Nitesh Bhandari (Ca Finalist Articled Trainee) (93 Points)
10 May 2010Hey Friends how was d paper today.. how much are u expecting?
please share your views on the paper.. :-)
Nitesh Bhandari
(Ca Finalist Articled Trainee)
(93 Points)
Replied 10 May 2010
here are the answers for todays paper.. just tell me if iam right?
1 (III).
| Max. Level = ROQ+ROL-(Minimum usage * minimum lead Time) | |||||
| 8000 = 5000+ A - ( {50*8}*4days) | |||||
| A = 8000 - 5000 + 1600 | |||||
| A = 4600 | |||||
Ayyswariya RG
(Knowledge Seeker)
(3711 Points)
Replied 10 May 2010
paper was a bit lengthy... have to manage time properly. i was nt able to attend full paper
Ayyswariya RG
(Knowledge Seeker)
(3711 Points)
Replied 10 May 2010
i left that question as time was not sufficient for me
Nitesh Bhandari
(Ca Finalist Articled Trainee)
(93 Points)
Replied 10 May 2010
4. PV ratio
Change in Profit / Change in sales
1000000/2500000 = 40 %
Fixed Cost
Sales = 57L
Cont = 22.8L
Profit = 7L
F.C = 15.8L
Sales Reqd for Profit of 1200000
FC+Cont shud b equal to Cont
15.8+12=40% of sale
sales = 69.5L
Nitesh Bhandari
(Ca Finalist Articled Trainee)
(93 Points)
Replied 10 May 2010
6. Balancesheet - ratio
Fixed Assets = 1500000
Debtors = 500000
Stock = 375000
Cash = 250000
Total = 2625000
networth = 15L/1.2 = 12.5L
SC = 12.5/1.6 = 781250
R&S = 468750
Sundry Creditors = 750000
Borrowings = 625000
Ayyswariya RG
(Knowledge Seeker)
(3711 Points)
Replied 10 May 2010
ya ya. i also got the same. can u tel me process a/c's
Nitesh Bhandari
(Ca Finalist Articled Trainee)
(93 Points)
Replied 10 May 2010
| Cash Flow before Tax & Depn. | 345000 | 455000 | ||||
| Less : Depreciation | 200000 | 250000 | ||||
| PBT | 145000 | 205000 | ||||
| Tax | 43500 | 61500 | ||||
| PAT | 101500 | 143500 | ||||
| Add : Depn | 200000 | 250000 | ||||
| CFAT P.A | 301500 | 393500 | ||||
| AVF @ 12% for 5 & 6 years | 3.605 | 4.112 | ||||
| Total DCFAT | 1086908 | 1618072 | ||||
| Less : Investment | 1000000 | 1500000 | ||||
| Net Present Value | 86907 | 118072 | ||||
| Discounted Payback Period | ||||||
| AVF for 4 & 5 years | 3.038 | 3.605 | ||||
| Cah Flow Till last but one Year | 915957 | 1418568 | ||||
| Cah Flow for the last year | 170950 | 199504 | ||||
| Required cash Flow for pay back | 84043 | 81432 | ||||
| Average part of year | 0.491623 | 0.408172 | ||||
| No. of years | 4 | 5 | ||||
| Discounted Payback Period | 4.491623 | 5.408172 | ||||
| AVF @ 12% for 5 & 6 Years | 3.605 | 4.112 | ||||
| Total DCFAT @ 12% | 1086908 | 1618072 | ||||
| AVF @ 16% for 5 & 6 Years | 3.274 | 3.684 | ||||
| Total DCFAT @ 16% | 987111 | 1449654 | ||||
| Difference for 4 % | 99796.5 | 168418 | ||||
| Amount required in excess of 12% | 86907.5 | 118072 | ||||
| Proportionate % | 3.483389 | 2.804261 | ||||
| IRR | 15.48339 | 14.80426 | ||||
| Since NPV is superior IRR even though higher than second | ||||||
| machinery for the first machinery. Second mach. Must be purchased | ||||||
Kushal
(Article)
(77 Points)
Replied 10 May 2010
Thanx a ton for the last ans.. yippie .. got it right :)
Basanti
(PCC Student)
(45 Points)
Replied 10 May 2010
Costing & FM Paper is gone!!!!!!!!!!!!!!!!!!!
Now please suggest something for TAX?????????????????????????????????
CAclubindia
