1.Following data is given in regard of Johnson Ltd., which is required to develop at a pace of 20% p.a. for the following three years, after which the development rate will balance out at 8% p.a. typical level, in ceaselessness.

For the year finished March 31, 2014

Revenues ' 7,500 Millions

Cost of Goods Sold (COGS) ' 3,000 Millions

Working Expenses ' 2,250 Millions

Capital Expenditure ' 750 Millions

Depreciation (included in Operating Expenses) ' 600 Millions

During high development period, incomes and Earnings before Interest and Tax (EBIT) will develop at 20% p.a. also, capital use net of devaluation will develop at 15% p.a. From year 4 onwards, for example typical development period incomes and EBIT will develop at 8% p.a. also, gradual capital consumption will be balanced by the devaluation. During both high development and ordinary development period, net working capital prerequisite will be 25% of incomes.

The Weighted Average Cost of Capital (WACC) of WXY Ltd. is 15%. Corporate Income Tax rate will be 30%.

Required:

Gauge the estimation of Johnson Ltd. utilizing Free Cash Flows to Firm (FCFF) and WACC system.

The PVIF @ 15 % for the three years are as underneath:

Year t1 t2 t3

PVIF 0.86 0.75 0.65

2.Under the Income-tax Act, 1961, which of the accompanying costs brought about by Sun Ltd. during the earlier year finished 31st March, 2019 won't be permissible as allowance while registering its business pay

a.Contribution to an ideological group in real money

b.Interest on credit taken for installment of personal duty

c.Capital exnditure on commercial

d.All of the above mentioned

3.Any partnership by or under any Central, State or Provincial Act or a Government Company as characterized in the Companies Act is called -

a.Public area Company

b. Joint organization

c. Private Sector company

d. Common Company

4.Any organization which has made the endorsed plans for the assertion and installment of profits inside India is called -

a.Domestic Company

b. Non homegrown organization

c. Public area company

d. Common organization

5.A organization which is neither an Indian organization not has made the recommended courses of action for the assertion and installment of profits inside India is called -

a.Domestic Company

b. Unfamiliar Company

c. Public area company

d. Common organization

6.A organization in which general society are not significantly intrigued is shut -

a.Open company

b. Firmly held organization

c. Restricted company

d. None of these

7.A individual conveying not less than of the democratic force in an organization is said to have considerable

interest in the organization.

a. 10%

b. 20%

c. 30%

d. 40%

8.Section 115JB identifies with -

a.Securities Transaction Tax

b. Greatest Alternative Tax

c. Least Alternative Tax

d. Overcharge

9.Under the Income Tax Act, 1961, deterioration on hardware is charged on ...

a.Purchase cost of the machinery

b. Recorded estimation of the hardware

c. Market cost of the machinery

d. The entirety of the abovementioned

10.If the expense obligation of an organization is under 18.5% of its book benefits, the organization is responsible to pay MAT at the pace of -

a.15% of books benefits in addition to Surcharge) assuming any) in addition to 4% HEC

b.16% of books benefits in addition to Surcharge)if any) in addition to 4% HEC

c.16.5% of books benefits in addition to Surcharge)if any) in addition to 4% HEC

d.18.5% of books benefits in addition to Surcharge(if any) in addition to 4% HEC