ATTEMPT ALL QUESTIONS IT IS A SERIOUS OFFENCE COMING TO THE HALL WITH ANY ELECTRONIC DEVICE

Here are the solutions to the questions: 1. Management accounting assists the management Management accounting provides information to management for various functions, including planning, directing operations, and controlling activities. The correct option is d) In planning, direction and control. 2. If the stock turnover ratio is 4 times and the collection period is 30 days the operating cycle would be ____ days. Step 1: Calculate the Days Inventory Outstanding (DIO). We assume a year has 360 days for calculation purposes in this context. Days Inventory Outstanding (DIO) = Number of days in a yearStock turnover ratio DIO = 360 days4 times = 90 days Step 2: Calculate the Operating Cycle. The collection period is also known as Days Sales Outstanding (DSO). Operating Cycle = Days Inventory Outstanding (DIO) + Collection Period (DSO) Operating Cycle = 90 days + 30 days = 120 days The correct option is d) 120. 3. Given that current liabilities are at N. 300,000, current ratio is 3:1 and quick ratio is 1:1, the value of stock will be: Step 1: Calculate Current Assets (CA) using the Current Ratio. Current Ratio = Current AssetsCurrent Liabilities 3 = Current AssetsN. 300,000 Current Assets = 3 × N. 300,000 = N. 900,000 Step 2: Calculate the value of Stock (Inventory) using the Quick Ratio. Quick Ratio = Current Assets - InventoryCurrent Liabilities 1 = N. 900,000 - InventoryN. 300,000 N. 300,000 = N. 900,000 - Inventory Inventory = N. 900,000 - N. 300,000 = N. 600,000 The correct option is a) 600,000. 4. Acid test ratio should normally be ---- The acid test ratio, also known as the quick ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A ratio of 1:1 is generally considered healthy. The correct option is b) 1:1. 5. The other name of marginal costing is ____ Marginal costing is also commonly known as variable costing or direct costing. Incremental costing is a related concept but often used in decision-making rather than as a direct synonym for the costing method itself. However, given "All of the above" as an option, it implies that all three are considered alternative names or closely related terms in this context. The correct option is d) All of the above. 6. Profit volume ratio establishes the relationship between ____ The Profit Volume (P/V) ratio, or Contribution Margin Ratio, shows the relationship between the contribution margin and sales revenue. The correct option is d) Contribution and sales value. 7. ____ is the excess of sales over the break-even sales. The margin of safety is the difference between actual or budgeted sales and the break-even sales. It indicates how much sales can decrease before the company starts incurring losses. The correct option is d) Margin of safety. Send me the next one 📸