JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD B.Tech III MANAGERIAL ECONOMICS AND FINANCIAL ANALYSIS Previous Question Paper (May/June - 2019 - R13)
Note: This question paper contains two parts A and B. Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.
PART - A
Explain the following:
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Elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in one of its determinants, such as price, income, or the price of related goods. It is mathematically expressed as the percentage change in quantity demanded divided by the percentage change in the determinant.
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Demand determinants are the factors that influence the quantity of a product consumers are willing and able to purchase. Key determinants include: 1) Price of the commodity, 2) Income of the consumer, 3) Prices of related goods (substitutes and complements), 4) Consumer tastes and preferences, and 5) Future price expectations.
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PART - B
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Direct raw material cost per unit: Rs.10
Direct labour cost per unit: Rs.5
Fixed overhead: Rs.50,000
Variable overheads: @ 60% on direct labour
Selling price per unit: Rs.25
Trade discount: 4%
If the sales are 10% and 25% above the break even volume, determine the net profits.
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3rd May : Cash deposited into bank Rs.60,000
7th May : Paid cash to Veeru Rs. 20,000
12th May : Paid to Veeru by cheque Rs.15,000
20th May : Paid to Intel Computers by cheque Rs. 17,000
22nd May : Withdrew from bank for office use Rs.8,000
25th May : Withdrew from bank for personal use Rs.1,000
27th May : Bought furniture and paid by cheque Rs.15,000
30th May : Brought additional capital of Rs.25,000
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