

You are required to pass necessary Journal Entries and draft the balance sheet after redemption.

  19. XYZ Co. intends to purchase the business of ABC Co.  Goodwill for this purpose is agreed to be valued at 3 years purchase of the weighted average profits of the past 4 years.  The profits after tax for these years and the appropriate weights to be used are:-

Year Profits after tax (Rs) Weights
2012 1,80,000 1
2013 2,05,000 2
2014 2,75,000 3
2015 3,05,000 4

The following information was available:-

a.      On 1.1.2013 a major repair   was made in respect of a plant at a cost of Rs. 60,000 and was charged to revenue. The said sum is agreed to be capitalized for goodwill calculation, subject to adjustment of depreciation at 15% on diminishing balance method.

b.     The closing stock for the year 2012 was overvalued by Rs.13,000.

c.       The Closing Stock for the year 2014 was undervalued by Rs. 2,000.

d.      There was an abnormal loss of Rs. 38,000 in the year 2013.

e.      Abnormal gain in the year 2015 amounted to Rs. 3,500.

f.       To cover the management cost an annual charge of Rs. 25,000 should be made for the purpose of goodwill valuation.

Compute the value of goodwill for the company.  Tax rate = 50%.

 

  20. From the Balance Sheets given below as at 31st March, prepare a Consolidated Balance Sheet of H Ltd. and its subsidiary company S Ltd. as at that date.

Rs. In thousands

Liabilities H Ltd S Ltd Assets H Ltd S Ltd
Equity Shares of Rs. 10 each fully paid up 425.00 85.00 Fixed Assets 340.00 51.00
Surplus A/c 170.00 51.00 Stock 255.00 102.00
Reserve 51.00 34.00 Debtors 63.75 72.25
Bills Payable 0 12.75 Bills Receivable 17.00 0
Trade Creditors 93.50 51.00 Shares in S Ltd. (6375 share at cost) 63.75 0
      Preliminary Expenses

 

0 8.50
Total 739.50 233.75 Total 739.50 233.75

 

Additional Information:

a.      The bills accepted by S Ltd. are all in favour of H Ltd.

b.      The stock of H Ltd. includes Rs. 21,250 bought from S Ltd. at a profit to the latter at 20% of sales.

c.       All the surplus of S Ltd. has been earned since the shares were acquired by H Ltd. but there was already the reserve of Rs. 34,000 at that date.

 

 

  21. Balance Sheets as at 31st March

Rs. In Thousands

Liabilities Ram Ltd. Rahim Ltd. Assets Ram Ltd. Rahim Ltd.
Equity Shares of Rs. 10 each 2,500 1,500 Building 1,250 775
14% Preference Shares of Rs. 100 each 1,100 850 Plant and Machinery 1,625 850
General Reserve 250 250 Furniture and Fixture 287.50 175
Export Profit Reserve 150 100 Investments 350 250
Investment Allowance Reserve 0 50 Stock 625 475
Profit and Loss A/c 375 125 Sundry Debtors 400 460
15% Debentures (Rs. 100 each) 250 175 Bills Receivable 50 55
Trade Creditors 150 75 Cash at Bank 362.50 260
Bills Payable 75 100      
Other Current Liabilities 100 75      
Total 4,950 3,300   4,950 3,300

 

All the Bills Receivables of Rahim Ltd. were having Ram Ltd’s acceptances.  Ram Ltd. takes over Rahim Ltd. on the above data.

The Purchase Consideration is discharged as follows:

a)      Issued 82,500 Equity Shares of Rs. 20 each at par to the Equity Shareholders of Rahim Ltd.

b)     Issued 15% Preference Shares of Rs. 50 each to discharge the Preference Shareholders of Rahim Ltd., at 10% premium.

 

c)      The Debentures of Rahim Ltd. will be converted into equivalent number of Debentures of Ram Ltd.

 

d)     The Statutory Reserves of Rahim Ltd. is to be maintained for two more years.

e)      Expenses of Amalgamation amounting to Rs. 50,000 will be borne by Ram Ltd.

You are required to:

i)                   Compute Purchase Consideration.

ii)                 Show the necessary Ledger Accounts in the books of Rahim Ltd. and

iii)              The Opening Balance journal entries in the books of Ram Ltd.  on the assumption that the amalgamation is in the nature of Purchase.

 

SECTION – D

 

IV) Case Study –                                                                                                    (1×15=15)                                                                                          
  22.  X Ltd. and Y Ltd. amalgamated on and from 1st Jan.  A new Company Z Ltd. was formed to take over the business of the existing companies.  Their Balance Sheets as on 31st December was:

Rs. In thousands

Liabilities X Y Assets X Y
Share Capital:

Equity Shares of Rs. 10 each

4,500.00 5,250.00 Sundry Fixed Assets 6,375.00 5,625.00
General Reserve 1,125.00 1,500.00 Investments 787.50 412.50
Profit and Loss A/c 750.00 375.00 Stock 937.50 2,062.50
Investment Allowance Reserve 375.00 75.00 Debtors 1,350.00 3,000.00
Export Profit Reserve 37.50 75.00 Cash and Bank 337.50 300.00
12% Debentures 2,250.00 3,000.00      
Sundry Creditors 750.00 1,125.00      
Total 9,787.50 11,400.00 Total 9,787.50 11,400.00

Z Ltd. issued requisite number of shares to discharge the claims of the Equity Shareholders of the Transferor companies.

 

You are required to:

Draft the Balance Sheet of Z Ltd (after amalgamation in nature of Merger) as per Schedule III of the Companies Act 2013.  Notes forming part of the balance sheet need not be provided.

 

 

 

OR

 

You are required to calculate value of each Equity Share based on Discounted Cash Flow Method from the information given below:

i)       Free Cash Flow Estimates:

Year 1 2 3 4 5
Free Cash Flows (Rs) 3,00,000 3,20,000 2,80,000 2,10,000 1,80,000

 

ii)                 After tax Cost of Capital is 17.5%

 

iii)              Present Value factor at 17.5%

Year 1 2 3 4 5
PVF @ 17.5% 0.851 0.724 0.616 0.525 0.446

iv)               No. of Equity Shares = 50,000.

 

 

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St. Joseph’s College of Commerce 2016 II Sem Business Statistics And Research Techniques Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(Regular) – II SEMESTER
C1 15Ar204: BUSINESS STATISTICS AND RESEARCH TECHNIQUES
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Define statistics.
  2. If mean = 3.95 and Z = 4.01 then Md=??
  3. Calculate the mean and median for the following data

70, 65, 55, 75, 80, 85, 65, 70, 95

  4. How do you find the combined Arithmetic Mean of two series of data?
  5. Find the range of weight of 10 students from the following

65, 19, 86, 15, 17, 18, 8, 4, 9, 7.

  6. What is Time series?  Mention the different methods of Time Series.
  7. What is Null & Alternative hypothesis?
  8. Give the meaning of Research.
  9. Distinguish between regression and correlation.
  10. A problem in statistics is given to five students A, B, C, D and E. Their chances of solving it are 1/2; 1/3; 1/4; 1/5 and 1/6. What is the probability that the problem will be solved?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Define tabulation. What are the different parts of it?
  12. Briefly discuss the characteristics of statistics.
  13. A box contains 7 white and 2 black marbles , find the probability of drawing

a)      A white marble b) A black marble c) white or a black marble.

  14. Co-efficient of variations of two series are 80% and 100 % respectively. Their variances are 64 and 36 respectively. What are their arithmetic mean?
  15. From the following data, calculate Rank correlation co-efficient :

X  80  30  60  40  20  66  96  70

Y  30  24  28  68  55  43  38  40

  16. Draw a frequency polygon for the following data.

Weight (in kg)         Number of Students

30-35                                 4

35-40                                 7

40-45                               10

45-50                               18

50-55                               14

55-60                                 8

60-65                                 3

 

 

SECTION – C

III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. a) From the following frequency distribution table calculate mean, median & mode.

Class Interval Frequency
0-20 17
20-40 28
40-60 32
60-80 24
80-100 19
        Total 120

b)     The following table gives data regarding leading sources of technology transfer (in percentage):

Countries Percentage
UK 4
Denmark 10
Canada 5
US 14
Spain 6
Japan 10
Germany 17
Other Developed Countries 19
Developing Countries        15

Represent the data by a suitable Pie Diagram.                                      (10+5)   

  18. You are given below the daily wages paid to the workers in two factories X and Y:

 

Daily Wages (Rs.)

Number of Workers
Factory X Factory Y
120-130 15 25
130-140 30 40
140-150 44 60
150-160 60 35
160-170 30 12
170-180 14 15
180-190 7 5

Calculate Mean, Standard Deviation and Coefficient of Variation  answer the following:

(i) Which factory pays higher average wage?

(ii) Which factory has more consistent wage structure?

 

  19. A movie producer is bringing out a new movie. In order to map out his advertising campaign, he wants to determine whether the movie will appeal most to particular age group or whether it will appeal equally to all age groups. The producer takes a random sample from persons attending preview of the new movie and obtains the following results:

 

 

Particulars

Age Groups  

Total

Under 20 20-39 40-39 60 & over
Liked the Movie 146 78 48 28 300
Disliked the Movie 54 22 42 22 140
Indifferent 20 10 10 20 60
Total 220 110 100 70 500

Apply chi-square test at 5% level of significance. What inference will you draw from the above data taking the hypothesis that movie appeals equally to all age groups?                                                                

  20. Below are given the figures of production (in thousand

quintals) of a sugar factory:

Year :                 2009    2010    2011    2012    2013    2014    2015

Production :        80        90        92       83         94        99       92

(a) Fit a straight line trend to these figures.

(b) Plot these figures on a graph and show the trend line.

(c) Estimate the production in 2016.

  21. a) A husband and wife appear in an interview for two vacancies in the same post. The probability of husband’s selection is 1/7 and that of wife’s selection is 1/5. What is the probability that:

(i) Both of them will be selected.

(ii)Only one of them will be selected, and

(iii) None of them will be selected.

b)   You are given below the following information about advertising and sales:

Particulars Advertisement Expenditure (in crore) Sales (Rs. crore)
Mean 20 100
S.D. 5 12
Correlation coefficient 0.8

(a) Calculate the two regression lines.

(b) Find the likely sales when advertisement expenditure is Rs. 25 crore.

(5+10)

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. a) Calculate Karl Pearson’s coefficient of correlation between expenditure on

advertising (X) and sales (Y) from the data given below:

X: 39 65 62 90 82 75 25 98 36 78

Y: 47 53 58 86 62 68 60 91 51 84

 

b) Compute 1st quartile, 3rd quartile and the co-efficient of quartile deviation from the following data.

Class             0-100        100-200       200-300      300-400      400-500

Frequency      14               25                  38               26                17

(8+7)

 

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St. Joseph’s College of Commerce 2016 II Sem Business Economics -Ii Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM (Regular) – II SEMESTER
C115AR203 : BUSINESS ECONOMICS -II
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. State the difference between Tied aid and untied aid.
  2. What do you mean by administered price?
  3. State the features of monopoly.
  4. Mention the tools of Fiscal policy.
  5. What are selling cost?
  6. Mention any two objectives of pricing policy.
  7. Describe main features of oligopoly.
  8. Distinguish between balance of trade and balance of payments.
  9. Mention any two advantages and disadvantages of Foreign Direct Investment.
  10. Comment on penetration price policy.
 

SECTION – B

II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What is meant by monopolistic competition market? Describe its characteristics?
  12. Explain the general considerations involved in pricing policy.
  13. Distinguish between Devaluation & Exchange Depreciation.
  14. Define inflation.  Briefly explain any four different types of inflation.
  15. Discuss the various factors involved in determining the amount of Foreign aid for Economic development.
  16. Indicate various items in the balance of payments of a country.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. Analyse carefully the conditions of equilibrium of an individual firm under perfect competition both in the short run and the long run periods. Illustrate your answer with diagrams.
  18. Briefly explain the characteristics of different phases of business cycles.
  19. Explain the main instruments of monetary policy for promoting economic development with stability?
  20. Explain price and output of a discriminatory monopolist, with the help of  suitable figures.

 

 

 

 

 

  21. Write short notes:

a.      Three method of pricing.

b.      Private Foreign Investment

c.       Multinational Corporation

 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. As per the official figures, Zimbabwe’s inflation has recently hit an annual rate of almost 1, 65,000% in February 2015, Continuous shortage of food and fuel pushed up the inflation from January’s rate of 100000%.

 

About 80% of the country’s population lives in poverty and it is estimated that three million people have left the country for a new life in other countries of South Africa.

 

The economy has been in trouble for several years, with supplies of basic foodstuff, cooking oil and petrol running low. The central bank introduced new banknotes to cope with the spiraling prices and issued 10 million Zimbabwe dollar notes.

 

Questions:

 

a. What type of inflation is referred to this article?

b. Identify the adverse effects of inflation on the economy of the country?

c. Discuss the ways through which the government could control inflation in Zimbabwe?

(2+5+8)

 

 

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St. Joseph’s College of Commerce 2016 II Sem Business Law Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESER EXAMINATION – MARCH/APRIL 2016
B.COM(General) – II SEMESTER
CI 15 MC 202: BUSINESS LAW
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the maxim ‘Ignorantia juris non excusat’.
  2. What are exemplary damages?
  3. Differentiate between a ‘condition’ and ‘warranty’.
  4. State any two exceptions to the rule “No consideration No contract”.
  5. Mention any two inventions which are not patentable.
  6 What do you understand by the term ‘Digital Signature’.
  7. Define ‘restrictive trade practice’.
  8. What is a Quasi-Contract?
  9. Differentiate between a void and voidable contract.
  10. Define Consumer as per Consumer Protection Act.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Explain the circumstances in which consent is not said to be free.
  12. Explain the different types of Cyber Crimes.
  13. What is meant by Opposition of grant of patent and what are the various grounds

on which it can be opposed?

What is meant by Opposition of grant of patent and what are the various grounds

on which it can be opposed?

Examine the features of FEMA.

  14. What are the different types of goods, according to Sale of Goods Act, 1935?
  15. Explain the rights of an unpaid seller, as per Sale of Goods Act, 1935.
  16. When does offer come to an end?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Define ‘Acceptance’. What are the legal rules regarding acceptance?
  18. What is the jurisdiction of the National Commission? What procedure does it follow to settle a complaint?
  19. Explain in detail the various implied conditions & warranties in the Contract of sale.
  20. What are the remedies available to an aggrieved party on the breach of contract?
  21. Examine the procedure for obtaining a patent?
SECTION – D
IV) Case Study – Compulsory question.                                                           (15 marks)                                                                                          
  22. a. A shipbuilder contracted to build and supply a ship of specified dimensions according to a model to be approved by the buyers, it being a term of the contract that the ship was to carry a certain dead weight on a certain draught. The model was approved and it was subsequently found to be a mathematical impossibility to produce a ship that would fulfill the terms of the contract. Can the shipbuilder plead impossibility of performance in suit against him by the buyer?

 

b. A offers to sell a house in Mumbai to B for Rs 50,000. The offer is communicated to B in Delhi by an express letter.  The letter is delayed in the censor office. Before A’s letter reaches B, B receives a telegram from A revoking his offer. Is there a contract between A and B?

 

c. A promises to make a gift of Rs 3,000 towards the repairs of a temple. The trustee of the temple, on the faith of the promise, incurs liabilities. A does not pay. Can the trustee recover the promised amount from A?

 

(5+5+5)

 

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St. Joseph’s College of Commerce 2016 II Sem Additional English Question Paper PDF Download

  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
    END SEMESTER EXAMINATION – MARCH/APRIL 2016
    B.COM – II SEMESTER
    C1 15 2 AE: ADDITIONAL ENGLISH

Duration: 3 hours                                                                                          Max Marks: 100

SECTION –A

  1. Read the short story and answer the following questions.                       (3×10=30)

The postmaster first took up his duties in the village of Ulapur. Though the village was a small one, there was an indigo factory near by, and the proprietor, an Englishman, had managed to get a post office established. Our postmaster belonged to Calcutta. He felt like a fish out of water in this remote village. His office and living-room were in a dark thatched shed, not far from a green, slimy pond, surrounded on all sides by a dense growth. The men employed in the indigo factory had no leisure; moreover, they were hardly desirable companions for decent folk. Nor is a Calcutta boy an adept in the art of associating with others. Among strangers he appears either proud or ill at ease. At any rate, the postmaster had but little company; nor had he much to do. At times he tried his hand at writing a verse or two. That the movement of the leaves and the clouds of the sky were enough to fill life with joy—such were the sentiments to which he sought to give expression. But God knows that the poor fellow would have felt it as the gift of a new life, if some genie of the Arabian Nights had in one night swept away the trees, leaves and all, and replaced them with a macadamized road, hiding the clouds from view with rows of tall houses. The postmaster’s salary was small. He had to cook his own meals, which he used to share with Ratan, an orphan girl of the village, who did odd jobs for him. When in the evening the smoke began to curl up from the village cowsheds, and the cicalas chirped in every bush; when the mendicants of the Baül sect sang their shrill songs in their daily meeting-place, when any poet, who had attempted to watch the movement of the leaves in the dense bamboo thickets, would have felt a ghostly shiver run down his back, the postmaster would light his little lamp, and call out “Ratan.” Ratan would sit outside waiting for this call, and, instead of coming in at once, would reply, “Did you call me, sir?” “What are you doing?” the postmaster would ask. “I must be going to light the kitchen fire,” would be the answer. And the postmaster would say: “Oh, let the kitchen fire be for awhile; light me my pipe first.” At last Ratan would enter, with puffed-out cheeks, vigorously blowing into a flame a live coal to light the tobacco. This would give the postmaster an opportunity of conversing. “Well, Ratan,” perhaps he would begin, “do you remember anything of your mother?” That was a fertile subject. Ratan partly remembered, and partly didn’t. Her father had been fonder of her than her mother; him she recollected more vividly. He used to come home in the evening after his work, and one or two evenings stood out more clearly than others, like pictures in her memory. Ratan would sit on the floor near the postmaster’s feet, as memories crowded in upon her. She called to mind a little brother that she had—and how on some bygone cloudy day she had played at fishing with him on the edge of the pond, with a twig for a make-believe fishing-rod. Such little incidents would drive out greater events from her mind. Thus, as they talked, it would often get very late, and the postmaster would feel too lazy to do any cooking at all. Ratan would then hastily light the fire, and toast some unleavened bread, which, with the cold remnants of the morning meal, was enough for their supper. On some evenings, seated at his desk in the corner of the big empty shed, the postmaster too would call up memories of his own home, of his mother and his sister, of those for whom in his exile his heart was sad,—memories which were always haunting him, but which he could not talk about with the men of the factory, though he found himself naturally recalling them aloud in the presence of the simple little girl. And so it came about that the girl would allude to his people as mother, brother, and sister, as if she had known them all her life. In fact, she had a complete picture of each one of them painted in her little heart. One noon, during a break in the rains, there was a cool soft breeze blowing; the smell of the damp grass and leaves in the hot sun felt like the warm breathing of the tired earth on one’s body. A persistent bird went on all the afternoon repeating the burden of its one complaint in Nature’s audience chamber. The postmaster had nothing to do. The shimmer of the freshly washed leaves, and the banked up remnants of the retreating rain-clouds were sights to see; and the postmaster was watching them and thinking to himself: “Oh, if only some kindred soul were near—just one loving human being whom I could hold near my heart!” This was exactly, he went on to think, what that bird was trying to say, and it was the same feeling which the murmuring leaves were striving to express. But no one knows, or would believe, that such an idea might also take possession of an ill-paid village postmaster in the deep, silent mid-day interval of his work. The postmaster sighed, and called out “Ratan.” Ratan was then sprawling beneath the guava tree, busily engaged in eating unripe guavas. At the voice of her master, she ran up breathlessly, saying: “Were you calling me, Dada?” “I was thinking,” said the postmaster, “of teaching you to read.” And then for the rest of the afternoon he taught her the alphabet. Thus, in a very short time, Ratan had got as far as the double consonants. It seemed as though the showers of the season would never end. Canals, ditches, and hollows were all overflowing with water. Day and night the patter of rain was heard, and the croaking of frogs. The village roads became impassable, and marketing had to be done in punts. One heavily clouded morning, the postmaster’s little pupil had been long waiting outside the door for her call, but, not hearing it as usual, she took up her dog-eared book, and slowly entered the room. She found her master stretched out on his bed, and, thinking that he was resting, she was about to retire on tip-toe, when she suddenly heard her name—”Ratan!” She turned at once and asked: “Were you sleeping, Dada?” The postmaster in a plaintive voice said: “I am not well. Feel my head; is it very hot?” In the loneliness of his exile, and in the gloom of the rains, his ailing body needed a little tender nursing. He longed to remember the touch on the forehead of soft hands with tinkling bracelets, to imagine the presence of loving womanhood, the nearness of mother and sister. And the exile was not disappointed. Ratan ceased to be a little girl. She at once stepped into the post of mother, called in the village doctor, gave the patient his pills at the proper intervals, sat up all night by his pillow, cooked his gruel for him, and every now and then asked: “Are you feeling a little better, Dada?” It was some time before the postmaster, with weakened body, was able to leave his sick-bed. “No more of this,” said he with decision. “I must get a transfer.” He at once wrote off to Calcutta an application for a transfer, on the ground of the unhealthiness of the place. Relieved from her duties as nurse, Ratan again took up her old place outside the door. But she no longer heard the same old call. She would sometimes peep inside furtively to find the postmaster sitting on his chair, or stretched on his bed, and staring absent-mindedly into the air. While Ratan was awaiting her call, the postmaster was awaiting a reply to his application. The girl read her old lessons over and over again,—her great fear was lest, when the call came, she might be found wanting in the double consonants. At last, after a week, the call did come one evening. With an overflowing heart Ratan rushed into the room with her—”Were you calling me, Dada?” The postmaster said: “I am going away to-morrow, Ratan.” “Where are you going, Dada?” “I am going home.” “When will you come back?” “I am not coming back.” Ratan asked no other question. The postmaster, of his own accord, went on to tell her that his application for a transfer had been rejected, so he had resigned his post and was going home. For a long time neither of them spoke another word. The lamp went on dimly burning, and from a leak in one corner of the thatch water dripped steadily into an earthen vessel on the floor beneath it. After a while Ratan rose, and went off to the kitchen to prepare the meal; but she was not so quick about it as on other days. Many new things to think of had entered her little brain. When the postmaster had finished his supper, the girl suddenly asked him: “Dada, will you take me to your home?” The postmaster laughed. “What an idea!” said he; but he did not think it necessary to explain to the girl wherein lay the absurdity. That whole night, in her waking and in her dreams, the postmaster’s laughing reply haunted her—”What an idea!” On getting up in the morning, the postmaster found his bath ready. He had stuck to his Calcutta habit of bathing in water drawn and kept in pitchers, instead of taking a plunge in the river as was the custom of the village. For some reason or other, the girl could not ask him about the time of his departure, so she had fetched the water from the river long before sunrise that it should be ready as early as he might want it. After the bath came a call for Ratan. She entered noiselessly, and looked silently into her master’s face for orders. The master said: “You need not be anxious about my going away, Ratan; I shall tell my successor to look after you.” These words were kindly meant, no doubt: but inscrutable are the ways of a woman’s heart! Ratan had borne many a scolding from her master without complaint, but these kind words she could not bear. She burst out weeping, and said: “No, no, you need not tell anybody anything at all about me; I don’t want to stay on here.” The postmaster was dumbfounded. He had never seen Ratan like this before. The new incumbent duly arrived, and the postmaster, having given over charge, prepared to depart. Just before starting he called Ratan and said: “Here is something for you; I hope it will keep you for some little time.” He brought out from his pocket the whole of his month’s salary, retaining only a trifle for his travelling expenses. Then Ratan fell at his feet and cried: “Oh, Dada, I pray you, don’t give me anything, don’t in any way trouble about me,” and then she ran away out of sight. The postmaster heaved a sigh, took up his carpet bag, put his umbrella over his shoulder, and, accompanied by a man carrying his many-colored tin trunk, he slowly made for the boat. When he got in and the boat was under way, and the rain-swollen river, like a stream of tears welling up from the earth, swirled and sobbed at her bows, then he felt a pain at heart; the grief stricken face of a village girl seemed to represent for him the great unspoken pervading grief of Mother Earth herself. At one time he had an impulse to go back, and bring away along with him that lonesome waif, forsaken of the world. But the wind had just filled the sails, the boat had got well into the middle of the turbulent current, and already the village was left behind, and its outlying burning-ground came in sight. So the traveler, borne on the breast of the swift-flowing river, consoled himself with philosophical reflections on the numberless meetings and partings going on in the world—on death, the great parting, from which none returns. But Ratan had no philosophy. She was wandering about the post office in a flood of tears. It may be that she had still a lurking hope in some corner of her heart that her Dada would return, and that is why she could not tear herself away. Alas for our foolish human nature! Its fond mistakes are persistent. The dictates of reason take a long time to assert their own sway. The surest proofs meanwhile are disbelieved. False hope is clung to with all one’s might and main, till a day comes when it has sucked the heart dry and it forcibly breaks through its bonds and departs. After that comes the misery of awakening, and then once again the longing to get back into the maze of the same mistakes.

  1. Discuss the theme of ‘expectations and fulfillment’ in the story ‘The Postmaster’.
  2. What does the postmaster’s reaction towards Ratan say about the difference between rural and urban in this story?
  3. Comment on the nature of relationships that the present generation is entering into.

Section – B

  1. Answer ALL the following questions in about four paragraphs each.   (4×15=60)

4. Based on Akaky’s experience in “The Overcoat”, what do you think it was like to be a low-ranking official in his time period? Do you think much has changed for low-ranking people now? Relate the concepts of corruption, futility, and madness to the short story “The Overcoat.”

5. We all know that honesty is the best policy. How important it is to be truthful?  Sometimes the truth hurts people’s feelings. In the short story “Like the Sun’, a school teacher is determined to be honest, even if it puts a strain on his relationships. Do you agree with his decision? Narrate your experience of being truthful.

6. Comment on the character of Ottakkannan Pokker, Zainaba and Mandan Muthapa in the short story The Card-Sharper’s Daughter.

7. How does casteism work in the story “The Classmate”? Compare ‘Telephone Conversation’ and ‘The Classmate’ to bring out the similarities or differences between caste system and racism.

Section – C

III. Interpret the Vachanas below.                                                                    (5+5=10marks)

  1. (a)

A wilderness grew

in the sky.

In that wilderness

a hunter.

In the hunter’s hands

A deer.

The hunter will not die

till the beast

is killed.

Awareness is not easy,

Is it,

O Lord of Caves?

-Allama Prabhu

 

 

 

  1. (b)

The rich
will make temples for Siva.
What shall I ,
a poor man,
do?

My legs are pillars,
the body the shrine,
the head a cupola
of gold.

Listen, O lord of  the meeting rivers,
things standing shall fall,
but the moving ever shall stay.

                                                -Basavanna

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St. Joseph’s College of Commerce 2016 II Sem Taxation – II Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(Int. Fin & A/c) – II Semester
C4 15AR203 : TAXATION – II
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Difference between fee and duty.
  2. R  a dealer  purchased goods from dealer S of Bangalore for Rs. 13,50,000 including VAT @14.5%(0.5% for Swatch Bharat). R earns a profit @25% on the cost and sold the same to a retailer T. Calculate the amount of VAT payable by R.
  3. Define the term manufacture as per Excise Act.
  4.  How do you find tariff value for jewellery and branded readymade garments?
  5.  Write a note  on countervailing duty.
  6. What is Service tax?
  7. Write two differences between   tax evasion and tax avoidance.
  8. Indian Citizen gone abroad for employment and comes back to India. Advise him which date to   come in the previous year and after holidays which date to go abroad after the annual holiday. Keep in mind he wants to stay maximum in India in the previous year.
  9.  Write a note on Anti dumping duty.
  10.  What is Demurrage?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                       (4×5=20)
  11.  Suppose M. Sugar factory supplies molasses to N. Energy factory who uses 70% of such molasses for manufacturing of excisable goods and 30% for the manufacture of non-excisable goods. The value of molasses and the rate are: Rs.1,80,000 and 8% (On the date of production); Rs. 2,00,000 and 10% (On the date of removal); Rs. 2,10,000 and 12% ( on the date of receipt in the factory of N.Energy Ltd.

a)      Calculate the duty payable. Who has to pay the duty? Why?

b)     If it is not sugar factory how do you calculate duty payable under Excise Duty.

  12.  Explain the test of marketability with respect to excise duty.
  13. Explain VAT credit and CENVAT credit with an example each.
  14. Write  a brief note on  Indian Customs Water.
  15.   R  Ltd. The manufacturer, has imported machinery from Germany worth $80,000. Determine the rate of exchange for the purpose of computation of Customs duty from the additional information:

 

 

 

  Date Exchange rate of notified CBEC Exchange rate as notified by RBI
Date of entry inward 15-6-2015 Rs.64 per US dollar Rs.65 per US dollar
Date of Bill of Entry 19-06-2015 Rs. 64.50 per US dollar Rs. 66 per US dollar
  16. Write a brief note on  Taxable event of Imports.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain import procedure
  18. How do you do tax planning under the following heads:

a)      Salary payable to employees

b)     Newly setup business in certain regions of India

c)      Mention services that do not fall under service tax.

 

  19. Explain in brief: VAT, Excise, Customs, CST  and tax planning.

 

  20. R is a manufacturer at Delhi and has purchased raw material A from X, a manufacturer at Delhi for Rs. 8,00,000 who charged Excise duty @12.5% and VAT at 4%.

He also purchased another raw material B from Y of Mumbai for Rs. 4,00,000 who charged excise duty @12.5% and CST @ 2%.

The manufacturing and other expenses incurred by R were Rs. 4,00,000 and profit included were Rs. 80,000.

The final product was sold to S, a trader in Delhi. Excise duty charged was 12.5% and VAT charged was 12.5%. S after incurring expenditure of Rs. 60,000 and adding profit @25% on cost  sold the goods to T.

Compute the excise duty payable by R and VAT payable by R and S. (Exclude educational cess.)

 

  21. Classic exporters Ltd. Runs a New industrial undertaking  set up in 2007-08 which satisfies the conditions of Section 80IB. Given below is the profit and loss account for the previous year.

Particulars Rs. Particulars Rs.
Stock

Purchases

Salaries And Wages

Entertainment Expenses

Freights And Insurance

Attributes To Exports

Travelling

Depreciation

Selling Expenses

Income Tax Paid

Income Tax Penalty

Customs Duty Payable Against Demand Notice

Provision For Unascertained Liabilities

Provision For Ascertained Liabilities

Proposed Dividend

Loss Of Subsidiary Company

Net Profit

 

4,00,000

23,00,000

9,70,000

 

1,30,000

 

 

3,00,000

2,20,000

1,50,000

1,20,000

90,000

20,000

 

 

30,000

 

 

20,000

 

50,000

3,00,000

 

50,000

32,40,000

 

Domestic sales

Export Sales

Export Incentives Sec. 28(Iiia/Iiic)

Profit Of Foreign Branch Brokerage/Commission/

Interest/Rent

Transfer From Contingency Reserve

Stock

24,00,000

43,00,000

 

50,000

2,50,000

 

50,000

 

10,00,000

3,50,000

  84,00,000   84,00,000

You are further informed:

i)                   Excise duty for 2013-2014, amounting Rs.1, 20,000 was paid on 15th December 2014.

ii)                 Depreciation under section 32 is 2,20,000

iii)              During the year 2010-2011, contingency reserve amounting Rs. 10,00,000, debited to profit and loss A/c, was added back to the extent of Rs.4,00,000 in the computation of book profits. The company has transferred the said reserve to the profit and loss during the year.

iv)               Brought forward business loss/depreciation:

Previous year Accounting purpose Tax purpose
2010-2011

2011-2012

(10,00,000)

(2,00,000

(1,00,000)

(3,00,000)

(5,00,000)

(1,00,000)

2,50,000

2,00,000

Compute the following: a) Total income   b) Book profit  c) Tax liability.

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. Answer the following

a)      Steps on clearance of goods in case of Import

b)     R imported  goods from Iran. The assessable value of the imported goods is Rs. 34,00,000. Compute the customs duty payable from the following additional information:

i)                   Date of entry inward 10.4.2015 (rate of basic duty 8%)

ii)                 Date of Bill of entry 14.4.2015(rate of basic Customs duty is 10%)

iii)              Countervailing duty @ 12%

iv)               Special duty @4% maximum rate applicable.

 

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St. Joseph’s College of Commerce 2016 II Sem Cost Accounting Ii Question Paper PDF Download

REG NO:
  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016

B.COM(Int. Fin & A/c)– II SEMESTER
C4 15 MC 201 : COST ACCOUNTING II
Duration: 3 Hours                                                                                    Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                (10×2=20)
  1. What is marginal costing?
  2. From the following particulars, find out the new selling price per unit if B.E.P. is to be brought down to 9,000 units:

Variable cost per unit Rs. 125; Fixed expenses Rs. 2,70,000 and Selling price per unit Rs. 150.

  3. Mention the different types of budgets prepared based on functionality.
  4. What are the stages or phases in Product Life Cycle Costing?
  5. The following information is given:

Standard fixed overhead rate (per hour) Rs. 5; Budgeted hours 12,500; Standard number of working days is 25; Actual hours 11,500; Actual number of working days is 22. Calculate Calendar Variance.

  6. Write a note on Target Costing.
  7. Explain the Theory of Constraints.
  8. Give the meaning of Sunk Cost with an example.
  9. Briefly discuss the aim of Environmental Management Accounting.
  10. What are the three E’s of performance analysis in the not-for-profit organizations? Give examples.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                               (4×5=20)
  11. Pear manufactures laptop computers and smart phones. The company has prepared the following forecast for the following financial period:

Particulars Laptops Smart Phones
Budget Sales 1,200 600
  $ $
Unit Selling Price 1,000 500
Unit Variable Cost 700 400
Unit Contribution 300 100

Budget fixed costs are $245,000 for the period.

Required:

(a) The break-even revenue, using total contribution to sales ratio.

(b) The sales revenue required to make a target profit of $ 245,000.

                                                                                                                 (2.5 + 2.5)

  12. XY Ltd. manufactures auto parts. The following costs are incurred for processing 1,00,000 units of a component:

Direct material cost Rs. 5 Lakhs
Direct labour cost Rs. 8 Lakhs
Variable factory overhead Rs. 6 Lakhs
Fixed factory overhead Rs. 5 Lakhs

The purchase price of the component is Rs. 22. The fixed overhead would continue to be incurred even when the component is bought from outside although there would be reduction to the extent of Rs. 2,00,000.

Required:

Should the part be made or bought, considering that the present facility when released following a buying decision would remain idle?

 

  13. From the following, calculate labour variances for Department A also verify the same.

Particulars Department A
Actual direct wages Rs. 2,000
Standard hours produced 8,000
Standard rate per hour 30 paisa
Actual hours worked 8,200
  14. Following are the estimated sales of a company for eight months ending 30.11.2015:

Months Estimated Sales (Units)
April 12,000
May 13,000
June 9,000
July 8,000
August 10,000
September 12,000
October 14,000
November 12,000

As a matter of policy, the company maintains the closing balance of finished goods and raw-materials as follows:

Stock Item Closing Balance of a month
Finished goods 50% of the estimated sales for the next month
Raw materials Estimated consumption for the next month

Opening Balance is 50% of current month’s sales. Every unit of production requires 2 Kgs. of raw material costing Rs. 5 per kg.

Prepare Production Budget (in units).

 

  15. “Relevant means pertinent to the decision at hand. Since business decisions involve planning for future and require consideration of several alternative choices, decisions are based on the relevant approach.”—In this regard briefly discuss the various relevant costs considered for decision-making.

 

  16. A factory produces two products A and B. Both products pass through three processes: Process 1, Process 2 and Process 3. Process 2 has been identified as the bottleneck. There are 10 hours of Process 2 time available per day. Information relating to the two products is as follows:

 

 

 

Particulars A ($) B ($)
Selling price per unit 100 80
Direct materials per unit 70 60
Direct labour per unit 5 10
Total contribution per unit 25 10
Maximum demand per day 8 14
Time on Process 2 per unit (hours) 1 0.5

The fixed costs per day of the factory are as follows:

Labour costs $ 120
Variable overheads $ 180
Fixed overheads $ 50
Total fixed costs per day $ 350

Determine the daily production plan that would maximize throughput contribution.

 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                       (3×15=45)                                                                                                
  17. X ltd. has a production capacity of 2,00,000 units per year. Normal capacity utilization is reckoned as 90%. Standard variable production costs are Rs. 100 per unit. The fixed costs are Rs. 3,60,000 per year. Variable selling costs are Rs. 3 per unit and fixed selling costs are Rs. 2,70,000 per year. The unit selling price is Rs. 20. In the year just ended on 31st March, 2016, the production was Rs. 1,60,000 units and sales were 1,50,000 units. The closing inventory on 31st March, 2016 was 20,000 units. The actual variable production costs for the year were Rs. 35,000 higher than the standard.

(i) Calculate the profit for the year by:

(a) The absorption costing method, and

(b) The marginal costing method.

 

(ii) Explain the difference in the profits.

(13+2)

 

  18. (a) The standard material cost to produce one tonne of Chemical X is :

300 Kgs. of Material A @ Rs. 10 per Kg.
400 Kgs. of Material B @ Rs. 5 per Kg.
500 Kgs. of Material C @ Rs. 6 per Kg.

During a period, 100 tonnes of Chemical X were produced from the usage of :

35 tonnes of Material A at a cost of Rs. 9000 per tonne.
42 tonnes of Material B at a cost of Rs. 6000 per tonne.
53 tonnes of Material C at a cost of Rs. 7000 per tonne.

Calculate Material Variances (MCV, MPV, MUV, MYV, MMV)

 

 

 

  19. Z Ltd. has prepared the budget for the production of 1,00,000 units from a costing period as under:

Particulars Per unit (Rs.)
Raw materials 10.08
Direct labour 3.00
Direct expenses 0.40
Works overhead (60% fixed) 10.00
Administration overhead (80% fixed) 1.60
Sales overhead (50% fixed) 0.80

Actual production in the period was only 60,000 units. Prepare budgets for the original and revised levels of output.

 

  20. The following information relates to XYZ Ltd.:

Month Wages Incurred Materials Purchased Overhead Sales
February 6,000 20,000 10,000 30,000
March 8,000 30,000 12,000 40,000
April 10,000 25,000 16,000 60,000
May 9,000 35,000 14,000 50,000
June 12,000 30,000 18,000 70,000
July 10,000 25,000 16,000 60,000
August 9,000 25,000 14,000 50,000
September 9,000 30,000 14,000 50,000

You are required to prepare a cash budget for the three months of June, July and August after taking note of the following information:

a) It is expected that cash balance on 31st May will be Rs. 22,000.

b) The wages may be assumed to be paid within the month they are incurred.

c) It is the company’s policy to pay creditors for materials three months after receipt.

d) Debtors are expected to pay two months after delivery.

e) Included in the overhead figure is Rs. 2,000 per month which represents depreciation on two cars and one delivery van.

f) There is one month delay in paying the overhead expenses.

g) 10% of the monthly sales are for cash and 90% are sold on credit.

h) A commission of 5% is paid to agents on all the sales on credit but, this is not paid until the month following the sales to which it relates; this expense is not included in the overhead figure shown.

i) It is intended to repay a loan of Rs. 25,000 on 30th June.

j) Delivery is expected in July of a new machine costing Rs. 45,000 of which Rs. 15,000 will be paid on delivery and Rs. 15,000 in each of the following months.

k) Assume that overdraft facilities are available, if required.

 

 

 

 

 

  21. The following are product Intex Saft’s data for next year budget:

Activity Cost Driver Cost Driver Volume /Year Cost Pool (in Rs.)
Purchasing Purchase Orders 1,500 75,000
Setting Batches Produced 2,800 1,12,000
Materials Handling Materials Movements 8,000 96,000
Inspection Batches Produced 2,800 70,000
Machining Costs Machine Hours 50,000 1,50,000

 

Purchase Orders 25
Output 15,000 units
Production Batch Size 100 units
Materials Movements per batch 6
Machine Hours per unit 0.1

Required:

a) Calculate the Budgeted Overhead Costs using Activity Based Costing principles.

b) Calculate the Budgeted Overhead Costs using Absorption Costing (Absorb Overhead using Machine Hours).

(8+7)

SECTION – D
IV) Case Study – Compulsory question.                                                              (1×15=15)                                                                                          
  22. An Agro-products producer company is planning its production for next year. The following information is relating to the current year:

Products/Crops A1 A2 B1 B2
Area occupied (acres) 250 200 300 250
Yield per acre (ton) 50 40 45 60
Selling Price per ton (Rs.) 200 250 300 270
Variable Cost per acre (Rs.):        
–          Seeds 300 250 450 400
–          Pesticides 150 200 300 250
–          Fertilizers 125 75 100 125
–          Cultivations 125 75 100 125
–          Direct Wages 4,000 4,500 5,000 5,700

Fixed Overhead per annum (Rs.) 53,76,000.

The land that is being used for the products of B1 and B2 can be used for either crop, but not for A1 and A2. The land that is being used for A1 and A2 can be used for either crop, but not for B1 and B2. In order to provide adequate market service, the Company must process each year at least 2,000 tons each of A1 and A2 and 1,800 tons each of B1 and B2.

You are required to:

a) Prepare a Statement of the profit for the current year.

b) Profit for the production mix by fulfilling market commitment.

c) Assuming that the land could be cultivated to produce any of the four products and there was no market commitment, calculate profit amount of most profitable crop and break-even point of most profitable crop in terms of acres and sales value.                                                                      (5+5+5)

 

 

 

St. Joseph’s College of Commerce 2016 II Sem Business Law Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM( Int. Fin & A/c) – II SEMESTER
C4 15MC202 : BUSINESS LAW
Duration: 3 Hours                                                                                              Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Aslam invites Basheer to dinner. Basheer accepts the invitation but does not turn up at the dinner. Can Aslam sue Basheer for the loss he has suffered?
  2. What is One Person Company?
  3. What do you understand by agency by estoppel?
  4. Who is a Plaintiff?
  5. What does “Ignorantia Juris non  excusat”mean?
  6. Polly bought milk from Donald. The milk contained typhoid germs. Polly’s wife Holly took the milk and got infected, as a result of which she died. Is Polly entitled to any damages?
  7. What is meant by Cyber Terrorism?
  8. What is meant by Geographical Indication?
  9. Draw a hierarchy of civil court.
  10. A customer’s cheque was dishonoured by a bank inspite of the sufficient balance in the account. Is the bank liable under the Consumer Protection Act?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Alfy Private limited was involved in unauthorized selling of a patented invention within India. What remedies the original patentee can get under Infringement of Patents.
  12. Explain the various sources of Law.
  13. Write a short note on Limited Liability Partnership.
  14. What are the exceptional situations in which a contract is valid without consideration?
  15. Explain the doctrine “Caveat Emptor” and state the exceptions to it.
  16. What is the role of Consumer Protection Council in safeguarding the interest of consumers?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Highlight the provisions related to labour and agency law in India.
  18. State the various ways in which a contract may be said to be discharged.
  19.  Explain in detail the classification of Companies. Also briefly mention the important documents required by a company.
  20. Explain the various cyber crimes committed and the provisions related to offences and penalties.
  21. Briefly explain the implied conditions and warranties in a contract of sale.
 

SECTION – D

IV) Case Study                                                                                                              (1×15=15)                                                                                          
  22. Mr. Jha had purchased a Flat from a private builder in Noida, Uttar Pradesh at the cost of Rs. 49 lacs. Builder has promised him that all the basic and modern amenities such as CCTV Camera, Club facility, Green building, good quality of water with 3 tier security will be provided in this project. Builder gave the possession of the flat around 2 years back but did not provide basic and common facility which also includes 3 tier security having CCTV camera coverage for each floor. Consumer has taken the possession from builder on time. Mr. Jha kept complaining to the builder after possession of the flat for non installation of CCTV camera and other common and basic amenities as promised at the time of agreement, but builder keep assuring him that he will do the needful and he need not to worry. On 20th Sept 2014, consumer left his home with his flat duly locked. But on his return, he found that his flat has been burgled and theft of Rs. 85000 and Jewelry worth Rs. 1 Lac had taken place. The consumer complained that had CCTV cameras been installed, it would have been a deterrent and the theft would not have been taken place. Also CCTV would have ensured that no unwanted person would have entered the building.

 

Answer the following questions                                           (7.5 marks each)

 

a. On what grounds can Mr. Jha go to a consumer court? Also explain the rights of a consumer.

b. Which consumer disputes redressal agencies can he go, to claim damages against the private builder?

 

 

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St. Joseph’s College of Commerce 2016 II Sem Business Economics Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(Int. Fin & A/c) – II  SEMESTER
C4  15AR204 : BUSINESS ECONOMICS
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the two principles economics has developed to solve business problems.
  2. Elucidate on any two limitations to consumer sovereignty.
  3. Mention four exceptions to the law of demand.
  4. What is an indifference schedule? Give an example.
  5. State the objectives of demand forecasting.
  6. What is the law of supply? Explain with a supply curve.
  7. Explain any two fiscal policy tools.
  8. What is a monopolistic market competition.
  9. Diagrammatically explain the trade cycle.
  10. Differentiate between traditional and managerial economics.
 

SECTION – B

II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Diagrammatically explain the properties of indifference curves.
  12. Elucidate on the phases of business cycles
  13. Given the following total cost and total revenue functions, determine the break-even point:

TC = 480 +10Q

TR= 50Q

  14. Explain producer’s equilibrium with the help of iso-quants.
  15. From the following annual sales of toys during the period of 1990 – 2000, find out the trend of sales using 4 yearly moving average.

Year Sales in lakhs.
1990 12
1991 15
1992 14
1993 16
1994 18
1995 17
1996 19
1997 20
1998 22
1999 25
2000 24
  16. With a help of a diagram and an example, explain consumer surplus.
 

SECTION – C

III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. “Businesses seek to increase demand for their goods and services so they can raise prices and thus boost profits. Even individuals service providers try to raise demand for their services. Demand drives economic growth. But what drives demand?” Explain the factors that determine the demand.
  18. What is Perfect Competition? Diagrammatically explain the short run and long run equilibrium under this market situation
  19. “In order to control inflation the RBI takes certain measures.”  Elucidate on the quantitative and qualitative measures taken by the RBI to reduce inflation in the economy.
  20. What are the different methods of demand forecasting?
  21. a) Yesterday, the price of envelopes was $3 a box, and Julie was willing to buy 10 boxes. Today, the price has gone up to $3.75 a box, and Julie is now willing to buy 8 boxes. Is Julie’s demand for envelopes elastic or inelastic? What is Julie’s elasticity of demand?

 

b) Measure the price elasticity of demand by Total Outlay method.

Price of the commodity ( in Rs.) Quantity demanded (in kgs)
10 5
8 8
6 12
4 18
2 32
1 50
                                                                                                                                  (5+10)

SECTION – D

IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. ECONOMIC IMPACT OF A SINGLE PROJECT

 

The ‘Coconut Lagoon’ was one of the earliest projects to be implemented in Kumarakom in the Kottayam district, undertaken by one of the oldest promoter groups in Kerala, the local Casino Group. At the time of implementation, the surrounding community was largely rural, dependant on their farms and on fishing for livelihood. The community was poor and many local farmers were on the verge of selling their farms and moving out. The project was implemented at a cost of around Rs.3.50 crore, almost entirely utilizing local resources, including materials and labour from the local community, which implied that the major component of the project cost flowed into the village as income, creating trade and employment opportunities for the people. After implementation, the 50-room Coconut Lagoon Resort directly employed around 90 people, all from the local community. The indirect benefit of the project extended much further, touching the lives of many in the local village. The Coconut Lagoon was essentially an ecotourism/rural tourism project based on active experience of nature and culture by the tourist. Community participation was an essential aspect of this experience. The tourists who stayed in the Coconut Lagoon resort were taken to visit the local spice farms. Tourists would pay the farmer around Rs.50 a day for a day’s experience and would also buy products from the farm. The farmer, who would receive at least around 20 tourists a day, would earn around Rs 1,000 which he would invest in his farm, thus upgrading productivity.

The real impact of the project can be gauged by the fact that one of the farmers gradually improved his livelihood to such an extent that he built two small cottages and today rents them to tourists as guesthouses. His ‘home-stay’ resort is called ‘Philipkutty’s Farm’. In addition to local farmers, the fishermen also benefited because their boats and services were used for cruises and boat-rides on the backwater lagoons. Employment was created for local guides and taxi operators too. Today, 10 years since the implementation of the Coconut Lagoon project, Kumarakom is one of the hottest destinations, with around two heritage hotels and three-star hotels, a combined room capacity of more than 200, in addition to four ‘home-stays’, the bed and breakfast homes of the local farmers. The whole of Kumarakom is involved either directly or indirectly in the tourism activity of the region. The economic impact is reflected in the real estate value escalation. This has shown a 50-times escalation in value over a 12-year period. In 1992, the cost of 10 acres of land was Rs. 10 lakh that increased to Rs.50 Lakh per acre in 2004.

 

Questions:

  1. Explain the economic impact the project has on the rural economy.

 

b. State what products and services were in demand as a result of the implementation of the project.  Also state the elasticity of demand for the mentioned products and services.

(5+10)

 

 

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St. Joseph’s College of Commerce 2016 II Sem Finance And Accounting For Bps Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(BPM)– II SEMESTER
 C3 15 mc201 : FINANCE AND ACCOUNTING FOR BPS
Duration: 3 Hours                                                                    Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What is Vendor Support?
  2. What is meant by Six Sigma?
  3. What is meant by Credit Management?
  4. What is CoA?
  5. What is meant by Invoice Processing?
  6. Define SCM.
  7. What is IFRS?
  8. Why and by who was SOX act, 2002 passed?
  9. What is a lock box?
  10. What is meant by netting settlement?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What is meant by Lean? State the 5 steps in Generic Approach to Lean out any process.
  12. Expand the following:

1. BCP                                  6. EDI

2. XBRL                               7. T & E

3. OCR                                 8. MRP

4. SAP                                  9. R2R

5. EFT                                  10. O2C

 

  13. The following transaction took place in Asha Ltd., in respect of purchase and issue of material X.

2nd Jan  –  Purchased 4,000 units at Rs. 4 per unit

20th Jan –  Purchased 500 units at Rs. 5 per unit

5th Feb  –  Issued 2,000 units

10th Feb – Purchased 6,000 units at Rs. 6 per unit

12th Feb – Issued 4,000 units

2nd Mar – Issued 1,000 units

5th Mar – Issued 2,000 units

15th Mar – Purchased 4,500 units at Rs. 5.50 per unit

20th Mar – Issued 3,000 units

Prepare stored ledger account under LIFO method.

 

  14. What is meant by Information Security? What are the different IS measures in BPS.
  15. Define OCR? Bring out the advantages and disadvantages of OCR.
  16. Briefly explain the transaction flows in a BPS.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                      (3×15=45)                                                                                                 
  17. Explain in detail the provisions of SOX act, 2002.
  18. Explain the processes of P2P in BPS industry with example.
  19. Bring out the Accounting Cycle in BPS and explain the same.
  20. What is meant by Collection in BPS? Explain the various methods of Collections in BPS
  21. As an employee of a Software Company, you are asked to explain ERP tool to a company who wants to adapt this ERP tool in the company.
 

 

SECTION – D

IV) Case Study – Compulsory question.                          (1×15=15)                                                                                          
  22. a. Mr. A was appointed as the CFO of TAT outsourcing company.  His 1st assignment at work was to present the role of quality.  Mr. A seeks your help, as you are trained in this field of BPS, in clearly defining the role of quality for his company.  Give your guidance in the same and explain in detail the role of quality.                            (10 marks)

 

b. Pass journal entries for the following:

1. Payment made to Mr. A, Rs. 1,000.  He allowed a cash discount of Rs. 50

2. Cash received from Mr. X, Rs. 800 and allowed him a discount of Rs. 50

3. Mr. R supplied goods costing Rs. 1,000 to Mr. S at a invoice price of 10% above cost at a trade discount of 5%.

4. Mr. D purchased goods of the invoice value of Rs. 10,000 at 10% trade discount from Mr. S.

5. Income tax liability of Mr. A, Rs.1,000 paid in cash.                     ( 5 marks)

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St. Joseph’s College of Commerce 2016 II Sem Cost Accounting Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016

B.Com (BPM) –II Semester

C3 15MC202: COST ACCOUNTING

Duration: 3 Hours                                                                                         Max. Marks: 100

 

SECTION – A

 

  1. Answer the following questions. Each carries 2 marks.                           (10×2=20)

 

  1. Differentiate ‘Apportionment of overheads ‘with ‘Absorption of overheads’.
  2. Mention the reasons for difference between ‘Cost Accounting and ‘Financial Accounting’ profits.
  3. How do you differentiate ‘Cost’ from an ‘Expense’?
  4. Explain ‘Overhead recovery rates’.
  5. What do you understand by Fixed cost, Variable cost and Semi-Variable Costs?
  6. Give the meaning of ‘Carrying Costs’ and ‘Ordering Costs’?
  7. What do you understand by ‘Differential Piece Rate system’ of remuneration?
  8. Suggest suitable costing methods for following industries

(a) Transport company (b) Cotton  textiles (c) Hospital (d) Pharmaceuticals

  1. Explain the meaning of ‘Imputed Costs’.
  2. What is a ‘Goods Received Note’ and ‘Material Requisition Slip’?

 

SECTION –  B

 

  1. Answer any FOUR questions. Each carries 5 marks.                          (4×5=20)

 

  1. On the basis of the following information calculate the earnings of two workers Shiva and Rama  under the straight piece rate system and Taylor’s Differential piece Rate system.

Standard Production: 10 units per hour

Normal time rate      :   Rs.50 per hour

Differential Piece rate to be applied

80% of piece rate for below standard performance

120% of piece rate for performance at or above the standard

Actual performance

Shiva  produced 75 units in a day of 10 hours

Rama  produced 115 units in a day of 10 hours

 

  1. From the following particulars, prepare a statement of cost of manufacture for the year 2014 and show what percentage each individual item of cost bears to the total cost. Calculate factory on cost at 20% on prime cost and office on cost at 80% on factory cost.
  Rs.
Opening stock of raw material 1,44,000
Purchase of raw materials 8,64,000
Stock of raw materials at end 2,16,000
Wages 3,60,000

 

  1. Prime enterprises have separate cost and financial records. The profit as per financial records arrived at Rs.1,60,000. The following information is available:
  2. The firm received Rs.40,000 as dividend and paid Rs.30,000 as Bank interest during the year.
  3. A plant with a book value of Rs.80,000 was sold for Rs.40,000
  • Cash discount allowed Rs.70,000
  1. The firm made a notional rent charge of Rs.24,000 in cost Accounts in respect of its own premises.
  2. The actual factory overheads incurred amounted to Rs.5,60,000 but only Rs.5,00,000 were recovered in cost accounts on the basis of percentage of direct wages.
  3. Stock values

 

  Financial a/c ‘s Cost a/c’s
Opening stock of raw materials 44,000 48,000
Opening stock of finished goods 86,000 82,000
Closing stock of raw materials 70,000 80,000
Closing stock of finished goods 80,000 88,000

 

Prepare the statement of reconciliation and ascertain the cost accounting profit.

 

  1. Prepare stores ledger a/c showing the receipts and issues, pricing materials issued on the basis of: Simple average method

Receipts

 

1-1-2014          opening stock 800 units at              Rs.7.00 per unit

3-1-2014          purchased 1200 units at                  Rs.8.00 per unit

13-1-2014        purchased 3600 units at                  Rs.8.60 per unit

23-1-2014        purchased 2400 units at                  Rs.7.60 per unit

 

 

Issues

5-1-2014          issued                        1600 units

15-1-2014        issued                        2400 units

  • issued 2400 units

 

 

  1. A manufacturing concern has 2 production departments A and B and three service departments – time keeping, stores and maintenance. The departmental summary showed the following expenses for December
  Rs. Rs.
Production Departments

A

B

 

32,000

20,000

 

 

52,000

Service Departments    
Time Keeping 8,000  
Stores 10,000  
Maintenance 6,000 24,000
    76,000

Other Information

  A B Time keeping Stores Maintenance
No of employees 20 15 10 16 5
Stores requisition 24 20     6
Machine hours 2400 1600      

Prepare secondary distribution summary using STEP LADDER METHOD

 

 

  1. What are the essentials of a good wage system?

 

SECTION – C

  • Answer any THREE questions. Each carries 15 marks.                                     (3×15=45)

 

  1. From details furnished below you are required to compute the machine hour rate ( work is done in the factory by means of 5 similar machines)
  Rs.
Rent and rates ( proportional to the floor space occupied) for the shop 4,800
Depreciation on each machine 500
Repairs and maintenance for the five machines 1,000
Power consumed @ 5p. per unit for the shop 3,000
Electric charges for lighting in the shop 540
There are 2 attendants for the five machines and  they are paid Rs. 60 per month  
For 5 machines in the shop there is one supervisor whose emoluments are Rs.250 pm  
Sundry supplies such as lubricants for the shop 450
Hire purchase installment payable for the machine

(including Rs.300 as interest)

 

1,200

The machine uses 10 units of power per hour

 

  1. International Motors manufacture crankshafts for Jeeps and Trucks. They have furnished the following particulars for the quarter ended 31st March 2007.

Materials Rs.2,98,000; Direct wages Rs.42,000; Stores Expenses Rs.20,000; Machinery Maintenance Rs.4,600; Depreciation Rs.22,300; Staff Welfare Rs.12,000; General expenses Rs.30,000; Administration and Selling expenses Rs.27,000

Additional information provided by them

  Jeep Truck
Production (nos) 300 400
Material Cost ratio per vehicle 1 2
Direct Labour hour ratio 2 3
Machine hour ratio 1 2

Calculate the cost per crankshaft of each vehicle indicating the basis of apportionment adopted.

 

  1. The following are the details of a company, prepare the cost sheet for the year ended

31-12-2010

                         Particulars    Amount (Rs)
Direct materials    3,40,000
Direct wages    2,00,000
Works overheads    1,20,000
Profit    2,10,000
Administrative overheads    1,34,400
Selling overheads       89,600
Distributions overheads       56,000

 

 

A work order had been executed for  2011 and the following expenses have been incurred.

 

Direct Materials                    Rs.4000

Direct Wages                                    Rs.2000

 

Assuming that the rate of factory overheads has gone up by 20%, distribution overheads has gone down by 10% and selling and administrative overheads has gone up by 12.5%, at what price should the product be sold so as to earn the same rate of profit on the selling price.

 

 

  1. In a factory there are two service departments S1 and S2 and three production departments P1, P2 & P3. In July 2014, the departmental expenses were
Departments P1 P2 P3 S1 S2
Rs. 13,00,000 12,00,000 10,00,000 2,40,000 2,00,000

 

The Service departments expenses were allotted on percentage basis as follows :

Service Departments P1 P2 P3 S1 S2
S1 30 40 15 15
S2 40 30 25 5

Prepare a statement showing the distribution of the two service departments expenses to the three departments by (a) Simultaneous Equation method

(b) Repeated distribution Method.

 

 

  1. The standard time to complete a product is 12 hours at Rs.2.50 per hour.

Time wages are allowed to workers taking more than the time allowed. But workers who complete the job in standard time or less receive the piece work rate plus 10% bonus. Calculate the wages earned by A, B, C and D who complete the job in 15, 12, 10 and 8 hours respectively. What will be effective hourly rate?

If the overhead rate chargeable production is Re.0.50 per hour, what will be the cost of conversion ( labor and overheads) per piece produced by each worker.

 

SECTION – D

 

  1. Compulsory question                                    (15 marks)

 

  1. The cost structure of an article, the selling price of which is Rs.500, is as follows

Direct Material       :       50% of total cost

Direct Labour         :       30% of total cost

Overheads               :       Balance amount

Due to anticipated increase in existing material price by 20% and in the existing labour by 10% the existing profit would come down by 30%, if the selling price remains unchanged.

 

Prepare a comparative statement showing the cost, profit and sale price under the present conditions and with the increase expected for future assuming the same percentage of profit on cost as at present had to be earned. (Calculations to be made to the nearest rupee).

 

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St. Joseph’s College of Commerce 2016 II Sem Business Statistics And Research Techniques Question Paper PDF Download

REG NO:

 

 

ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(BPM) – II SEMESTER
C3 15Ar204: BUSINESS STATISTICS AND RESEARCH TECHNIQUES
Duration: 3 Hours                                                                Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Define statistics.
  2. If mean = 3.95 and Z = 4.01 then Md=??
  3. Calculate the mean and median for the following data

70, 65, 55, 75, 80, 85, 65, 70, 95

  4. How do you find the combined Arithmetic Mean of two series of data?
  5. Find the range of weight of 10 students from the following

65, 19, 86, 15, 17, 18, 8, 4, 9, 7.

  6. What is Time series?  Mention the different methods of Time Series.
  7. What is Null & Alternative hypothesis?

 

  8. Give the meaning of Research.
  9. Distinguish between regression and correlation.
  10. A problem in statistics is given to five students A, B, C, D and E. Their chances of solving it are 1/2; 1/3; 1/4; 1/5 and 1/6. What is the probability that the problem will be solved?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Define tabulation. What are the different parts of it?
  12. Briefly discuss the characteristics of statistics.
  13. A box contains 7 white and 2 black marbles , find the probability of drawing

a)      A white marble b) A black marble c) white or a black marble.

  14. Co-efficient of variations of two series are 80% and 100 % respectively. Their variances are 64 and 36 respectively. What are their arithmetic mean?
  15. From the following data, calculate Rank correlation co-efficient :

X  80  30  60  40  20  66  96  70

Y  30  24  28  68  55  43  38  40

  16. Draw a frequency polygon for the following data.

Weight (in kg)         Number of Students

30-35                                 4

35-40                                 7

40-45                               10

45-50                               18

50-55                               14

55-60                                 8

60-65                                 3

 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. a) From the following frequency distribution table calculate mean, median & mode.

Class Interval Frequency
0-20 17
20-40 28
40-60 32
60-80 24
80-100 19
        Total 120

b)     The following table gives data regarding leading sources of technology transfer (in percentage):

Countries Percentage
UK 4
Denmark 10
Canada 5
US 14
Spain 6
Japan 10
Germany 17
Other Developed Countries 19
Developing Countries        15

Represent the data by a suitable Pie Diagram.                                         (10+5); 

  18. You are given below the daily wages paid to the workers in two factories X and Y:

 

Daily Wages (Rs.)

Number of Workers
Factory X Factory Y
120-130 15 25
130-140 30 40
140-150 44 60
150-160 60 35
160-170 30 12
170-180 14 15
180-190 7 5

Calculate Mean, Standard Deviation and Coefficient of Variation  answer the following:

(i) Which factory pays higher average wage?

 

(ii) Which factory has more consistent wage structure?

 

  19. A movie producer is bringing out a new movie. In order to map out his advertising campaign, he wants to determine whether the movie will appeal most to particular age group or whether it will appeal equally to all age groups. The producer takes a random sample from persons attending preview of the new movie and obtains the following results:

 

 

Particulars

Age Groups  

Total

Under 20 20-39 40-39 60 & over
Liked the Movie 146 78 48 28 300
Disliked the Movie 54 22 42 22 140
Indifferent 20 10 10 20 60
Total 220 110 100 70 500

Apply chi-square test at 5% level of significance. What inference will you draw from the above data taking the hypothesis that movie appeals equally to all age groups?                                                                

  20. Below are given the figures of production (in thousand

quintals) of a sugar factory:

Year :                 2009    2010    2011    2012    2013    2014    2015

Production :        80        90        92       83         94        99       92

(a) Fit a straight line trend to these figures.

(b) Plot these figures on a graph and show the trend line.

(c) Estimate the production in 2016.

  21. a) A husband and wife appear in an interview for two vacancies in the same post. The probability of husband’s selection is 1/7 and that of wife’s selection is 1/5. What is the probability that:

(i) Both of them will be selected.

(ii)Only one of them will be selected, and

(iii) None of them will be selected.

b)   You are given below the following information about advertising and sales:

Particulars Advertisement Expenditure (in crore) Sales (Rs. crore)
Mean 20 100
S.D. 5 12
Correlation coefficient 0.8

(a) Calculate the two regression lines.

(b) Find the likely sales when advertisement expenditure is Rs. 25                                                                                                          (5+10)

 

SECTION – D

IV) Case Study – Compulsory question.                                                                (1×15=15)    

                                                                                     

  22. a) Calculate Karl Pearson’s coefficient of correlation between expenditure on

advertising (X) and sales (Y) from the data given below:

X:  39  65  62  90  82  75  25  98  36  78

Y:  47  53  58  86  62   68  60 91  51  84

 

b) Compute 1st quartile, 3rd quartile and the co-efficient of quartile deviation from the following data.

Class             0-100        100-200       200-300      300-400      400-500

Frequency      14               25                  38               26                17

(8+7)

 

     

&&&&&&&&&&&&&&&&&&&&&&&

 

 

 

 

 

 

 

 

St. Joseph’s College of Commerce B.Com. 2016 II Sem Business And Company Law Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(BPM)  – II SEMESTER
C3 15AR203:: BUSINESS AND COMPANY LAW
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the term ‘Ratio Decidendi’.
  2. What is Consensus ad idem?
  3. Who is the Chief Justice of India?
  4. What are the different types of Courts in India?
  5. What is Novation?
  6. Explain ‘Doctrine of Frustration’.
  7. What is a Share Capital?
  8. Define ‘Consumer’ under COPRA.
  9. What do you mean by ‘Repatriate to India’?
  10. Mention two objectives of FEMA.
 

SECTION – B

II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What are the agreements, which are opposed to Public Policy?
  12. Explain in brief, the Classification of Agency.
  13. Mention some of the Characteristics of a Company.
  14. What are the differences between MOA and AOA?
  15. What is the procedure involved in appointing an Auditor?
  16. Write a short note on Consumer Protection Council.
 

SECTION – C

III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. What are different classification/ Types of a contracts according to the Indian Contract Act?
  18. What is ‘Free Consent’? Explain all the sections which come under the Free Consent.
  19. What are different ways of Terminating an Agency?
  20. Explain in detail the different Types of Meetings
  21. What is Cyber Law? What are the elements which are included in the Cyber Laws? What is the need of Cyber Laws in today’s context?
 

 

 

 

SECTION – D

IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. a. Sagar went to Rajeeev, a chemist, and demanded a hot water bottle from him. Rajeev gave a bottle to him telling that it was meant for hot water, but not boiling water. After a few days, while using this bottle, Sagar’s wife got injured as the bottle burst out. It was found that the bottle was not fit to be used as hot water bottle. Advise Sagar.

 

b. Darran offers and Amala accepts Rs. 5000/- for a stack of firewood standing on Amala’s premises, the firewood to be allowed to remain at Amala’s place till a certain date and not to be taken away till paid for. Before payment, and while the firewood is at Amala’s premises, it is accidentally destroyed by fire. Who must bear the loss?

 

c. Anil sold to Bhuvan some quantity of spirit made from molasses. One-third of the quantity sold was delivered and for rest of the quantity Bhuvan was pressing Anil for immediate delivery. But Anil delayed it. In the meantime, an act of the Parliament was passed which prohibited the distillation of spirit from molasses and annulled all the contracts for the sale of such spirit. How will you solve this case?

 

d. Ranjan having a quantity of Sugar in bulk, more than sufficient to fill 20 hogsheads, contracts to sell to Gagan 20 hogsheads of it. After the contract, Ranjan fills 20 hogsheads with the sugar, and gives notice to Gagan that hogsheads are ready and requires him to take them away. Gagan says he will take them as soon as he can. By this appropriation, has the property in the sugar passes to Gagan?

 

e. Arun, a minor hired a horse from Bhargav for riding under express instructions ‘not to jump’. He lent the horse to Arun, who killed the horse by making it to jump. Is Arun liable to pay Bhargav?

 

 

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B.COM(BPM)  – II SEMESTER
subject CODE & subject name: Business and compay law
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the term ‘Ratio Decidendi’.

Ratio decidendi (Latin plural rationes decidendi) is a Latin phrase meaning “the reason” or “the rationale for the decision”. The ratio decidendi is “the point in a case that determines the judgment” or “the principle that the case establishes”.

  2. What is Consensus ad idem?

Consensus ad idem: which implies, that the parties to the agreement must have agreed about the subject-matter of the agreement in the same sense and at the same time.  Unless there is consensus ad idem, there can be no contract. It is also called as ‘meeting of the  minds.’ when two parties to an agreement (contract) both have the same understanding of the terms  of  the agreement.

  3. Who is the chief justice of India?

T.S.Thakur

  4. What are the different types of courts in India?

District Court, High Court, Supreme Court.

  5. What is Novation?

When the new contract is substituted for existing one between the same parties. Or between one of the parties and the third party.

Novation should take place before the expiry period of the time of performance of the contract.

  6. Explain ‘Doctrine of Frustration’.

It comes into play when the common object of a contract can no longer be achieved or when the contract, after it is made, becomes impossible of performance due to circumstances beyond the control or contemplation of the parties.

  7. What is a Share Capital?

ü  Denotes the amount of capital raised by the issue of shares, by the company.

ü  Collected through the issue of shares and remains with the company till its liquidation

ü  It is the owned capital of the company

ü  The shareholders are the owners of the company

 

  8. Define ‘Consumer’ under COPRA

Consumer means, any person who,

Buys any goods for a consideration, which has been paid or promised or partly paid or partly promised, or under any differed payment.

Consumer also includes any user of such goods other than the buyer himself.

  9. What do you mean by ‘Repatriate to India’?

Means, bringing into India the realized foreign exchange and the selling of such foreign exchange to an authorized person in India in exchange for rupees.

  10. Mention two objective of FEMA

To facilitate external trade and payment

To promote of an ordinary maintenance of the foreign exchange market in India.

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What are the agreements, which are opposed to Public Policy?

  1. Agreements of trading with enemy
  2. Agreement to commit a crime
  3. Agreement to interfere with administration of justice
    1. Interference with the course of Justice
    2. Stifling prosecution
    3. Maintenance and Champerty
  4. Agreements in restraint of legal proceedings
    1. Agreements restricting enforcement of rights
    2. Agreements curtailing period of limitation

5. Trafficking in public offices and titles

6. Agreements tending to create interest opposed to duty

7. Agreement restraint of parental rights

8. Agreements restricting personal liberty

9. Agreements in restraint of marriage

10. Marriage brokerage or brokage agreements

11. Agreements interfering with marital duties

12. Agreements to defraud creditors or revenue authorities

13. Agreements in restraint of trade

 

  12. Explain in brief, the classification of Agency.

Ø  Classification based on the extent of their authority

•      General Agent

•      Special Agent

•      Universal Agent

Ø  Classification based on the nature of work performed by agents

•      Mercantile Agent

•      Factor

•      Broker

•      Commission agent

•      Del credere agent

•      Banker

•      Auctioneer

•      Non-Mercantile Agent

 

  13. Mention some of the Characteristics of a Company.

  1. An incorporated association
  2. An artificial person Created by Law
  3. Separate legal entity
  4. Perpetual succession
  5. Common seal
  6. Limited liability
  7. Transferability of shares
  8. Limitations of work
  9. Voluntary association for profit
  10. Representative management
  11. Termination of existence.

 

  14. What is the differences between MOA and AOA?

MOA:

•      It is a primary document

•      It is subordinate to the act

•      It is the charter of the company and defines the fundamental conditions and objects.

•      It defines the relation between the company and the outsiders

•      Acts which are ultra vires the Memorandum cannot be ratified by the members

•      Every company must have its own memorandum.

AOA:

•      It is a secondary document

•      It is subordinate to the act and the memorandum

•      It consists the rules and regulations

•      It defines the relation between the company and the members (internal)

•      Acts ultra-virus the Articles can be ratified by the members.

  15. What is the procedure involved in appointing an Auditor?

Appointment of Auditors (Clause 139)

Ø  First auditor to be appointed by Board within 30 days & if not done, then within 90 days in EGM, and with hold office till the conclusion of first AGM

Ø  Subsequent auditors to be appointed at conclusion of first AGM & shall hold office till conclusion of 6th AGM

Ø  Maximum Tenure- Not more than 1 Term of 5 years for individual & not more than 2 Terms of 5 years each for Audit firm. However appointment has to be ratified by members at every AGM

Ø  Prior written consent of auditors is required to be taken.

Ø  Company to file notice of auditors appointment with ROC within 15 days of the meeting.

 

  16. Write a short note on Consumer Protection Council

District CPC

State CPC

National CPC

 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. What are different classification/ Types of a contracts according to the Indian Contract Act?

1. Validity

–     Voidable Contract

–     Void Agreement

–     Void Contract

–     Illegal Agreement

–     Unenforceable Contracts

2. Formation

–     Express Contracts

–     Implied Contracts

–     Quasi Contracts

–     E-commerce Contracts

3. Execution/Performance

–     Executed Contracts

–     Executory Contracts

–     Partly Executed partly Executory

4. Obligation

–     Unilateral

–     Bilateral

 

  18. What is ‘Free Consent’? Explain all the sections which come under the Free Consent.

•      Sec. 13th Consent

•      Sec. 14th Free Consent

•      Sec. 15th Coercion

•      Sec. 16th Undue Influence

•      Sec. 17th Fraud

•      Sec. 18th Misrepresentation

•      Sec. 19th Mistake, subject to the provisions of Sec. 20th , 21st, 22nd.

 

  19. What are different ways of Terminating an Agency?

  1. Termination by the act of the parties:
    1. Mutual agreement
    2. Revocation by principal
    3. Renunciation by agent
  2. Termination by operation of law:
    1. Completion of business
    2. Lapse of time
    3. Death or insanity
    4. Insolvency of the principal
    5. Destruction of the subject matter
    6. Principal or agent becomes alien enemy
    7. Dissolution of a company
    8. Change of law

 

  20. Explain in detail the different Types of Meetings.

Statutory Meeting:

Ø  Every company limited by shares or limited by guarantee and having a share capital share within a period of not less than one month and not more than six months from the date at which the company is entitled to commence business, hold a general meeting of the members of the company. Such a meeting shall be called the “Statutory Meeting” .

Ø  Held once during the life time of the company.

Ø  Notice of the Meeting: must be given at least 21 days before the meeting and must also specifically state that the meeting is the statutory meeting.

 

Annual General Meeting:

Ø  Meaning:  It is a Meeting of shareholders.

Ø  Who: Every company other than OPC.

Ø  When: The time limit for holding AGM is dependent on fulfilment of all the below conditions:

Ø  Each year one AGM; and

Ø  Time gap between the two meetings shall not exceed 15 months; and

Ø  Within six months from the close of the financial year

Ø  Extension of AGM: Registrar can grant extension of subsequent AGM on special reason for a period not extending 3 months.

 

Extra-ordinary Meeting:

Ø  It’s a meeting of Shareholders between two Annual General Meetings.

Ø  Place, day and time to hold EGM – same as AGM, if EGM is called by place requisitionists (Rule 17). However, in any case EGM shall be held at a place within India (Explanation to Rule 18).

Ø  It can requisitioned (called) by:

Ø  Shareholders/ requisitionists

Ø  Board of Directors

Ø  CLB/ NCLT (Company Law Board/ National Company Law Tribunal)

Ø  Minimum numbers of requisitionists who are entitled are the members holding at least 1/10th of total paid-up capital (in case of company with share capital) or 1/10th voting power (in case of company without share capital).

 

  21. What is Cyber Law? What are the elements which are included in the Cyber Laws? What is the need of Cyber Laws in today’s context?

Cyber law is a system of law and regulation for the cyber space. Simply speaking cyber law is a generic term which refers to all the legal and regulatory aspects of internet and the world wide web.

 

Cyber law encompasses laws relating to:

Ø  Cyber Crimes

Ø  Electronic and digital Signatures

Ø  Intellectual Property

Ø  Data protection and Privacy

Need:

Ø  Internet has dramatically changed the way we think, the way we govern, the way we do commerce and the way we perceive ourselves.

Ø  IT is encompassing all walks of life all over the world.

Ø  Cyber space creates moral, civil and criminal wrongs. It has now given a new way to express criminal tendencies.

 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. 1. It is not necessary that the purpose should be expressed in words only. If the goods to be supplied can be used for one purpose only, it is implied that the seller had knowledge about the purpose for which the buyer needs the goods.

It is the case for implied condition. (Condition as to fitness of quality).

 

2. Here Darran must bear the loss because the property in the goods has already been passed to him with the acceptance of Darran’s offer by Amala.

 

3.  The court held that the seller was liable to pay damages to the buyer as he had failed to deliver the goods sold within a reasonable time.

 

4.  Yes. By this appropriation by Ranjan, and assent by Gagan, the property in the sugar passes to Gagan.

 

5. Here, Arun’s wrongful act of unauthorized lending the horse is independent of contract. Thus A was liable to pay the damages to Bhargav.

 

 

St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Strategic Management Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. –VI SEMESTER
M1 11 604: STRATEGIC MANAGEMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What are the Objectives of Business Policy?
  2. Explain two objectives of social audit.
  3. What is meant by Benchmarking?
  4. What do you mean by Writing a scenarios?
  5. Define Ethics.
  6. Distinguish between programs and procedures.
  7. What is a strategy?
  8. Write down the hierarchy of the strategic intent
  9. Bring out two differences between tactics and strategy in business.
  10. Define strategic Group.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Write a short note on Corporate Restructuring strategies.
  12. The competitive environment- five forces model:  use this model to evaluate

Maruthi Suzuki.

  13. Briefly explain about the evaluation techniques of strategic control.
  14. Write short notes on the relationship between Corporate Governance and Agency theory.
  15. Explain value chain analysis.
  16. Write a brief note on the generic competitive strategies.
 

SECTION – C

III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Write in details the components of strategic management system.
  18. Mckinsey’s 7s is an important tool for analysis. Discuss.
  19. In recent years, we have seen expansion of the retail sector through the establishment of new online portals resulting in stiff competition in the market. As such, each organization needs to review its strategic capabilities for competitive advantage. Explain the nature and importance of strategic capability in view of the above statement.
  20. Discuss how the BCG growth share matrix can be effectively used by the firms to allocate resources.
  21. List the Environmental factors that can affect an Organization’s Strategy
 

 

SECTION – D

 

IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. Analyze the following case and answer the question given at the end,

 

DENTA, a tooth paste was test marketed by ABC & CO in Delhi in early 2010. The brand was similar to Colgate in taste and packaging. The media advertising stressed the herbal properties of DENTA which were akin to promise. But 2 to 3 months after the Delhi launch, a tracking study revealed that DENTA has achieved a 12 per cent trial rate and a 1 per cent repeat purchase rate. The results were not as per the expectations of the company as they have targeted a market share of 10 per cent.

 

After due analysis, it was revealed that while the initial trial and repeat rate was satisfactory for the product category, yet it was felt that media advertising has not been able to induce enough people to try the product. It was therefore, felt that if the trial rate could be increased to 40 per cent and the repeat purchased to 25 per cent, the brand could achieve its targeted market share of 10 percent .Dependence purely on advertising was ruled out being very expensive.

 

Question :

  1. Suggest suitable alternatives available to ABC & CO and the most preferred alternative strategies that you would pursue as the Brand Manager for DENTA.

 

  1.  Rationalise your stand with suitable strategic suggestions.

 

 

&&&&&&&&&&&&&&&&&&&&&&&&&&&

 

 

St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Management Accounting Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. – VI SEMESTER
M1 11 602 :MANAGEMENT ACCOUNTING
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Define the term ‘Management Accounting’?
  2. Mention any two differences between Cash Flow Statement and Fund Flow Statement.
  3. What are Financial Activities?  Give any two examples of Financial Activities.
  4. Explain the scope of Management Accounting. (any 2 points).
  5. Mention any two objectives of Reports.
  6. Explain Internal Reports with an example.
  7. Average stock of a firm is Rs.50,000. Its opening stock is
Rs.10,000 less Than its closing stock. Find out the opening and  closing stock.
  8. Gross profit ratio 20% on sales. Total gross profit Rs. 1,00,000. Cash sales Rs.1,20,000. Average debtors Rs. 95,000.  Calculate Debtors turn over ratio.
  9. For calculating ‘Cash flow from Operating Activities’ from the given figure of ‘Net Profit’ earned during a year, how would you deal with:

a.      Decrease in Debtors b.      Increase in Bank Balance
c.       Increase in Bills Payable d.     Decrease in Debentures
  10. Calculate Inventory Turnover Ratio from the data given below:

Inventory at the beginning of the year Rs. 20,000
Inventory at the end of the year Rs. 10,000
Purchases Rs. 2,50,000
Return Outwards Rs. 5,000
Sales Rs. 3,50,000
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Mention any five differences between Financial Accounting and Management Accounting.
  12. Calculate the following ratios with the help of the information given:

a)      Gross Ratio b)     Net Profit Ratio
c)      Quick Ratio d)     Turnover to Working Capital Ratio
e)      Shareholders’ Funds to Total Assets Ratio.  

 

Information:

Particulars Rs. Particulars Rs.
Equity Share Capital 2,00,000 Opening Inventory 24,000
8% Preference Share Capital 1,60,000 Purchases 2,40,000
9% Debentures 1,20,000 Wages 16,000
General Reserve 20,000 Closing Inventory 36,000
Sales 4,00,000 Selling and Distribution Expenses 4,000
Liquid Assets 1,00,000 Non-current Assets 4,24,000
Current Liabilities 60,000    
  13. From the following figures calculate cash flow from operating activities:

Particulars 2015 (Rs.) 2014 (Rs.)
Balance of Profit & Loss 5,00,000 2,50,000
Provision for Depreciation 1,60,000 80,000
Outstanding wages 18,000 15,000
Prepaid Insurance 16,000 29,000
Goodwill 32,000 35,000
Provision for Doubtful Debts 20,000 14,000
Balance of Trade Receivables 1,10,000 1,98,000
Provision for Income Tax 45,000 35,000
Cash and bank balance 23,000 25,000
   

14.

 

Calculate Funds from Operation from the following:

a Net Profit for the year ended 31.03.2015 is Rs. 3,85,000.
b Loss on sale of building Rs. 35,500.
c Goodwill appears in the books at Rs. 80,000 out of which 20% has been written off.
d Old Machinery worth Rs. 18,000 has been sold for Rs. 20,000 during the year.
e Rs. 25,000 has been transferred to General Reserve.
f Depreciation has been provided on Machinery and Furniture at 10% of total cost.  Total Cost of Machinery and Furniture amount to Rs. 8,00,000.
  15. From the following Balance Sheets of the Vivek Industries Ltd. compute the trend percentages using 2012-13 as the base year. (Interpretations not required)

 Particulars 2012-13 2013-14 2014-15
Share Capital 2,60,000 3,25,000 3,90,000
Reserves 1,30,000 1,95,000 1,95,000
Loans 2,60,000 1,30,000 65,000
Sundry Creditors 3,90,000 5,20,000 2,60,000
Buildings 2,60,000 3,25,000 3,90,000
Plant 2,60,000 3,25,000 1,30,000
Stock 3,25,000 3,25,000 1,95,000
Debtors 1,30,000 1,30,000 1,30,000
Cash at Bank 65,000 65,000 65,000
   

16.

 

Explain the General Principles of a Good Reporting System.

 

SECTION – C

III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. John Ltd provides you the following information for the year ending 31st March 2015.

1 Sales for the year amounted to Rs. 2,00,000 out of which 60% is for cash.
2 Cost of goods sold was 50% of total sales.
3 All inventories were purchased on credit.
4 Collections from debtors amounted to Rs. 60,000.
5 Payments to creditors for inventory totaled Rs. 45,000.
6 Depreciation charged during the year on machinery amounted to Rs. 15,000.
7 Goodwill written off during the year Rs.30,000
8 Total salary for the period amounted to Rs. 6,000 out of which Rs.1,000 was outstanding.
9 Office expenses paid in cash amounted to Rs.8,000 and outstanding office expenses were Rs.2,000.
10 Land was purchased for Rs. 2,50,000 and the consideration was discharged by the allotment to the vendors of zero percent convertible debentures.
11 Fully paid equity shares of the face value of Rs. 2,00,000 were issued at a premium of 20%.
12 A machine was sold for Rs. 15,000. The book value of the machine was Rs. 17,000.
13 Another machine having a book value of Rs. 4,000 was scrapped and was treated as ordinary business loss.
14 A vehicle was purchased for cash at a cost of Rs. 1,50,000.
15 Dividends paid during the period amounted to Rs. 40,000.
16 Income tax paid Rs.10,000.
17 Cash in hand and at bank as at 31st March 2014 totaled Rs. 75,000.

 

You are required to prepare a Cash Flow statement using direct method.

  18. The Balance Sheets of S & Co. and K & Co. are given as follows:

Balance Sheets as at 31.03.2015

Particulars S & Co.  (Rs.) K & Co. (Rs.)
Equity and Liabilities:    
Shareholders’ Funds:    
Preference Share Capital 1,80,000 2,40,000
Equity Share Capital 2,25,000 6,00,000
Reserves and Surplus 21,000 27,000
Non-current Liabilities    
Long-term Loans 1,72,500 1,95,000
Current Liabilities:    
Bills Payables 3,000 0
Sundry Creditors 18,000 6,000
Outstanding Expenses 22,500 9,000
Proposed Dividend 15,000 1,35,000
Total 6,57,000 12,12,000
Assets:    
Non-current Assets    
Land and Building 1,20,000 1,84,500
Plant and Machinery 5,01,000 9,00,000
Current Assets    
Temporary Investments 1,500 60,000
Inventories 15,000 37,500
Trade Receivables 6,000 12,000
Prepaid Expenses 1,500 3,000
Cash and Cash Equivalents 12,000 15,000
Total 6,57,000 12,12,000

Prepare the Common Size Balance Sheet of the two Companies and answer the following questions:

(a)   What is the position of working capital in both the companies?

(b)   Which company has depended more on outsiders’ funds?

Has fixed assets been financed by Working Capital in any of the companies?

 

  19. From the following prepare the schedule of changes in Working Capital and Fund Flow Statement.

Name of the Co.:  ABC Ltd.

Balance Sheet as at 31st December, 2015

 

 

Particulars Note No. 31.12.2015 31.12.2014
I.  EQUITY AND LIABILITIES:      
(1)  Shareholders’ Funds:      
        (a) Share Capital          3,60,000         2,40,000
        (b) Reserves and Surplus 1        1,25,400         1,00,500
       
(2)  Share Application Money pending allotment      
       
(3)  Non-current Liabilities:      
(a) Long-term borrowings             78,000                      –
       
(4)  Current Liabilities:      
        (a) Short-term borrowings      
        (b) Trade Payables (Creditors)          1,09,200         1,00,500
        ( c) Other current liabilities      
        ( d) Short-term provisions (Tax)             32,700            29,400
       
TOTAL          7,05,300         4,70,400
       
II. ASSETS:      
(1)  Non-current assets:      
        (a) Fixed Assets:      
                    (i) Tangible Assets 2        4,98,000         2,80,200
                   (ii) Intangible Assets      
        (b) Non-current Investments      
       
(2)  Current Assets:      
        (a) Current Investments      
        (b) Inventories             78,000            66,300
        ( c) Trade Receivables (Debtors)          1,17,300         1,09,500
        ( d) Cash and Cash Equivalents (Bank)             12,000            14,400
         (e) Short-term Loans and Advances      
 

(f)  Other Current Assets

     
       
TOTAL          7,05,300         4,70,400

 

Note: 1:      
Reserves and Surplus:   31.12.2015 31.12.2014
General Reserve             27,000            18,000
Share Premium             36,000            24,000
Profit and Loss A/c             62,400            58,500
           1,25,400         1,00,500
Note: 2:      
Tangible Assets      
Land and Building          3,39,600         1,66,200
Plant and Machinery          1,53,900         1,06,800
Furniture                4,500               7,200
         4,98,000       2,80,200

Additional Information:

Depreciation written off during the year on Machinery is Rs. 38,400 and on Furniture is Rs. 1,200.

 

  20. XY Company Ltd. is unable to pay dividends to the shareholders of the company due to shortage of cash and cash equivalents, in spite of making reasonable profits for the past few years.

You are asked to submit a report to the management bringing out the reasons for the shortage of cash and cash equivalents and your suggestions to the management to overcome the situation.

  21. Using the following details, prepare Balance Sheet of Ajay Ltd.:

a)      Current Ratio = 2.75

b)     Quick Ratio = 2.25

c)      Working Capital = Rs.7,00,000.

d)     Reserves and Surplus = Rs. 1,00,000.

e)      Total current assets included stock, debtors and cash only, which are in the ratio of 2 : 6 : 3

f)       Total current liabilities included creditors and bills payable in the ratio of   3 : 2

g)     Fixed Assets are 50% of Share Capital.

h)     The Share Capital is Rs. 12,00,000.  There are no other items of assets or liabilities.

 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. The Balance Sheets of Deeps Ltd., is as follows:

Liabilities 2014 2015 Assets 2014 2015
Equity Share Capital 4,00,000 5,00,000 Plant and Machinery 6,00,000 6,80,000
Bank Loan 1,00,000 60,000 Goodwill 50,000 40,000
Reserves & Surplus 80,000 50,000 Sundry Debtors 30,000 14,000
Debentures 1,00,000 75,000 Stock 65,000 60,000
Provision for tax 20,000 22,000 Prepaid Expenses 5,000 0
Proposed Dividend 20,000 25,000 Cash at Bank 20,000 6,000
Sundry Creditors 60,000 75,000 Preliminary Expenses 10,000 7,000
Total 7,80,000 8,07,000 Total 7,80,000 8,07,000

You are required to calculate the following:

a)      Prepare the Schedule of Changes in Working Capital for the year ending 2015                                                                                                    (6 Marks)

b)     Calculate cashflow from Operation for the year ending 2015.  (5 Marks)

c)      Current Ratio and Quick Ratio for the year 2015.      (4 Marks)

 

 

 

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