JAIPURIA INSTITUTE 5 ADUA 1* Trimester (Batch 2019-21) END TERM EXAMINATIONS Accounting Fundamentals [Course Code | FINIOI Marks | 40 Instructions: Attempt all questions. QL. Prepare Income Statement and Balance Sheet for ABC Ltd- (10 Marks) ABC Limited Trial Balance, August 31, 2019 Amount in Rs (Lakh) Particulars Debit Credit «| Store Furniture 20000 ) Accumulated Depreciation, Store Furniture 2000 Merchandise Inventory 17130 «| Office Supplies 3690 | Debtors 4900 Cash 5700 Insurance Premium 600 Creditors 3900 Share Capital 10000 | Retained Earnings 2320 Dividends 5000 Sales 95160 Sales Returns and Allowances 430 | Sales Discounts 1280 [Purchases 43750 Purchase Returns and Allowances 90 Purchase Discounts 1440 Freight In 3100 - | Office Salaries Expense 1100 Sales Salaries Expense [4300 [Delivery Expense 360 Telephone Expense 320 +| Store Rent Expense 2750 Total 114910 114910 Adjustments- - a) Estimated depreciation on store furniture- Rs.1000 ) Estimated office supplies inventory- Rs. 730 +c) Store rent at Rs,300 per month from August 1, 2018. Page 1 of 4d) The current insurance policy was taken for one year from 1* September, 2018. é ©) Outstanding Expenses- Office Salaries Expenses- Rs. 100; Sales Salaries - Rs. 500 £) Unpaid Advertisement Rs.900 g) Estimated Income Tax- Rs. 9000 h) Ending Merchandise Inventory- Rs. 23180 Q2. Assuming that PQR limited uses a perpetual inventory system and keeps detailed record of purchases and sales. The date wise break up of purchase and sales during the quarter is given below: Date Quantity [ Unit Price(Rs.) Beginning Inventory-1* Apri 700 1200 Purchase 10 April 800 [i240 5 May 500 | _1250 15 June 700 1290 Sales 7 April 400 10 May [800 12 June 300 Selling Price of the goods is Rs.1800. Using FIFO calculate: (4 Marks) a) Value of Closing Inventory b) Cost of Goods Sold (COGS) ©) Gross Profit Q3. SL limited purchased a machinery costing Rs:15 million. The management would like to replace the machine after 5 years. At that time, the machine is expected to fetch a residual value of Rs.5 million. a) What will be the annual depreciation if the company follows the SLM of charging depreciation? b) How will the asset and depreciation appear in the second year’s balance sheet and p loss A/c of SL limited after acquisition of the machine? ©) Afier depreciating the machine for three years using SLM, in the fourth year SL. ltd decided to change the method of depreciation to WDV at 20% per annum. How will change affect the fit & profit & loss account & the balance sheet of the company? (4 Marks) Q4. The following are the summarized balance sheets of Hypothetical Ltd. as at March 31 for the ‘two consecutive years | and 2. Prepare Cash Flow Statement (Rs 000) (LO Marks) Assets Yeer2 | Yeart Cash on hand and balances with banks | 200 25 Short-term investments 670 135 Sundry debtors 1700 1200 [Interest receivable 100 o Inventories 300 1950 Long-term investments 2500 2500 Fixed assets at cost 2180 | 1910 ‘Accumulated depreciation “1450 -1060 Fixed assets (net) 730 850 Total Assets 6800, 6660 Liabilities Sundryereditors «|S 1890) Page 2 0f 4 ay[Interest payable 230 100 [Income taxes payable ae 400 1000 Long-term debt - 1110 4040 Total liabilities - 1890 4030 Shareholders’ Funds Share capital 1s00__|_1250 Reserves 3410 1380, “Total shareholders’ funds 4910, 2630 Total Liabilities 6800 6660 Statement of Profit and Loss for the year 2 ended March 31 (Rs '000) Sales 30650 Cost of sales 26000 | Gross profit 46s0_| [Depreciation 450 | Administrative and selling expenses 910 Interest expense - 400 Interest income 300 Dividend income 200 Foreign exchange loss - 40 ‘Net profit before taxation and extraordinary item 3350 Extraordinary item-Insurance proceeds from ne earthquake disaster settlement Net profit after extraordinary item 3530 Income-tax - | 300 ‘Net profit 3230 Additional Information (Rs in thousand) Q5. Based on the financial information given below calculate the following ratios: a) Anamount of 250 was raised from the issue of share capital and a further 250 was raised from Jong term borrowings. b) Interest expense was 400 of which 170 was paid during the period. 100 relating to interest expense of the prior period was also paid during the period. ©) Dividends paid were 1,060. 4) Tax deducted at source on dividends received (included in the tax expense of 300 for the year) amounted to 40. During the period, the enterprise acquired fixed assets for 350. The payment was made in cash. 4) Plant with original cost of 80 and accumulated depreciation of 60 was sold for 20 g) Foreign exchange Joss of 40 represents the reduction in the carrying amount of « short-term investments in foreign-currency designated bonds arising out of a change in exchange rate between the date of acquisition of the investment and the balance sheet date h) Sundry debtors and sundry creditors include amounts relating to credit sales and credit purchases only °) (12 Marks) a) Profitability Ratios b) Liquidity Ratios ©) Efficiency Ratios d) Solvency Ratio Page 3 of 4| ©) DU PONT Ratios S Also, comment on the financial performance of Tringtra Ltd, based on the above ratios, Profit and Loss Account for Trinetra Ltd. for 2018 2019 the year ended 31” March Rs lakhs Sales and Other Income 8015.00 _| 9013.50 3767.05 | 4134.55 Cost of goods sold 2244.20 2312.14 1 ‘Administrative Expenses Profit Before Taxes (PBT) 2003.75 | 2566.81 Taxes TIAS 988.22 Profit After Tax (PAT) 1232.31_ [1578.59 Balance Sheet of Trinetra Ltd. As on Rs lakhs | 31/03/18 | 31/03/19 Liabilities and Share Capital Share Capital 237.61_[_ 237.61 Reserves and Surplus 1157.15 [1267.39 Secured Loans 115.02_| 78.49 Unsecured Loans 195.23 | 144.10 3 Current Liabilities and Provisions 1729.64 | 2480.74 a) Total 3434.66 | 4208.34 Assets Fixed Assets (Net) 861.02 [947.38 Investments, 392.24 | 634.17 Inventories 1078.64 | 1246.60 Sundry debtors 171.24 [173.53 ‘Cash and Bank Balances 242.61 | 685.40 Other Current Assets 12.51 17.34 ‘Loans and Advances 676.41 [503.92 Total 3434.66 | 4208.34 . Page 4 of 4RIA. _y way JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW enw 1* Trimester (Bateh 2019-21) END TERM EXAMINATIONS [Course Code [170102 { Course Name | Statistics for Management _ Max. Time —_, 120 minut Instructions: Attempt all the questions. Marks are indicated against each question. This is an open book examination. Students are permitted to use the text book. Borrowing, interchanging of books and use of loose sheets are not allowed. Qi(a). A purchasing agent placed rush orders for a particular raw material with two independent suppliers, ‘Aand B. Ifneither order arrives in four days, the production process will be shut down until at least one of the orders arrives. The chances that the supplier A can deliver the material in four days is 0.55 and for the ‘second supplier B is 0.35. What are the chances that production process will shut down in four days due to shortage of raw material? @ Qi(b). Orient’Door Company manufactures hard-wood doors that are supplied to the housing colonies, constructed by the City Development Authority. It wants to build doors as small as possible to save on ‘material cost, but maintain it good reputation, it feels obliged to manufacture doors that are tall enough for 95% of the adult population in the city to pass through without stopping, The height of adult in the city is normally disturbed with mean 66 inches and standard deviation 6 inches. Orient wants to determine the appropriate height of the door, satisfying the mentioned condition. How tall should Orient doors be? 8 Q2. Steven T. Opsine, supervisor of traffic signals for the Fairfax County division of the Virginia State Highway Administration, must decide whether to install a traffic light at the reportedly dangerous intersection of Dolley Madison Blvd, and Lewinsville Rd. Toward this end, Mr. Opsine has collected data on accidents at the intersection: Number of Accidents yer] s|F[mM|A/M/s|s|A]S/O/}N]D 2017 | 10| 8 | 10| 6 | 9 | 12] 2 | 10} 10] 0 | 7 | 10 gos [12] 9] 7] 8/4) 3)7} 14) s8] sa] s S.H.A. policy is to install a traffic light at an intersection if the monthly expected number of accidents is, higher than 7. According to this criterion, should Mr. Opsine recommend that a traffic light be installed at @ this intersection? Q3 (a). A large hotel chain is trying to decide whether to convert more ofits rooms.to nonsmoking rooms, Inarandom sample of 400 guests last year, 166 had requested nonsmoking rooms. This year, 205 guests in Page 1 of 3tthe hotel chain convert more ate hypotheses at a 0.01 level a sample of 380 preferred the nonsmoking rooms. Would you recommend rooms to nonsmoking? Support your recommendation by testing the approp of significance. Cc Q3 (b). Burger King sponsored what it believed to be the biggest product giveaway in fast-food history when it initiated “Free Fry Day” on the New Year's Eve. Anyone who stopped at one of Burger King's restaurants receiv? a sali order of the new Burger King fries free of charge. A national taste test ‘comparing the new Burger Kins fries to MeDonald’s fries was the basis for the Burger King promotion. OF the 500 customers who participated in the taste test, 285 expressed a taste preference for the Burger King fries. ‘Analyze the information and comment on the proportion of population that favors the Burger King fties. Do you believe thatthe national taste test statistics helped Burger King’s management decide to implement the “Free Fry Day” campaign? Discuss. “ Q4 (a). A company, recently criticized for not paying women as much as men working in the same pesitior, claims that its average salary paid to all employees is Rs. 23700. From a random sample of 28 women ‘working in the company, the average salary was calculated to be Rs. 23100 and standard deviation of the salary paid is Rs. 1290. Analyze the situation and test the claim at 5% level of significance ow Q4 (b). For assessing the mimher of monthly transactions in credit cards issued by a bank, transactions in 25 cards are analyzed. The analysts revealed an average of 7.4 transactions and sample standard deviation ‘of 2.25 transactions. Find 90 percent confidence limits for the monthly number of transactions by all the credit card holders of the bank? Oy QS. Muich has been said about airline deregulation and the effects it had on the airline industry and its performance. Foliowing a deluge of complaints from passengers, the chief operation officer of one of the ‘major airlines asked the company’s public relations officer to look into the problem. The measure of level Of delay is taken as dissatisfaction due to delay (on a scale of 1-100, 1=least and 100=most). The public relation officer obtained average level of dissatisfaction figures for a random sample of airline's zoutes before and after the dereguiation for a set of 25 airports. ‘The data has been analyzed and results are given as: (Test: Two-Sample Assuming Equal Variances Page 2 af3 Before | After ‘Mean 66.16 | 73.52 Variance 64.39 | 73.34 ‘Observations 25] 25 Pooled Variance 68.8667 Hypothesized Mean Difference 0 df a8 {Sal “3.13566 POP<1) one-tail 0.00146 «Critical oné-tail 1.67722 T<=1) two-tail 0.00293, fl tw ta 2.01063, PRES REE. comeregen. Aer ‘Mean 66.16 |__73.52 ‘Variance 64.39 | 7534333 [ Observations 25 25 Pearson Correlation 0.03825 =|Hypothesized Mean Difference o| far 24 t Stat “3.07748 P(T<=1) one-t 0.002579 1 Critical one-tail 1.710882 PCT<=t) two-tail 0.005159 {Critical two-tail 2.063899, Select the appropriate output and examine whether there is evidence that the dissatisfaction has become a critical problem after deregulation? Comment on the findings, © Q6. In this increasingly competitive diaper market, Procter & Gamble’s marketing department wanted to formulate new approaches to the construction and marketing of Pampers to position them effectively against its competitors. ‘They surveyed 300 mothers of infants. Each was given a randomly selected brand of diaper and asked to rate that diaper on four attributes (price of the box, count per box, absorbency and comfort) and also to rate het overall purchase preference for the brand. Purchase-preferences and diaper ratings on four attributes ‘were obtained on a 7-point Likert-type scale. ‘Analyze the data and suggest the appropriate production and marketing strategy to Procter & Gamble’s marketing department so that Procter & Gamble would have an edge over its competitors vis-a-vis other competitors 7 7 @ SUMMARY OUTPUT : ‘Regression Statsties MultipleR 0.8508 R Square 0.7239 ‘Adjusted R-Square- 0.7202 Standard Error 1.0382 Observations 300 : ANOVA oe L ff SS MS E Sig. F Regression ___4| 33,9022 | 208.4756 | 193.4107 | 3.7888-81 Residual 295 | 317.9777 | 1.0778 Total 299| 1151.88 [ Coefficients | St Error | tStat_| P-value | Lower 95% | Upper 95% Intercept -3.3297| 0.3058 | -10-8874 | 1.9838-23 3.9316 | 2.7278 [Price 0.5232| _0.1167| 4.4805 | 1.0668-05 0.2934] 0.7530 Count o.fo3s| o.1195| 0.8665 | 0.3869 10.1316 | 0.3388 ‘Absorbeney | 0.4338 0.0404 [8.7756 1,396E-16 0.3365 | __0.5310 [comfort ‘6sa7| 0.0608 | 10.7545 | s.ense-23 | 0.53491 0.7745 Page 3 of 3_§ saipuRia JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW rm 1* Trimester (Batch 2019-21) END TERM EXAMINATIONS | Course Name | Principles of Management ____| Course Code [ GM10i7 ‘Max. Time | 120 mi 4 Max, Marks [40 Instructions: Attempt all the questions. Each question carries 8 marks. As the Head of Training and Development Division of ABC Pharmaceuticals Ltd, propose the Goals, and Objectives of your Division for a one year plan. Which control techniques would you propose to achieve these goals and objectives? (Explain any three techniques). 2. As artificial intelligence redefines management and managerial roles, which, according to ‘you, still remains the most significant contribution in the evolution of management thought and why? Explain, 3. Green Travels is an online travel agency specializing in sustainable travel packages. As the organization transitions from a partnership based entrepreneurial venture to an established midsize company, propose an organizational structure for Green Travels. Also, explain and give reasons in support of the structure that you have proposed, 4, ABC Limited began its journey in India as a subsidiary of American Multinational XYZ Limited in 1990 in tobacco business. Although it is a dominant market leader in the socially qe) undesirable tobacco business, but now it is planning to enter into the FMCG market with the goal to become the No. | FMCG company in the country. As a consultant hired for helping the company in making this transition, propose a new set of Vision, Mission, and Objectives for this company. Also, explain the difference between vision and mission in general with the help of an example. According to Mintzberg, “If you ask managers what they do, they will most likely tell you that they plan, organize, coordinate, and control. Then watch what they do. Don’t be surprised if you can’t relate......When a manager is told that a factory has just burned down and then advises the caller to see whether temporary arrangements can be made to supply customers Page 1 of 2through @ foreign subsidiary, is that manager planning, organizing. coordinating. or controlling? How about when he or she presents a gold watch to a retiring employee? Or attends a conference to meet people in the trade and returns with an interesting new product idea for employees to consider?” In the light of text given above, write a note on the changing role of a manager in contemporary organizations. Also, include in your answer, the difference between a leader and a manager. Page 2 of 2/ 72% to 1.5 million units. _§ 2AlbyBIA JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW POST GRADUATE DIPLOMA IN MANAGEMENT 1 Trimester (Batch 2019-21) END TERM EXAMINATIONS. Instructions: All questions are compulsory. 1, Sales of cars and SUVs in India declined for a 10th month in August 2019, as the worst slump in almost two decades for the country’s auto sector shows no sign of letting up. Deliveries fell 41% from a year earlier to 115,957 units, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. Truck and bus sales dropped 39%. Two-wheeler sales -- a key indicator of demand in rural India -- fell ‘The automobile sector is a key part of Asia’s third-largest economy, employing millions of people directly or indirectly and contributing more than 7% to the nation’s gross domestic product. There.is indeed a reason for concern, a, Enumerate the macro-environmental factors responsible for the slowdown in the automobile industry. (8 marks) b. Explain the impact of this slowdown on the micro-environment of automobile companies. (7 marks) 2. Prakash Mehra is a long ~ time manufacturer of children toys. During « recent meeting of marketing executives at the company, he decided to appoint a committee to examine the firm’s products and identify those that were not selling and should be dropped. The committee reported back to the executives and identified five products that were candidates for deletion. The report noted that company sales people could not convince enough retailers to stock these products. ) One product manager heatedly opposed the committee on one point. Its recommendation to drop the firm’s line of jumping ropes. When asked to put writing in his views, he submitted the following, To: The Members of Marketing Committee The decision to delete the jump ropes from our product line, in my opinion is premature. Admittedly our jump rope sales have declined by 48% in the past three years. The decrease according to the committee ‘was traceable primarily to the declining school population. In my view, the decline of our jump rope business was due to our own failure to fully understand the ‘marketing-concept-as-well as to-look at the market for jump ropes creatively. If we have done this we would have identified several potential markets, namely, the market for people who want to stay trim and Just use the.rope for exercise, those who want to develop their muscles and need a weighted rope, and ‘market for people who have neither the time nor the facilities for jogging and prefer an indoor exercise that will increase their lung capacity. 1Very Trily Yours Satish Kaul Define what does Satish mean in this situation by ‘Marketing Concept’? (5 marks) b, Illustrate with examples the difference between marketing concept and selling concept. (5 marks) 3. Rahul was ambitious about scaling up his father’s business-a FMCG store. He did a lot of research to explore how he could achieve his ambition. Eventually, he settled with a PGDM program with a B-school of repute. a. Describe Rahul’s decision of joining a B-school in terms of need, want and demand. (5 marks) b. Identify how a B-school can create value for its customers and also capture value from customers in return, (5 marks) Ae) 4, When customers shop your online store, they leave an electronic trail that provides lots of information -- from their name and address to the types of goods that interest them when they search the site. A partner company would like to buy the data from you. a. Review ifyou should make the sale? State proper reasons for your answer. (5 marks)_g 2alpualA JAIPURIA INSTITUTE OF MANAGEMENT, LUCKNOW (OCTET LA IN MANAGEMENT FIRST TRIMESTER (BATCH 2019-21) END TERM EXAMINATION [Course Name | Managerial Economics [Course Code | ECO101 | [ Max. Time’ 2 Hours _| Max. Marks 40 Tnstructions: Attempt all questions. Ql. Mona Pvt. Ltd. produces and sells 3 products, product-A, product-B and product-C, Mona engaged a business economist to estimate price elasticity of demand (PED) for its 3 products. The business economist conducted rigorous research and reported following price elasticities: PED of product-A = -1.75; PED of product-B = -0.85; and PED of product-C = -1.0. What change in price of product-A, product-B and product-C will lead to increase in total revenue from the respective products of Mona Pvt. Ltd.? Analyze with detailed explanations in case of each of the 3 products. [5 marks] 2. Assume that demand for and supply of product X are characterized by Qd = 400 ~ SP and Qs = -50 + 10P, respectively where Qd is quantity demanded of the product X, P is price of the product X, and Qs is quantity: ‘supplied of the product X. On the basis of given information, answer the following questions: ‘A. At what price of product X, will the quantity demanded be equal to the quantity supplied? B, Who are more reactive to change in price of the product? Buyers or sellers? Explain. C. Ifthe government fixes the price of product X at 25, what will be reaction of the buyers and sellers? What will be the situation in the market for product X? Explain. D. As per given demand function, what maximum price consumers are willing to pay for 50" unit of the product X? E. As per given supply function, what is the minimum price acceptable to sellers for 100" unit of the product 2 [1 Mark each = 5 Marks} .Q3. Wheat is grown and supplied by large number of farmers in the state of Uttar Pradesh. At the same time, wheat isconsumed in one or other form by larger number of families in Uttar Pradesh. But the government of Uttar Pradesh intends to protect the interests of wheat farmers. Should the government of Uttar Pradesh impose price ceiling or price floor to protect the interest of wheat farmers? Will such government-imposed price be fixed above or below the equilibrium wheat price? Explain the likely impacts of such government-imposed price on the wheat market? [5 Marks} (Q4. Suppose consumer income has increased substantially leading to increase in demand for massage services in Mumbai. At the same time, state government has doubled the annual license fee-on massage parlors which has raised the cost of providing massage services. Explain with the help of demand and supply diagram/curves the impact on equilibrium price (Rs.) and equilibrium quantity of massage services (Nos.) in Mumbai? [5 Marks] {2 Marks for correct diagram +3 Marks for correct explanation] QS. Triveni Enterprises produces and sells product-M in a geographical area. There are other 3 firms producing and selling product-X, product-Y, and product-Z in the same geographical area. Suppose cross elasticity of demand (CED) between product-M and produet-X'is zero; CED between product-M and product-Y is 2.25; and CED between product-M and product-Z is -1.5. Respective producers/suppliers have reduced the price of product-X, product-Y and product-Z. Analyze separately the impact of reduction in prite of product-X, product-Y, and product. Z.on demand for product-M. {5 Marks}Q6. Answer the following questions which are independent from each other. (i) Green and Moon are the two restaurants located almost side by side across the street from 2 major university. The products of Green and Moon are somewhat differentiated, yet their primary means of . competition is pricing. Suppose each restaurant can choose between only two prices for its burger: a high price of Rs. 50 and a low price of Rs. 30. Clearly the profit for each firm at each of the prices depends ereatly on the price charged by the other firm. Estimated pay offs in terms of profit (Rs. Thousand per month) are given below: Moon High price Low price . High price 30,30] 15,36 Green Low price 36,9 112] Examine the above pricing game to identify the dominant strategy, Nash equilibrium, and final outcome. [3 Marks] i) Itis generally assumed that firms aim at profit maximization or loss minimization, With the same objet 3 firms are operating in a market: All the 3 firms are incurring losses in the short run. Important infor. about the 3 firms are given below: A B ic Total fixed cost (Rs/month) 150,000 200,000 100,000 Price of the product (RS.) 200 150 "180 Average variable cost (Rs.) 250 150 120 ‘Output quantity (Nos./montii) 500 400) 500 Examine above 3 situations to recommend whether A, B and C should continue or close the business in short run, Give appropriate explanations in each of the 3 cases. [3 Marks] (QZ. Read the following case let and answer the questions that follow: Changing market structure of telephone/mobile services in Uttar Pradesh Once upon a time, there used to be only one provider of telephone service in the state of Uttar Pradesh, ie, Government of India’s Telecom department. The situation was attributed to government restrictions on entry of private firms in this business. Later, the sector was opened to private players. Private companies welcomed the government decision and entered in telephone/mobile market. At the same time, the Government of India created Bharat Sanchar Nigam Limited. At present, there are many private companies in the telephone/mobile market of Uttar Pradesh. There is close competition among the companies. The market structure of telephone/mobile service has totally changed over the period in Uttar Pradesh. Close competition among the service providers has benefited the consumers in terms of lower price, diverse offers, etc, Customer care services have also improved over the period as a result of competition. Even BSNL, which is a government-owned company, is trying its best to satisfying the customers. (Examine the change in the market structure of telephone/mobile services in Uttar Pradesh over time? (ii) Which market structure presently characterizes the telephone/mobile services in Uttar Pradesh? Examine the key features of such market- structure. in the context of telephone/mobile services. (ii) Examine the key tools of competition adopted by different companies in this market? [2+3+4 = 9 marks]