Price of stock always rises up to some extent. So the price of stock which is purchased end of year should be higher in price if company uses FIFO method its mean lower cost stock will be used first and higher cost stocks after that. As result all the expenses decreases and profit increases and also affects income tax due and the ending inventory will show a higher value.
Monday, November 15, 2010
Sunday, November 7, 2010
GDB Solution MGT503 Principle Of Managment
Questions (Principle oF Managment)
Mr. Ali is working as a manager in Global Inc for 15 yeas. He is successfully managing the Pakistan Bangladesh and astonished to find out the investment opportunities and hence decided to expand his company to Bangladesh Bangladesh
SOLUTIONS
Mr. Ali is working in company from last 15 years as manager and doing all the work its mean he is well experienced with hi job. He is fulfilling almost all the management principles.
He is directed to his workers and also touches with his CEO its mean he is middle level Manager. He got new designation in new company but the Management principles applied on his both designations.
But he would face new difficulties and new challenges because there is change in country and there is new company. He would face all the constraints off Bangladeshi GOVT and new benefits or opportunities. Internal control and level of Mr.Ali remain same, but there are new economic factors there etc policies, taxes, money rate.
Friday, November 5, 2010
PRINCIPLE OF MANAGMENT MGT503
Goals are achievements made by employees of an organization, group of organization or organization itself. Objectives and goals are the same thing both can be achieved. Organization total planning is based on company goal. Basically these are foundations on which planning of company can be set. Every company has its own goals and achievements according to their requirements
In this case
1) Should be launching a proper plane that can be implemented.
2) Planning should be done according to environments.
3) There should be a welfare community.
4) System which identify upcoming uncertain events.
5) A proper policy should be launched
6) Awareness system should be there
Q2:
Both type of planning is needed for company. Strategic planning is long term planning. Its tend towards a direction. We carry on a road map and go on it. While operations of any company tend toward short term planning. Long term planning is for single goal for some specific achievements. Short term planning is more important. Both type of planning co-operation with each other is also very important. Its mean company or group of people work together to achieve some goals, objectives or for some specific purpose.
Planning reduces the work load and reputation in the work. It is also easy for Manager to go further according to planning
Q3:
There is lot of tools to measure planning or used in planning. We should studies good planners and Managers in the history and try to copy there work. This type of work is called benchmarking. Manager also checks out the environment, what kind of plan is suit able in such environment.
Also make some future predictions loss in future and their remedies all these should be in knowledge of manager.
PRINCIPLE OF MARKETING
CUSTOMER RELATIONSHIP MANAGEMENT
(CRM) mean creating new valuable customers relationships by providing them better services. (CRM) can get by providing better services, and by fulfilling customers needs.
Customer satisfaction should be guaranteed to get it. Loyalty in customer can get by rending services in time and more than others
Purpose:
Increase satisfaction: Increase satisfaction among customers by rendering those services and better products.
Increase profits: Better relationship increases profits of the company.
Increases confident: increases confident of customer and they will loyal with you
EXAMPLE: Both customers and company have some requirements. Good relationship only gains if both are satisfied to each other.
Customer always want discount on purchase of goods from any departmental store. On specific sale specific commodity should be given to each customer. Its mean Discount amount remain same in form of that commodity and customer get happy. This will increase profit to the business and customer get satisfied and loyal with you.
Difference between Traditional marketing and CPM
CPM totally different from traditional marketing. In Traditional marketing we produce new customers by doing marketing strategies on different channel.
In CPM we give attention to our existing customers to get more profit and get more loyal with customers.
INTRODUCTION TO COMPUTING CS101
Q: 1
Computer Description Cost Performance Reliability Size Installed In Numbers
Super Computer:
These are very expensive and have high cost. Used for special Purpose. These computers are not reliable like main frame computers. It takes a acres of land du to its big size. Vary fast computers. As discussed these are computers are for some special purpose so these are small in numbers.
Main Frame:
Main frame computers are also have high cost and have good speed and vary fast . These computers are used on backbones of internet. Due to its limited size these computer are much reliable than super computers. These computer used frequently in different place so these are more than super computer Personal Computers:
These are low cost computers. Used vary common in our life in offices, departmental stores, labs, pharmaceutical etc. Almost every organization has these computers. These computers are cost effective so these are found in millions and trillions in the world
PDA’s:
These are small in size. Cost is higher than personal computer. Used for some specific purposes. These are also available in large number
Differentiate Between Static RAM and Dynamic RAM in Tabular form. ANY TWO Differences
Dynamic Ram
1) Most common type of ram used now –e days.
2) Data/Information stored on single memory chip which is made of two parts transistors and capacitors.
3) Data stores in form of 1 and o.
4) It stores information’s in more quantity than static Ram.
5) It looses its previous instruction when new ones are loaded in.
6) It refreshes it self and loose the old instructions.
7) It is comparatively slow because it refreshes itself
Static Ram
1) Static ram is expensive then dynamic ram
2) It stores information in form of Flip Flop
3) It access the information vary fast.
4) No need for refreshing.
5) More faster Ram then Dynamic Ram
INTRODUCTION TO BUSINESS MGT211
Question No: 1
Original form of the business was sole proprietorship because business is owned and run by Akram,s father. He was single owner and getting whole profit of the business.
Question No: 2
Mr.Akram and Ajmal started business on partnership because Ajmal invest in Akram,s business. Both are sharing profit its mean business type is Partnership.
Question No: 3
Akram is owner of the business same like Ajmal. Ajmal invest in Akram business and Akram also share profit with Ajmal its mean both are CO_OWNER in business.
Question No: 4
Ajmal is owner of the business. Ajmal invest in Akram business and also share profit its mean both are CO_OWNER in business.
Question No: 5
Akram is sleeping partner of the business but he was owner of the business and later Mr. Ajmal invest in the business. Both are willing to share profit so Akram will take its profits as per defined.
FINANCIAL ACCOUNTING ASSIGNMENT MGT101
S.No | Transactions | Accounts Involved | Application | Reason |
1 | Bought machinery for cash Rs.50,000 | Machinery Cash | Debit Credit | Increase in assets Decrease in cash |
2 | Payment made to XYZ Store Rs. 10,000 by cheque. | XYZ Store Bank | Debit Credit | Decrease in liability Decrease in Cash/Bank |
3 | Purchased office furniture on credit for Rs. 15,000 | Furniture Account Payable | Debit Credit | Increase in Asset Increase in Liability |
4 | Rs. 1,000 received as a rent for the portion of office building rented out. | Cash Rent | Debit Credit | Increase in Cash Increase in Income |
5 | Paid salaries of Rs.40,000 by cheque | Salaries Bank | Debit Credit | Increase in Expense Decrease in Cash/Bank |
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