Exam Past Questions

NATIONAL OPEN UNIVERSITY OF NIGERIA 14-16 AHMADU BELLO WAY, VICTORIA ISLAND LAGOS SCHOOL OF MANAGEMENT SCIENCES OCTOBER/NOVEMBER 2014 EXAMINATION COURSE CODE: ENT415 CREDIT UNIT: 2 COURSE TITLE: ANALYSIS OF FINANCIAL STATEMENT TIME ALLOWED: 2 HOURS INSTRUCTIONS: 1. Attempt question Number one (1) and any other two (2). 2. Question number 1 is compulsory and carries 30 marks, while the other questions carry 20 marks each 3. Present all your points in coherent and orderly manner

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Our students have several reasons for using our platform:

1. Familiarity with Exam Format: Past exam questions help students understand the structure and format of the exams they will be facing. This familiarity reduces anxiety and allows students to focus more on the content rather than the logistics of the exam.
2. Identifying Key Topics: By reviewing past questions, students can identify recurring themes or topics that are frequently tested. This helps them prioritize their studying efforts and focus on areas that are more likely to appear on the exam.
3. Practice with Time Management: Exams typically have time constraints, and practicing past questions allows students to practice managing their time effectively. They can learn how much time to allocate to each question and practice pacing themselves during the exam.
4. Application of Knowledge: Answering past exam questions requires students to apply their knowledge and understanding of the subject matter. This application helps reinforce learning and deepens understanding of key concepts.
5. Feedback and Self-Assessment: After attempting past exam questions, students can compare their answers with model answers or marking schemes if available. This provides valuable feedback on their understanding and allows them to identify areas where they may need further study.
6. Building Confidence: Successfully answering past exam questions builds confidence in students' ability to tackle similar questions in the actual exam. It validates their preparation and helps alleviate exam-related stress.
7. Improving Exam Technique: Practicing past questions helps students refine their exam technique, such as how to interpret questions, structure their answers effectively, and ensure they address all parts of the question.

Using our past exam questions is a practical and effective study strategy that enhances preparation, builds confidence, and improves performance in exams by providing focused practice and valuable feedback.

NATIONAL OPEN UNIVERSITY OF NIGERIA 14-16 AHMADU BELLO WAY, VICTORIA ISLAND LAGOS SCHOOL OF MANAGEMENT SCIENCES OCTOBER/NOVEMBER 2014 EXAMINATION COURSE CODE: ENT415 CREDIT UNIT: 2 COURSE TITLE: ANALYSIS OF FINANCIAL STATEMENT TIME ALLOWED: 2 HOURS INSTRUCTIONS: 1. Attempt question Number one (1) and any other two (2). 2. Question number 1 is compulsory and carries 30 marks, while the other questions carry 20 marks each 3. Present all your points in coherent and orderly manner 1. A manufacturing enterprise has a limited plant capacity, the level and cost output will be determined by such capacity. A linear programming approach to find solution to a short-term decision problem is as follows: Umo-Ita Ltd. Manufacturing enterprise manufactures two high quality iron products(A&B) in the following proportion: Products A B N’000,000 N’000,000 Selling price per unit 30 20 Variable cost per unit 15 10 Contribution N15 N10 Milling and grinding machines are used in the manufacturing process and the total machines hours are used in the manufacturing process and the total machines hours are needed to produce are unit of each product as follows: Products A B Milling 5 hours 1.5 hours Grinding 2 2 Total 7 3.5 From the above presentation, there are some assumptions that: ? Both products are in high demand ? The only constraint on output expansion is machine capacity ? The total machine hours available monthly are: Milling (3 machines @ 200 hours per month- 600 hours) Grinding (2 machines @200 hours per month- 400 hours) Based on this presentation, the problem of decision making is to ascertain that combination of output of products – A & B which will maximise the total contribution margin to overhead and profits. i ) What is your observation at first as a business analyst? ii) Analyse the situation above in terms of the machine capacity limit, using the total number of units of either A or B which could be manufactured. iii) From the above derive an equation output limits. 30 marks 2. Discuss leverage ratio of an enterprise. Identify with brief explanations the different types of leverage ratios and their uses. 20 marks 3. “Every business has to assess the financial leverage or capital structure of ratios to ascertain the funds mix provided by the equity owners and creditors”. Explain this statement as a financial analyst. 20 marks 4. Explain the following Liquidity ratios as they affect an enterprise and its organization. (20 marks) a) Current ratio (5 marks) b) Quick ratio (5 marks) c) Cash ratio (5 marks) d) Net working capital ratio (5 marks) 5. Examine organizational goals and long-range profit goal in an enterprise. 20 marks

National Open University of Nigeria (NOUN) 

 Overview: 

The National Open University of Nigeria (NOUN) is Nigeria's foremost open and distance learning institution. Established in 1983 but suspended until 2002, NOUN was re-launched with a mission to provide flexible, accessible, and quality education to Nigerians. It operates under the auspices of the National Universities Commission (NUC) and offers a wide range of undergraduate and postgraduate programs across various disciplines. 

Mission and Vision: 

 Mission: To provide affordable, flexible, and high-quality education to all Nigerians, leveraging open and distance learning methodologies.
Vision: To be the foremost institution providing accessible and quality education through open and distance learning in Nigeria and beyond. 

Key Features and Distinctions:

Open and Distance Learning (ODL) Model: NOUN operates primarily through distance learning methods, allowing students to study from any location and at their own pace. This flexibility caters to working professionals, adults seeking education, and individuals unable to attend traditional on-campus programs. 

Programs and Accreditation: NOUN offers a wide array of undergraduate and postgraduate programs in fields such as Arts, Social Sciences, Management Sciences, Health Sciences, Education, Law, and Agricultural Sciences. All programs are accredited by the NUC, ensuring they meet national educational standards.

Admission and Enrollment: Admission into NOUN is open to all qualified individuals, irrespective of their educational background or location. Prospective students apply online and are admitted based on the fulfillment of specified entry requirements for each program. 

 Learning Resources and Support: The university provides robust learning resources and support services tailored for distance learners. This includes online course materials, virtual classrooms, academic counseling, and access to physical study centers across Nigeria.

Examinations and Assessment: Students participate in periodic examinations conducted at designated centers nationwide. Assessments may include assignments, quizzes, and final examinations, all designed to evaluate students' understanding and mastery of course materials. 

Research and Development: NOUN promotes research and scholarly activities among its faculty and students, contributing to knowledge creation and dissemination in various academic disciplines.

Community and Outreach: Beyond academic pursuits, NOUN is committed to community engagement and outreach initiatives aimed at promoting educational opportunities and societal development. 

Accolades and Recognition:
NOUN has earned recognition both nationally and internationally for its pioneering efforts in open and distance learning, contributing significantly to the democratization of education in Nigeria. 

Future Directions:
Moving forward, NOUN continues to expand its program offerings, enhance its learning technologies, and strengthen its academic partnerships to further its mission of providing accessible and quality education to Nigerians. 

Conclusion:
The National Open University of Nigeria (NOUN) stands as a beacon of open and distance learning in Nigeria, offering flexible educational opportunities that cater to the diverse needs of its student population. With its commitment to quality, accessibility, and innovation, NOUN plays a vital role in shaping the educational landscape of Nigeria and beyond.