Monday, April 9, 2012

Fin 621 GDB Solution last date 10 April 2012

Mr. Student has recently graduated from a local business school. He joined Personnel Development Foundation (PDF) as a Junior Consultant Officer in Grade Alpha a week ago. PDF provides following professional services to its clients; employee recruitment, training & development, succession planning, and compensation & retention plans etc. At PDF, Mr. Student has been given a task to develop aptitude tests for the applicants applying for the jobs in the area of Accounting and Finance. One of the questions developed by him is as under;

Marketing expenses of Clients Services Associates (CSA) are estimated at 10% of the next year’s sales. Administrative expenses for the year, excluding bad debts are 5% of sales but 8% of cost of sales. Bad debts are estimated at 2.5% of the sales. Earnings after Tax (EAT) are predicted at Rs. 29,250. Tax rate is 35%.

You are required to find out the following:
a) Develop a profit equation from the above data with values therein to find EAT.

b) Whether the above estimates are in favor of CSA or not? Justify your
answer while not exceeding a limit of 25 words
SOLUTIONS
Sales 54545.46
Marketing Expnse 10% 5454.546
Admin Expense 5% 2727.273
Bad Bedts 2.5% 1363.637
Gross Profit 45000
Tax rat is 35% 15750
Earning after tax 29250 29250

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CS502 - Fundamentals of Algorithms
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CS614 - Data Warehousing
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ENG201 - Business and Technical English Writing
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