JNTUA MCA 1st Sem last 10 year 2010-2020 Previous Question Papers (JNTU Anantapur)
Code: 9FHS103
MCA | Semester Supplementary Examinations August 2014
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ACCOUNTING & FINANCIAL MANAGEMENT
(For students admitted in 2009, 2010, 2011, 2012 & 2013 only)
Time: 3 hours Max. Marks: 60
Answer any FIVE questions
All questions carry equal marks
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- (a) Define accounting and give the main attributes of accounting.
(b) Explain the main objectives and functions of accounting. - “Accounting equation is true under all circumstances”. Justify this statement with the help of five illustrations.
- Define operating and financial leverage. How can you measure the degree of operating and financial leverage? Illustrate with an example.
- Distinguish between the weighted average cost of capital and the marginal cost of capital. Which one should be used in capital budgeting and valuation of the firm? Why?
- With the help of the following ratio’s regarding Sarath & Company, draw the balance sheet of the company for the year 2007.
Current ratio 2.5
Liquidity ratio 1.5
Networking capital 3,00,000
Stock turnover ratio 6 times--- Content provided by FirstRanker.com ---
Gross profit ratio 20%
Fixed assets turnover ratio 2 times
Debit collection period 2 months
Fixed assets to shareholders net worth 0.80
Reserves and surplus to capital 0.50 - Explain the role of non - current assets and non - current liabilities in the generation of cash.
- In 2006, Srikanth Ltd., sold its products worth Rs 40 lakhs and made a profit of Rs 4 lakhs. But in 2007, the sales dipped to Rs 30 lakhs due to competition in the market and the profit is reduced to 3 lakhs. Calculate break even points and profit volume ratios in 2006 and 2007.
- Under what circumstances do the net present value and internal rate of return methods differ? Which method would you prefer and why?
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