Finance Answers

Credit appraisal is a critical analytical tool of bank. Largely the profitability of bank

hinges on this tool. Any weakness on this front is reflected on the profitability of banks

and it also results in accumulation of stressed assets. BASEL-II has given strong

recommendations to check this menace. Elaborate in details the important

recommendations of this committee.

One of the important mandate of RBI is prudent management of monetary policy,

curbing inflation and checking unemployment in economy. Explain how RBI achieves

these diverse parameters by use of different tools available with it.

Sonja Cc is a small firm that make outfits for customers tailored for their functions, in May 2021 she was order for a baby shower (BS).

The details Job for BS are as follows:

Direct materials: 120 units at N124

Direct labour: 20 hours for department A at N$25 per hour.

10 hours for department B at N30 per hour

12 hour s for department C at N$27.50

The firm allocates manufacturing overheads budgeted at N$2500 in department A, N$2000 in department B and N$3000 in department C.

The firm expects a profit of 55% on the total cost of BS.

Required:

a)Calculate the cost of a baby shower (BS)

b)Calculate the selling price of a baby shower (BS)

c)If the number of outfits are the same for each type of function, which function should Sonja choose to produce and why?

What is interest rate (or price) risk?

From the following data of Megh Enterprises.

a. Calculate the combined breakeven sales. The Company is producing three products.

product, sales, Variable cost

A 10000 6000

B 5000 2500

C 5000 2000

The company incurred a fixed cost of Rs 5700.

b. Also, Discuss the concept and relevance of Breakeven sales for an enterprise

Where would an REA diagram for the HR/payroll cycle store information about total hours an employee worked in order to calculate payroll?

A. None of these are correct

B. In the employee time table

C. In the time worked table

Where would an REA diagram for the HR/payroll cycle store information that can be used to bill a client for the time employees spent working on a task for that particular client?

A. None of these are correct

B. In the time used table

C. In the employee time table

D. In the time worked table

Which table would a manager query in order to assess how much time an employee spent performing various functions?

A. Evaluate performance

B. None of these are correct

C. Time worked

D. Time used

In an REA diagram of the HR/Payroll cycle, which of the following is a resource entity?

A. Skills

B. Applicants

C. None of these are correct

D. Training

Which of the following are used to store information that represents a company’s intellectual property? (Check all that apply.)

A. Work in process

B. Job operations list

C. Machine operations list

D. Bill of materials

Where would an REA diagram for the production cycle store information about the actual quantity of raw material 33222 that was used to make product 444?

A. In the work in process table

B. In the bill of materials table

C. In the machine operations table

D. In the issue raw materials table

Where would an REA diagram for the production cycle store information for the standard time to make a product? (Check all that apply.)

A. In the machine operations list table

B. In the work in process table

C. In the bill of materials table

D. In the job operations list table

Where would an REA diagram for the production cycle depict the list of ingredients for making a product?

A. In the bill of materials table

B. In the raw materials table

C. In the work in process table

D. In the finished goods table