{"id":5707,"date":"2020-06-02T19:38:22","date_gmt":"2020-06-02T09:38:22","guid":{"rendered":"https:\/\/casestudyhelp.com\/sample-questions\/?p=5707"},"modified":"2020-06-02T19:38:22","modified_gmt":"2020-06-02T09:38:22","slug":"mba-accounting-theory-assessment-answers-rome-business-school","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/mba-accounting-theory-assessment-answers-rome-business-school\/","title":{"rendered":"MBA Accounting Theory Assessment Answers | ROME BUSINESS SCHOOL"},"content":{"rendered":"

MBA \u2013 Master of Business Administration Accounting Assessment<\/strong><\/h2>\n
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Searching for\u00a0MBA Accounting Theory Assessment Answers? Get Case Study\u00a0Answers on\u00a0MBA Accounting Theory (ROME BUSINESS SCHOOL). We Provide Financial Accounting Assignment Help<\/strong><\/a>, Accounting Assignment Help<\/strong><\/a> & MBA Assignments Helper<\/strong><\/a> from Masters and PhD Expert at affordable price? Acquire HD Quality research work with 100% Plagiarism free content.<\/p>\n<\/blockquote>\n

\"Order-now\"<\/a><\/p>\n

Assessment Details:<\/strong><\/p>\n

Module:\u00a0<\/strong>Accounting<\/p>\n

Section B: <\/strong>Theory<\/p>\n

Length of Assessment:\u00a0<\/strong>14 Days<\/p>\n

Percentage of final grade given:\u00a0<\/strong>80 points<\/p>\n

 <\/p>\n

Question 1.<\/span><\/strong><\/p>\n

A company\u2019s sales for 2019 were N500 million and its total Trade Receivables for that year was N60 million.<\/p>\n

Assumptions are:<\/strong><\/p>\n

    \n
  1. All Sales were made on credit\u00a0terms.<\/li>\n
  2. There are 365 days in the\u00a0year.<\/li>\n<\/ol>\n

    Required<\/strong><\/p>\n

      \n
    1. Calculate its Debt collection\u00a0period.<\/li>\n
    2. Comment on its efficiency<\/li>\n<\/ol>\n

       <\/p>\n

      Question 2<\/span><\/strong><\/p>\n

      EZ Enterprises has the following results for the period ended 31st December 2018.<\/p>\n

        \n
      1. Sales revenue: N20 million<\/li>\n
      2. Opening inventory N750,000.00<\/li>\n
      3. Purchases: N10 million<\/li>\n
      4. Closing Inventory: N2 million<\/li>\n<\/ol>\n

         <\/p>\n

        Calculate<\/strong><\/p>\n

          \n
        1. Cost of Sales<\/li>\n
        2. Gross Profit<\/li>\n<\/ol>\n

           <\/p>\n

          Question 3<\/span><\/strong><\/p>\n

          For each of the following situations state their effects on a Company\u2019s Cash Balances with a<\/p>\n

          YES <\/strong>or NO<\/strong><\/p>\n

            \n
          1. A Bonus Issue of Ordinary shares at the year\u00a0end.<\/li>\n
          2. A Director\u2019s sale of a large chunk of her shares on the floor of the Nigeria Stock Exchange<\/li>\n
          3. Depreciation charge for the year for Motor\u00a0Vehicles.<\/li>\n
          4. Purchase of Inventory from an authorized vendor on Credit<\/li>\n
          5. Proceeds from the Disposal of an old Generator<\/li>\n
          6. A decrease in Trade Receivables<\/li>\n
          7. A decrease in Trade payables<\/li>\n
          8. The relocation of a New generator to another office within the premises<\/li>\n
          9. Fixed term deposit placement with a bank<\/li>\n
          10. Deployment of a new Accounting Enterprise software during the year<\/li>\n<\/ol>\n

             <\/p>\n

            Question 4<\/span><\/strong><\/p>\n

            If a business is over trading, do you think the following ratios would be HIGHER <\/strong>or LOWER <\/strong>than normally expected?<\/p>\n

            Include short explanations with the answer.<\/p>\n

              \n
            1. Current Ratio<\/li>\n
            2. Settlement Period for Trade Payables<\/li>\n
            3. Settlement period for Trade Receivables<\/li>\n<\/ol>\n

               <\/p>\n

              Question 5<\/span><\/span><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
              GLORIA LTD TRIAL BALANCE EXTRACTS AS AT 31ST DECEMBER 2019<\/strong><\/td>\n<\/tr>\n
              <\/td>\n<\/td>\n<\/td>\n<\/tr>\n
              <\/td>\nN,000<\/strong><\/td>\nN,000<\/strong><\/td>\n<\/tr>\n
              Bank Balance<\/td>\n300<\/td>\n<\/td>\n<\/tr>\n
              Sales<\/td>\n<\/td>\n500<\/td>\n<\/tr>\n
              Stationery and office supplies expenses<\/td>\n35<\/td>\n<\/td>\n<\/tr>\n
              Generator maintenance expenses<\/td>\n40<\/td>\n<\/td>\n<\/tr>\n
              Other Administrative expenses<\/td>\n20<\/td>\n<\/td>\n<\/tr>\n
              Furn & Equip at cost<\/td>\n250<\/td>\n<\/td>\n<\/tr>\n
              Accum Dep at 1st Jan 2019<\/td>\n<\/td>\n50<\/td>\n<\/tr>\n
              Purchases<\/td>\n100<\/td>\n<\/td>\n<\/tr>\n
              Opening Inventory<\/td>\n105<\/td>\n<\/td>\n<\/tr>\n
              Ordinary Share capital<\/td>\n<\/td>\n300<\/td>\n<\/tr>\n
              Trade Receivables<\/td>\n100<\/td>\n<\/td>\n<\/tr>\n
              Trade Payables<\/td>\n<\/td>\n100<\/td>\n<\/tr>\n
              <\/td>\n<\/td>\n<\/td>\n<\/tr>\n
              <\/td>\n950<\/strong><\/td>\n950<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

               <\/p>\n

               <\/p>\n

              Reference ID:\u00a0#getanswers2001256<\/span><\/strong><\/p>\n

               <\/p>\n