uM uredita usier tears frei Indian Institute of Management Shillong MID-TERM EXAMINATION [Program Name | PGP ‘Academic Year/Term | 2022-23 ] [Course Code | CFC121101 | CourseName Financial Reporting and Analysis _| [Total Marks | 20 [Time [hour | Instructions: No | Calculator | Yes | [Open Book | No | Open Laptop | No | Internet Access Other Information: ‘A. Question paper contains three questions and three pages. 8. Attempt all questions. C. You are free to make assumptions, state it clearly. Assumptions carry marks 1. Ami Corporation prepared the following preliminary trial balance. The trial balance and other information was evaluated by the internal auditor, Manish. Manish has given alist of ‘adjustments that are necessary for preparation of correct financial statements for the year ‘ending March 31, 2022 [Marks 10] | ‘Ami CORPORATION Trial Balance March 31, 2022 Rupees lakhs Debits Credits Cash 305.40 ‘Accounts receivable 450.00 = Supplies 70.00 2 Equipment 2,445.00 - Accumulated depreciation - 465.00 Accounts payable : 127.00 Unearned revenue - 312.50 Notes payable : 800.00 Equity Share Capital - 41,000.00 Retained earnings, April 1, 2019 : 632.00 Dividends 120.00 : Revenues - 2,898.00 Wages expense 2,146.00 . Utilities expense 87.00 - 416.10 - Selling expensea2. Depreciation expense 120.00 - Interest expense 75.00 : 623450 «6,234.50 Additional information: 1M i anish discovered that 40% of the unearned revenue appearing in the trial balance had actually been earned as of the end of the year. ‘physical count of supplies on hand revealed a year-end balance of only Rs. 30 lakhs. 3. Unpaid and unrecorded invoices for utilities for December amounted to Rs. 15 lakhs. 4. The last payday was March 26th. Employees are owed an additional Rs. 39 lakhs that has not been recorded. 5. Additional depreciation of Rs. 31 lakhs need to be recorded. Required: ‘A. Post the adjustments to T accounts and prepare adjusted trial balance. B. Prepare a Statement of Profit & Loss for the year and Balance Sheet as of the end of the year. You are a newly appointed accounts manager of MOCA-LOCA company Pvt. Itd. The company is registered in India. The company is a retail trader in soft drinks. The company currently has 10 shareholders having equal share. One of the shareholders is also the CEO of the company. He has to report the profits to the remining 9 shareholders in the upcoming Annual General Meeting. Company uses LIFO method for valuing inventory. You come across the following data while preparing financial reports. Company sold 20,000 crates of soft drink at Rs.120 during the year. Its beginning inventory consisted of 1,000 crates at Rs.70 per crate. The company purchased 5,000 crates @ Rs.7 8,000 crates @Rs. 76; 96,000 crates @Rs.80. Other operating expenses were Rs. 36,500. Income tax is payable by the company is 25%. Required: ‘You have to report the same to the shareholder. Hence you prepare a statement of profit and loss under each method, comparing the implications of the two methods. You also have to convince the owner for FIFO method. Prepare a report to communicate the same to the CEO, clearly bringing out the difference between the two methods and proper reasoning for using FIFO method. [Marks 5]a3 You are a manager in the company, Kiran Computers. Your company purchased a machine { Marks 5] for making Printed circuit boards (PCB) for Rs.8,00,000. The useful life of the machine is 5 years and its estimated residual value is Rs.40,000. Also, it is known that the machine will be able to produce 50,000 PCBs. The company has orders for next five years which is as follows: Year 1 - 15000 PCB’s Year 2 - 12000 PCB’s Year 3 - 3000 PCB's Year 4 - 16000 PCB's Year 5 - 4000 PCB's Required: Your company uses straight line method of depreciation. The Chief Controller surresis te straight line method of depreciation should not be used, rather it should be produ linked. ‘i nethods. By comparing the two ep of each on& IM. Mixeite urster tees frei Indian Institute of Management Shillong MID-TERM EXAMINATION Prog a eran us me PGP Academic Year/Term 2022-24 / TERM le ceP120101 Course Name Managerial Economics - Mi ‘Total Marks 20 Time 1 Hour instructions: E [open Book [ No Open Laptop | No | internet Access | No | Calculator Yes Other Information: * Attempt all questions. * You are free to make assumptions and state them clearly. Qu. Company XYZ is a famous textile MNC all over the world, but could not enter India’s textile industry. However, it wants to open a business in India. It appoints you as a Consultant to study the present market condition of India’s textile industry. You need to submit a report to the company within a short period, and based on that the ompany will decide. While examining the textile market of India you find the following w, bas >rmation you need answers to the following questions to Fenew your contract for next term: a. Whatare the market clearing price, quantity, and price elasticities (demand and supply) in the textile market? b. While, entering India’s textile market if market demand shrinks by 10 percent, what would be the equilibrium price and quantity that company XYZ will face? You have also come across the news that the Government of India is going to " fix the minimum per unit price of textile at Rs. 6. How do you want to react to mer who consumes a basket of two goods Apple and Orange. The price of [Marks 5] [Marks 5] Utility of Apple) ea 740; 240 7170 192 140, 162 150a. au. as. a. If the income of the consumer is $68, how much income the consumer will allocate to each good? b vi will happen to the allocation, if the income of the consumer increases to ¢. What will happen to the allocation, if the income of the consumer falls to $38? d. With the help of a suitable diagram, explain how the consumer arrives at his/her equilibrium levels of allocations of apple and orange consumptions for above each different income level a. Using suitable diagrams of the indifference curve approach, explain how a rational consumer achieves his/her optimal level of consumption of two normal goods. b. Ifthe price of one of the two normal goods decreases what would be the effect on the equilibrium? Explain using a suitable diagram, Let's suppose the Ministry of Finance (MoF}), Gi the GST rates from 12 percent to 18 percent in the FMCG industry in India, Hen’ have been appointed as a tax consultant for conducting a careful impact assessment keeping in mind that the main objective of this policy action is to collect more ta revenue from the producers than from the consumers. While doing @ critical assessment you observe that the demand of the FMCG industry is relatively more Prics Ginstic than the supply. Based on the above observation, what would be your suggestion to MoF, Gol? Explain using a suitable diagram. ce, You to maximize its short-run total production by choosing its im level. Explain with suitable above problem. Comment igh for arrival at the above A rational producer wants level of variable factors of production (labour) at its optimu how the producer would find the solution to the diagrams, she producer would have to go throu onal three phases that t solution, [Marks 3] ‘ol is currently considering an increase in [Marks 3] [Marks 4]IM. unrecite ster sears fRreihT Indian Institute of Management Shillong MID-TERM EXAMINATION ProgramName | PGP ‘Academie Vear/ Term | 2024-22/ term Course Name Statistics for Decision Making [TotalMarks | 20, Time. Thour Instructions: [Open Book [No | Open Laptop | Yes | Internet Access | No | Calculator [ves] Other informatior au. Attempt all questions You may keep one AA size paper (with your name ond enrollment number on it) and you can write whatever you wish to. You are not supposed to share that sheet with anyone. Write your answers in clean and clear handwriting No queries will be entertained during the exam. Please mention explicitly any assumptions that you make while answering the question paper. Ifyou find any discrepancy in any question, then please write down the discrepancy in clean and clear honduriting mentioning the question number properly in a separate sheet, and submit it along with your answer script. Give one Industry APPLICATION each for Frequency Polygons, Ogives, Box Plot and, Stem- [Marks 6] and-Leaf Plot. ‘A restaurant manager is interested in taking a more statistical approach to predicting [Marks 7] customer load. She begins the process by gathering data. One of the restaurant hostesses is assigned to count customers every five minutes from 7 P.M. until 8 P.M every Saturday night for three weeks. The data are shown here. After the data are gathered, the manager computes lambda using the data from all three weeks as one.a3. Number of Arrivals } 1 5 6 2 3 4 4 5 6 0 3 2 2 5 3 6 4 1 5 7 5 ‘ 3 1 2 4 o 5 8 3 3 1 3 __+ _+__ 31 ob ra Answer the following: ‘2. What is the probability that no customers arrive during any given five-minute interval? b. What is the probability that six or more customers arrive during any given five- minute interval? ‘Atlas Sporting Goods has implemented a special trade promotion for its consumer, Atlas knows that before the promotion began, the average retail price of the stove was $44.95, sand the standard deviation was $5.75. Atlas samples 35 of ts retailers after the promotion begins and finds the mean price for the stoves is now $42.95. Estimate a Confidence Interval of 95% for the mean of the post-promotion retail price based on the pre- promotion mean and standard deviation. [Marks 7]11M. ude wee sear Rretier Indian Institute of Management Shillong MID-TERM EXAMINATION ProgramName | PGP ‘Academic Year/ Term | 1 4 Course Code €OH121101 | Course Name Self and Group Dynamics Total Marks 20 Time [ahr - _ Instructions: Ql. Asa Chief Learning Officer, design a leadership development programme for the a2. No | Internet Access | No | Calculator | No | Open Book | No | Open Laptop Other Information: A. Attempt all questions. B. You are free to make assumptions, state it clearly. Assumptions carry marks CXL [Marks 10] prospective leaders in your organization. Keep in mind the personality characteristics of ‘Various learners and the learning style preferences of different individual employees. Since the firm is undergoing significant transformation and senior sponsorship was strong, it was agreed that the leadership development programme for people management would be totally managed internally, with no external consultants or training agencies employed. If ‘assumptions about the situation, please mention them in your response. you have any Please provide: (A) Best delivery Methods (8) Set of activities that can be offered that support aspects of learning cycle (C) Desired outcomes ‘As the Chief Learning Officer, justify how the personality-job-fit theory can help to make [Marks 10] this leadership development programme sustainable. Also, justify the sustainability of the ities, and desired outcomes. proposed delivery methods, actiuM ure ode sear rer Indian Institute of Management Shillong MID-TERM EXAMINATION [ProgramName | PGP | Academic Year/ Term | 2022-23/1 __ Course Code CMK120101 | Course Name ‘Marketing Management Total Marks 0 Time aur Instructions: Open Book | Yes | Open taptop | No | Internet Access | No | Calculator | No | Other information: A. Attempt all questions. B. All the best! Read the case and answer the given questions below the case. With the Grand Vitara, its first mid-size SUV for I 5 Maruti Suzuki just opened another front in its long- drawn kitna deti hai campaign. It also offered a sneak peek into what the market should expect from India’s number one carmaker in the years to come. While many existing Maruti models like the Ertiga, XL6, S-Cross, Brezza, and Ciaz come strapped with a mild- hybrid technology, the Grand Vitara will be the first from the company stable to offer a (strong) intelligent electric hybrid variant. The technology is borrowed from Toyota under the Suzuki-Toyota global partnership. ‘And it’s not a one-off product display. It was evident from what the company’s managing director and CEO Hisashi Takeuchi had to say at the event: “The Grand Vitara is not just one model, but a range of SUV variants. fo match our customers’ style and requirements. The Vitara is an important step in our journey towards yn neutrality and we debut with the strong hybrid technology with this model.” i. But why is Maruti Suzuki placing its bets on hybrid technology when the whole world is putting its force behind electric vehicles (EVs)? In fact, passenger-car manufacturers globally are targeting to shift to 100% electrification in the next 15-20 years, with some automakers looking to go fully electric by as early as 2030. Many European countries have announced a complete ban on internal combustion engine (ICE) vehicles in future.) The rationale behind Maruti’s hybrid drive Shashank Srivastava, senior executive director-sales and marketing. at Maruti Suzuki India, explains that the EV ecosystem (for instance, the public-charging infrastructure) still needs to be developed in India. “Till that time, hybrid is a great aption for the environment. Its fuel efficient, delivers performance, and [results in] lower emissions,” he points out.@rimary emission reduction, according to him, is almost 7% in a strong hybrid.) “Hybrids is a good solution for developing markets where cost and efficiency is the key and will remain parallel to EVs in selective (but extremely huge) markets,” Prajyot Sathe, research manager - mobility at research firm Frost & Sullivan India thinks likewise. Cv Raman, chief technology officer at Maruti Suzuki says the company will be competitive in the hybrid segment. “It is a technology that will draw people to adopt it and provide a path towards mass electrificatior‘0 zero-emission vehicles, says Avik tegy consultancy. “Having the right wneration and charging] are key n realities which may as a sustainable evolution t ‘a branding and marketing-stra! astructure [for electricity Be" will have to oper adds. ‘Maruti Suzuki is focusing on strong hyt Chattopadhyay, co-founder Expereal India, ‘operating standards/regulations and adequate infr prerequisites for zero emission mobility. When in ind not be in tandem with what is happening in Europe,” he HEV, the first car in the mainstré the second model to spo! in May 2022, Honda launched City e eam segment equipped with the strong ; i a hybrid electric technology. Grand Vitara is sport a 15 litre intelligent electric hybrid wt '@>_ system. MG's Hector Plus and Ma&M's TUV300 Plus offer mild hybrid options: x [the Grand Vitara comes in three variants — All Grip, mild hybrid, and strong hybrid. At present, hybrid cars constitute 10.5% of Maruti's product basket, with a 90% share of the market. Last year, Maruti sold 136,500 init is confident about doubling this ot nite of mild-hybrid models in a market of 150,000 units and Srivastave is number in the current fiscal. } Cars Gaz [prema [S-Cross_ x6 [Totar | Hybrid Passenger vehicles | 15900 | 5100 | 21000 [a 39000 1,36,500 Sales Units (FY2022) ‘ature a self-charging hybrid technology. “We have always ‘ds electrification and reducing carbon footprint. A iod of time; it has a battery bigger than the mild (For the first time, a Maruti Suzuki vehicle will fe © been looking at 2 technology-agnostic approach towar strong hybrid can also run on electric mode for a certain peri hybrid but not as big as an EV,” elaborates Raman. ching between electric mode and ICE delivering a 35% higher fuel rt hybrid as well as a gasoline vehicle. While Maruti’s mild-hybrid the strong hybrid (armed with two electric motors and (Maruti says the strong hybrid will keep swit efficiency compared to the progressive sma > models deliver a mileage of 21.1km per litre (kmpl), an ICE) should clock 27.97 kmpl, delivering a range of 1,200km on a full tank of fuel "We can get better mileage and better range that can reduce the petrol bill” explains Raman. ‘The road to EVs via hybrids The transition from mild to strong hybrid, and plug-in hybrid to EVs is happening across the globe. So far, no cone company has reached full electrification in large numbers. Different technologies, including hybrids, are being roped in to reduce CO2 emissions, especially in Europe. the plug-in hybrid uses a larger battery that can be charged, )But Maruti Suzuki does not plan to make any plug-in hybrids in india. Rather its strategy is to switch from strong hybrids to EVs three years down the line. ‘To that extent, Suzuki Motor Corporation's plan to invest INR 10,445 crore for making EVs at its Gujarat plant (by 2025) and setting up a facility for manufacturing EV batteries (by 2026) stays on course, _ (Maruti is aware of the fact that India is a price-sensitive market and that EVs have a high acquisition cost — dlectrc components are costy, though maintenance is lower ~ compared to a hybrid vehicle. EVs require @ B ‘much larger battery to power the vehicle than hybrids. They also require a well-developed charging network. Q ‘An EV needs at least six-eight hours to get fully charged. * In comparison, the battery of a strong hybrid vehicle recharges on the go through regenerative energy. And the gasoline engine always pitches in as a back-up. “Considering all these factors, we believe a strong fbi isa very good intermediate step before the acceptance of EVs comes in,” says Srivastava of Maruti oe Ht i v uki. Hesays 6% of the vehicle market globally con ile EVs are currently just 2% of the market Globally automakers are movi 7 aa lobaly automakers are moving to electrification based on the markets, generated is through nuclear sources, So, in Europe, most ofthe electricity Expereal. source's cleaner than coal generation, says Chattopadhyay from To be i re : = ue es attract a smaller 5% GST in India. No such leeway is available for hybrids, “There is a lobby King on it but nothing much has happened so far” says Arun Malhotra, an auto-industry expert. Accordin to him, a lower tax structure is necessary to boost hi " , 'ybrid sales. In many countries in Europe (like Sweden) both hybrids and EVs are popular as there is a lower taxation slab on hybrid cars compared to petrol and diesel. But in India, only EVs have been incentivised by the government so far. Malhotra, however, believes strong hybrid willelp Marutimeet ower emission norms under the Corporate Average Fuel Efficiency 2 (CAFE 2) regulations to a great extent. ) Since CAFE 2 kicked off in April 2022, Maruti Suzuki appears to be adding various technologies into its product lineup to reduce the average corporate C02 calculation. “The most selling automaker in India seems to have ‘the most difficulty in managing the average corporate CO? value. Therefore, the implementation ofthe strong hybrid, and battery electric vehicle will help it receive super credits on average corporate CO2 reduction factors,” says Patcharaphon Wongwetsawat, senior analyst at automotive-forecasting firm LMC Automotive. — Shashank Srivastava, senior executive director-sales and marketing, Maruti Suzuki The road ahead ‘According to Rajat Mahajan, partner at Deloitte India, EVs in the recent past have been outselling hybrids in some markets (China and parts.of EU), though hybrids still have a sizeable market mainly in North America, Japan, and some parts of Europe. “We are seeing a change in trend due to government push and aggressive " _sfrategies from pure EV automakers. In markets like China and India which are still two: ill easily surpass hybrids since hybrid Two-wheelers are not viable,” he adds, Aso cer jes south K 2 nt a complete ban on ICE vehicles, fil I push the automakers to start considering the shift to EVs rather than hybrids. “The overall global Tket was pegged at USD350 billion in 2021 and in future the biggest contributor will be passenger pace. The mild-hybrid market was pegged at USD70 billion in 2021 with Asia-Pacific expected to test growing market followed by North America with a CAGR of 7% during 2020-25,” elaborates s like Toyota, Nissan, Honda, and BYD are working on growth plans for hybrid vehicles, says - e focus of automakers in Japan and Europe, whileHybrids are an excellent choice for a country like India with mixed mobility solutions and applications across ‘economic strata. Just like Maruti Suzuki had once taken the task of making CNG mainstream with comp following later, the same might happen tion hybrids, feels Chattopadhyay from Expereal. “~ (4) ptoary - With Toyota and Honda also pus! ig the case for hybrids as the best transitional solution to zero-emission ‘mobility, the adoption should be quicker and across all passenger-vehicle segments. For the next five-seven years, the adoption of hybrids in India could be far more than EVs as the former is an affordable option. The mass adoption of EVs in India will only happen when the consumer is sure about the public-charging infrastructure. Ql. | Explain in detail how understanding the various steps of consumer buying decision | [ Marks 10] || making process in terms of hybrid/electric vehicle purchase will help Maruti Suzuki. Q2. | Design a market research process for Maruti Suzuki to identify key drivers and bai [Marks 10] to the adoption of hybrid/electric vehicles in India. List down possible questions that can be asked to the consumers,