Question : 12,00,000 in credit sales and 2,40,000 in debts were owed by ABC Ltd. at the conclusion of the year. With a year of 360 days,what will be the average collection period?
Option 1: 180 Days
Option 2: 60 Days
Option 3: 80 Days
Option 4: 72 Days
Correct Answer: 72 Days
Solution : Average Collection Period = Debtors / Credit Sales × 360 = 2,40,000 /1 2,00,000 × 360 = 72 days Hence option 4 is the correct answer.
Question : A, B and C were partners sharing profits and losses in the ratio of 2:2: l. C died on 30th June, 2020. Profit and Sales for the year ended 31st March, 2020 were Rs. 1,00,000 And Rs. 10,00,000 respectively. Sales during April to June, 2020 were Rs. 1,50,000. share of profit of C till the date of his death will be__________.
Option 1: Rs 15,000
Option 2: Rs 6,000
Option 3: Rs 3,000
Option 4: None of the above
Question : Aman, Raman and Suman were partners sharing profits a ratio of 3:2:1 respectively. The profit and sales for the year ended 31 March 2017 were Rs.3 lakh and Rs.10 lakh respectively. Aman died on 30th November, 2017. Calculate the share of a deceased partner in the profits for the period from 1st April 2017 to 30th November 2017, if the same is calculated: Q. On the basis of sales which were Rs.8 lakh from 1st April 2017 to 30th November 2017.
Option 1: Rs 1,20,000
Option 2: Rs 1,40,000
Option 3: RS 2,00,000
Option 4: Rs 70,000
Question : Shivam, the manager of ABC Ltd does not allow the salesman working under him to freely express their creative ideas regarding the sales target fulfilment. Identify the organisational behaviour expressed here.
Option 1: Status
Option 2: Regulation
Option 3: Organisational policy
Option 4: Organisational facilities.
Question : Which aspect of management is highlighted in the below statement? In whale Ltd, the purchase department purchased 5 tonnes of raw materials for the production department. The production department needs just 2 tonnes. Due to this reason, goods were over produce and were not accepted by the sales department.
Option 1: Lack of planning
Option 2: Lack of organising
Option 3: Lack of manpower
Option 4: Lack of coordination.
Question : Case Study 1:
ABC Ltd. is a well-established manufacturing company that has been operating for several years. Recently, the company faced a decline in sales due to the economic recession in the country.
Q :- Why is understanding the business environment important for ABC Ltd.?
Option 1: To ensure complete control over external factors
Option 2: To analyze the internal structure of the company
Option 3: To identify potential opportunities and threats in the market
Option 4: To determine the pricing strategy for existing products
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile