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Thursday, 25 November 2010

MTH 302 Solved MidTerm Spring 2010

MIDTERM  EXAMINATION
Spring 2010
MTH302- Business Mathematics & Statistics
Ref No: 1306049
Time: 60 min
Marks: 40
Student Info
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Question No: 1      ( Marks: 1 ) - Please choose one


If a profit ratio of A and B is , then A’s share in profit will be


       2/5

       2/3

       3/2

       3/5


Question No: 2      ( Marks: 1 ) - Please choose one


After the merchant buys merchandise, it is sold at a higher price called the _______

       Sale price


       Revenue discount


       Selling price

       Cost price


Question No: 3      ( Marks: 1 ) - Please choose one


Monthly installments of a leased car are calculated by using the techniques of:

       Simple interest method


       Compound interest method


       Annuity

       Hit & trial method


Question No: 4      ( Marks: 1 ) - Please choose one



   3x2 + 5x – 7 is ---------------   expression.


       Monomial

       Binomial

       Trinomial

       Linear 


Question No: 5      ( Marks: 1 ) - Please choose one


Witch of the following percent is Conveyance Allowance of the basic salary?

       2.5%

       45%

       5%

       None of these


Question No: 6      ( Marks: 1 ) - Please choose one


0^1=?

       0

       1

       undefined

       infinity


Question No: 7      ( Marks: 1 ) - Please choose one


If an asset is purchased at Rs 3000 on the date 6/29/2008 and the first depreication period ends on 11/29/2008, where salvage value is 300 and period is taken as 1 on  20% interest rate where basis =1, then which of the following function Returns the depreciation for given accounting period


       =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1*12, 20%, 1)

       =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1, 20% / 12 , 1)

       =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1, 20%, 1)

       =AMORLINC(3000, 6/29/2008, 11/29/2008, 300, 1*12 , 20%/12, 1)

       None of these


Question No: 8      ( Marks: 1 ) - Please choose one


To add numbers based on one condition we use

       DSUM function.


       AVERAGE function.


       SUMIF function .         

       all functions given in above choices .


Question No: 9      ( Marks: 1 ) - Please choose one


If is the matrix of dimension  and is the identity matrix of dimension . Then which of the following is true


       AI = I


             AI = A

       A + I = A


       A + I = I



Question No: 10      ( Marks: 1 ) - Please choose one


Linear equation:  has the solution only if


      

      

      

      


Question No: 11      ( Marks: 1 ) - Please choose one


Which of the following is the correct formula for calculating the contribution margin


       S-VC

       VC-S

       S-FC

       FC-S


Question No: 12      ( Marks: 1 ) - Please choose one


If C is the cost and S is the selling price of a certain item then the formula for its markup is given by


       (S-C)/S *100%


       (S-C)/C *100%


       (C-S)/S *100%


       (C-S)/C *100%



Question No: 13      ( Marks: 1 ) - Please choose one


If A is a matrix whose determinant is zero then its inverse is given by:


       zero

       product of its diagonal entries

       infinite

       cannot be determined


Question No: 14      ( Marks: 1 ) - Please choose one


If A= [a b c] is a matrix then in order to find AB, the number of columns B must have are


       3

       1

       2

       any non zero number


Question No: 15      ( Marks: 1 ) - Please choose one


 percentage of ratio of given number with standard numbe is.......

       100

       Same number

       1000

       10


Question No: 16      ( Marks: 1 ) - Please choose one


Negative sign with net income means

       Net profit is zero

       Net Loss

       Net income is not sufficient

       Negative sign cannot come with net income


Question No: 17      ( Marks: 1 ) - Please choose one


If 5x =7t, then the ratio x: t = …..

       5:7

       7:5

       15:7

       5:17


Question No: 18      ( Marks: 1 ) - Please choose one


What shall be contribution margin if sale price is Rs.50 and variable cost is
Rs.30?


              Rs.80

       Rs.20

       Rs.30             

       none of these


Question No: 19      ( Marks: 1 ) - Please choose one


For multiplication of two matrices A and B

       The no. of rows of A must be equal to columns of B


       The no. of rows of B must be equal to no. columns of A


       The no. of columns of A must be equal to no. rows of B


       None of these



Question No: 20      ( Marks: 1 ) - Please choose one


 If the price of a shirt is Rs 250 and discount on its price is Rs 30, what is the percentage of discount?


       10 %

       11%

       12%

       15%


Question No: 21      ( Marks: 2 )


If A is a matrix of order 3x3,
A =
then find its determinant?


Question No: 22      ( Marks: 2 )


After marketing analysis, calculate the break even point in rupees provided that
 Fixed Cost = Rs.500, Contribution Margin = Rs.250 & expected sale rate is 1000 per item.



Question No: 23      ( Marks: 3 )


An item is marked down 15%; the sale price is Rs. 127.46. What was the original price?



Question No: 24      ( Marks: 3 )


Cost analysis provides the following information:

Fixed Costs (FC) per period = Rs. 20000

Variable Costs (VC) = Rs. 30 per unit.

Selling price per unit = S = 50 Rs

Production Capacity per period = 800 units

Contribution Margin per unit =Rs 20
. Calculate BEP in Rs .



Question No: 25      ( Marks: 5 )


The product that regularly sells for $650 is marked down to $500. What is the rate of markdown?


Question No: 26      ( Marks: 5 )


Evaluate the sum of the years digits depreciation of an asset having the cost of Rs.10,000  for a period of 5 years such that salvage value after 7 years is Rs.5000.


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