Invested Rs200000 in a fixed deposit account

29 Mar

Financial Accounting & Analysis

 

1. For the following transactions, analyze the accounting transactions using the accounting equation framework:

  1. Introduced Rs500000 through a cheque by the Owner as the Initial capital in the business
  2. Purchased goods on credit from Ms. Ritu at Rs 40000
  3. Paid Rs 10000 as salary to the employees
  4. Invested Rs200000 in a fixed deposit account
  5. Paid school fees of the kid Rs 25000, from the business’s bank account.

Note: (2*5 = 10 marks) 1 marks for analyzing each transaction and 1 mark for correct journal entry

2. You started learning the course of financial accounting and analysis in the MBA Program. You learned about commonly used accounting terms. Discuss about any five terms which are commonly used by the different users of accounting information for the sake of understanding the financial statements.

Student may define and describe about any five terms.

3. From the given information:

Amount in Lakhs
Cost of goods sold 580
Opening stock 40
Closing stock 70
Creditors at the beginning of the year 60
Creditors at the end of the year 100
Cash purchases 45
Original cost of equipment sold 400
Gain on the equipment sold 50
Accumulated depreciation on the equipment 80

 

Calculate:

a. Total purchases, credit purchases and payment to creditors.

b. Define the term Net book value; Accumulated depreciation calculate the net book value and cash proceeds from sale of investment.

 

Marketing Management

 

1. Italiano is a popular restaurant in the Vile Parle area of Mumbai. The lockdown and subsequent Covid restrictions force the restaurant to shut shop. The owner Mr Ranjeet Sharma is also the main chef of the restaurant decided to start operations from home and use the apps of Zomato and Swiggy to run the place as a cloud kitchen. The business not only survived but became a profitable venture. The recent lifting of restrictions as put Mr Sharma in a quandary, should he now re- rent restaurant space at a very expensive rental value or should he continue to run it as a cloud kitchen. He has approached you, a marketing consultant for advice on devising a plan of action. What would you advise? Create a plan of action for the business. Create a communication plan. Create a consumer outreach plan.

2. You are the marketing director of Football Federation of India. Soccer as a sport although very interesting is not a popular audience sport in India. How would you generate consumer interest in Football? Create a marketing plan for making Football as a consumer sport using the marketing mix principles.

3. You are the marketing director for Super max theatre chain. You want to build a footprint for the chain across India. Before the commercial launch of the service, you want a better orientation of consumer expectations.

a. Plan a research program with clearly defined target groups, geographies, demographics you shall plan your research project.

b. Create a 10-question survey questionnaire.

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