Accounts Incharge Interview Questions and Answers

MR & MC in manufacturing concern

• MR (Marginal Revenue) is measured by calculating the change in total revenue when one additional unit of output is produced.

• MC (Marginal Cost) is measured by calculating the change in total cost when one additional unit of output is produced.

• In a manufacturing concern, MR and MC are used to determine the optimal level of production.

• The goal is to produce at a level where MR equals MC, which maximizes profits.

• For example, if a company produces 1...read more

Before making a corporate plan, prediction should be based on market trends, financial analysis, and competitor analysis.

• Market trends analysis

• Financial analysis

• Competitor analysis

• SWOT analysis

• Risk assessment

• Industry research

• Customer feedback

• Sales forecast

• Budget analysis

Profit margin is determined by dividing net profit by revenue. Ratio analysis involves comparing financial ratios to industry benchmarks.

• Profit margin is calculated by dividing net profit by revenue

• Ratio analysis involves comparing financial ratios to industry benchmarks

• Financial ratios include liquidity ratios, profitability ratios, and solvency ratios

• Industry benchmarks can be found through research or by using financial databases

• Ratio analysis can help identify areas of st...read more

Corporate planning and budgeting involves setting goals, creating strategies, and allocating resources to achieve financial targets.

• Identify company goals and objectives

• Analyze financial data and market trends

• Create a budget based on available resources

• Allocate resources to different departments and projects

• Monitor and adjust the budget as needed