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Code No: NR310106 NR

III B.Tech I Semester Supplementary Examinations, March 2006


MANAGERIAL ECONOMICS AND PRINCIPLES OF ACCOUNTANCY
( Common to Civil Engineering, Mechanical Engineering, Chemical
Engineering, Mechatronics, Computer Science & Systems Engineering,
Metallurgy & Material Technology and Production Engineering)
Time: 3 hours Max Marks: 80
Answer any FIVE Questions
All Questions carry equal marks
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1. Discuss the nature and scope of Managerial economics [8+8]

2. Enumerate the factors involved in demand forecasting.State the purpose of fore-


casting, both short-term and long-term. [8+8]

3. Why does the Law of Diminishing Returns operate? Explain with the help of a
diagram. [8+8]

4. Write short notes on the following:

(a) Profit-Volume Ration


(b) Margin of Safety

[8+8]

5. What are the components of working capital? Explain each of them. [6+10]

6. What is Perfect Competition? How is Market Price determined under conditions


of Perfect Competition? [4+12]

7. Discuss the factors affecting the choice of forms of business organisation.


[8x2=16]

8. (a) The cost of goods sold of a Company is Rs.5,00,000 The cost price of inventory
at the beginning of the year and at the end of the year were Rs.40,000 and
Rs.60,000 respectively. Determine Inventory-Turnover ratio.
(b) With the given information determine Debtor-Turnover ratio: Total sales:
Rs.l ,00,000 among which cash sales were Rs.75,000 Sundry debtors: Rs.l 0,000
and Bills receivable:Rs.5,000.
(c) Determine Average Collection period:
Total sales:Rs.l,00,000 out of which credit sales were Rs.80,000 Debts receiv-
able at the end of the year:Rs.15,000 Bills receivable:Rs.5,000. Assume the
no. of working days as 360.
[5+6+5]

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