Bissoy
Login
Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App
Consider the following statements.<br>1. Inventory includes raw material, finished goods and goods in process.<br>2. Inventory is the part of working capital.<br>3. Inventory includes goods likely to be purchased in the coming months.<br>Which of the statements given above are correct?
A
Both 1 and 2
B
Both 2 and 3
C
Both 1 and 3
D
All of the above
Correct Answer:
Both 1 and 2
Which of the following statements are correct?
I. Inventory includes raw materials, finished goods and work-in-progress.
II. Inventory is a part of the working capital.
III. Inventory includes goods likely to be purchased.
A
I, II and III
B
II and III
C
I and III
D
I and II
John, Jack, Joseph and Jordan participated in a running race. Only the winner finished the race in 10 minutes. Which two pieces of information can tell you who the winner was? (i) John finished the race in 16 minutes . (ii) Joseph finished the race earlier than Jack by 2 minutes. (iii) Jack finished the race later than Jordan by 4 minutes. (iv) Jordan finished the race earlier than John by 6 minutes. (v) John finished the race later than Joseph by minutes.
A
I and II
B
I and IV
C
II and III
D
II and V
Raw material purchased:
1
st
January, 600 units @ Rs. 12 per unit
12
th
January, 500 units @ Rs. 14 per unit
21
st
January, 300 units @ Rs. 13 per unit
Raw material issued for manufacture:
3
rd
January 300 units
5
th
January 124 units
15
th
January 250 units
16
th
January 300 units
Raw material returned to stores from manufacturing department on 14
th
January, 50 units. The material is issued on First-in-First out method.
The value of material remaining in store on 21
st
January will be:
A
5,775
B
6,100
C
6,350
D
6,600
Statement :
One of the problems facing the food processing industry is the irregular supply of raw material. The producers of raw material are not getting a reasonable price.
Courses of Action :
I. The government should regulate the supply of raw material to other industries also.
II. The government should announce an attractive package to ensure regular supply of raw material for food processing industry.
A
Only I follows
B
Only II follows
C
Either I or II follows
D
Neither I nor II follows
E
Both I and II follow
The price of raw materials has gone up by 15%, labor cost has also increased from 25% of the cost of raw material to 30% of the cost of raw material. By how much percentage should there be reduction in the usage of raw materials so as to keep the cost same?
A
28%
B
17%
C
27%
D
24%
E
Cannot determined
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
A
budget production
B
planned production
C
setup production
D
stand by production
In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. In view of last year's H1N1 attack and prevailing ________________ weather conditions, the health department officials _______________ that the virus will turn more active by January end. In-charge, Integrated Disease ________________ Programme (IDSP), Dr Shah, said, "Virus is still active, but not in a major way. In coming months, it is likely to become more active. Last year too, virus had claimed lives in January and February. Therefore, we are _____________ as coming months might _________________ a challenge."
coming months might _________________ a challenge."
A
show
B
pose
C
throw
D
put up
Which of the following statements are true/false?
1. Consumption goods include all the goods that can be purchased with the income that an individual earns from working.
2. The individual is limited to twenty hours per day for work.
3. Leisure goods are the goods that individuals consume when they are not working.
4. The individual's income from work is limited by the market wage that individual receives for his or her labour skills.
A
1, 4 are true and 2, 3 are false
B
1, 3, 4 are true and 2 is false
C
2, 4 are true and 1, 3 are false
D
3, 4 are true and 2, 1 are false
AT Co makes a single product and is preparing its material usage budget for next year Each unit of product requires 2kg of material, and 5,000 units of product are to be produced next year Opening inventory of material is budgeted to be 800 kg and AT co budgets to increase material inventory at the end of next year by 20%.The material usage budget for next year is
A
8,000 Kg
B
9,840 kg
C
10,000 Kg
D
10,160 Kg
A started a ,work and left after working for 2 days. Then B was called and he finished the work in 9 days. had A left the work after working for 3 days, B would have finished the remaining work in 6 days. In how many days can each of them, working alone, finish the whole work ?
A
2.5 days, 7.5 days
B
5 days, 8.5 days
C
5 days, 15 days
D
None of these