BAMA 1101 Higher College of Technology Business Mathematics Exam Questions marwa – BUSINESS MATHEMATICSsee file attachedsolve in word………………….

BAMA 1101 Higher College of Technology Business Mathematics Exam Questions marwa – BUSINESS MATHEMATICSsee file attachedsolve in word……………………………………… HIGHER COLLEGE OF TECHNOLOGY
DEPARTMENT: BUSINESS STUDIES
Final Examination: Assignment Based Assessment
Semester: II
A. Y.: 2019 / 2020
Start Date: Friday, 29 May
Time: 03.00 PM
Due Date: Sunday, 31 May
Time: 03.00 PM
Student Name
Student ID
Specialization
Section
01 to 11
Level
DIPLOMA FIRST YEAR
Course Name
BUSINESS MATHEMATICS
Course Code
BAMA1101
For official Use Only
Question No.
Max. Marks
1
Obtained Marks
Question No.
Max. Marks
5
1
5
2
5
2
5
3
5
3
5
4
5
4
5
5
5
5
5
6
5
6
5
7
5
7
5
8
5
8
5
9
5
9
5
10
5
10
5
Grand Total Marks
50
Obtained
Marks
50
First Marker:
Second Marker:
Date:
Date:
Guidelines for Students to Submit the Assignment:
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1)
The final assessment for semester 2, 2019-20 will be done through comprehensive assignment
for a maximum of 50 marks. The schedule of the final assessment is available in the college website.
https://www.hct.edu.om/about/the-college/announcements/final-assessment-timetable-041620
2)
All the students are expected to have only one assignment at one time. In case, if the students
have more than one assignment on the same day, please report to the exam committee through the
following mail id. exam.bus@hct.edu.om as soon as possible.
3)
All students are given 48 hours to complete and submit each assignment from the day, date and
time the assignment is uploaded. Students are advised not to wait till the last moment of the deadline
to submit the assignment.
4)
The students can check the assignment anytime and any number of times from the opening of
the assignment. The answer to the assignment need to be uploaded in e-learning within 48 hours.
5)
The answer to the assignment can be uploaded only one time. No requests for resubmission of
the assignment will be entertained.
6)
The students may contact the following mail Ids if they face any difficulties while related to
final assignment.
For Academic related support :
Business Courses
anand.kalimani@hct.edu.om
karri.krishna@hct.edu.om
For Technical Writing 1
ramil-ecot@hct.edu.om
For Technical Writing 2
khulood.aiadi@hct.edu.om
For Technical Communication
jocelyn.balili@hct.edu.om
For issues related to e-mail
office365support@hct.edu.om
accounts and Microsoft Teams
Any issues related to E-Learning
support.elearning@hct.edu.om
Moodle
Any other IT Troubleshooting
helpdesk2@hct.edu.om
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7)
Students may contact their respective lecturer through college email (within the 48-hour period
given) if they have any doubts and clarifications on the assignments.
8)
Students should be aware that this assignment is an independent assessment. Students are not
allowed to get help from any other person during the assessment period.
9)
Students assignment will be checked for plagiarism through Turnitin software. This assignment
will be assessed as per the College Assessment Policy. Student will be investigated in case of
plagiarism as per the College policy and procedures. The maximum acceptable similarity index is
25%.
10) In case the students face any technical issues regarding the submission of assignment, the
answer to the assignment can be mailed to the concerned lecturer within the 48-hour period using
college email.
11) Any assignment submitted after the 48-hour period will not be considered for evaluation.
12) The assignment should be submitted only with the file in MS Word document. No other format is
acceptable at all (e.g. pictures, JPEG, PDF, etc).
13) The students need to answer the assignment in the prescribed number of words as mentioned in
the assignment.
14) The students need to follow the following format while preparing the assignment :
Font Style: Times New Roman
Font Size: 12 point for body and 14 point for Headings
Line Spacing: 1.5
Margin: 2.54cm (One inch) on all the sides
Page Number : At the bottom right hand corner of each page
Colour: All words should be in black colour
15) Students who will fail to submit their assignment as per the deadline given are required to make
an online appeal along with the valid excuses as the guidelines which will be announced through the
college website or e-learning portal within three days from the date of submission deadline.
ANSWER ALL THE QUESTIONS, SHOW ALL CALCULATIONS, WORKING NOTES
AND EXPLANATION (EACH QUESTION WILL CARRY 05 MARKS)
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Q1: In a Muscat International school, 750 students opted basketball, 400 opted cricket and
remaining students opted table tennis. Number of students who opted table tennis is 50% of
the students who opted basketball and 40% of the students who opted cricket.
a) How many students have opted for table tennis?
b) Find ratio of number of students who opted basketball to the number of students who
opted table tennis.
c) Find ratio of number of students who opted basketball to the total number of students.
d) If there are 500 students who opted basketball, how many students will opt cricket?
e) Ratios do not reflect definite numbers. Discuss analytically
(5Q*1M= 5 Marks)
Q2: Abdallah is suffering from anemia as hemoglobin level in his blood is lower than the
normal range. Doctor advised him to take one iron tablet two times a day for 30 days and
advised him to take rest for one month.
a) If the cost of 15 tablets is RO 12, then what amount will he be required to pay for his
medical bill for 30 days?
b) What will be the total cost of treatment if cost of 10 tablets is RO 8?
c) He takes one tablet alternate day and decides to resume work from the next day. Do you
agree with his decision? Discuss critically
(2+2+1=5 Marks)
Q3: During COVID-19 Global lock down, there is shortage of Air Conditioner’s supply in
the market in the month of April 2020. Nesto Electronics store raises the price of an Air
Conditioner by 15% above the list price and charges a VAT of 10 % on the new price. A
customer has to pay RO 750 for the Air Conditioner including VAT.
a) Find the original list price of the Air Conditioner.
b) Why did VAT charge on the new increased price of the AC? Discuss with reason
c) Do you agree with Nesto’s move to increase the price? Discuss analytically
(3+1+1=5 Marks)
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Q4: Mr. Khalid Al Bulushi is interested to buy the house at RO 105,000. He approached the
Bank Dhofar for a home loan. The bank has approved the loan application for a 20-year fixedrate loan at 6% annual interest compounded annually and asked him to make 10% of property
cost as a down payment.
a) What would be the monthly installment Mr. Khalid needs to pay?
b) What will be the total deferred payment Khalid has to pay?
c) Why did bank ask Mr. Khalid to make 10% of property cost as a down payment?.
Critically discuss.
d) If Mr. Khalid fails to pay the monthly installment, what action bank will take? Discuss
(2+1+1+1=5 Mark)
Q5: Ms. Rahma wishes to start Shawarma shop. As per her calculation, she has to spend
RO 1.500 for one kg meat and she can make 10 shawarma out of it. Also she has to spend 50
baiza for other expenses and another 25 baiza for selling and distribution expenses per
Shawarma. She planned to sell each shawarma for 350 baiza. She got an order of 500
Shawarma .
a) Find out the total cost of 500 Shawarma.
b) How much profit she will make out of this order?
c) Do you agree with selling and distribution expenses to be considered as a part of cost? If
yes, discuss with reasons
(2+2+1=5 Marks)
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Q6: Al Madina Solar Company a Solar manufacturer printed the price of its Solar Panel as
RO 1200 per panel. Manufacturer allowed a discount of 25% to the wholesaler who in his turn
allowed a discount of 20% on the printed price to the retailer. If the prescribed rate of VAT on
the Solar Panel is 12% and the retailer sells it to the consumer at the printed price.
a) Find the value added tax paid by the wholesaler and the retailer.
b) Find the price including value added tax paid by the customer.
c) Find the amount of tax collected by the government from wholesaler and retailer.
d) What do you mean by printed price? Discuss
e) VAT should not be applicable on the Solar Panel. Critically discuss
(5Q*1M=5 Marks)
Q7:
Mr. Abdullah is interested to purchase a BMW car which cost 20,000 OMR. He
approached a Bank Muscat for a loan and banker agreed to provide the loan subject to 20%
down payment. He pays RO 300 as a monthly installment for 60 months.
a) Find out the total amount financed and total finance charge that Abdullah paid at the
end of 60 months and total deferred payment?
b) What is rate of simple interest Bank Muscat charged on the loan?
c) Do you agree with Mr. Abdullah’s decision to buy the car by taking a bank loan?
Discuss analytically
(3+1+1=5 Marks)
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Q8: Oman Cement Company has bought a machinery for RO 85,000 with an estimated useful
life of 7 years. Ms. Safia, an Accounting Manager, is responsible to calculate the depreciation
and record in the books of accounts. She is confused in selecting the method of depreciation
like WDV or Straight line method. She came to know that the expected scrap value at the end
of its useful life is RO 15,000.
a) Find out the book value of the machine after 7 years using WDV method and Straight
line method.
b) Critically compare WDV method and straight line method.
c) What does it mean if the scrap value of the machine is more? Discuss considering
depreciation and useful life.
(3+1+1=5 Marks)
Q9: Sony Electronics LLC, who is a leading TV manufacturing company in Oman. Mr.
Yaqoob, who has recently joined as a production supervisor would like to calculate the total
cost of producing 2000 TV’s in a month. Records show that material cost of producing one TV
is RO 54 while labor cost per TV is RO 4 and other manufacturing cost is also RO 8 per unit.
The company pays RO 5550 per month as a rent and Mr. Yaqoob found that there are no
other expenses.
a) Find out the sales revenue by selling 2000 TV’s if Sony electronics rate of mark up is
20% on cost.
b) What do you mean by economies of scale? Will it be applicable if the company increases
the production capacity from 2000 TV to 3000 TV’s per month? Discuss analytically
(3+2=5 Marks)
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Q10: Ms. Rawan a science school teacher is working with Muscat International School. She is
having one daughter of 05 years old. She desires to invest some amount of money for her
daughter’s marriage. She believes that her daughter will get married when she reaches 25
years of age and will require amount of 40,000 OMR for the marriage ceremony.
a) How much money Ms. Rawan needs to deposit now, if money compounds monthly at
6% interest rate?
b) How much money she needs to deposit now if her requirement is 50,000 OMR for the
marriage with 10% simple interest.
c) Investment in the bank is more profitable than the stock market. Discuss critically
(2+2+1= 5 Marks)
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