Mgt503 Assignment No. 1 Announced

Case
Ali had worked with his father in a successful building materials business. The family had sold the company, and the Ali received a portion of the sales price. After several months, Ali began thinking about starting or buying a company. One of his hobbies was backpacking; he had hiked the highest peaks in 30 of the 50 states. In his search for a new business, Ali heard of a company that made small trailers for motorcycles. These trailers were fairly popular with retirees who were cyclists and with individuals who liked to travel on motorcycles in order to go into the back-woods where a car could not go.
After several meetings, Ali and the current owner of the firm negotiated a selling price and the deal was consummated. Immediately after the purchase, Ali moved the business from its present location to his own town, several hundred miles away.
Glossary
Backpacking- hiking and camping, Backwoods- wasteland, Consummated- to conclude something
1. Why should Ali buy the company instead of starting his own firm? (7)
2. What are the pros and Cons for Ali’s buying of this particular business?(8)

ECO402 Assignment Solution

Solution:

Qd=Qs
Qs=850-25P
Qs=500+45P
As We Know Qd=Qs
So
850-25P=500+45P
850-500=45P-25P
350=20P
P=350/20
P =17.5
Qs=500+45P
Qs=500+45(17.5)
Qs=500+787.5
Qs=1287.5
As we know Qs=Qd For equilibrium

So it will be at 1287.5

Qd=Qs
850-25p=500+45P
850-500=45p+25P
350=70P
P=350/70
P=5 (equilibrium price)
Now,
Putting the value of P in eq 1, we will get the equilibrium quantity,
Q=500+45(5)
Q=500+225
Q=725 per bushel

Mgt111 Assignment Solution

Assignment#1 (Mgt 111)

Civil Services have become the key wheels on which the entire engine of the state has to move. Hence the leaders for these services are drawn through the competitive examination. The officers thus appointed are bestowed with solemn responsibilities and are scheduled to hold the highest offices of the country.

Pakistan today needs young men and women, with qualities of both head and heart. To choose only such balanced individuals is the purpose of the civil services examination.

We discussed to the following points:-

ü Police Service of Pakistan
ü Foreign Service of Pakistan
ü Pakistan Audit & Accounts Services
ü Commerce & Trade Group

ü Railways Group

1) Polce Service Of Pakistan:-

The Police Service of Pakistan (PSP) is comprised of police officers selected through the Federal Public Service Commission Entry is at the level of Assistant Superintendent
of Police.

Under the old Police Act, the Police had many responsibilities. But with the enforcement of Police Order 2002, it has been given a leadership role alongwith lot more responsibilities and accountabilities. Every new posting is a challenge it is a never ending war against crime, social evils and every day problems of the people residing in a particular area.

2) Foreign Service Of Pakistan:-

Foreign Service of Pakistan was constituted on an ad hoc basis immediately on the birth of Pakistan. The Service was first given an executive fiat in a decision of the Federal Cabinet in July, 1948. A formal resolution constituting the service was announced in October 1952. It envisaged diplomatic posts in the Ministry of Foreign Affairs and in the Diplomatic and consular missions of Pakistan abroad. The resolution provided for the posts of (a) Secretary (1), (b) Joint Secretaries (2), (c) Deputy Secretaries (8), and (d) Under Secretaries (16) Posts for Pakistan Diplomatic Missions abroad provided for Ambassadors (17), High Commissioners (5), Ministers (4), Commissioners (1), Deputy High Commissioners (2), Counselors (15), First Secretaries (10), Second Secretaries (19), Third Secretaries (31), Consul General (3), Consul (4), and Vice Consul (7).

3) Pakistan Audit & Accounts Services:-

Pakistan Audit and Accounts Service operates under the constitution 1973, article 144 to 176, and is presently being run through Presidential Order No 23/2001.
The functions and powers of Auditor General Pakistan have been defined in the above mentioned order. The Auditor General enjoys a tenure posting of five years under the constitution. He is responsible to maintain accounts of the public sector organizations and is responsible to conduct audit of the same.

4) Commerce and Trade Group:-

Consequent upon the introduction of Administrative Reforms of 1973 aiming to create Civil Services of specialized nature and responsibility, the Trade Service of Pakistan (TSP) was changed into Commerce & Trade Group to administer Export Promotion Bureau, Office of the Chief Controller of Imports & Exports, National Tariff Commission, Trade Marks Registry and Department of Insurance. The posts of Commercial Secretary/Counsellor in Pakistani missions abroad have been kept open to all services, due to the fact that the Office Memorandum under which the Commerce & Trade Group was created did not mention these posts.

5) Railways Group:-

Pakistan Railways forms the life line of the country catering to all its needs for the large scale movement of freight as well as passenger traffic thereby contributing to economic growth and national integration.

Pakistan Railways is a multi-cadre/multi branch organization and can be dubbed as a mini-govt. For running a huge organization like that of Railways, various branches are serving to run the business smoothly. The Railways Commercial & Transportation (C&T) group plays the most important role as such it is the only cadre in Railways, inducted through CSS and is a part of Civil Services Academy Alumni C&T group is also called as operating and management department as it is solely responsible for the promotion of commercial business (freight & passenger) and for overall safety concerning train movement and operations.

Mgt201 Assignment No. 1 Solution

Financial Management MGT201

Assignment 1

ABC Corporation, a maker of electronics equipments, is considering selling the rights to market its products to a well-known advertising firm.

The proposed deal calls for annual year end payments of Rs.15,000 in years 1 through 7 and payments of Rs.30,000 and Rs.25,000 at the end of 8th and 9th year respectively. A final payment of Rs. 10,000 would be due at the end of year 10

1. If ABC Corporation applies a required rate of return of 12% to them, what is the present value of this series of payments?

Solution:

Year Cash Flows Present Value of Cash Flows

PV = FV / (1+i)^n

1) 15,000 13,392.86

2) 15,000 11,957.91

3) 15,000 10,676.70

4) 15,000 9,532.77

5) 15,000 8,511.40

6) 15,000 7,599.47

7) 15,000 6,785.24

8) 30,000 12,116.50

9) 25,000 9,015.25

10) 10,000 3,219.73

Present Value of series of payments 92,807.83

2. A second company has offered ABC Corporation a payment of Rs.30,000 now and another final payment of Rs.80,000 at the end of year 3 for the rights to market the products. Which offer should ABC Corporation accept?

Year Cash Flows Present Value of Cash Flows

PV = FV / (1+i) ^n

1) 30,000 30,000.00 (As this payment was made immediately, therefore carries no interest)

3) 80,000 56,942.42

Present Value of series of payments 86,942.42

ABC corporation must accept the proposal whose Present Value of Series of Payment is higher

i.e. 92,807.83

Mgt402 Assignment No. 1 solution

Solution;

1)

Date	Received			Issued			Balance
	Gallons of material	Unit cost	amount	Gallons of material	Unit cost	amount	Gallons of material	Unit cost	amount
2008		Rs	Rs		Rs	Rs		Rs	Rs
MAR.1							250	5.00	1250
MAR.3	1200	10	12000				250 1200	5.00 10	1250 12000
MAR.7				250 400 650	5.00 10	1250 4000	800	10	8000
MAR13	150	10	1500				150 800	10 10	1500 8000
				80	10	800	70 800	10 10	700 8000
MAR29
MAR29							870	10	8700

CLOSING INVENTORY ACCORDING TO FIFO IS Rs. 8700.

2.

Rs.

Opening Inventory =250*5=1250

ADD. Net Purchases = (1200*10)-(80*10)

=12000-800

=11200

Material Available for use =1250+11200=12450

Less closing inventory =12450-8700

Direct Material Consumed =3750

Add Direct Labor Cost =3750+9325

Prime Cost =13075

Add FOH =13075*(1000*6)

Total Factory Cost =19075

Cost of goods to be manufactured =19075

Less Closing WIP =19075-2450

Cost of Goods Manufactured =16625

Cost of Goods to be sold =16625

Less Closing Finished Goods =16625-4530

Cost of Goods Sold At Normal =12095

Add Under Applied FOH =12095+1500

Cost of Goods Sold At Actual =13595

SUPPORTING CALCULATION

Actual FOH =7500

Applied FOH =6000

Under Applied FOH =1500