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Mastering Probability and Statistics: A Guide for MBA Students

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  In the fast-paced world of business and management, making sound decisions amidst uncertainty is critical. Whether you’re analyzing market trends, forecasting revenues, or optimizing supply chains, probability and statistics are the ultimate tools in your arsenal. In this blog, we delve into key concepts that will sharpen your analytical thinking and empower you to …

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Cost & Management Accounting Practical Problems & Solutions

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The stock in hand of material as on 1st September was 500 units at Rs. 10 per unit. The following purchases and issues were subsequently made. Prepare the Stores Ledger Account showing how the value of the issues would be recorded under FIFO method. Purchases 6th Sept. 100 units at Rs. 11 20th Sept. 700 …

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Accounting Equation Solved Problems for Class -11 (TS Grewal)

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The accounting equation is like the foundation of a house, supporting everything built on top of it. In simple terms, it shows that everything a company owns (its assets) is funded either by what it owes (its liabilities) or by what the owners have invested (its equity). The accounting equation, fundamental to the double-entry accounting …

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Decision Tree Diagram with EMV’s

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Q1. Draw the decision tree diagram and explain the best possible decision based on EMVs (Expected Monetary Values)  On the 1st April 2023, Rajinder Saproo, an investor is in a dilemma for the investment of 10 lakh INR. He has consulted his Mumbai based friend, MukulBhai Gadhecha, an investment expert for this matter. Mr Saproo …

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Cost Sheet Preparation

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Q1. The following details have been extracted from Sam Ltd.’s books of accounts for the year ending March 31, 2023. The manager of the company is shared and divides his time between the factory and the office in the ratio of 20:80. You are required to compute: (a)prime cost, (b) factory overhead, (c) factory cost, …

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Quantitative Techniques for Management Solved question paper of Calcutta University

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2021BUSINESS ADMINISTRATION — HONOURSPaper : A501 (C-11)(Quantitative Techniques for Management)Full Marks : 80 Solution: To formulate this problem as a Linear Programming (LP) problem, we need to define the objective function and the constraints. Objective Function: The objective is to minimize the cost of production. We’ll define this cost as the total cost (in rupees) …

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The Transportation Problem and the Assignment Problem

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The transportation problem The transportation problem is a classic optimization problem in the field of operations research and management science. It involves finding the most cost-effective way to transport goods from multiple suppliers to multiple consumers, taking into account supply and demand constraints, as well as transportation costs. Here are the key components and elements …

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LINEAR PROGRAMMING SOLUTION – GRAPHICAL METHOD

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INTRODUCTIONThere are two methods available to find an optimal solution to a Linear Programming Problem. One is a graphical method and the other is a simplex method. The graphical method can be used only for a two-variable problem i.e. a problem that involves two decision variables. The two axes of the graph (X & Y …

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Underwriting of Shares Solved Sums for BBA 2023

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Illustration 2.2Model: Issue of both shares and debentures underwritten by one underwriter Veer Ltd. issued 5,000 equity shares of 100 each and 5,000 10% debentures of 100 each. The debentures were issued at a discount of 8%. The whole of the issue was underwritten by M/s Durai & Co. for a commission of 2.5% on …

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Underwriting of Shares and Debentures

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When a company issues shares, it should receive the amount of minimum subscription as mentioned in the prospectus. According to the provisions of Section 69 (1) of the Companies Act, the minimum subscription should not be less than 90% of the issue value. It should be received within 120 days from the date of opening …

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