Business Engliah BBA 1305 (211)
Business Engliah BBA 1305 (211)
Questions
2. (a) What do you mean by sole proprietorship business? Explain the barriers of sole proprietorship business.
(b) Describe the advantages and disadvantages of sole proprietorship business.
4. (a) What is cooperative business? How cooperative and companies differ? Explain.
(b) Describe the role of cooperative business to develop the economy of a country.
1. (a) What are the pattern of company management? Explain with real examples.
(b) Discuss the right of shareholders.
(c) Discuss the power and functions of directors.
2. (a) What board of directors? ? Explain the duties and power of a chairman.
(b) Discuss about the basic functions of an office of director.
3. (a) What do you mean by business combination? Explain the types of business combination.
(b) What are public utilities? Discuss the right and duties of public utilities.
Questions
1. (a) The framework used to record and summarize the economic activities of a business enterprise is
referred to as the accounting equation. State the basic accounting equation and define its major
components. How are business transactions and financial statements related to the accounting equation?
(b) At the beginning of the year, Yates Company had total assets of $550,000 and total liabilities of
$200,000. Answer the following questions viewing each situation as being independent of the others.
(i) If total assets increased $200,000 during the year, and total liabilities decreased $75,000, what is
the amount of owner's equity at the end of the year?
(ii) During the year, total liabilities increased $230,000 and owner's equity decreased $90,000. What is
the amount of total assets at the end of the year?
(iii) If total assets decreased $40,000 and owner's equity increased $130,000 during the year, what is
the amount of total liabilities at the end of the year?
2. Consider the following transactional data for the first month of operations for Crystal Clear Cleaning.
Nov. 1 Aaron Hideaway contributed $15,000 and a truck, with a market value of $3,000, to the
business in exchange for capital.
2 The business paid $4,000 to Pleasant Properties for November through February rent. (Debit
Prepaid Rent)
3 Paid $4,800 for a business insurance policy for the term November 1, 2018 through October
31, 2019. (Debit Prepaid Insurance)
4 Purchased cleaning supplies on account, $320.
5 Purchased on account an industrial vacuum cleaner costing $1,500. The invoice is payable
November 25.
7 Paid $3,900 for a computer and printer.
9 Performed cleaning services on account in the amount of $4,700.
10 Received $200 for services rendered on November 9.
15 Paid employees, $400.
16 Received $15,000 for a 1-year contract beginning November 16 for cleaning services to be
Required:
1. Journalize the transactions, using the following accounts: Cash; Accounts Receivable; Cleaning Supplies;
Prepaid Rent; Prepaid Insurance; Equipment; Truck; Accounts Payable; Unearned Revenue; Notes Payable;
Hideaway, Capital; Hideaway, Withdrawals; Service Revenue; Salaries Expense; Advertising Expense; and
Utilities Expense. Explanations are not required.
2. Open a T-account for each account.
3. Post the journal entries to the T-accounts, and calculate account balances.
4. Prepare a trial balance as of November 30, 2018.
Consider the following adjustment information data to complete the other requirements:
a. Cleaning supplies on hand at the end of November were $50.
b. One month’s combined depreciation on all depreciable assets was estimated to be $150.
c. One month’s interest expense is $59.
Required:
5. Using the data provided from the trial balance, the previous adjustment information, prepare all required
adjusting journal entries at November 30.
6. Prepare an adjusted trial balance as of November 30 for Crystal Clear Cleaning.
7. Prepare a worksheet at November 30, 2018. Use the unadjusted trial balance prepared earlier.
8. Prepare an income statement and statement of owner’s equity for the month ended November 30, 2018. Also
prepare a classified balance sheet at November 30, 2018, using the report format. Assume the Notes Payable
is long-term. Use the worksheet prepared in Requirement 1 or the adjusted trial balance from Chapter 3.
9. Prepare closing entries at November 30, 2018, and post to the accounts. Open T-accounts for Income
Summary and Hideaway, Capital. Determine the ending balance in each account. Denote each closing
amount as Clos. and each account balance as Balance.
10. Prepare a post-closing trial balance at November 30, 2018.
Required:
1. Prepare a single-step income statement.
2. Prepare a multi-step income statement.
3. M. Fisher, owner of the company, strives to earn a gross profit percentage of at least 50%. Did Farm Quality
achieve this goal? Show your calculations.
3. Right Now Electronic Center began October with 100 units of merchandise inventory that cost $70 each.
During October, the store made the following purchases:
Oct. 3 35 units @ $ 82 each
12 45 units @ $ 84 each
18 75 units @ $ 90 each
Right Now uses the periodic inventory system, and the physical count at October 31 indicates that 130 units
of merchandise inventory are on hand.
Required:
1. Determine the ending merchandise inventory and cost of goods sold amounts for the October financial
statements using the FIFO, LIFO, and weighted-average inventory costing methods.
2. Net sales revenue for October totaled $26,000. Compute Right Now’s gross profit for October using each
method.
Required:
1. Compute second-year (2019) depreciation expense on the plane using the following methods:
a. Straight-line
b. Units-of-production
c. Double-declining-balance
2. Calculate the balance in Accumulated Depreciation at the end of the second year for all three methods.
Instructions
Answer the all questions in your own handwriting on A4 size white paper.
Fill-in the cover page of your assignment with care.
Enclose the photocopy of your ID Card with the assignment (next to the cover page).
Don’t make spiral binding. Instead, make soft binding.
Submit the assignment to the respective course tutor and ensure his/her signature on your
Assignment Acknowledgement Form (see page#4 of Semester Calendar).
Questions
1. Briefly explain the different types of sets.
2. 1.4. If A = {1, 2, 3, 4}, B = {2, 4, 6, 8} and C = {3, 4, 5, 6}, Find –
(i) A B, (ii) A C, (iii) B C, (iv) B B, (v) (A B) C, (vi) A (B C).
3. Discuss the various types of functions.
4. Identify the type of the following functions:
i) Y= 10X+2
ii) Y= eln X
5. What is intercept? Find the X-intercept and Y-intercept of the following functions:
i) Y= 3X+6
ii) Y= X2-X-15
iii) Y= 12eX +3 [Y-intercept only]
Instructions
Answer the all questions in your own handwriting on A4 size white paper.
Fill-in the cover page of your assignment with care.
Enclose the photocopy of your ID Card with the assignment (next to the cover page).
Don’t make spiral binding. Instead, make soft binding.
Submit the assignment to the respective course tutor and ensure his/her signature on your
Assignment Acknowledgement Form (see page#4 of Semester Calendar).
Questions
1. How many arrangements can be made with the letters of the word MATHEMATICS and how many of them
containing vowels occurs together?
2. What is the difference between differentiation and derivative? Differentiate the following functions with
respect to X:
i) Y= 5X+3
ii) Y= 5X2+3X+5
iii) Y= 5e2X+3+5
3. Find which of the following are increasing or decreasing functions at X=10:
i) Y= 4X+3
ii) Y= 5X2+6X+5
iii) Y= 5eX+2+3
iv) Y=LogaX2
(i) A+B
(ii) AB
(iii) Determinant of A
Instructions
Answer all questions in your own handwriting on A4 size white paper.
Fill in the cover page of your assignment with care.
Enclose the photocopy of your ID Card with the assignment (next to the cover page).
Don’t make the spiral binding. Instead, make the soft binding.
Submit the assignment to the respective course tutor and ensure his/her signature on your
Assignment Acknowledgement Form (see page#4 of the Semester Calendar).
Questions
1. Name the part of speech of each underlined word in the following sentences and give your
reason in each case for the classification:
(a) There is a bridge across the river.
(b) He burst into laughter.
(c) The rose smells sweet.
(d) She gave me a friendly welcome.
(e) I saw him before.
(f) Work hard, otherwise, you will not succeed in life.
(g) Each of the boys was given a book.
Instructions
Answer all questions in your own handwriting on A4 size white paper.
Fill in the cover page of your assignment with care.
Enclose the photocopy of your ID Card with the assignment (next to the cover page).
Don’t make the spiral binding. Instead, make the soft binding.
Submit the assignment to the respective course tutor and ensure his/her signature on your
Assignment Acknowledgement Form (see page#4 of the Semester Calendar).
Questions