Accounting Fundamentals 4 Oct

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Reasoning & DI

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Reasoning & DIDr. T.K. Jain.

AFTERSCHOOOLCentre for social entrepreneurship

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A Company manufactures chairs. In 1994 its installed capacity was 3 lacs. Now it doubled in 1998 and remained the same in 1999. Through 1995-1997 it was 2/3 the capacity of 1998. Capacity utilization is inversely proportional to capacity. In all years except 1994 capacity utilization was below 100% though production increased steadily over the years. In 1994 it was 110%, 1995-85%, 1996-90%, 1997-91% and 1998-76%. In 1999 it was the same as 1996 levels.

The selling price was Rs4 per unit in 1994 increased at 10% per annum till 1996. In 1997 it was Rs5 per unit and thereafter it rose 20% per annum. Unit sales are 90% of production in 1994 and 1995 and 95% in 1997,1998,1999.


1996 was a boom year in which the company sold all that it produced in that year plus the inventory of the last 2 years (assume opening inventory to be zero in 1994). The company has been facing heavy competition and market share by value has been declining from 25% in 1994-95, it was 60% of that in 1998-99. 1996 & 1997 shares were equal to the average share of these 6 years. The company spends 4.33% of its sales revenue every year on advertising.

What was the production in 1997?1] 350,000 2] 360,000 3] 364,000 4] 365,000


Solution : Capaciy in 1994 = 3 lakh units In 1998 it is 6 lakh (double). In 1997 it is 2/3 of 6 lakh = 4 Lakh Capacity utilisation in 1997 is 91%, so

production in 1997 is 3.64 lakhs answer.


4 people A, B, C and D have together got Rs100 with them. A and B together have got as much money as C & D put together. A has got more money than B. C has half as much money as D has. A has Rs5 more than D.

Who has got the most money?1] Arti 2] Dolly 3] Chetan 4] Cannot be determined


Solution . . . By 1st reading = A. (we can also

calculate exact values). A+B=C+D A-D=5 C+D=50, and D=2C or 2c+c=50. C=50/3 = 16.66, D = 33. A = 38 and

B=12 answer.


IN organizing a newspaper 4 editors are required ;the managing editor, the news editor, the sports editor and the entertainment editor. The managing editor can work only on Wednesday mornings, Thursday afternoons and Friday the whole day. The news editor can work only on Monday afternoons, Tuesday and Thursday the whole day. The sports editor can work only on Monday afternoons, Tuesday mornings and Wednesday the whole day. The entertainment editor can work all day Monday and Wednesday only. If the managing editor cannot edit until each of the others has completed atleast a full day of work, when is the earliest the managing editor can work?1]Wednesday afternoon 2]Friday morning 3]Monday morning 4]Thursday afternoon


Solution . . News editor : Tuesday (full day) Sports editor : Wednesday (wholeday) Entertainment editor: Monday

(wholeday) Thus managing editor will work on

Thursday afternoon. Answer.


Step1: x=0 A=2 B=3 Step2: If X<5 then do Steps3-6 otherwise

Step7 Step3: Y=A+B replace A by B replace B

by Y Step4: Type Y Step5: Increase X by 2 Step6: Goto Step2 Step7: Exit When X=4 what value of Y is typed?

1] 12 2] 8 3] 13 4] 5


Solution . . . Y = a+B = 2+3 = 5. thereafter Y has not

been changed, A is now 3 and B is now 5. Go back to step 2 and repeat.

Step 2, X = 2, Y = 3+5 = 8 Setp 3, X = 4, Y = 5+8= 13 So answer is 13.


Five brothers have among them a

pair of twins who are neither the oldest nor the youngest. E is older than C but younger than B. D is younger than 3 brothers

The youngest is 1] A 2] B 3] C 4] D


Solution. . . . B> E &A>D> C Thus youngest is C.


A, B, G and T are robots and P,Q, R, S ,T& U are machines. No robot can be assigned to more than 1 machine at the same time.

A and B are required to run machine T Band G are required to run machine R G and T are required to run Machine P Machine Q can be run by only A Machine S and U can be run by any of the robots

independently 1. If machine Q is running which other machines cannot

run simultaneously? P&S R T S&T


Solution . . Machine Q is run by A. A also runs

machine T. thus T cannot run simultaneously.


Sumit has not decided on which of the 4 novels to buy. He is considering a thriller, mystery, romance and a fiction novel. The books are written by R,G,Bu,Ho and published by Hr,P,Bl and S and not necessarily in that order. The book by R is published by S The thriller is published by Hr The fiction novel is by Bu and is not published by Bl The romance is by Ho.

Question: P publishes 1. mystery 2. fiction 3 novel by R none of these


Solution : R G B

FHRom

H- ThP

NN

YN

NY

NN

BS

NY

NN

NN

YN


Answer / / P publishes fiction. Answer.


A. Suresh and Seema are married.

B.Suresh and Seema were paired at the gameC. Suresh knows Seema well.D. Suresh loves Seema.E. Only married couples are paired at the game.F. None of those paired at the game are married.

Which is logically connected: 1BFD 2 BEA 3 AEF 4 ACD


SOLUTION : OPTION 2. AS ONLY MARRIED

COUPLES COULD BE PAIRED.


A Most bags are made of leather.

B. Bags are made of leather.C. This item is not a bag.D. This item is a bag.E. This item is not made of leather.F. This item is made of leather.

1ADF 2BCE 3 AEF4 BDF


ANSWER. . . OPTION 4


A. CAs are ambitious.B. Ambition is a characteristic of all CAs.C. Atul is a CA.D. Atul is not ambitious.E. All ambitious people are CAs.F. Atul is ambitious.

1 ACE 2 CFE 3 BCF 4ADE

SOLUTION: 3RD OPTION.


A. Some men are doctors.B. Some men are not doctors.C. All doctors are graduates.D. Some women are not graduates.E. Some men are not graduates.F. Some graduates and women are not doctors.

FIND THE LOGICAL SEQUENCE: 1DAE 2CBA 3DCB 4CEB

SOLUTION: 4TH OPTION.


A. Some women are aggressiveB.Aggressive women are unpopular.C.Anita is a woman.D.Anita is aggressive.E.Anita is unpopular.F.All women are unpopular.

1CDB 2EBF 3BDE 4ABF SOLUTION : 3RD OPTION.


A. All football players play good cricket.B.Many basket ball players are not good football players.C.Naresh is a good football player.D.Naresh plays good cricket.E.Suresh plays cricket well.F.Suresh plays football badly.

1ECA 2EBF 3ABD 4ACD

SOLUTION 4TH OPTION


A. All horses are friendly.

B.All horses are honest.C.All horses are animals.D.All horses need food.E.All animals need food.F.All animals need shelter.

1CDE 2BCD 3CED 4ABC

SOLUTION: 3RD OPTION


A.No CA is a good manager.

B.Some CAs are not unprofessional.C.Some good managers are unprofessional.D.No good manager is unprofessional.E.Some good managers are CAsF.All CAs are unprofessional

1BCE 2FDA 3BDE 4ABE

SOLUTION: 2ND OPTION.


A.All Italians are hardworking.B.Some Italians are not hardworking.C.Italians are thrifty.D.Rome is populated only by Italians.E.Some Romans may not be hardworking.F.Some Romans are not hardworking.

FIND THE MOST LOGICAL SEQUENCE:

1BDF 2BDE 3ADE 4DEF SOLUTION: 2ND OPTION


ABOUT AFTERSCHOOOL Afterschoool conducts three year integrated PGPSE (after

class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society.


Why such a programme? To promote people to take up entrepreneurship

and help develop the society To enable people to take up franchising and

other such options to start a business / social development project

To enable people to take up social development as their mission

To enable people to promote spirituality and positive thinking in the world


Who are our supporters? Afterschoolians, our past beneficiaries,

entrepreneurs and social entrepreneurs are supporting us.

You can also support us – not necessarily by money – but by being promotor of our concept and our ideas.


About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs

Most flexible, adaptive but rigorous programme Available in distance learning mode Case study focused- latest cases Industry oriented practical curriculum Designed to make you entrepreneurs – not just an

employee Option to take up part time job – so earn while you

learn The only absolutely free course on internet


Workshops from AFTERSCHOOOL IIF, Delhi CIPS, Jaipur ICSI Hyderabad Branch Gyan Vihar, Jaipur Apex Institute of Management, Jaipur Aravali Institute of Management, Jodhpur Xavier Institute of Management, Bhubaneshwar Pacific Institute, Udaipur Engineering College, Hyderabad


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relevance


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education by distance mode. / you may attend weekend classes Scholarships for those from poor economic background Latest and constantly changing curriculum – keeping pace with

the time Placement for those who are interested Admissions open throughout the year Latest and most advanced technologies, books and study material


Components Pedagogy curriculum and approach based on IIM Ahmedabad and ISB

Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development Essential softwares for business Business plan, Research projects Participation in conferences / seminars Workshops on leadership, team building etc. Written submissions of research projects/articles / papers Interview of entrepreneurs, writing biographies of entrepreneurs Editing of journals / newsletters Consultancy / research projects Assignments, communication skill workshops Participation in conferences and seminars Group discussions, mock interviews, self development diaryng Mind Power Training & writing workshop (by Dr. T.K.Jain)


Pedagogy Case analysis, Articles from Harvard Business Review Quiz, seminars, workshops, games, Visits to entrepreneurs and industrial visits Presentations, Latest audio-visuals Group discussions and group projects Periodic self assessment Mentoring and counselling Study exchange programme (with institutions out of India) Rural development / Social welfare projects


Branches AFTERSCHOOOL will shortly open its

branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs.


Case Studies We want to write case studies on social

entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs.


Basic values at afterschoool Share to learn more Interact to develop yourself Fear is your worst enemy Make mistakes to learn Study & discuss in a group Criticism is the healthy route to mutual support and

help Ask fundamental questions : why, when, how &

where? Embrace change – and compete with yourself only


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Accounting Fundamentals 4 Oct