MBA SOLVED ASSIGNMENTS JUNE 2017, MBA ASSIGNMENTS, ASSIGNMENTS

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INTERNAL ASSIGNMENT APPLICABLE FOR JUNE 2017 EXAMINATION
COURSE: Business Statistics
1. Sixty per cent of students applying for admissions at NGASCE are female. 30 applications
were received on a particular day. What is the probability that exactly 15 of the
applications will be from females? What is the probability that fewer than 10 of the
applications will be from females? Also, calculate the expected number and variance of the
number of applications from females? (10 marks)
2. The following data represent the number of Pen drives sold per day at a local computer
shop and their daily average sales prices after bargain. (10 marks)
Price of each pen drive
(x)
Units Sold
(y)
INR 340 3
Develop a least-squares regression line and explain what the slope of the line indicates.
Compute the coefficient of determination and comment on the strength of relationship
between x and y.
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3. The growth in bad-debt expense for Chadha and Chadha Company over the last 20 years
is as follows.
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
0.11 0.09 0.08 0.08 0.1 0.11 0.12 0.1 0.07 0.09
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
0.08 0.05 0.04 0.08 0.5 0.01 0.4 0.03 0.11 0.13
a) With the help of different statistical tools discuss the financial health of the company. (5
Marks)
b) Assume that you are a branch manager with a leading bank and if the Chadha and
Chadha Company’s Managing Director approaches you with a funding request for its

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expansion plan, what will be your decision? Justify your decision based on your statistical
analysis.
Financial Accounting & Analysis
Question 1
Income statement for the year ended 31st March 17, is as under (10 Marks)
(Rs in lacs)
Previous year
2016
Current Year
2017
Gross Sales
Less: Returns
1200
225
1500
300
Net sales
Less: Cost of goods sold
975
438.75
1200
600
Gross profit
Less: Selling and
distribution Exp.
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536.25
140
600
180
Operating Profit
Less: Interest expenses
396
101
420
126
Earnings before taxes

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Less: Taxes
295
118
294
117.6
Earnings after taxes 177 176.4
Required:
Convert it into common size income statement.
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Question 2
The matching concept of accounting suggests that in order to calculate accurate amount of
profit or loss for the period the expenses or revenues should be recognized correctly. Thus,
it is important to differentiate between the capital and revenue items. Mr. Ramchandani
purchased Shaper Jet 3D printer at Rs90000, extra printer cartridges and ink for Rs10000
for his business. Discuss how the expenditure will be treated while preparing the financial
statements. Provided the rate of depreciation on printer and related assets is 10 % p.a. (10
Marks)
Question 3
a) TCD Ltd provided Rs50 lacs for inventory obsolescence in 2013-14. In the subsequent
year, it was determined that 25 % of such stocks are usable. The accounts manager of the
company wants to adjust the same through prior period adjustment account, as the
provision was made in the earlier years. Give your opinion whether the contention of the
accounts manager is correct or not. (5 Marks)
b) Rectify the following errors by passing Journal entry (5 Marks)
recorded in the books
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