BAMA 1101 Higher College of Technology Business Mathematics Final Exam Questions 3uof_alfazar BUSINESS MATHEMATICSsee file attachedsolve in word………..

BAMA 1101 Higher College of Technology Business Mathematics Final Exam Questions 3uof_alfazar 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:
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Guidelines for Students to Submit the Assignment:
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
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Any other IT Troubleshooting
7)
helpdesk2@hct.edu.om
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.
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ANSWER ALL THE QUESTIONS, SHOW ALL CALCULATIONS, WORKING NOTES AND
EXPLANATION (EACH QUESTION WILL CARRY 05 MARKS)
Q1: Mr. Ahmed is the owner of a company that specializes in the manufacturing of office
computers and printers. He recently received a large order from a company for 30 computers
and 5 printers. In addition, the company asked Ahmed to install software into each of the
computers.
The cost per computer is 500 (OMR) and the cost per printer is 100 (OMR). The cost of
installing the software to run on all the computers is 2,000 (OMR).
a) Find out the total cost? Explain in brief the components of total cost.
b) If Ahmed wants to earn a 20% profit for the order, what would be the total selling price
he needs to charge?
(3+2=5 Marks)
Q2: Oman Cement Company purchased a new machine for their operational expansion valued
at OMR 319,000 on January 1. The equipment has an estimated useful life of six years. The
equipment is estimated to have a salvage value of OMR 8,100. Assuming the straight-line
method of depreciation:
a) How do you describe straight line method?
b) What is the amount of depreciation expense that needs to be recorded at the end of the
first year?
c) Is there any change in the value of first and second year depreciation amount? If yes
how much? If no why? Give reasons to your answer.
(1+2+2=05 Marks)
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Q3: Mr. Abdul Hafid is interested in buying a new Truck which costs RO 50,000. Presently he
is having RO 15000 only and hence decided to take the loan from the bank. If he pays RO
15000 as a down payment and takes a loan, he needs to pay RO 1000 for 60 months as an
installments against the loan.
a) Discuss total amount to be financed (02 Marks) and the total finance charge that Mr.
Abdul Hafid needs to pay at the end of the 60 months?
(02 Marks)
b) Also discuss if Mr. Abdul Hafid borrows required money from his friends without
interest and doesn’t take a loan, how much amount he can save?
(01 Mark)
Q4: Muscat international school is managing by a board of trustees and they are worrying
about the funds required for school maintenance in coming academic years due to economic
crisis created by COVID-19. In order to face this problem the board of trustees decided to
deposit a certain sum of money in Bank Muscat account which pays interest at 10.5% (simple
interest), so that it will give an interest of OMR 12,000 per year, which can be used for the
school maintenance in coming academic years.
a) How much money board of trustees need to deposit in bank account?
b) If there is already an amount of OMR 50,000 in the school bank account, then how
much additional money the board of trustees need to deposit?
c) If school invests same amount of money at 10.5% compound interest compounded
monthly, will they get more interest than simple interest?. Give reasons to your answer
(3+1+1=05 Marks)
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Q5: As per the official records published by Muscat Securities Market (MSM), following are
the top losers on 17 April 2020.
Company
Share Price (RO)
Price change (RO)
AL HASSAN ENGINEERING
0.018
-0.003
UNITED POWER
1.265
-0.135
UNITED FINANCE
0.078
-0.008
INVESTMENT 0.063
-0.006
AL
SHARQIA
HOLDING
Al Sharifa Investment company has invested RO 5000 each in all the 04 companies. Company
management has decided to sell the share of that company which has less amount of loss (In
percentage).
a) What do you mean by price change -0.003?
b) Which company shares Al sharifa should sell? Suggest with reasons
c) Discuss the role of Muscat Securities Market in buying and selling the shares.
(1+3+1=5 Marks)
Q6: Al Alawi Company pays its employees on a graduated commission scale 4% on the first
RO 10,000 sale, 5% on sales from RO10,001to RO20,000 and 7% on sales from RO20,001 to
RO30,000. Al Alawi company presently having 04 sales representatives named Mohammed,
Ali, Issa and Yousuf and their sales for the last month is (OMR) 15000, 20000, 10000 and 29000
respectively.
a) Find out the gross pay of each sales representative for the last month.
b) If company doesn’t offer graduated commission scale, will there be any effect on the
sales? Explain in brief
(3+2=5 Marks)
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Q7: Grand Hyatt Hotel, Muscat is known for the best service provider in the Muscat. It offers
service 24*7 which includes reception, accommodation, housekeeping and dining. This hotel is
having 1000 housekeeping staff, 50 kitchen staff, 06 receptionist, 2000 rooms and presently
1200 customers occupying the different hotel rooms.
(5Q*1M = Total 5 Marks)
a) If Hotel Management terminates 50% housekeeping staff, what will be ratio of
housekeeping staff to hotel rooms?
b) If hotel management hires another 10 kitchen staff, what will be ratio of kitchen staff to
customers staying in the hotel?
c) Hotel management decided to offer free dinner to all the customers present but 23
customers decided not to join the dinner. What will be the ratio of customers present for
the dinner to kitchen staff?
d) How the hotel management will offer the reception services, if 03 receptionists decide to
resign on the same day. Discuss
e) If you are a manager of the hotel, what strategy you will use to fill the unoccupied
rooms? Give reasons to your answer.
Q8: Mr. Mohammed a Wholesaler buys an Air Conditioner from the Sunlight manufacturing
company at RO 400 and pays VAT at the prescribed rate of 15%. Al Maha LLC, a retailer
buys an AC from the wholesaler at RO 500 and the wholesaler charges VAT at the prescribed
rate of 15%. The retailer fixes the price at RO 550 and charges VAT at the same rate.
Mr. Abdul, a customer buys the AC from the Al Maha LLC.
(5Q*1M=5 Marks)
a) What is the price including VAT that Mr. Abdul has to pay to buy the AC?
b) Find out amount of input tax and output tax for the retailer and wholesaler.
c) How much VAT do the retailer and wholesaler pay to the government?
d) Discuss the outcome if input tax is more than output tax
e) What do you mean by tax and how the tax amount is used for public welfare?
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Q9: Mr. Ahmed is working with a Alpha construction company and his friend Mr. Hatim is
working with Oasis construction company as a supervisor. Mr. Ahmed is paid RO 4 per hour
based on hourly rate, for 35 hours per week and Mr. Hatim is paid RO 4 per hour based on
hourly rate, for 40 hours per week. According to the agreement, they are eligible for overtime
(time-and-a-half pay).
In the last month, if Mr. Ahmed worked for 170 hours and Mr. Hatim worked for 180 hours.
a) How much gross pay both will receive?
b) Ahmed’s job is better than Hatim. Discuss the reason
c) Which company pays better to its employees? Explain in brief
(3+1+1=5 Marks)
Q10: During Ramadan sale, a local furniture Al Maha retail store is offering 20% discount on
the chairs priced at 85 OMR and selling a table for OMR 250 after a discount (markdown) of
45% on the regular price.
Ms. Maryam Al Hinai a professional engineering consultant is interested to buy 04 chairs and
04 tables.
Later on she came to know that another furniture store Al Bayan furniture was offering flat
30% discount on the chairs and tables priced at the same original selling price (before
discount) and quality of Al Maha retail.
a) Al Maha or Al Bayan, which deal will be better for Ms. Maryam and Why?
b) Discounts will reduce the profitability of the seller. Discuss with reasons.
c) Discounts are only offered on price. Explain with reasons
(3+1+1=5 Marks)
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