MS - 93 Management of New and Small Enterprises

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

ASSIGNMENT

Course Code                                                                      :               MS - 93

Course Title                                                                       :               Management of New and Small Enterprises

Assignment Code                                                            :               MS-93/TMA/SEM - I /2016

Coverage                                                                             :               All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April, 2016 to the coordinator of your study centre.

Question.1. What do you understand by entrepreneurial competency? Explain its role in entrepreneurship development?

Answer:Entrepreneurial competencies are the skills necessary for an entrepreneur to

·         Venture into an enterprise

·         Organize and manage an enterprise ably and competently

·         Realize the goal for which the enterprise is established

These competencies help and entrepreneur to successfully venture into an enterprise.

These can be broadly classified under the

Question.2. How can an opportunity analysis be conducted for the following:-

(a) A gift shop

Answer: Opportunities: Another step in a retail SWOT analysis is identifying key opportunities in the market. There are a myriad of opportunities a retailer may discover through both its sales force and market research. Opportunities can include an unfilled consumer need, according to quickmba.com, an online business reference site. For example, a small web design company may see an opportunity to add consulting services, if it has customers that desire it. Or a retail company may have the opportunity to purchase a smaller retailer to increase

(b) A bicycle store

Answer:Ride On Bikes is a retail bike shop located in the university district of Pullman, Washington. The company, operating from a 3,000 square foot building in prime location, is solely owned by a long time bicycle enthusiast, Rick Austin. Austin has many years of experience in the retail bicycle industry, as well as a business degree from Washington State University, where the bike shop is located.

Question.3. What are the advantages of company form of organization as compared to Proprietorship/ One Person Company and Partnership form of organization? Discuss

Answer:‘Sole’ means single whilst ‘proprietorship’ means ownership. Sole Proprietorship is a business enterprise that is owned and controlled by one person who possesses the entire authority & responsibility with respect to the business. The practical implication of such an arrangement is that an owner alone gets the entire profit but he is also personally liable.  This is so as a proprietorship is not a distinct entity unto itself, rather the business and its owner are identical. This form of business is ideally suited to businesses where the nature of the business is simple and the product’s market is small. Business with small capital

Question.4. Describe the tools of production planning and control used by a small entrepreneur.

Answer:For efficient, effective and economical operation in a manufacturing unit of an organization, it is essential to integrate the production planning and control system. Production planning and subsequent production control follow adaption of product design and finalization of a production process.

Production planning and control address a fundamental problem of low productivity, inventory management and resource utilization.

Question.5. What do you understand by family business? Explain the characteristics of family business and discuss the issues and problems of family business.

Answer:A family business is a commercial organization in which decision-making is influenced by multiple generations of a family—related by blood or marriage—who are closely identified with the firm through leadership or ownership. Owner-manager entrepreneurial firms are not considered to be family businesses because they lack the multigenerational dimension and family influence that create the unique dynamics and relationships of family businesses.

Family business is the oldest and most common

Question.6. Write short notes on the following:-

(a) Industrial Policy Resolution 1991

Answer:With the gradual liberalisation of the 1956 Industrial policy in the mid-eighties the tempo of industrial development started picking up. But the industry was still feeling the burden of many controls and regulations. For a faster growth of industry, it was necessary that even these impediments should be removed. The new government by ShriNarasimhaRao, which took office in June 1991, announced a package of liberalisation measures under its Industrial Policy on July 24, 1991.

The New Industrial Policy,1991 seeks to liberate the industry from the shackles of licensing system Drastically reduce the role of public sector and encourage foreign participation in India’s industrial development. The broad objectives of New

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING

Dear students get fully solved  assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

ASSIGNMENT

DRIVE	FALL 2015
PROGRAM	MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX
SEMESTER	I
SUBJECT CODE & NAME	MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING
BK ID	B1624
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1. Analyze the following transaction under traditional approach.

18.1.2011 Received a cheque from a customer, Sanjay at 5 p.m. Rs.20,000

19.1.2011 Paid Ramu by cheque Rs.1,50,000

20.1.2011 Paid salary Rs. 30,000

20.1.2011 Paid rent by cheque Rs. 8,000

21.1.2011 Goods withdrawn for personal use Rs. 5,000

25.1.2011 Paid an advance to suppliers of goods Rs. 1,00,000

26.1.2011 Received an advance from customers Rs. 3,00,000

31.1.2011 Paid interest on loan Rs. 5,000

31.1.2011 Paid instalment of loan Rs. 25,000

31.1.2011 Interest allowed by bank Rs. 8,000

Analysis of transaction –with accounts involved-nature of account-affects and debit/credit

Answer :

Date	Accounts	Nature of	Affects	Debit/
	Involved	Account		Credit
18.1.2011	Cash A/.c	Real	Cash is coming in	Debit
	Sanjay A/c.	Personal	Sanjay is the giver	Credit
19.1.2011	Ramu Ac.	Personal	Ramu is the receiver	Debit
	Cash A/.c	Real	Cash is going out	Credit

Q2. The trial balance of Nilgiris Co Ltd., as taken on 31st December, 2002 did not tally and the  difference was carried to suspense account. The following errors were detected  subsequently.

a) Sales book total for November was under cast by Rs. 1200.

b) Purchase of new equipment costing Rs. 9475 has been posted to Purchases a/c.

c) Discount received Rs.1250 and discount allowed Rs. 850 in September 2002 have been  posted to wrong sides of discount account.

d) A cheque received from Mr. Longford for Rs. 1500 for goods sold to him on credit earlier,  though entered correctly in the cash book has been posted in his account as Rs. 1050.

e) Stocks worth Rs. 255 taken for use by Mr Dayananda, the Managing Director, have been  entered in sales day book.

f) While carrying forward, the total in Returns Inwards Book has been taken as Rs. 674  instead of Rs. 647.

g) An amount paid to cashier, Mr. Ramachandra, Rs. 775 as salary for the month of November  has been debited to his personal account as Rs. 757.

(Pass journal entries and draw up the suspense account, Journal entries of all the transactions, Suspense account with Conclusion)

Answer :

Serial No.	Journal Entry	Debit	Credit
a)	Suspense Account	1200
	To Sales		1200
b)	No Suspense Account Involved

3 From the given trial balance draft an Adjusted Trial Balance.

Adjustments:

1. Charge depreciation at 10% on Buildings and Furniture and fittings.

2. Write off further bad debts 1000

3. Taxes and Insurance prepaid 2000

4. Outstanding salaries 5000

5. Commission received in advance1000

 Solution;-Ledger accounts Furniture and fittings a/c

Particulars	Rs.	Particulars	Rs.
To bal b/d	500000	By Depreciation By bal c/d	50000 450000
Total	500000	Total	500000

4 Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd. from the following extract of its income statements of five years. (inRs. Crore)

Preparation of trend analysis

Solution: Infosys Technologies Ltd.

Trend Analysis Particulars	2010-11	2009-10	2008-09	2007-08	2006-07
Revenue	27,501	22,742	21,693	16,692	13,893
Operating Profit (PBIDT)	8,968	7,861	7,195	5,238	4,391

5 Give the meaning of cash flow analysis and put down the objectives of cash flow analysis. Explain the preparation of cash flow statement.

Answer : Meaning of cash flow analysis

A cash flow statement is one of the most important financial statements for a project or business. The statement can be as simple as a one page analysis or may involve several schedules that feed information into a central statement.

A cash flow statement is a listing of the flows of cash into and out of the business or project. Think of it as your checking account at the bank. Deposits are the cash inflow and withdrawals (checks) are the cash outflows. The balance in your checking account is your net cash flow at a specific point in time.

6 Write the assumptions of marginal costing. Differentiate between absorption costing and marginal costing.

Answer : The Cost of a product of comprises of materials, labour, and over heads. On the basis of variability they can be broadly classified as fixed and variable costs. Fixed costs are those costs which remain constant at all levels of production within a given period of time. In other words, a cost that does not change in total but become. progressively smaller per unit when the volume of production increases is known as fixed cost. it is also called period cost eg. Rent, Salary, Insurance charges etc. On the other hand variable cost are those cost which very in accordance with the volume of output. To part it in another way. variable costs are uniform per unit. but their total fluctuates in direct position to the total of the related activity or volume

Dear students get fully solved  SMU MBA assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

MB0040 - STATISTICS FOR MANAGEMENT

Dear students get fully solved  assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

ASSIGNMENT

DRIVE	FALL 2015
PROGRAM	MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX
SEMESTER	I
SUBJECT CODE & NAME	MB0040 - STATISTICS FOR MANAGEMENT
BK ID	B1731
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1.Statistics plays a vital role in almost every facet of human life. Describe the functions of Statistics. Explain the applications of statistics.

Answer: Statistics :

A type of mathematical analysis involving the use of quantified representations, models and summaries for a given set of empirical data or real world observations. Statistical analysis involves the process of collecting and analyzing data and then summarizing the data into a numerical form. Statistics is a general term used to summarize a process that an analyst, mathematician or statistician can use to characterize a data set. If the data set is based on a sample of a larger population, then the analyst can

Q2.

a) Explain the approaches to define probability.

Answer: In some areas, such as mathematics or logic, results of some process can be known with certainty (e.g., 2+3=5). Most real life situations, however, involve variability and uncertainty. For example, it is uncertain whether it will rain tomorrow; the price of a given stock a week from today is uncertain Note_1 ; the number of claims that a car insurance policy holder will make over a one-year period

b) State the addition and multiplication rules of probability giving an example of each case.

Answer: Addition rule of probability and an example:

If two events A and B are mutually exclusive then

P(A ∪B) = P(A) +P(B)

This is the simplified version of the Addition Law. However, when A and B are not mutually

exclusive, A ∩B _= ∅, it can be shown that a more general law applies:

P(A ∪B) = P(A) +P(B)−P(A ∩B)

Of course if A ∩ B = ∅ then, since P(∅) = 0 this general expression reduces to the simpler

version.

Example:A bag contains 20 marbles, 3 are

Q3. a) The procedure of testing hypothesis requires a researcher to adopt several steps. Describe in brief all such steps.

Answer. Meaning of hypothesis can be defined in two ways:

1.It is a supposition or explanation (theory) that is provisionally accepted in order to interpret certain events or phenomena, and to provide guidance for further investigation. A hypothesis may be proven correct or wrong, and must be capable of refutation. If it remains unrefuted by facts, it is said to be verified or corroborated.

2.Statistics:It is an assumption about certain characteristics of a population. If it specifies values for every parameter of a population, it is called a simple hypothesis; if not, a composite hypothesis. If it attempts to nullify the difference between two sample means (by suggesting that the difference is of no statistical significance), it is called a null hypothesis.

b) Explain the components of time series.

Answer. Components of Time series:

The four components of time series are:

1. Secular trend

2. Seasonal variation

3. Cyclical variation

4. Irregular variation

1. Secular trend:

Q4. a. What is a Chi-square test? Point out its applications. Under what conditions is this test applicable?

Answer : Chi-square test:

A chi-squared test, also referred to as chi-square test or χ² test, is any statistical hypothesis test in which the sampling distribution of the test statistic is a chi-squared distribution when the null hypothesis is true. Also considered a chi-squared test is a test in which this is asymptotically true, meaning that the sampling distribution (if the null hypothesis is true) can be made to approximate a chi-squared distribution as closely as desired by making the sample size large enough.

Applications:

Q5.Business forecasting acquires an important place in every field of the economy. Explain the objectives and theories of Business forecasting.

Answer: : Business forecasting :

Business Forecasting is an estimate or prediction of future developments in business such as sales, expenditures, and profits. Given the wide swings in economic activity and the drastic effects these fluctuations can have on profit margins, it is not surprising that business forecasting has emerged as one of the most important aspects of corporate planning. Forecasting has become an invaluable tool for businesspeople to anticipate economic trends and prepare themselves either to benefit from or to counteract them.

Q6 a. What is analysis of variance? What are the assumptions of the technique?

Answer : Analysis of variance :

Analysis of variance (ANOVA) is a collection of statistical models used to analyse the differences between group means and their associated procedures (such as “variation” among and between groups). In ANOVA setting, the observed variance in a particular variable is partitioned into components attributable to different sources of variation. In its simplest form, ANOVA provides a statistical test of whether or not the means of several groups are equal, and therefore generalizes t-test to more than two groups. Doing multiple two-sample t

b. Three samples below have been obtained from normal populations with equal variances. Test the hypothesis at 5% level that the population means are equal.

A	B	C
8	7	12
10	5	9
7	10	13
14	9	12
11	9	14

(The table value of F at 5% level of significance for 1 = 2 and 2 = 12 is 3.88)

Ans: Meaning of Analysis of Variance:

Analysis of variance (ANOVA) is a collection of statistical models used to analyze the differences between group means and their associated procedures (such as "variation" among and between groups). In ANOVA setting, the observed variance in a particular variable is partitioned into components attributable to different sources of variation. In its simplest form, ANOVA provides a statistical test of whether or not the means of several groups are equal, and therefore generalizes t-test to more than two groups.

Dear students get fully solved  assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )