Date: 11.10.

20

AHSANULLAH UNIVERSITY OF SCIENCE AND TECHNOLOGY

Department of Arts and Sciences
Program: B.Sc. in Mechanical Engineering
Semester Final Examination, Fall-2019

Year: First Course No: HUM 1207

Semester: Second Course Name: Sociology and Accounting

Instructions: i) Answer script should be hand written and should be written in A4 white paper.

You must submit the hard copy of this answer script to the Department when the
university reopens.

ii) Write down Student ID, Course number, and put your signature on top of every
single page of the answer script

iii) Write down page number at the bottom of every page of the answer script.

iv) Upload the scan copy of your answer script in PDF format at the respective site of
the course at google classroom using institutional email within the allocated time.
Uploading clear and readable scan copy is your responsibility and must be covered
the full page of your answer script.

v) You must avoid plagiarism, maintain academic integrity, and ethics. You are
not allowed to take any help from another individual and if taken so can result in
stern disciplinary actions from the university authority

vi) Marks allotted are indicated in the right margin

vii) Necessary charts/tables are attached at the end of the question paper

viii) Assume any reasonable data if needed

ix) Symbols and characters have their usual meaning

 Part-A
Time: 2(Two) hours Full marks: 40

Use separate answer script for each section

SECTION-1: SOCIOLOGY (Marks:20)

Instructions: i) Before uploading rename the PDF file as

CourseNo_StudentID_PartNo_SectionNo
e.g. Math2207_180107001_partA_section1.pdf

ii) There are 3 (Three) Questions, Answer any 2 (Two).

Question 1. [Marks: 10]

a) Differentiate between pre-industrial and industrial societies with examples. [3]

b) Define social stratification system. Critically explain the ways in which functionalist, [7]
conflict and symbolic interactionist perspectives perceive stratification system.

Question 2. [Marks: 10]

a) Discuss about the stages of family. [3]
b) Explain the steps by which we can ensure effective measures to minimize corruption based [7]
on social policy and planning in health sector of Bangladesh.

Question 3. [Marks: 10]

a) Among various types of states in which typology does Bangladesh belong? Logically [4]
exemplify your perception.
b) Critically discuss about Weber’s model of bureaucracy with the examples of bureaucratic [6]
system of Bangladesh.
 SECTION-2: Accounting (Marks:20)

Instructions: i) Before uploading rename the PDF file as

CourseNo_StudentID_PartNo_SectionNo
e.g. Math2207_180107001_partA_section2.pdf
ii) There are 3 (Three) Questions, Answer any 2 (Two)

Question 4. [Marks: 10]

The Tikatuli Theater is owned by Mithila Ali. All Facilities were completed on January 31, 2020. At [10]
this time the ledger showed: No 101 cash Taka TK 6000. No 141 land taka 10000, No.146 Buildings
(concession Stand, projection room, ticket booth, and screen) Taka 8000. No 157 Equipment Tk
6000. No 201 Accounts payable Tk 2000. No. 276 Mortgage payable TK 8000 and No.301 Mithila
Ali, capital 20000 Tk. During February the following transaction occurred.
Feb 2: Ordered two additional films at tk 1500 each
Feb 3: Made taka 3000 payment on mortgage and tk 1000 for accounts payable due.
Feb 4: Tikatuli Theater contracted with Bolaka Institute to operate the concession receipts. Bolaka is
to pay 17% of gross concession receipts (payable monthly) for the right to operate the concession
Stand.
Feb 9: Received one of the films to order on February 2 was billed Taka. The film will be shown in
February.
Feb 10: Purchased Theater supplies on credit 1500.
Feb 11: Receive a credit memorandum for unsatisfactory theater supplies purchased on feb 10 and
returned for credit taka 500.
Feb 17: Received state from Bolaka showing gross concession receipts of tk 1000 and the balance
due to Tikatuli Theater of taka 170 (Tk 1000*17%) for February Bolaka paid one half of the balance
due and will remit the remainder on march 5
Feb 20: Prepaid Tk. 900 rental on special film to be run in March 25
Feb 30: Cost of unused Supplies Taka 1000.
Instructions:
a. Record the transactions using appropriate journal.
b. Post them in appropriate accounts. (prepare only Cash, Purchase, Accounts payable, Rent
expense, Supplies Account)

Question 5. [Marks: 10]

a) Explain the Accounting principles and assumptions behind the following practice: [5]
i. “Accountants require to provide Adjusting entries for complete presentation of
Accounting information in Financial Statements.” Explain the accounting principles
working behind this practice.
ii. “Why Contributions from owner’s in business are considered as a liability for the
 firms?” Explain with relevant accounting assumptions

b) Prepare a trial balance with the following accounting items. [5]

Drawings 74,800; Purchases 295,700; Stock (31.12.2018) 30,000; Bills receivables 52,500; Capital
250,000; Furniture 33,000; Discount allowed 950; Sales 335,350; Rent 72,500; Sales return and
allowances 3,000; Freight 3,500; Printing charges 1,500; Sundry creditors 75,000; Mortgage
100,000; Insurance 2,700; Sundry expenses 21,000; Supplies (31.12.2019) 5,000; Discount received
1,000; Bank loan 120,000; Stock (31.12.2019) 17,000; Income tax 9,500; Machinery 215,400; Bills
payable 31,700; 12% Investment (1.09.2019) 8,000; Sales discounts 2,000; Supplies (01.01.2019)
3,500.

Question 6. [Marks: 10]

a) “Break Even analysis is of limited use to management because a company can not survive by just [3]
breaking even.” Do you agree? Explain

b) You have been hired as an analyst for Mellon Bank and your team is working on an independent [7]
assessment of Daffy Duck Food Inc. (DDF Inc.) DDF Inc. is a firm that specializes in the production
of freshly imported farm products from France. Your assistant has provided you with the following
data for Flipper Inc and their industry.

2019-

Ratio 2019 2018 2017 Industry

Average

Long-term debt 0.54 0.44 0.33 0.35

Inventory Turnover 62.65 32.42 42.25 53.25

Depreciation/Total Assets 0.35 0.024 0.038 0.015

Days’ sales in receivables 94 98 113 130.25

Debt to Equity 0.75 0.85 0.90 0.88

Profit Margin 0.06 0.082 0.07 0.075

Total Asset Turnover 0.54 0.65 0.70 0.40

Quick Ratio 1.028 1.03 1.029 1.031

Current Ratio 1.21 1.32 1.55 1.25

Times Interest Earned 0.9 4.375 4.45 4.65

Equity Multiplier 2.75 1.85 1.90 1.88

a. In the annual report to the shareholders, the CEO of Flipper Inc wrote, “2017 was a good year
for the firm with respect to our ability to meet our short-term obligations. We had higher
liquidity largely due to an increase in highly liquid current assets (cash, account receivables and
short-term marketable securities).” Is the CEO correct? Explain and use only relevant
information in your analysis.

b. What can you say about the firm's asset management? Be as complete as possible given the
above information, but do not use any irrelevant information.

c. You are asked to provide the shareholders with an assessment of the firm's solvency and
leverage. Be as complete as possible given the above information, but do not use any irrelevant
information.
 Part-B (Open book exam)
Submission deadline: Next day 6.30 pm Full marks: 20

Use separate answer script for each section

SECTION-1: SOCIOLOGY (Marks:10)

Instructions: i) Before uploading rename the PDF file as

CourseNo_StudentID_PartNo_SectionNo

e.g. Math2207_180107001_partB_section1.pdf

ii) Answer all the Questions

Question 1. [Marks: 10]

a) Explain the connection between culture and society. [3]

b) Comparatively describe the changing scenario of Bangladeshi culture from pre-industrial to [7]
industrial society.
 SECTION-2: Accounting (Marks: 10)
Instructions: i) Before uploading rename the PDF file as
CourseNo_StudentID_PartNo_SectionNo
e.g. Math2207_180107001_partB_section2.pdf
ii) Answer all the Questions

Question 2. [Marks: 10]

The condensed income statement for the Terri and Jerri partnership for 2010 is as follows.
TERRI AND JERRI COMPANY [10]
Income Statement
For the Year Ended December 31, 2010
Sales (200,000 units) $1,200,000
Cost of goods sold 800,000

Gross Profit 400,000

Operating expenses
Selling $280,000
Administrative 160,000
440,000
Net Loss ($40,000)

A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 50% of the selling
expenses are variable, and 25% of the administrative expenses are variable.
Instructions: (Round to nearest unit, dollar, and percentage, where necessary.)
(a) Compute the break-even point in total sales dollars and in units for 2010.
(b) Terri has proposed a plan to get the partnership “out of the red” and improve its profitability. She feels
that the quality of the product could be substantially improved by spending $0.25 more per unit on better
raw materials. The selling price per unit could be increased to only $6.25 because of competitive
pressures. Terri estimates that sales volume will increase by 30%. What effect would Terri’s plan have on
the profits and the break-even point in dollars of the partnership? (Round the contribution margin ratio to
two decimal places.)
(c) Jerri was a marketing major in college. She believes that sales volume can be increased only by
intensive advertising and promotional campaigns. She therefore proposed the following plan as an
alternative to Terri’s. (1) Increase variable selling expenses to $0.79 per unit, (2) lower the selling price
per unit by $0.30, and (3) increase fixed selling expenses by $35,000. Jerri quoted an old marketing
research report that said that sales volume would increase by 60% if these changes were made. What
effect would Jerri’s plan have on the profits and the break-even point in dollars of the partnership?
(d) Which plan should be accepted? Explain your answer