Re: ::: vuaskari.com ::: ALL LATEST PAPERS UPLOADED OF ALL STUDY PROGRAMS ALL SEAMSTRESS OF MIDTERM 2011 MONTH OF MAY

all latest papers of fin621

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Dua Waqar   Administrator   Posts: 180 Joined: Dec 2009  Reputation: 2  Warning Level: 0%

Post: #1 |  FIN621 CURRENT MIDTERM PAPER MAY 2011  Fin621 current paper QUESTION: What is the difference between expense and expenditure? (3) Question:  What is the principle advantage of using direct method of cash flow statement? (3) Question: Why should company prefer to use LIFO instead of FIFO?  QUESTION: Complete the table : sales Beginning inventory Net purchases Ending inventory Cost of good sold Gross profit Operating expenses Net income 300,000 95,000 130,000 44000 ? 119,000 90000 ? 600,000 90,000 340,000 ? 330,000 ? ? 25000 Question: Classify the following activities as cash flow from operating, investing and financing activities 1.proceed from issuing shares 2.interest received on loans 3.repayment of debt principal,capital lease 4.loans made and acquired of other firm's debt 5.divinded received from scurities. "Listen to everyone and Learn from everyone because  Nobody knows everything but everyone knows something" Admin Dua Waqar MBA_4rd Finance IP Address: Logged

05-14-2011 May 14, 2011 8:59 AM

█▓Gяєу●●Fєяяy█▓   Administrator   Posts: 560 Joined: Apr 2010  Reputation: 10  Warning Level: 0%

Post: #2 |  RE: FIN621 CURRENT MIDTERM PAPER MAY 2011  one more Q1. Differentiate between closing entries and adjusting entries. (3) Q2. Why wrong inventory valuation effects two periods? Explain (3) Q3. Is it necessary to review every cash transaction by its receipt? (3) Q4. Explain how the adoptions of FIFO method rather than LIFO will tend to raise or lower the quality of a company's earnings? Assume the continuance of the inflation. (5) Q5. Patterson Company reported net income for the current year of Rs. 666,000. During the year the company's accounts receivable increased by Rs. 50,000, inventory decreased by Rs. 23,000, accounts payable decreased by Rs. 55,000, pre-paid expenses increased by Rs. 35,000, and accrued expenses payable increased by Rs. 14,000. Determine the amount of cash provided by or used for operating activities by the indirect method. (5) IP Address: Logged

05-15-2011 May 15, 2011 9:53 AM

Ghazal Aziz   Super Administrator   Posts: 478 Joined: Nov 2010  Reputation: 15  Warning Level: 0%

Post: #3 |  RE: FIN621 CURRENT MIDTERM PAPER MAY 2011  Total questions 27 Mcqs 22 1 mark 3 short questions 3 marks 2 long questions 5 marks Is depreciation a source of fund or not? Give reasons (3) How cash dividend effect our financial statements (3) Income statement or cash flow statement which among these give better profitability? Give reason(3) Calculate Net cash flow from from operating activities using Direct method. (5) Rs. a- Cash received from customers -- b- Interest and dividend received -- c- Proceed from sale of Plant -- d- Cash paid to suppliers&Employees -- e- Cash paid for purchase of Investment -- f- Cash paid for purchase of Treasury Stock -- On march 29,1998 Global co. purchased new equipment costing 100,000. Its estimated life is 5 years and Paper copy from vu thirty nine dot com residual value 10,000. For income tax purpose this is classified as a 5-year property and has a depreciation rate rate of 40%. (5) Required: Compute annual depreciation expense for each year until equipment is fully depreciated using 200% declining method, with half year convention.(limit the depreciation expense to year 2003) I don't like to commit myself about heaven and hell -- you see, I have friends in both places. IP Address: Logged

05-15-2011 May 15, 2011 4:32 PM

Samia   Super Moderator Girls   Posts: 227 Joined: Jan 2010  Reputation: 4  Warning Level: 0%

Post: #4 |  RE: FIN621 CURRENT MIDTERM PAPER MAY 2011  Q1. Differentiate between closing entries and adjusting entries. (3) Q2. Why wrong inventory valuation effects two periods? Explain (3) Q3. Is it necessary to review every cash transaction by its receipt? (3) Q4. Explain how the adoptions of FIFO method rather than LIFO will tend to raise or lower the quality of a company's earnings? Assume the continuance of the inflation. (5) Q5. Patterson Company reported net income for the current year of Rs. 666,000. During the year the company's accounts receivable increased by Rs. 50,000, inventory decreased by Rs. 23,000, accounts payable decreased by Rs. 55,000, pre-paid expenses increased by Rs. 35,000, and accrued expenses payable increased by Rs. 14,000. Determine the amount of cash provided by or used for operating activities by the indirect method. (5)

On Tue, May 17, 2011 at 9:26 AM, mc100203513 Muhammad Alamgir Bhatti <mc100203513@vu.edu.pk> wrote:

where is FIN621 . i need current paper . mera kal paper hai

On 5/16/11, mc090408202 Ulfat Abbas <mc090408202@vu.edu.pk> wrote:
> Plz mkt610 k current and past solved paper of midterm ko Allah ka bnda
> send kr dy magar jaldi mera 11 bjy paper hai
>
> On 5/17/11, mc090206236 Abdul Mustafa Tahir <mc090206236@vu.edu.pk> wrote:
>> LInk for CS604 not work pls help
>> How I can Download the required old solved papers of cs 604
>>
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
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HRM Group:         http://groups.google.com/group/askari_hrm?hl=en?hl=en
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Management:       https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing:           https://groups.google.com/group/vuaskari_mkt?hl=en
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 ●●Gяєу_Fєяяy ●●
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--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en