CASH MANAGEMENT Flashcards

1
Q

Which of the following will NOT appear in a Cash Budget?
(A) Machinery bought on hire purchase
(B) Depreciation of machinery
(C) Sales revenue
(D) Wages

A

(B) Depreciation of machinery

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2
Q

Which of the following is not true about a cash budget?
(A) A cash budget sets out all cash receipts and payments that a business expects to make over a period of time.
(B) Cash budgets are usually prepared on a month-to month basis.
(C) Cash budgets show the expected bank balance at the end of the month.
(D) Cash budgets include personal cash receipts and expenses.

A

(D) Cash budgets include personal cash receipts and expenses.

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3
Q

Of the four costs shown below, which would not be included in the cash budget of an insurance firm?
(A) Depreciation of fixed asset
(B) Commission paid to agents
(C) Office salaries
(D) Capital cost of a new computer

A

(A) Depreciation of fixed asset

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4
Q

A cash budget for the six months ended 30th September 2020 shows an anticipated overdraft of approximately ₹ 9,05,500. Which of the following would reduce the expected overdraft?
(A) Allowing customers two months credit, instead of one month credit, in which to pay.
(B) Suppliers’ purchases being made for cash, instead of one month’s credit.
(C) Assets being leased, rather than purchased for cash, in 2020.
(D) Charging depreciation on fixed assets at 25% on the straight-line basis, rather than 20%.

A

(C) Assets being leased, rather than purchased for cash, in 2020.

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5
Q

NSZ Ltd. cash budget forewarns of a short term surplus. Which of the following would be appropriate action to be taken in such a situation?
(A) Increase debtors and stock to boost sales
(B) Purchase new fixed assets
(C) Repay long term loans
(D) All of the above

A

(A) Increase debtors and stock to boost sales

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6
Q

Which of the following is least likely to be considered a short-term marketable security?
(A) An original issue 30 years corporate bond with 1 year remaining until final maturity.
(B) An original issue 30 years government bond with 1 year remaining until final maturity.
(C) 90 days Treasury bill.
(D) Short-term corporate debt instruments with 9 months original maturity.

A

(A) An original issue 30 years corporate bond with 1 year remaining until final maturity.

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7
Q

Which of the following would NOT lead to an increase in net cash flow?
(A) Larger sales volume
(B) Reduced materials costs
(C) Lower depreciation charge
(D) Higher selling price

A

(C) Lower depreciation charge

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8
Q

The optimal balance of marketable securities held to take care of probable deficiencies in the firm’s cash account is referred to as the ……. segment in the firm’s portfolio of short-term marketable securities.
(A) Ready cash
(B) Controllable cash
(C) Free cash
(D) Cash and cash equivalent

A

A) Ready cash

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9
Q

Advantages of maintaining cash budgets would not include one of the following:
(A) Surplus cash can be put to more profitable uses if expected to occur
(B) Debtors can be paid more quickly
(C) Time is available to investigate the possible future sources of finance
(D) Overdrafts can be negotiated in advance of when they are needed

A

(B) Debtors can be paid more quickly

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10
Q

Which of the following statements most accurately describes the modern approach to cash management?
(A) Cash management involves the efficient disbursement of cash.
(B) Cash management involves the efficient collection and disbursement of cash.
(C) Cash management involves the efficient processing, collection, and depositing of cash.
(D) None of the above

A

(C) Cash management involves the efficient processing, collection, and depositing of cash.

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11
Q

Which of the following would be found in a cash budget?
(A) Capital expenditure
(B) Provision for doubtful debts
(C) Depreciation
(D) Accrued expenditure

A

(C) Depreciation

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12
Q

Collection float is the
(A) Total time between the mailing of the cheque by the customer and the availability of cash to the receiving firm.
(B) Time consumed in clearing the cheque through the banking system.
(C) Time the cheque is in the mail.
(D) Time during which the cheque received by the firm remains uncollected.

A

(A) Total time between the mailing of the cheque by the customer and the availability of cash to the receiving firm.

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13
Q

Which of the following will not affect preparation of cash budget?
(A) Loan taken by firm
(B) Proceeds from asset disposal
(C) Reduction in provision for doubtful debts
(D) Cash sales

A

(C) Reduction in provision for doubtful debts

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14
Q

Deposit float is the
(A) Total time between the mailing of the cheque by the customer and the availability of cash to the receiving firm.
(B) Time consumed in clearing the cheque through the banking system.
(C) Time the cheque is in the mail.
(D) Time during which the check received by the firm remains uncollected.

A

(D) Time during which the check received by the firm remains uncollected.

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15
Q

Which of the following items would have to be included for a company preparing a schedule of cash receipts and disbursements for the calendar year 2019?
(A) The annual depreciation for the year 2019.
(B) Purchase order issued in December 2014 for items to be delivered in February 2019.
(C) Dividends declared in November 2019, to be paid in January 2020 to shareholders of record as of December – 2019
(D) Funds borrowed from a bank on a note payable taken out in June 2018 with an agreement to pay the principal and all of the interest owed in December 2019.

A

(D) Funds borrowed from a bank on a note payable taken out in June 2018 with an agreement to pay the principal and all of the interest owed in December 2019.

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16
Q

Availability float is the
(A) Total time between the mailing of the cheque by the customer and the availability of cash to the receiving firm.
(B) Time consumed in clearing the cheque through the banking system.
(C) Time the cheque is in the mail.
(D) Time during which the cheque received by the firm remains uncollected.

A

(B) Time consumed in clearing the cheque through the banking system.

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17
Q

A cash budget is like an income statement.
(A) I agree
(B) I disagree
(C) I cannot say
(D) The statement is ambiguous

A

(B) I disagree

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18
Q

Cash management is a broad term used for collecting and managing cash.
Speculative motive of holding cash refers to –
(A) Holding the cash to utilize it in internal projects.
(B) Holding the cash for any future loss the company is expecting.
(C) Holding the cash to avail any future investment opportunity.
(D) Holding the cash to utilize it for international project.

A

(C) Holding the cash to avail any future investment opportunity.

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19
Q

Non-cash transactions
(A) Form part of cash budget
(B) Do not form part of cash budget
(C) May or may not form part of cash budget
(D) I cannot say whether they are part of cash budget

A

(B) Do not form part of cash budget

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20
Q

Companies hold cash time to time. Transaction motive of holding cash means
(A) Keeping a cash reserve for purchasing goods and services to balance out the cash inflows and outflow.
(B) Keeping the cash for all the transactions made during a periodic term.
(C) Keeping the cash for transactions mandatory for day to day activities
(D) Keeping the transactions for foreign trading.

A

(A) Keeping a cash reserve for purchasing goods and services to balance out the cash inflows and outflow.

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21
Q

Cash Budget statement shows the position of business as on …………. of the business period.
(A) Opening date
(B) Closing date
(C) Between opening and closing date
(D) None of the above

A

(C) Between opening and closing date

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22
Q

The statement of cash flows tells us –
(A) The financial position of the business at a point in time.
(B) The forecast cash movements over a period of time.
(C) How much cash has been received and paid during an accounting period.
(D) How much profit the business has made during an accounting period.

A

(C) How much cash has been received and paid during an accounting period.

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23
Q

Net profit+Non-cash expenditure=
(A) Cash profit
(B) Cash flow
(C) Out of cash
(D) Cash gross profit

A

(A) Cash profit

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24
Q

Cash flow is –
(A) Linked only to the balance sheet.
(B) Linked only to the income statement.
(C) Not linked to the balance sheet or income statement.
(D) Linked to the balance sheet and income statement.

A

(D) Linked to the balance sheet and income statement.

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25
Q

The term cash includes
(A) Cash and Bank Balances
(B) All the Current Assets
(C) All the Current Liabilities
(D) None of the above

A

(A) Cash and Bank Balances

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26
Q

Which of the following statement is/are correct and which are incorrect?
I. Idle cash resources entail a great deal of cost in terms of interest charges and in terms of opportunities costs.
II. As per speculative motive of holding case, the efficient firms seek to deploy surplus cash in short term investments to get better returns.
III. Baumol’s model of cash management assumes that the cash is used randomly over a period of time.
Select the correct answer from the options given below:
(A) I & III
(B) I only
(C) II only
(D) III only

A

(D) III only

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27
Q

“Cash budget reveals the effects of transactions involving movement of cash’’. This statement is
(A) Correct
(B) Not correct
(C) Partially correct
(D) None of the above

A

(A) Correct

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28
Q

Which of the following is/are motive(s) for holding cash?
1. Transactional Motive
2. Speculative Motive
3. Derivative Motive
4. Contingency Motive
5. Promissory Motive
Select the correct answer from the options given below:
(A) 1,2,3
(B) 2,4,5
(C) 1,2,4
(D) 1,3,5

A

(C) 1,2,4

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29
Q

Which one of the following events will reduce the cash balances of a business?
(A) Dividend proposed pending share-holder approval
(B) Purchase of stock on credit
(C) Creditors paid amounts owed
(D) Purchase of fixed assets on interest free credit

A

(C) Creditors paid amounts owed

30
Q

Which of the following statement is false?
(A) If the firm is engaged in cash purchase of raw material from a number of sources, its requirement of cash would be less than that a firm which buys on credit.
(B) A firm having cash purchase and cash sale would need to maintain more cash balance than a firm which buys on credit and sells on credit.
(C) Realistic cash forecasting mean that cash forecast for the entire next year should be prepared at its commencement.
(D) All of the above

A

(A) If the firm is engaged in cash purchase of raw material from a number of sources, its requirement of cash would be less than that a firm which buys on credit.

31
Q

A business may incur an operating loss in a given financial year yet has more cash in the bank at the end. A reason for this could be that:
(A) Some fixed assets were sold for cash
(B) Dividends paid were higher this year than last
(C) Payments to creditors were made more promptly
(D) Debtors were allowed a longer period of credit

A

(A) Some fixed assets were sold for cash

32
Q

The motive of holding cash for contingencies is based –
(A) On the fact the most liquid current asset has the maximum potential of value addition to a firm’s business.
(B) On size of the cash pool that depends upon the overall operations of the firm.
(C) On the need to maintain sufficient cash to act as a cushion to buffer against unexpected events.
(D) On medium through which all the transactions of the firm are carried out.

A

(C) On the need to maintain sufficient cash to act as a cushion to buffer against unexpected events.

33
Q

All of the following are true regarding the purpose of the statement of cash flows / cash budget except
(A) It is for predicting future cash flows
(B) It is for determining the company’s ability to pay dividends to share-holders and interest and principle to creditors
(C) It is for evaluating management decisions
(D) It is for reporting net income

A

(D) It is for reporting net income

34
Q

Which of the following is not method of preparation of cash budget?
(A) Receipts & Payments Method
(B) Adjusted Income Method
(C) Adjusted Balance Sheet Method
(D) Adjusted Revenue Method

A

(D) Adjusted Revenue Method

35
Q

Which of the following transactions would not create a cash flow?
(A) A company purchased some of its own shares from a shareholder.
(B) Amortization of a patent
(C) Payment of a cash dividend.
(D) Sale of equipment at book value.

A

(B) Amortization of a patent

36
Q

Which of the following is not an operating cash flow?
(A) Collection of cash from receivables
(B) Payment of income tax
(C) Payment of cash for operating expenses
(D) Purchase of equipment for cash

A

(D) Purchase of equipment for cash

37
Q

If you start with earnings before interest and taxes and then subtract a firm’s tax expense while adding back the amount of depreciation expense for the firm during the year, the resulting figure is called
(A) Free Cash Flow
(B) Operating Cash Flow
(C) Net Cash Flow
(D) Gross Cash Flow

A

(B) Operating Cash Flow

38
Q

Marketable securities are primarily
(A) Short-term debt instruments
(B) Short-term equity securities
(C) Long-term debt instruments
(D) Long-term equity securities

A

(A) Short-term debt instruments

39
Q

In cash flow method for preparing cash budget, payment of dividends and prepaid payments are –
(A) Deducted from opening balance of cash
(B) Added to opening balance of cash
(C) Not included in cash budget
(D) None of the above

A

(A) Deducted from opening balance of cash

40
Q

Concentration banking -…………..
(A) Increases idle balances.
(B) Moves excess funds from a concentration bank to regional banks.
(C) Is less important during periods of rising interest rates.
(D) Improves control over corporate cash.

A

(D) Improves control over corporate cash.

41
Q

As per Cash flow method, the amount of expected net operating cash profit during the fiscal is—
(A) Added to the opening balance of cash
(B) Deducted from the opening balance of cash
(C) Not included in cash budget
(D) None of the above

A

(A) Added to the opening balance of cash

42
Q

Which of the following marketable securities is the obligation of a commercial bank?
(A) Commercial paper
(B) Negotiable certificate of deposit
(C) Repurchase agreement
(D) T-bills

A

(B) Negotiable certificate of deposit

43
Q

Which of the following method is based on technique of cash flow statement?
(A) Cash Accounting Period
(B) Projected Balance Sheet Method
(C) Project forecast method
(D) None of the above

A

(C) Project forecast method

44
Q

The most basic requirement for a firm’s marketable securities –
(A) Safety
(B) Yield
(C) Marketability
(D) Transaction

A

(A) Safety

45
Q

Which of the following statements are not true about Projected Balance Sheet Method?
(A) It is good for long-term
(B) It is appropriate for annual cash forecast
(C) It is of extreme use for planning and control
(D) None of the above

A

(C) It is of extreme use for planning and control

46
Q

Float management is related to –
(A) Cash Management
(B) Inventory Management
(C) Receivables Management
(D) Raw Materials Management

A

(A) Cash Management

47
Q

While preparing cash budget, if there is no specific direction in respect of a particular item, it is assumed that payments or receipts will take place in –
(A) Current month
(B) Next month
(C) Month of occurrence
(D) Insufficient data to decide

A

(C) Month of occurrence

48
Q

Which of the following is not true of cash budget?
(A) Cash budget indicates timings of short-term borrowing.
(B) Cash budget is based on accrual concept.
(C) Cash budget is based on cash flow concept.
(D) Repayment of principal amount of law is shown in cash budget.

A

(B) Cash budget is based on accrual concept.

49
Q

Baumol’s Model of Cash Management attempts to:
(A) Minimise the holding cost
(B) Minimization of transaction cost
(C) Minimization of total cost
(D) Minimization of cash balance

A

(C) Minimization of total cost

50
Q

Which of the following would not lead to an increase in net cash flow?
(A) Higher selling price
(B) Reduced materials costs
(C) Lower depreciation charge
(D) Larger sales volume

A

(C) Lower depreciation charge

51
Q

Z Ltd. has an estimated cash payments of ₹ 8,00,000 for a one month period and the payments are expected to steady over the period. The fixed cost per transaction is ₹ 250 and interest rate on marketable securities is 12% p.a. Optimal cash balance = ₹ and No. of transaction = ?
(A) 20,000; 4.8
(B) 2,00,000; 48
(C) 20,00,000; 480
(D) 2,00,00,000; 4,800

A

(B) 2,00,000; 48

52
Q

The budgeted sales for the next four quarters are ₹ 192,000, ₹288,000, ₹288,000 & ₹ 336,000, respectively. It is estimated that sales will be paid as follows:
75% of the total will be paid in the quarter that the sales were made. Of the balance 50% will be paid in the quarter after the sale was made. The remaining 50% will be paid in the quarter after this.
The amount of cash received in quarter 3 will be
(A) ₹ 276,000
(B) ₹ 144,000
(C) ₹ 324,000
(D) ₹ 240,000

A

(A) ₹ 276,000

53
Q

BDL Ltd. is currently preparing its cash budget for the year to 31 March 2019. An extract from its sales budget for the same year shows the following sales values.
March — 60,000
April — 70,000
May — 55,000
June — 65,000
40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in month after sale and take 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. The value of sales budget to be shown in the cash budget for May 2018 is
(A) ₹ 60,532
(B) ₹ 61,120
(C) ₹ 66,532
(D) ₹ 86,620

A

(A) ₹ 60,532

54
Q

If the beginning balance of cash is ₹ 5,000 and the desired closing cash balance is ₹ 10,000, with the only other cash-related items being sales/revenue ₹ 15,00,000, direct materials purchases ₹ 10,45,000, and cost of direct labour ₹ 4,68,000, what would be the surplus or deficit of cash at the end of the period?
(A) Deficit of ₹ 8,000
(B) Surplus of ₹ 18,000
(C) Deficit of ₹ 18,000
(D) No surplus or deficit

A

(C) Deficit of ₹ 18,000

55
Q

A Ltd. has observed its receivable collection pattern to be as follows: 40% in the month of the sale, 45% in the month following the sale, and 13% in the second month following the sale. Sales for the last 3 months of the year were as follows:
October ₹ 300,000; November, ₹ 450,000 and December, ₹ 625,000. Sales for January are budgeted to be ₹ 375,000.
What are the budgeted cash collections for January?
(A) ₹ 375,000
(B) ₹ 489,750
(C) ₹ 495,750
(D) ₹ 625,000

A

(B) ₹ 489,750

56
Q

N Ltd. has a separate account for cash disbursement. An estimated cash payments of ₹ 262,500 for a one month period and the payments are expected to steady over the period. The fixed cost per transaction is ₹ 25 and interest rate on marketable securities yields 7.5% p.a. Optimal cash balance = ?
(A) ₹ 45,826
(B) ₹ 14,491
(C) ₹ 4,583
(D) ₹ 43,826

A

(A) ₹ 45,826

57
Q

Use the following information to calculate net cash flow:
Cash sales ₹ 1,00,000; cash from account receivable payments ₹ 2,00,000; cash dividends received ₹ 3,000; dividends paid ₹ 4,000; rent paid ₹ 5,000 and amortization expense ₹ 6,000.
(A) ₹ 2,98,000
(B) ₹ 2,94,000
(C) ₹ 3,04,000
(D) ₹ 2,90,000

A

(B) ₹ 2,94,000

58
Q

If opening balance of accounts receivable is ₹ 268,800; closing balance is ₹ 297,600 and total credit sales during the year was ₹ 4032,000. What is the cash received from debtors?
(A) ₹ 4,060,800
(B) ₹ 4,598,400
(C) ₹ 4,003,200
(D) ₹ 4,300,800

A

(C) ₹ 4,003,200

59
Q

Jagdish has made the following predictions for his business for the first 6 months of trading to 30th June 2019:
Sales in Jan, Feb & March = ₹ 20,000 per month
Sales in April, May & June = ₹ 35,000 per month
Sales will be on 1 month credit. Total cash received from customers during the 6 months ended 30th June 2019, will be:
(A) ₹ 165,000
(B) ₹ 145,000
(C) ₹ 185,000
(D) ₹ 130,000

A

(D) ₹ 130,000

60
Q

The annual cash requirement of A Ltd. is ₹ 1,000,000. The company has marketable securities in lot size of ₹ 50,000. Cost of conversion of marketable securities per lot is ₹ 1,000. The company can earn 5% annual yield on its securities. Calculate total cost.
(A) ₹ 21,000
(B) ₹ 21,250
(C) ₹ 18,750
(D) ₹ 12,500

A

(B) ₹ 21,250

61
Q

An extract from Chandan’s Cash Budget is given below: the 3 months ended 30th June?
(A) No overdraft facility is required.
(B) An overdraft of a little over ₹ 5,000 is required.
(C) An overdraft of a little over ₹ 8,000 is required.
(D) An overdraft of a little over ₹ 20,000 is required.

A

(D) An overdraft of a little over ₹ 20,000 is required.

62
Q

In a firm, the forecast of wages for month of December, January, February and March are ₹ 4,800, ₹ 6,000, ₹ 6,400 and ₹ 6,800. The time-lag in payment of wages is 1 /8 month.
Determine the amount of wages payable in each month January to March.
(A) ₹ 6,750, ₹ 6,350 and ₹ 5,850
(B) ₹ 5,850, ₹ 6,350 and ₹ 6,750
(C) ₹ 5,850, ₹ 6,750 and ₹ 6,350
(D) None of the above

A

(B) ₹ 5,850, ₹ 6,350 and ₹ 6,750

63
Q

Given estimated sales in February, March, April, May & June are ₹ 90,000, ₹ 96,000, ₹ 54,000, ₹ 87,000 & ₹ 63,000. In case 50% of sales are realized in the next month and balance in the next of next month, determine cash collection from sales in April and May.
(A) ₹ 93,000 and ₹ 75,000
(B) ₹ 93,000 and ₹ 70,500
(C) ₹ 75,000 and ₹ 70,500
(D) ₹ 75,000 and ₹ 75,000

A

(A) ₹ 93,000 and ₹ 75,000

64
Q

JPL has two dates when it receives its cash inflows, ie. Feb. 15 and Aug. 15. On each of these dates, it expects to receive ₹ 15 Crores. Cash expenditure are expected to be steady throughout the subsequent 6 month period. Presently, the ROI in marketable securities is 8% p.a., and the cost of transfer from securities to cash is ₹ 125 each time a transfer occurs. What is the optimal transfer size using the EOQ Model? What is the average cash balance?
(A) ₹ 906,186;₹ 453,093
(B) ₹ 96,825; ₹ 48,413
(C) ₹ 306,186; ₹ 153,093
(D) ₹ 968,246;₹ 484,123

A

(D) ₹ 968,246;₹ 484,123

65
Q

The annual cash requirement of A Ltd. is ₹ 10,00,000. The company has marketable securities in lot size of ₹ 1,00,000. Cost of conversion of marketable securities per lot is ₹ 1,000. The company can earn 5% annual yield on its securities. Calculate total cost.
(A) ₹ 10,500
(B) ₹ 10,450
(C) ₹ 12,500
(D) ₹ 14,500

A

(C) ₹ 12,500

66
Q

Z Ltd. has a separate account for cash disbursement. An estimated cash payments of ₹ 6,56,250 for a one month period and the payments are expected to steady over the period. The fixed cost per transaction is ₹ 20 and interest rate on marketable securities yields 10% p.a.
(A) ₹ 57,283
(B) ₹ 56,125
(C) ₹ 57,125
(D) ₹ 56,283

A

(B) ₹ 56,125

67
Q

The annual cash requirement of A Ltd. is ₹ 10,00,000. Cost of conversion of marketable securities per lot is ₹ 1,000. The company can earn 5% annual yield on its securities. Optimal cash balance = ? and No. of transactions = ?
(A) 1,00,000; 5
(B) 4,00,000; 10
(C) 2,00,000; 5
(D) 2,00,000; 10

A

(C) 2,00,000; 5

68
Q

Dec 2014: The following information is available:
Wages for January: ₹ 20,000 Wages for February: ₹ 22,000 Delay in payment of wages: 1/2 month
The amount of wages paid during the month of February is —
(A) ₹ 11,000
(B) ₹ 22,000
(C) ₹ 20,000
(D) ₹ 21,000

A

(D) ₹ 21,000

69
Q

Dec 2014: In an organization, cash sales is 25% and credit sales is 75%. Sales for October, 2013 is ₹ 12,00,000, November, 2013 ₹ 14,00,000, December, 2013 ₹ 16,00,000, January, 2014 ₹ 6,00,000 and February, 2014 ₹ 8,00,000. 60% of credit sales are collected in the next month after sales, 30% in the second month and 10% in the third month. No bad debts are anticipated. The cash collected in the month of February, 2014 from debtors is —
(A) ₹ 15,00,000
(B) ₹ 9,80,000
(C) ₹7,35,000
(D) ₹ 80,000

A

(C) ₹7,35,000

70
Q

June 2015: In Rise Ltd., cash sales is 25% and credit sales 75%. Sales for November, 2014 is ₹ 15,00,000, December, 2014? 14,00,000, January, 2015 ? 16,00,000, February, 2015 ₹ 10,00,000 & March, 2015 ₹ 9,00,000. 60% of the credit sales are collected in the next month after sales, 30% in the second month and 10% in the third month. No bad debts are anticipated. The cash collected in the month of March, 2015 from debtors is —
(A) ₹ 14,60,000
(B) ₹ 14,20,000
(C) ₹ 12,20,000
(D) ₹ 9,15,000

A

(D) ₹ 9,15,000

71
Q

June 2015: Estimated wages for January is ₹ 4,000 and for February ₹ 4,400. If the delay in payment of wages is 1/2 month, the amount of wages to be considered in cash budget for the month of February will be –
(A) ₹ 4,000
(B) ₹ 4,400
(C) ₹4,600
(D) ₹ 4,200

A

(D) ₹ 4,200

72
Q

The following information What will be the amount of cash from is given:
Depreciation provided dining the year: Furniture ₹ 15,000, Building ₹ 14,000. The statement of P&L for the year: Opening balance ₹ 38,500 Add Profit for the year 140,300, Less: Goodwill written off ? 15,000, Closing balance ₹ 63,800. What will be the amount of cash from is given: operations?
(A) ₹ 69,300
(B) ₹ 54,300
(C) ₹ 78,800
(D) ₹ 25,300

A

(A) ₹ 69,300