Rising food prices Free Essays

The economic and political ramifications of rising oil prices are astounding. It is interesting how far they reach, and also how deeply dependent countries are on this commodity. It shows that the extent to which oil might be considered fundamental is a significant one, given its impact on the most basic human need: food. We will write a custom essay sample on Rising food prices or any similar topic only for you Order Now The economics of oil demonstrates itself as being perhaps the most intricate of all commodities, as it has the ability to affect not just the economy of its suppliers by also the economy of the entire world. The idea that food (or the lack thereof) can stir national conflict does not appear to be very far-fetched. However, the connection that food has to oil prices certainly places oil (as a commodity) in a much higher place than it perhaps should be. Oil is usually considered closely connected to such non-essential (yet highly used) commodities as gasoline and by extension motor vehicles. The importance of oil on the world market may for this reason have been considered an enigma. However, this connection that it has to food makes it understandable why the demand for oil is so inexorably high (Whitelaw, 2008). Of concern is the realization that the rising food costs have also been affecting the ability of the United Nations’ food aid agency and other philanthropic organizations to provide food for the economically struggling countries. The international aspect of the rising prices may spell doom for certain countries that have benefited from such aid in the past. More frightening is that fact that it may also create further shortages in areas that before had needed no aid, and it has been affecting the chances for relief possessed by refugees fleeing famine in their own countries (Whitelaw, 2008). These implications make it more exigent that alternative energy sources be sought. It may end up being more economical to spend millions on research that will result in a more sustainable form of energy. The prospect of oil depletion in the coming years is clearly not the only problem humans now face in regard to concentration upon this particular energy source. More immediate effects resulting in economic and political tension are clearly serious consequences of humans’ dependence on oil. Reference Whitelaw, K. (2008). â€Å"The dangers from rising food prices: costlier commodities could trigger   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   unrest in poor countries and may curtail food aid to refugees.† U.S. News World Report.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   New York. Available How to cite Rising food prices, Essay examples

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Question Paper Essay COMMON GUIDELINES FOR MODEL QUESTION PAPER PATTERN In view of current challenges in imbibing quality in MBA education, the following changes are proposed by the Board of Examination in the Evaluation pattern of I Semester MBA from Jan/Feb 2012 examination on wards. Construct of Question Paper All 8 Modules should be given importance and questions need to be jumbled from all modules. No question should be set from practical component part of the syllabus. Theory based courses Subjects Knowledge based questions 1. Any 3 questions to be answered by setting 6 questions. 2. All modules must be given equal importance 12MBA11, 12MBA12,12MBA15 and 12MBA16 Q1- 3 + 7 +10 Q2- 3 + 7 +10 Q3- 3 + 7 +10 Q4- 5+5+10 Q5- 5+5+10 Q6- 5+15 or 10+10 Note: In 12 MBA 12, : One full question (all parts) consisting of simple problems from Mod 3 (Except Demand forecasting) and Mod 8 only to be set. Q7- a. b. c. d. 5X4 = 20 marks Q8. a. Theoretical model for analyzing case b. Sub question 1 c. Sub question 2 d. Sub question 3 5X4=20 Marks Theory+ Problem based courses (40% Theory + 60% Problems) 12MBA13 12MBA14 Q1- 3 + 7 +10 Q2- 3 + 7 +10 Q3- 3 + 7 +10 Q4- 5+5+10 Q5- 5+5+10 Q6- 5+15 or 10+10 Note: One full question (all parts) must be full of theory only Skill based questions 1. One question Compulsory 2. Equal importance must be given for all modules Ability based question(s) Case let Compulsory Q7- a. b. c. d. 5X4 = 20 marks Q8. 10+10 or 5+15 or 5X4=20 Problem and / or theory combination. Content of Question Paper Part-A: Knowledge based questions (Q1 to Q6 Answer any 3) A. Mark questions Short questions which demand answer not more than a paragraph and which test the understanding of concept of the contents prescribed in the syllabus. Answering this should not take more than 4 minutes by an average student. B. 5 Marks questionsSemi-descriptive questions which demand answer not more than two paragraphs and which test the understanding of concept and / or scope of the concept or short pro blem. Answering this should not take more than 7 minutes by an average student. C. Marks questionsDescriptive questions which demand answer not more than 0ne page which test the understanding of the scope and description of the contents or moderate problem of the syllabus. Answering this should not take more than 10 minutes by an average student. D. 10 Marks questionsEssay questions which demand answer not more than 3 pages which test the understanding of concept with practical illustrations of the contents or long problem of the syllabus. Answering this should not take more than 15 minutes by an average student. E. 5 Marks questionsNarrative Essay question which demands answer not more 4 pages which test the narrative ability of student related to the concept and its scope with practical illustrations or a very lengthy problem of the syllabus. Answering this should not take more than 22 minutes by an average student. Part-B: Skill based questions (Q7 Compulsory) 5 Marks X 4 Questio nsThis question tests the degree of skill acquired by the student in the subject area of prescribed syllabus. This should cover the application part of the contents of the syllabus. Answering this should not take more than 30 minutes by an average student. We will write a custom essay sample on Question Paper specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Question Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Question Paper specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Part-C: Ability based questions (Q8 Compulsory) 5 Marks Question – This question is to test the selection of theoretical model used in case analysis. 5MarksX3 Questions – These questions are to test ability acquired by the Students to analyze the case and to provide the trivial solutions to the case situation. Answering this should not take more than 30 minutes by an average student. Note: Refer Question Bank and model question paper(s) for more clarity. 12MBA11 MANAGING THE ORGANISATION Model Skill based questions 1. †An employee is dissatisfied as he was reporting to two bosses†. ow do you solve this problem? -Fayal’s Principles 2. â€Å"An Honest individual is made in charge of marketing department. In due course he developed negative job efficacy† how do you address this problem? -Role disability 3. In the sky the clouds take the different shapes of imagination. Why? Perception 4. Sham got his double increment in salary of Jan 2012. His mot ivational graph turned down by July 2012 after settling his proposed budget for that month. Describe why? Maslow’s 5. â€Å"Defense people are more effective than civilian† substantiate-Leadership style 6. Modern Indian management is more powerful rather than traditional† SubstantiateTheory X and Theory Y 7. â€Å"The out punch time of a boss will be first out punch in an organization† Substantiate. — Organization Culture 8. â€Å"While reworking the defective product, more mistakes will happen† Substantiate. Work stress 9. â€Å"The CEO is thinking of uniformity of production, where as the marketing executive focus for high production to match the demand† Who is correct? Why? Strategic and operational decision making Managing Organisations-12MBA11 Model Question paper PART- A Answer any three full questions 1 (a) Define Personality. b) What are the different types of Control? Give an example for each. (c) Explain the managerial roles expected by modern organizations. 2. (a) What is empowerment? (b) Differentiate between groups and teams. (c) Explain the personality attributes influencing OB. 3. (a) What is Esprit de Corps? (b) â€Å"Planning and Controlling are inseparable†. Comment (c ) Explain the perceptual process with suitable examples 4. (a) What is an ideal span of control? Why? (5marks) (5 marks) (3 marks) (7 marks) (10 marks) (3 marks) (7 marks) (10 marks) (3 marks) (7 marks) (10 marks) b) â€Å"Too many controls in an organization declines creativity†. Comment. ( C) An employee is extremely productive, but has been showing signs of work stress and is facing problems adapting to organization culture. As a manager how would you handle this employee? (10 marks) 5. (a )State the techniques used in decision making? Which technique will you adopt? (5 marks) (b) Write a note on contribution of Peter F Drucker to the evolution of management thought. (5 marks) (C)State the different types of orga nization structures in use? Explain any one 6. (a) What are the dimensions of emotional intelligence ? b) State any five principles of Henry Fayal. (c ) Explain the role of emotions in the formation of attitude . (10 marks) (5 marks) (5 marks) (10 marks) PART- B ( compulsory) 4X5 Marks=20 7. (a). Abnormal features always have long perceptivity. Why? (b) Setting objective in advance and chasing is good for Individual and organization. Substantiate (c) It has often been stated that most work within an organization is done informally. Comment (d) In modern organization, the employee and employer relationship is mandatory. However, the conflicts arise. How do you resolve this? 8. Case Study PART- C (compulsory) Mr. Ranjan Kumar is the Managing Director of a soap manufacturing company. To increase sales, the Board of Directors wanted to start a full fledged marketing department; Mr. Kumar is entrusted with the task of finding a suitable candidate to head the proposed marketing department. After considering a number of candidates, he has narrowed down his choice to two persons: Vishwanath Dutt and Rajnarain. Mr. Vishwanath Dutt has excellent track record in the company. During his fruitful association with the company, to be precise 10 years, he has always shown a high degree of enthusiasm and initiative in his work. He is still young (35 years) dynamic and aggressive. He is result oriented and he is more interested in ends rather than means. One of the workers testifying his leadership quality remarked thus: â€Å"Though he is harsh at times you will know where you stand when you work with him. When you have done a good job, he lets you know it†. Mr. Dutt is willing to shoulder additional responsibilities. He decides things quickly and when action is required. He is „always on his toes?. During his fifteen years tenure in the company, Mr. Rajnarain has endeared himself to all his colleagues by his superior workman ship and pleasing manners. He always believes in the principle of employee participation in the decision making process. Unlike Mr. Dutt, he encourages his subordinates to come out with innovative ideas and useful suggestions. Before arriving at a decision he always makes it a point to consult his subordinate. Not surprisingly, all his subordinates are very pleased to work under him and praise his leadership qualities. Company records also bear evidence for the increase in the production soon after Rajnarain became the head of his department. Questions: a. b. c. d. (5X4=20 marks) State the theoretical model used to analyze this case. Analyze the leadership qualities and styles of Mr. Dutt. Analyse the leadership qualities and styles of Mr. Rajnarain. Whom do you recommend for the position of marketing manager? Why? 12MBA12-Managerial Economics Some Skill Based Sample Questions and Problems 1. Prospective car buyers are sometimes confronted by sales representatives who argue that they can offer a vehicle that is Honda Civic as good as a BMW, but at one-half the price. Use the indifference concept to explain why the claims of the sales representative are not credible. 2. Following a price change for Diet Coke, explain how retailers use sales information to learn if Lays snack chips represent a complement or substitute for Diet Coke. 3. During the past 40 years the average price of a new single-family home has risen by a factor of ten, making the cost of housing prohibitive for many Indians. Over the same time frame, however, the number of units sold per year has more than doubled. Are these data inconsistent with the idea of a downward-sloping demand curve for new housing? 4. What would an upward-sloping demand curve imply about the marginal utility derived from consumption? Why arent upward sloping demand curves observed in the real world? 5. Forecasting the success of new product introductions is difficult. Describe some of the economic factors that a firm might consider in forecasting sales for a new tooth paste. 6. Individual consumer demand declines for inferior goods as personal income increases because consumers replace them with more desirable alternatives. Is an inverse relation between demand and national income likely for such products? 7. The price a firm receives for its product is Rs. 50 per unit. Its total cost function is 8000 + 10Q. At what quantity do total costs equal total revenues? 8. KSRTC (Volvo Service) have a capacity to carry a maximum of 10,000 passengers per month from Bangalore to Hyderabad at a fare of Rs. 600. Variable costs are Rs. 100 per passenger and fixed costs are Rs. 30,000 per month. How many passengers should be carried per month to break even? 9. Suppose you are a sales manager of an organization. Explain how the analysis of demand contributes to business decision making, in the light of the responsibilities of a managerial economist/sales manager 10. Mr. Balakrishnan, the research manager for marketing at the Maruti Udyog Limited has specified the following demand function for Maruti Alto K10 in India: Qm= f (Pm,N,I,PH,PG,A P1) Where Qm, is the quantity demanded of Maruti Alto K10 per year, Pm is the price of Maruti Alto K10, N is population, I is the disposable income, PH is price of Hyundai, PG is price of gasoline, A is the amount of advertisement on Maruti Alto K10 and P1 is credit incentive to purchase Maruti Alto K10. Indicate whether you expect each independent or explanatory variable to be directly or inversely related to the quantity demanded of Maruti Alto K10 and the reason for your expectation. 11. Construct a hypothetical cost schedule and bring out the cost output relationships in the short run between output and TC, TFC, TVC, AC, AFC, AVC 12. The demand function for Pepsi in Bangalore city is Q=400-4P Where, Q=Quantity demanded of Pepsi (in „000 bottles per week), P=Price of Pepsi per bottle, Construct a demand curve assuming price Rs. 10, 12, 15, 20 and 25 per bottle 13. A firm manufactures cars at its plant in India. At a capacity of 100 cars per week it knows that it has an assembly cost of Rs. 5,000 per car. It needs to expand production and does a series of design and cost exercises. The results are summarized below. 12MBA12 MANAGERIAL ECONOMICS Time: 3 Hours All Questions carry equal marks MODEL PAPER Max Marks: 100 Part- A Answer Any Three questions 1. a. Define Managerial economics 3 Marks b. Suppose you are a sales manager of an organization. Explain how the analysis of demand contributes to business decision making, in the light of the responsibilities of a sales manager. 7 Marks c. What conditions are necessary before price discrimination is both possible and profitable? Why does price discrimination result in higher profits? 10 Marks 2. a. What is marginal cost? Marks b. Mention the salient features of long run average cost curve. What is its significance in managerial decision making? 7 Marks c. â€Å"Price leadership is an alternative co-operative method used to avoid tough competition†. Comment 10 Marks 3. a. What is Kink Demand Curve? 3 marks b. Critically examine the Cyert and March behavioral theory of the firm. 7 Marks c. What is production f unction? How does a long run production function is different from a short run production function? 10 Marks 4. a. â€Å"Managerial economics bridges the gap between economic theory and business practice†. Discuss 5 Marks b. Discuss the types of cartels with suitable examples from India 5 Marks c. Describe why Long Run Average Cost (LAC) curve is called as Planning Curve and envelope curve. 10 Marks 5. a. State the Law of Supply. List the factors which determine the elasticity of supply. 5 Marks b. Discuss various cost concepts 5 Marks c. â€Å"It is believed that a firm under perfect competition is a price-taker and not a price maker† Explain with examples. 10 Marks 6. a. What is the basic objective of a firm? Distinguish between „Accounting Profit? and „Economic Profit? ith the help of an illustration. 5 Marks b. Profit is maximum when the difference between total revenue and total cost is the greatest. How is this equivalent to saying that profit is maximum when MR=MC? 10 Marks Part – B (Compulsory) 7. a. KSRTC (Volvo Service) have a capacity to carry a maximum of 10,000 passengers per month from Bangalore to Hyderabad at a fare of Rs. 600. Variable costs a re Rs. 100 per passenger and fixed costs are Rs. 30,000 per month. How many passengers should be carried per month to break even? 5 Marks b. Suppose you are a sales manager of an organization. Explain how the analysis of demand contributes to business decision making, in the light of the responsibilities of a managerial economist/sales manager 5 Marks c. Construct a hypothetical cost schedule and bring out the cost output relationships in the short run between output and TC, TFC, TVC, AC, AFC, AVC 5 Marks d. The demand function for Pepsi in Bangalore city is Q=400-4P where, Q=Quantity demanded of Pepsi (in „000 bottles per week), P=Price of Pepsi per bottle, Construct a demand curve assuming price Rs. 10, 12, 15, 20 and 25 per bottle 5 marks Part C (Compulsory) 8. Case Study 20 Marks The Times of India is one of the leading newspapers in India. In September 1972, it reduced its price from 45 paisa to 20 paisa per paper while the prices of its rivals remained unchanged. The number of news papers sold by TOI and its rivals was as follows: Paper August-1972 May-1973 3,55,000 5,18,000 TOI 10,24,000 9,93,000 Statesman 3,92,000 4,02,000 The Hindu 2,77,000 Hindustan Times 3,25,000 a. Analyze the case and summarize using appropriate concepts studied 5 Marks b. Based on the above information, find out the price elasticity of demand for TOI state whether it is elastic or inelastic. 5 Marks c. Whether the cross elasticity of demand between Statesman and TOI positive or Negative? 5 Marks d. Find possible reasons why demand for Hindustan Times decreased? 5 Marks Quantitative Methods – I (12MBA13) Model Skill based questions for Q 7 1. â€Å"Colgate toothpaste sales in Banashankari zone have dipped in last three weeks†. Design Research method for analyzing this. ( Management problem + Exploratory research+) 2. â€Å"The training effectiveness extended to employee has to be tested† suggest the type of research? Why? (Experimental research) 3. Define the target population for the research problem† Employee absenteeism† 4. Diesel price is hiked by 7 pm. On the same day by 9 pm news the opinion on hike has to be telecasted. Suggest the process of research design. (Non-probability sampling +Diesel vehicle owners + Interview technique) 5. The impact of Advertisement on sales is to be analyzed suggest the tools used. Why? ( Correlation) 6. The bus arriving at a terminal is to be forecasted. Suggest which method is used? Why? ( Probability) 7. The past sales records are available is it possible to forecast the future sales? How? ( Regression) 8. Is it possible to test the opinion given by the gender mix? How? ( Chi Square Test) 9. An opinion is collected between two strata employee on Dissatisfaction. How do you test the difference in opinion among the group and between the groups? Explain( Two way ANOVA) 10. In the research output the value of deficiency of data validation is 0. 25. Then how this value is calculated? ( Multi variate Regression( 1- R Square )= 0. 25 ) Quantitative Methods – I (12MBA13) Model Question Paper Duration: 180 Minutes Max Marks: 100 Part – A Answer any 3 questions 1. a) Differentiate management problem with research problem. b) State the Characteristics of good measurement c) State and explain the contents of report writing in detail. 3 M) (7 M) (10 M) 2 a) Define sampling? b) State the procedure of hypothesis testing. c) The sales and advertisement expenses of a firm is given below; Firm: Sales (Rs. Lakhs) 1 2 3 4 5 6 7 8 9 (3 M) (7 M) (10 M) 10 50 50 55 60 65 65 65 60 60 50 Expenses (Rs. Lakhs) 11 13 14 16 16 15 15 14 13 13 Calculate the co-efficient of correlation an d comment 3 a)Differentiate between census and survey. ( 3 M) b) The median and mode of the following wage distribution are known to be Rs. 33. 5 and 34. If the total number of workers is 230, find the missing frequencies. (7 M) Wages (in Rs) No. f workers 0-10 4 10-20 16 20-30 X1 30-40 X2 40-50 X3 50-60 6 60-70 4 c) The marks scored by set of students are given below; Marks (Economics) : 25 28 35 32 31 36 29 38 34 32 Marks (Statistics) : 43 46 49 41 36 32 31 30 33 39 (10 M) Construct the regression equations. Calculate the most likely mark in statisticswhen mark in economics is 30. 4 a). â€Å"After settlement the average weekly wage in a factory had increased from Rs 800 to Rs 1200 and the standard deviation has increased from Rs 100 to Rs 150. Comment on the uniformity of the wages before and after the settlement. 5 M) b). An aero plane flies around a square the sides of which measure 100 km each. The aero plane covers at a speed of 100km/hr the first side, at 200 km/hr the seco nd side, at 300 km/hr the third side and at 400 km/hr the forth side. What is the average speed of the aero plane around the square? (5 M) c). A company maintains two regional offices. It is interested in knowing whether or not there are significant differences in the proportions of smokers in two offices. In regional office A, a random sample of 70 employees was taken and it was found that 40 percent were smokers. In regional office B, a random sample of 100 employees indicated 55 as smokers. Is the difference between the proportions of smokers in the two regional offices significant? 5 a). State the steps carried out in ANOVA test b). Substantiate the power of literature review (5 M) (5 M) (10M) c). Three machines A, B and C produce respectively 60%, 30% and 10% of the total number of items of a factory. The percentages of defective output of these machines are respectively 2%, 3% and 4%. An item is selected at random and is found defective. Find the probability that the item was produced by machine C. 6 a). Differentiate between Liketr’s scale semantic differential scale. (5 M) b). An aero plane flies around a square the sides of which measure 100 km each. The aero plane covers at a speed of 100km/hr the first side, at 200 km/hr the second side, at 300 km/hr the third side and at 400 km/hr the forth side. What is the average speed of the aero plane around the square? (5 M) c). Find i) Inter quartile Range ii) Quartile deviation iii) Coefficient of Quartile deviation for the following distribution. (10M) Class Frequency 0-15 15-30 30-45 45-60 60-75 75-90 90-105 8 26 30 45 20 17 4 Part – B (Compulsory) 7 a). After applying the correlation test for the Variables Student performance with teacher performance the computed value for r is determined as 0. 9. Suggest your interpretation of results. (5M) b). In Z test, the table value is 1. 96 and computed value is 2. 0. State the result of Hypothesis. (5M) c). † Increase in sales is not due to only advertisements† Do you agree? What type of statistic test is to be applied in this case? (5M) d). The research involves sample of less than 30 . The analysis is done based on categorical data. To test the Hypothesis which type of test is required? Why? (5M) Part – C (Compulsory) 8 (a). Design a questionnaire to the research problem â€Å"Corporate Adaptability of New employee â€Å" (10 M) (b). The unemployment problem in India is increasing. In this background it is required to suggest the set of remedial measure to reduce the problem. Suggest a research Design for this problem. (10 M) Accounting For Management (12MBA14) Skill Based Questions (For Part-B- Q. No. 7- 5 Marks Each) 1) The gross Total Income of Mr. Raju who is an employee of a private company aged about 49 years is Rs. 295000 for the assessment year 2012-13, he want to reduce the tax liability. How do you assist him to reduce his tax liability? ) If you are a auditor of a company what key elements you look for to assess the accuracy of the financial records? 3) Which ratio, out of fixed assets turnover and net worth turnover, to your mind is more useful for analyising efficiency? Why? 4) Why do you think Liquidity ratio plays a key role in Banking Industry? Comment. 5) „Why capital is treated as a liability?. Justify. 6) A firm purchases 50 furniture worth Rs. 500000. A financial accountant of the firm has recorded only Rs. 500000 in journal ledger, but not 50 no. s of furnitures. Interpret using suitable accounting concept. ) â€Å"Balance Sheet is a statement, but not an account†. Comment. 8) Bring out the role played by the matching principle in the determination of business performance and financial position. 9) Is accrual basis of accounting is superior to cash basis of accounting in meeting the economic decision making needs of the users of financial statements? Why or Why not? 10) â€Å"Financial statements are the only basis for measuring the performance of a company†. Comment. 12MBA14 Accounting Time: 3 hrs. for Management Model Question Paper Max. Marks: 100 Note: 1. Answer any THREE full questions from Part-A. 2. Part-B and Part-C are compulsory. Part-A 1. a. What is Contra entry? Give example. b. Write a short on role of Forensic Accountant (3 Marks) (7 Marks) c. Give accounting equation for the following transactions of Hitesh for the year 2009. Started business with cash Rs. 18,000. (10 Marks) i. Paid rent in advance Rs. 400. ii. Purchased goods for cash Rs. 5000 and on credit Rs. 2,000. iii. Sold goods for cash Rs. 4,000 (costing Rs. 2,400). iv. Rent paid Rs. 1,000 and rent outstanding Rs. 200. v. Bought motor-cycle for personal use Rs. 500. vi. Purchased equipments for cash Rs. 500. vii. Paid to creditors Rs. 600. iii. Depreciation on equipment Rs. 25. ix. Business expenses Rs. 400. 2. a. What is MAOCARO? (3 Marks) b. Explain the need and benefit of Corporate Governance. (7 Marks) c. Record the following transaction in three column cash book. (10 Marks) 1/3/2008 opened a Bank account with capital Rs. 1, 00,000 cash in hand Rs. 40,000. 3/3/2008 paid into Bank Rs. 10,000. 5/3/2008 Bought Goods for Rs. 3,800 and paid by cheque. 6/3/2008 Sold goods for cash Rs. 2,600 deposited the same into the Bank. 7/3/2008 Sold goods to Mr. X an account Rs. 10,000. 10/3/2008 Paid Mr. A by cheque Rs. 240 receiving a discount of Rs. 10. 5/3/2008 Received a cheque from Mr. Vikas Rs. 1080 and allowed him Discount Rs. 20. 16/3/2008 Received a cheque from Mr. Santhosh Rs. 4000. . 3. a. List out any six items deductible under Section 80C. (3 Marks) b. On 01st January, 2010, the following were the ledger balances of Gopal and Co. : Cash in hand Rs. 900/-; Cash at bank Rs. 21, 000/-; Soni (Cr) Rs 3, 000/-; Zahir (Dr) Rs. 2, 400/-; Stock Rs. 12, 000/-; Prasad (Cr) Rs. 6, 000/-; Sharma (Dr) Rs. 4, 500/-; Lall (Cr) Rs. 2, 700/-; Ascertain capital. Transactions during the month were; Journalize the above transactions. (7 Marks) 2010 Jan 2. Bought goods of Prasad – Rs. , 700/Jan 3. Sold to Sharma – Rs. 3, 000/Jan 5. Bought goods of Lall for cash, paid by cheque – Rs. 3, 600 /- Jan 7. Withdraw cash for personal use – Rs. 200/Jan 13. Recived from Zahir in full settlement – Rs. 2, 350/Jan 17. Paid to Soni in full settlement – Rs. 2, 920/Jan 29. Paid to Prasad by cheque – Rs. 2, 650/- and Discount allowed by him – Rs. 50/- c. From the following information prepare Cash Flow Statement by Indirect Method. (10 Marks) COMPARATIVE BALANCE SHEET OF EXCELLENT LTD. , Liabilities As at As at Assets As at As at capital 31. 03. 2008 31. 03. 2007 31. 03. 2008 31. 03. 2007 Rs. Rs. Rs. Rs. Share Capital Reserve Surplus Secured Loans Current Liabilities 50,00,000 15,00,000 35,00,000 50,00,000 40,00,000 Fixed Assets 31,00,000 30,00,000 Investments 1,50,000 5,00,000 Cash and Bank 40,00,000 Balances 2,00,000 1,25,000 60,00,000 Stocks, Stores, 75,00,000 78,75,000 WIP 40,00,000 35,00,000 Sundry Debtors 1,45,00,000 1,50,00,000 1,45,00,000 1,50,00,000 (i) The net profit for the year after adjustment in respect of provisions for dividends and taxation was Rs. 10,00,000 There was addition to Fixed Assets during the year amounting to Rs. 4,00,000 and Depreciation for the year was Rs. 3,00,000 4 a. What is Qualified Audit Report? State its contents (5 Marks) b. What is direct tax? State the Income tax rates for an individual for the Current A. Y. (5 Marks) c. The following Trial Balance has been prepared wrongly. You are asked to prepare the trial balance correctly. (10 Marks) Name of accounts Debit balance (Rs. ) 4,000 Credit balance (Rs. ) 2,000 Cash in hand Purchases returns Wages Establishment expenses Sales returns Capital Carriage outward Discount received Commission earned Machinery Stock Debtors Creditors Sales Purchases Bank overdraft Manufacturing expenses Loan from Ashok Carriage inward Interest on investment Grand total ,000 12,000 22,000 1,200 800 8,000 28,000 14,000 -14,000 ,1000 1,13,000 8,000 2,000 20,000 10,000 -12,000 44,000 -14,000 1000 1,13,000 5. a. State the objectives of IFRS. b. Briefly explain the merit demerits of Human Resource Accounting. (5 Marks) (5 Marks) c. â€Å"Without accounting concepts conventions, objective, reliable, consistent and comparable accounts cannot be maint ained†. Comment. (10 Marks) 6. a. What is window dressing? How financial statements are window dressed. (5 Marks) b. Mr. A has applied for the the position of Financial Analyst at EY Co. Ltd. The Head of Finance wants to assess the basic accounting skill sets of a candidate. The following information is provided in form of ratios to Mr. A to prepare the Balance Sheet given in the under mentioned proforma (15 Marks) Total Assets/ Net worth Sales/Fixed assets Sales/Current assets Sales/Inventory Sales/Debtors Current Ratio Annual Sales = Rs. 25, 00,000 = = = = = = 3. 5 6 8 15 18 2. 5 Balance Sheet Liabilities Net worth Long term Debt Current Liabilities Rs. Assets Fixed Assets Inventory Debtors Liquid Assets -Rs. - Assume you to be Mr. A, how will you prepare the Balance Sheet with necessary working notes. Part-B 7. a. Being a prospective Investor, Interpret the following from the view point of Liquidity. (5 Marks) Particulars Current Assets Bank A (Rs. ) 200000 Bank B (Rs. ) 800000 Fixed Assets Total Assets 800000 1000000 200000 1000000 Following are the income statements of Star Ltd. , Mumbai for the years 2010-2011. Trading Profit Loss Account 31. 03. 2011 Particulars 200000 By Sales 550000 By closing stock 80000 By Income from investment 64000 By dividend received 40000 60000 12000 7000 8000 14000 412500 1447500 1217000 1447500 Particulars To Opening Stock To Purchases To Wages To salaries To rent Taxes To Depreciation To selling expenses To discount allowed To loss on sale of Plant To interest paid To Net profit 31. 03. 2010 85000 500000 60000 42000 35000 40000 12000 5000 12000 426000 1217000 31. 03. 2010 31. 03. 2011 1000000 200000 1200000 225000 12000 5000 15000 7500 b. For the above problem analyse the Income Statement using â€Å"Horizontal analysis†. (5 Marks) c. For the above problem analyse the Income Statement using â€Å"Vertical analysis†. d. For the above problem comment on the profitability of the Company. . Part-C 8. (Case Study) (20 Marks) (5 Marks) (5 Marks) The following is the trial balance of Mr. X of Bombay as on 31st Dec. 2009. Prepare a trading and profit and loss account for the year ended 31st Dec. 2009 and the balance sheet as on that data after taking into consideration the following adjustments. Adjustments: i. Stock on 31st Dec. 2009 was Rs. 10,000. ii. Debts worth Rs. 2000 should be written off as bad. iii. Depreciate machinery by 5% and motor vans by 15%. iv. Provision for bad doubtful debts should be increased by Rs. 600. v. Commission accrued not received Rs. 500. vi. Goods worth Rs. 500 were used by the proprietor for his personal use. ii. On 20th Dec. 2009, a fire broke out in the shop goods worth Rs. 2000 were completely destroyed. The insurance company accepted the claim for Rs. 1500 only paid the amount on 1st Jan 2010. Trial Balance as on 31st Dec. 2009 Particulars Mr. X Capital Mr. X Drawings Stock on 1st Jan 2009 Purchase Sales Returns Discounts Commission received Income Tax paid Office Salaries Office Rent Advertising Sundry Debtors Creditors Provision for doubtful debts Manufacturing Wages Bills Receivable Payable Carriage Machinery Motor Vans Land Buildings Office Expenses Cash at Bank Cash in hand TOTAL Dr 7500 12000 86000 2000 500 700 17300 2000 1700 85000 8600 5000 600 40000 7000 10000 1500 6000 2300 295700 Cr 85000 170000 1000 700 1000 30000 3000 5000 295700 Information Technology for Managers Sub Code: 12MBA15 Question Bank (Skill Based questions) A) The regional director of a marketing company wants to have an emergency meeting with all his sales team members and to show them a new protocol developed by the competitor. But all are at far-away places on sales assignments. Suggest how a suitable technology based method helps him. B) Marketing Managers of a manufacturing firm are planning to increase the sales this year at any cost and they are supposed to prepare a proposal to show the management saying, what-if they increase the advertisement budget this year by 10%, 20% and 30% over the last year’s budget. Suggest a suitable Information system which helps them in their What-i

Blood and Culture essays

Blood and Culture essays The State of Israel was founded on May 14, 1948, creating a national homeland for all Jewish people throughout the world. The establishment of a uniquely Jewish state in the Arab controlled Middle East has created serious tension between the Jews and their Arab neighbors, and more specifically, the Palestinians. However, Israels problems regarding race and ethnicity extend far beyond the Jewish-Palestinian issue, and yet, they touch much closer to home for Israeli Jews. Although Israel was founded as a homeland where all Jews could live together as equals, there has been a high level of racial inequality for the Sephardic and Oriental Jews, which has been fueled in large part by the Ashkenazim. The lack of Jewish unity has created even more problems in an already tumultuous state. Israeli Jewish society is broken down into two major subsections, which have been designated, in large part, by country of origin: the Ashkenazim and the Sephardim. The definition of the Ashkenazim is fairly straightforward, referring to Jews from Germany, central or Eastern Europe, as well as the United States. A definition of the Sephardim is more involved; originally the Sephardim were all the Jews originating in Spain and Portugal who after the Inquisition lived in both Europe and in Oriental countries, Egypt and North Africa. However, today, Sephardim is more loosely defined, and now includes Jews of Mediterranean, Balkan, Aegean and Middle Eastern lands. If keeping with the strict definition of Sephardim, those Jews whose ancestors spoke dialects of Arabic, Berber, or Persian would not be considered Sephardim, but rather, as Edot Mizrah Mizrahim, (or Oriental Jews) meaning from the communities of the East. In order to remain impartial to the Israeli ethnicity issues, it is essential to understand that the term Oriental is often misused to mean Sephardic, but the two term...

Facts and Opinions in Opinion Essay Samples

Facts and Opinions in Opinion Essay Samples Facts and Opinions in Opinion Essay Samples In an opinion essay, the focus of attention is your own point of view, as opposed to an argumentative essay, for example, where you basically defend another persons opinion. A good opinion essay should include your point of view, stated in the introductory paragraph, reasoning for your opinion, and, of course, a conclusion, where you sum up your argument. Remember to back up your reasoning with examples. Preferably, place each opinion in a separate paragraph. You can also add opposing or supporting opinions of experts or your peers, but you have to remember that any opinion should be clearly stated. The most important part of this essay is to effectively prove your point of view. For that, you have to build a solid argument. Normally we distinguish between two main types of argument, inductive and deductive. Which one to use in your essay largely depends on your thesis statement. In this post, we will learn about the two types of reasoning and if an inductive argument is suitable for an opinion essay. Types of Argument An inductive argument basically means that your thesis statement is a projection of a more general statement, and your reasoning will increase or decrease the probability of your conclusion being true. The later depends on how strong or weak your reasoning is. For example, if your evidence is reliable, you have more chances to prove your point. This type of argument is more suited for presenting an opposing point of view, because it will give you room to refute. In a deductive argument, the truth of the conclusion is logically derived from the reasoning: if, then For example, if it rains, then the road will certainly be wet; we cannot conclude that it rains because the road is wet, there can be other reasons for that. This is a good type of argument to defend your point of view. For you the conclusion is true, by default, and you only need to break it into elements that will prove your reasoning. How to Support Your Opinion with Facts To prove your point of view, you have to build a good argument that will explain how you have come to a certain conclusion. An essential part of this is to present your facts clearly and in an easy to understand manner, so that your audience is not left guessing. It is important to understand that facts are verified pieces of information, not based on opinions. The effectiveness of your argument depends on the way you present data: define the point and present only the most valuable information; raw data is for you to analyze, not the reader. find a way to break up the text: pictures, charts, diagrams, even statistics will let the readers mind rest, but dont overload your paper with graphics. if you have a boring topic, try to make it more fun with a writing style, or couple of fun facts. The key to making the audience believe in your point of view is believing in it yourself.

Film review Movie Example | Topics and Well Written Essays - 500 words - 2

Film - Movie Review Example In addition, he keeps a non-Muslim girlfriend which is against the Islam teaching. He also brings in a dancer contrary to the religion expectations. However, his perspective concerning his religion changes especially when he sees a large number of Muslims who turn up for the religious event. The father practices his religion by observing all the pillars of Islam. According to the film, he prays five times a day and has shown meekness as required by the religion by travelling by roads for many kilometers. In addition, he travels to Mecca as one pf the main pillars of his religion. It is evident that the journey to Mecca has made Reda to involve. In this case, the first aspect of evolution is evident when he is overwhelmed by the multitude of Islam faithful who turn up for the pilgrim event. Furthermore, Reda starts talking to the father quite often in their native language; French. Reda goes back home a change person as far as Islamic religion is concerned. According to the film, Rada learns more about the religion and comes to understand why the father preferred a car to the plane. The main challenge of maintaining a Muslim identity in western culture is the influence of the current trends. In this case, young people are fascinated by clothing, ornaments and other trendy stuff ion expense of the religion. In the film, Reda keeps a non-Muslim girlfriend and sometimes takes alcohol. In addition, he clad in jeans instead of normal Muslim religious wears. The film presents Saudi Arabia as a nation that has refused to move on with the rest of the world. The film has presented situation where religious matters surpasses human consciousness and feelings. In this case, the society has refused to upheld basic human freedoms in the name of protecting the religion. The film has reflected the position of women being inferior when compared to that of men. According to the film, women are just there to be used by men for their convenient. In addition, the film has

International Tax Assignment Example | Topics and Well Written Essays - 1000 words

International Tax - Assignment Example Since the jurisdiction for tax imposition in many cases is based on the residence status, the residents and non-residents distinction is of much importance (capitaltaxconsulting.com, 2011) 2. It should be noted that OECD model treat Article 4(1) of the OECD, gives a definition of a Contracting State resident as a person who is â€Å"liable to tax therein by reason of his domicile, residence, place of management, or any other criterion of a similar nature.† Article 4(1) further provides that a resident is not inclusive of any person who has a tax liability only in respect of income from sources in the country. This definition of a resident may seem straightforward; however, it raises a number of difficult issues. What does â€Å"liable to tax† mean? Is a person who is exempt from tax, such as a charity or a government, liable to tax? Is a person who does not pay any tax because of loss carryovers or deductions liable to tax? Are citizenship and place of incorporation cri teria of a similar nature? Liable to tax means the aggregate amount any given person is legally obliged to make payment of to the relevant authority due to a taxable event’s occurrence. Exempt persons may involve in a taxable event and thus at some point may become liable to tax (For instance; an instance where a government institution is supposed to withhold and remit taxes). A person having deductions or losses or may have a tax liability as long as taxable event is the ending result or a net claim on assets, for example net income. (investopedia.com, 2011) What determines whether a citizen is either a resident or a non-resident are the circumstances like domicile while a company’s incorporation makes it automatically a resident in many states (oecd.org, 2003) 3. Assume that Country A and Country B both define a resident as an individual who is present in the country for at least 183 days. Is it possible for an individual to be a resident of both Country A and Countr y B under this test? It is possible in a leap year. The countries are to further find a solution to the issue of residence like nationality to avoid taking the individual as a resident of both nations. (oecd.org, 2003) 4. What are the â€Å"Facts and circumstance† strengths and weaknesses test of residence? Under the test, Is it possible for an individual to be resident in two countries? In more than two countries? The outstanding strength that can be associated with the test of residence on â€Å"facts and circumstances† is that of giving a consistent way of determining whether an individual or a company is to be considered resident or not for the purposes tax imposition. The weaknesses attributable to this method of residence determination is that, given country’s test may be different from another and this kills uniformity in determining tax liabilities. A good example is that of Australia where for a person to be resident, they have to spend above average of their time in the state in the year of income while in Japan, they depend mostly upon the domicile or residence that is maintained for one or more years. (treasury.gov.au, 2011) In rare situations an individual can be resident in two or more countries like where they point out the person should be in the country for 183 days or more and it is in a leap year of income like in Canada and Ireland. (treasury.gov.au, 2011) 5. In a country using facts and circumsta

Shakespeares Hamlet - Comparison of Gertrude and Ophelia Essay

Hamlet -- Comparison of Gertrude and Ophelia      Ã‚  Ã‚   Gertrude and Ophelia occupy the leading roles for females in the Shakespearean drama Hamlet. As women they share many things in common: attitudes from others, shallow or simple minds and outlooks, etc. This essay will delve into what they have in common. The protagonist’s negative attitude toward both women is an obvious starting point. John Dover Wilson explains in What Happens in Hamlet how the prince holds both of the women in disgust: The difficulty is not that, having once loved Ophelia, Hamlet ceases to do so. This is explained, as most critics have agreed, by his mother’s conduct which has put   him quite out of love with Love and has poisoned his whole imagination. The exclamation â€Å"Frailty thy name is woman!† in the first soliloquy, we come to feel later, embraces Ophelia as well as Gertrude, while in the bedroom scene he as good as taxes his mother with destroying his capacity for affection, when he accuses her of such an act That blurs the grace and blush of modesty, Calls virtue hypocrite, takes off the rose From the fir forehead of an innocent love And sets a blister there. Moreover, it is clear that in the tirades of the nunnery scene he is thinking almost as much of his mother as of Ophelia. (101) Other critics agree that both women are recipients of Hamlet’s ill-will. In the Introduction to Twentieth Century Interpretations of Hamlet, David Bevington enlightens the reader regarding the similarities between Gertrude and Ophelia as the hero sees them: Yet to Hamlet, Ophelia is no better than another Gertrude: both are tender of heart but submissive to the will of importunate men, and so are forced into uncharacteristic vi... ... â€Å"An Approach to Hamlet.† Twentieth Century Interpretations of Hamlet. Ed. David Bevington. Englewood Cliffs, NJ: Prentice-Hall, Inc., 1968. Rpt. from An Approach to Hamlet. Stanford, CT: Stanford University Press, 1961. Pennington, Michael. â€Å"Ophelia: Madness Her Only Safe Haven.† Readings on Hamlet. Ed. Don Nardo. San Diego: Greenhaven Press, 1999. Rpt. from â€Å"Hamlet†: A User’s Guide. New York: Limelight Editions, 1996. Pitt, Angela. â€Å"Women in Shakespeare’s Tragedies.† Readings on The Tragedies. Ed. Clarice Swisher. San Diego: Greenhaven Press, 1996. Excerpted from Shakespeare’s Women. N.p.: n.p., 1981. Shakespeare, William. The Tragedy of Hamlet, Prince of Denmark. Massachusetts Institute of Technology. 1995. http://www.chemicool.com/Shakespeare/hamlet/full.html Wilson, John Dover. What Happens in Hamlet. New York: Cambridge University Press, 1999.