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II B.Tech. II-Semester Supplementary Examinations, Nov/Dec-2004
(Computer Science and Engineering)
Time: 3 hours Max Marks: 70
Answer any FIVE Questions
All Questions carry equal marks
- - -
1. Define managerial economics and discuss its scope.
2. What is the significance of demand analysis to the managerial economist?
3. What are the Laws of variable proportions? Explain the three laws of production.
4. “While managerial cost is essentially incremental cost, incremental cost is not so”. Explain.
5. Price is higher and scale of output is smaller under monopolistic competition than under perfect competition. Explain.
6. Explain various accounting concepts in detail with suitable examples.
7. Mr. Krishnan wishes to commence a new trading business and gives the following information:
a) The total estimated sales in a year will be Rs.12, 00,000.
b) His expenses are estimated as fixed expenses of Rs.2000 per month plus variable expenses equal to five percent of his turnover.
c) He expects to fix the sales price for each product, which will be 25 percent in excess of his cost of purchase.
d) He expects to turnover his stock four times in a year.
e) The sales and purchases will be evenly spread through out the year. All sales will be for cash but he expects one month’s credit for purchases.
Calculate his estimated profit for the year and his average working capital requirements.
8. A project requires an investment of Rs.10,00,000. The plant and machinery required under the profit will have a scrap value of Rs.80,000 at the end of its useful life of 5 years. The profits after tax and depreciation are estimated to be as follows: -
|
Year |
Rupees |
|
1 |
50,000 |
|
2 |
75,000 |
|
3 |
1,25,000 |
|
4 |
1,30,000 |
|
5 |
80,000 |
Calculate the Accounting Rate of Return.
=
+ = + = + =
OR
Code No: 210152
II B.Tech. I-Semester Supplementary Examinations, November-2004
MANAGERIAL ECONOMICS AND PRINCIPLES OF ACCOUNTANCY
(Common to Civil Engineering, Electronics and Communication Engineering
and Information Technology)
Time: 3 hours
Max Marks: 70
Answer any FIVE Questions
All Questions carry equal marks
---
1. “Managerial Economics is the
integration of economic theory with business practice for the purpose of
facilitating decision making and forward planning by management”. Explain.
2. What is production function? State and illustrate ‘Cob Douglas production Function’.
3. Explain briefly the various methods of forecasting demand and point out their limitations.
4. What is Break Even Analysis? Explain its managerial application.
5. What is monopoly? Explain how price-output decisions are taken under conditions of monopoly.
6. Outline the advantages of a public limited joint stock company vis-à-vis sole proprietary and partnership concerns.
7. What are the important ratios that are used in analysis and interpretation of financial statements?
(Contd…)
Code No: 210152 -2- OR
8. From the following Trial Balance, extracted from the books of Rakhaldas Ramji, prepare a Trading and profit and Loss Account for the year ended 31 st December 2001 and a Balance Sheet as on that date:
Dr.(Rs.) Cr.(Rs.)
R.R’s Capital Account 90,000
R.R’s Drawings Account 6,480
Land and Buildings 25,000
Plant and Machinery 14,270
Furniture and Fixtures 1,250
Carriage (Inwards) 4,370
Wages (Manufacturing) 21,470
Salaries 4,670
Bad Debts Reserve 2,470
Sales 91,250
Sales Returns 1,760
Bank Charges 140
Coal, Gas and Water 720
Rates and Taxes 840
Discounts Account (balance) 120
Purchases 42,160
Purchase Returns 8,460
Bills Receivable 1,270
Trade Expenses 1,990
Sundry Debtors 37,800
Sundry Creditors 12,170
Stock 26, 420
Apprentice Premium (paid
by an apprentice in factory) 500
Fire Insurance 490
Cash at Bank 13,000
Cash in Hand 850
------------ -----------
2,04,950 2,04,950
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Charge Depreciation on Land and Buildings Account at 21/2% on plant and Machinery Account at 10%, and on Furniture and Fixtures Account at 10%. Make a reserve of 5% on the Sundry Debtors for Bad Debts. The value of stock as on 31st December 2001 was Rs.29,390.
x-x-x