Bengal Institute of Technology - Economics for Engineers Past Paper (2024-2025) PDF

# Bengal Institute of Technology - College Code: 121 - MAKAUT ODD SEM CA3 Assessment 2024-25 ## Student Information - Name: Abhijit De Chowdhury - Roll No: 12100223001 - Regn No: 231210110113 - Stream: IT - Paper Name: Economics for Engineers - Paper Code: HSMC-301 - Sem: 3rd (ODD) ## Group A...

# Bengal Institute of Technology - College Code: 121 - MAKAUT ODD SEM CA3 Assessment 2024-25 ## Student Information - Name: Abhijit De Chowdhury - Roll No: 12100223001 - Regn No: 231210110113 - Stream: IT - Paper Name: Economics for Engineers - Paper Code: HSMC-301 - Sem: 3rd (ODD) ## Group A 1. Profit 2. Depreciation 3. Interest 4. Depreciation of Total Income 5. 1500 ## Group B ### 6. Fixed Cost vs Variable Cost - Fixed cost refers to cost that does not change with time - Fixed cost is an initial cost and does not effect day to day expenses - Variable cost refers to costs that depend on your business activity - Variable costs are fixed but change over time ### 7. Break Even Point - Break even point is a popular and commonly used tool for analyzing the relationship between volume and profitability - It helps to know when a company is profitable #### Types of Break Even Point: - Account break even point - Cash break even point - Financial break even point #### Break Even Cost - Fixed Cost / Initial cost ### 8. Depreciation - Depreciation is a Diagram which gives information for a business performance - It has two types - Cash inflow - Cash outflow #### Cash inflow - Any cash that comes from your business #### Cash outflow - Any cash that goes from your business ### Example: - Cost of Asset: 25,00,000 - Installation Cost: 70,000 - Freight: 2,30,000 - Scrap Value: 5,50,000 - Initial Value: 32,00,000 - Depreciation: 27,50,000 * 15 - = 4125000