Академический Документы
Профессиональный Документы
Культура Документы
QUESTION 1
Discuss the roles and main activities of scientific research and development in
technology management.
Ans: Some of the main roles of R&D in tech. mgt include: Continuous innovation of
the technology (i.e. continual improvement upon existing technology so it doesnt go
out of date). Another is Quality assurance as R&D helps to identify defects and
problems that are likely to occur when the product is in use and in turn prevents such
for better quality. Other roles/activities of R&D are in managing time, improving
efficiency of production process,
QUESTION 3
Ans (a) It is the apportioning the value of an asset over a period of time usually
the number of years of its useful life
(b) Account receivable refers to the amount of money that is owed to a firm
as a result of goods purchased from the firm by customers on credit
ii. a. Using LIFO/FIFO, obtain the total cost goods sold if 500 units of goods
are sold out of the goods stated below
250 @ N10.00
200 @ N7.50
100 @ N5.00
200 @ N4.00
ANS:
QUESTION 1
Technologies are bound to lose value if not well managed. Relating the medium by
which sport celebrities, as well as excellent role models, attain world class status to
budding companies, how can a company with vision-improvement plans and
attitudes draw from these role models.
Ans: Ways in which a company can attain world class status: (a) Quality Assurance
through R&D (b) Vision-driven and highly focused (c) Avoid procrastination (d)
Team work
QUESTION 2
ITEM COSTS/MONTHS
(N000)
1. Raw materials 5,000
2. Utilities 150
3. Travels/ Hotels/ Commission 50
4. Stationery 50
5. Postages & Internet 25
6. Salaries & Wages 1,750
7. Rents, Taxes, Insurance, Repairs and Goods 450
Consumables
8. Interest on N250,000,000 @ 12.5% PER ANNUM
9. Bank loan of N12,000,000 @ 25% interest per
annum
10. Pre-investment costs N1,750,000
Besides, the company also made the following acquisitions
Ans:
c)Debt/Equity ratio =
QUESTION 3
The above company sold its goods and made gross profit of 45%
(a) Fixed Assets (b) Fixed Costs (c) Working Capital (d) Variable Costs
(ii) Hymore and Company Incorporated operates at 300 working days per
annum at a rate of 100 tonnes per day producing fine chemicals. The company
incurred the following expenses in the course of its manufacturing operations.
Finally the company sells its products at the rate of N14,500 per tonne.
(a) Working Capital point (b) Unit Cost (c) Revenue (d) Break Even Point (e)
Production Cost at 80% capacity
(ii) Gower asserts that Research and Development of incubated ideas, teamwork
strategy, resources and time management constitute the prime of Technology
Management. Do you agree
(ii) Ita, Bolaji and Company posted the following information in its financial
report at December 31, 2011.
Dividends 2,000
Buildings 50,000
Cash 2,000
Revenue 200,000
REVENUE..........................................................................................................N(,000)
100%
Beginning Inventory....................................................................
Purchases....................................................................................
Ending Inventory..........................................................................
Operating Expenses
*................................................................................
*................................................................................
*................................................................................
*................................................................................
Dividends.............................................................................N
Using the above format, Present a profit and loss account report for the company as
at December 31, 2011.
Q. 4(i) What constitutes the stimulus, ways and means of becoming a world-class
company
(ii) Using the data in Question 3(ii), present the Balance Sheet of Ita, Bolaji and
Company using the format below:
ASSETS N(,000)
Current Assets
*........................................................................................
*........................................................................................
*........................................................................................
*........................................................................................
*........................................................................................
*........................................................................................
Current Liabilities
*..........................................................................
*..........................................................................
Stockbrokers' equity
*...............................................................
*..............................................................
*..............................................................
Q. 5(i) State the main factors that influence the choice of site for a
chemical/petrochemical company.
(iii) The Cash flow analysis of Fynebone, Maruwa & Igwe International is
attached in the next page.
Q. 6(i) What are the main features of a typical market survey in a feasibility study?
(iii) Using the data in the cash flow analysis in Q.5 (iii), determine the following
viability ratios if the company invested N15,750,000,000 and made a profit of 75% in
its full year of normal operation;
2. Discuss the main tasks and ingredients in managing the inputs and results of a
new idea until it becomes a technology.