Strategic Finance Solved Paper of SCDL Pune - 39

This solved paper of SCDL Strategic Finance of SCDL Pune has been contributed by XYZ

 

Select The Blank
Question	Earning power of the company approach tries to value the ________.
Correct Answer	Current value of the assets
Multiple Choice Multiple Answer
Question	Financial evaluation involves :-
Correct Answer	Determining the earnings , Areas of risk , Best way to finance a merger
Select The Blank
Question	Stock repurchases ________ the debt / equity ratio.
Correct Answer	Increases
Multiple Choice Single Answer
Question	Which of the following systems identifies each of the organizational elements of the traditional bureaucratic structure and applies the identifiable costs of that element accordingly?
Correct Answer	Organization element accounting
True/False
Question	Determination of residual value of an asset is normally a difficult matter.
Correct Answer	TRUE
Select The Blank
Question	As per residual theory of dividends the focus is on ________.
Correct Answer	Growth
Multiple Choice Multiple Answer
Question	If a firm diversifies managerial teams formed can be shifted from unproductive activities to productive ones which leads to :-
Correct Answer	Improved profitability , Continuity , Growth of the firm
Multiple Choice Multiple Answer
Question	A current investment is an investment that is by nature :-
Correct Answer	Readily realizable , Intended to be held for not more than 1year from the date on which investment is made
True/False
Question	Trade credit creates book debts which the firm is expected to collect in the near future.
Correct Answer	TRUE
Multiple Choice Single Answer
Question	Value added analysis :-
Correct Answer	Helps to identify potential activities that may be omitted immediately
Multiple Choice Multiple Answer
Question	The main characteristics of CAPM are :-
Correct Answer	It is an equilibrium Model , It describes the pricing of assets as well as derivatives , Expected security return = Riskless return + beta x (expected market risk premium)
Multiple Choice Single Answer
Question	As per Pecking order theory, which is the costliest means of funding :-
Correct Answer	Equity Shares
Select The Blank
Question	________ are those operating assets that are employed by a segment in its operating activities.
Correct Answer	Segment assets
Multiple Choice Multiple Answer
Question	The overhead expenses include :-
Correct Answer	Utilities , Maintenance , Security
Multiple Choice Multiple Answer
Question	Examples of accrued expenses are :-
Correct Answer	Wages , Income tax , Property tax
Multiple Choice Single Answer
Question	One of the bases for determining the residual value of similar assets is :-
Correct Answer	Realizable value

 

Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct. 

Assignment of SCDL Pune Management Accounting - 33

This solved paper of Management Accounting of SCDL Pune has been contributed by Krishna Kumar
 

THANKS TO: Krishna Kumar

 

Question	In order to prepare financial statement on periodical basis, the indefinitely longer span of business is divided into shorter line segments. Each one is known as:
Options	a. life span
	b. segment
	c. accounting period
	d. one year
Correct Answer	d. one year
Question	With the preparation & use of standard costing , standard costing also involves :
Options	a. Their comparison with department set standard
	b. The measurement & analysis of variances to their causes & points of incidents
	c. Their comparison with actual costs
	d. Market survey for finished goods
Correct Answer	b & c
Question	There should be an effective & proper system of accounting so that information and data as req`d for the efficient implementation of the budgetry control system will be available in time
Options	a. TRUE
	b. FALSE
Correct Answer	a. TRUE
Question	From the given option which are the example of direct labour cost
Options	a.       wages paid to foreman
	b.      personal dept salaries
	c.       hire charges for equipment req`d for a particular job
	d. cost of defective work for a particular job
Correct Answer	c & d
Question	Which cost centre is classified as a Personal cost centre
Options	a.       which consists of a dept
	b.      which consists of a person or a group of persons
	c.       which consists of a private are owned by managers
	d.      The cost centre which is having no relations with an undertaking
Correct Answer	b.      which consists of a person or a group of persons
Match the followings
a. Elements of cost	i. The cost attached with the manufacturer process subdivided into groups
b. Material cost	ii. That cost which is directly involved in manufacturer process
c. Expenses	iii. The cost of remuneration paid to employees of the organization
d. Labour cost	iv. The cost of commodities & material used by the organization
	v. That cost which is not directly involved in manufacturer process
	vi. The cost of services provided to the organization & notional cost of assets owned
Correct Answer	a = i / b = iv  / c = vi / d = iii
Question	Limited tender is known to be __________  which is call for the quotations from the purchase dept.
Options	a.  Time consuming source
	b.  Unreliable source
	c.  Expensive source
	d. Reliable source
Correct Answer	d. Reliable source
Question	In case of industries like the ones engaged in generation & distribution of electricity, transport operation etc _________ budgets may be prepared even for a period of 5-10 years.
Options	a. where profits are really less
	b. where capital expense is too small
	c. where the production process is very slow
	d. where capital expense is too high
Correct Answer	d. where capital expense is too high
Question	Good sent to the customer on approval basis _________ the sales , while preparing the final accounts.
Options	a.       no answer can be given for this
	b.      should be treated as
	c.       should not be treated as
	d.      should be added as promotion effort amount in
Correct Answer	c.       should not be treated as
Question	If there are direct labour cost & indirect labour cost , what does the indirect labour cost indicate:
Options	a.       it is incurred for those employees who are not engaged in the manufacturing process but only assist in the same
	b.      it is incurred for those employees who are engaged in the manufacturing process
	c.       that cost which can be identified with the individual cost centre
	d.   there is only labour cost and no direct or indirect as such
Correct Answer	a.       it is incurred for those employees who are not engaged in the manufacturing process but only assist in the same
Question	Personal a/c may consist of :
Options	a.  a/c of suppliers
	b.  capital a/c
	c.  salary a/c
	d. wages a/c
Correct Answer	a & b
Question	The cost of remuneration paid to the employees of the organization termed as labour cost & it can be directly or indirectly attached with the manufacturing process
Options	a. TRUE
	b. FALSE
Answer	a. TRUE
Question	Employees who are actually get involved in manufacturing process, gets remuneration that is known as indirect labour cost in manufacturing process
Options	a. TRUE
	b. FALSE
Answer	b. FALSE
Question	Which principle should be kept in mind before deciding the quantity of material to be purchased (Multiple choice)
Options	a.       finance for the purchase should be un-interrupted
	b.      excess stock should be purchased when the material is available at lowest price in the market
	c.       material should be easy available in the market at lowest price
	d.      there should not overstocking or under stocking of material.
Correct Answer	d.      there should not overstocking or under stocking of material.

 

Note: Please tally the answers and verify them from SCDL textbooks as all answers might not be correct.