Financial Accounting & Analysis nmims 2 sem april 2019 solved assignments

ANSWER 1

Difference between Gross Profit, Operating profit and Net Profit-

Gross Profit

Gross profit is the all expenses and the additional services of the more and the time period of the device and they are almost the finishing work completes in the premises, his simple, common

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Financial Accounting & Analysis

Internal Assignment Applicable for April 2019 Examination

Question 1

One of your colleagues is going to make a presentation in the sales meeting. However, he finds difficult to understand the difference between gross profit, operating profit and net profit. Explain these terms to your colleague by discussing how these are calculated and highlighting the relevant points.

ANSWER 1

Difference between Gross Profit, Operating profit and Net Profit-

Gross Profit

Gross profit is the all expenses and the additional services of the more and the time period of the device and they are almost the finishing work completes in the premises, his simple, common

Question 2

The provisions of AS-3 provide two methods for preparing the cash flow statement. Discuss how the manner of computation of cash flow from operating activities under direct method and under indirect method differs from each other.

ANSWER 2

According to the Provision of AS – 3 of Cash flow Statements is two types of Methods are –

Direct Method

Indirect Method

The main difference between the direct method and the indirect method of presenting the

Question 3

On April 1st 2016 your company purchased an asset at a cost of 7 Lacs and incurred Rs50000 on installation. The machinery being depreciated on WDV method every year. On March 31st 2019, the machinery was sold for Rs 4.5 Lacs.

a) Pass relevant journal entries to recognize the profit or loss and sale of asset.

b) Calculate the profit or loss on disposal, Calculate Closing book value and depreciation for the years 2016-19.

ANSWER 3

Working Note

Purchase as on 1^st April, 2016

Cost	7,00,000
Add : Installation	50,000
TOTAL COST	7,50,000

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Business Statistics nmims 2 sem april 2019 solved assignments

SOLUTION 2

Mean - The Mean are the arithmetic average of a data set. This is found by adding the numbers in a data set and dividing by how many numbers there are.

 The median is the middle number in a data set when the numbers are listed in either ascending or

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Business Statistics

Internal Assignment Applicable for April 2019 Examination

Question 1. Consider the following data of 26 restaurants serving in Mumbai.

Is the Location variable - a nominal, an ordinal, an interval or a ratio variable? How can we code it so that we can use it in analysis (hint: binary)?

Restaurant	Location	Area	Number of	Sales in
		(square feet)	items in menu	crores
A	Busy	2500	35	4.1
B	Less busy	50	45	5.1
C	Busy	450	36	4.3
D	Less busy	700	45	4.9
E	Busy	700	40	4.7
F	Less busy	400	25	2.6
G	Busy	800	50	5.2
H	Less busy	300	20	2.2
I	Less busy	350	34	3.8
J	Busy	700	42	4.1
K	Busy	450	34	3.9
L	Less busy	200	12	1.6
M	Busy	500	30	2.7
N	Less busy	400	37	3.9
O	Busy	500	35	3.1
P	Less busy	600	32	3
Q	Busy	800	45	4.9
R	Less busy	400	35	3.8
S	Busy	650	40	4
T	Less busy	400	25	2.3
U	Less busy	900	52	5.1
V	Busy	500	42	4.2
W	Busy	350	40	4.1
X	Less busy	300	25	2.2
Y	Busy	700	30	3
Z	Less busy	300	20	2.1
		14900	906	94.9

Which of the variables are determining Sales based on the above data? Take p < 0.05 for interpreting your multiple regressions. You can use output from Ms-Excel or other software,but you are required to interpret it. Is your regression model statistically significant? How is Adjusted R2 different from R2?

Suppose, you want to open a new restaurant. Given that this new restaurant of 1000 square

Feet will be located in a busy location and will have 40 items in its menu - what would bethe predicted sales?

SOLUTION 1

Busy	9,600
Sales in Crore	52.3

Question 2.

Based on the data in question 1 above, suppose that in order to plan the area (square feet) ofyour new restaurant, you want to consider information about the area (square feet) ofexisting restaurants. What is more appropriate in this case – mean,median or mode?

Calculate them and explain.

What do you know about the symmetry of the distribution of the Number of Items in Menu?As an investor you do not want much variability in Sales. Calculate standard deviation andinter-quartile-range of Sales and comment when they are useful as measures. What values(maximum, minimum) of Sales lie within two standard deviations, assuming normaldistribution?

SOLUTION 2

Mean - The Mean are the arithmetic average of a data set. This is found by adding the numbers in a data set and dividing by how many numbers there are.

 The median is the middle number in a data set when the numbers are listed in either ascending or

Question 3

Suppose you are a consultant hired to help NMIMS in understanding student perception ofquality of study materials and student assessment process at NMIMS.

a. What are the types of random sample survey, in general? What sampling methodwould you recommend in this case for your study and why?

b. Consider the scores from a multiple-choice test from a question bank (random),used for student assessment. Explain Central Limit Theorem and its applicability tothis case.

SOLUTION 3

Types of random sample survey, in general

There are numerous ways of getting a sample, but here are the most commonly used sampling methods:

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