Question25:-Gross operating cycle of working capital represents the aggregate of
(|) | Raw material storage period

(11) Work-in-progress holding period

(Ill) Finished goods storage period

(IV) Credit period allowed by supplier

(V) Debtors collection period allowed

A:-Statements (1), (II), (IV) and (V) are correct
B:-Statements (Ill), (IV) and (V) are correct
C:-Statements (1), (Il), and (III) are correct

D:-Statements (1), (II), (III) and (V) are correct
Correct Answer:- Option-D
Question26:-From the following information calculate the Maximum Stock level

Maximum Consumption 200 units per day
Minimum Consumption 150 units per day
Normal Consumption 160 units per day
Reorder level 3000 units
Reorder period 10 to 15 days
Reorder quantity 1600 units
Normal reorder period 12 days

A:-2800 units
B:-1600 units
C:-3000 units
D:-3100 units
Correct Answer:- Option-D

Question27:-Which of the following statements is incorrect with regard to the legal
provisions of payment of dividend of the company?
(|) | Dividends can be paid out of profits or undisturbed profits of previous years or
money
provided by the central government.
(11) The dividends must be paid within 42 days from the date of declaration.
(111) Dividends will be based upon the issued capital of the shares.
(8) Dividends can be paid out of profits and capital of the company.

A:-Statements (1) and (II) are incorrect
B:-Statements (II) and (III) are incorrect
C:-Statements (III) and (IV) are incorrect
D:-None of the above
Correct Answer:-Question Cancelled
Question28:-Who is considered as the founding father of social system school?
A:-Charles Babbage
B:-Chester | Bernard
C:-Robert Owen