SQAHND财政预算34Word文件下载.docx
- 文档编号:13855503
- 上传时间:2022-10-14
- 格式:DOCX
- 页数:7
- 大小:145.49KB
SQAHND财政预算34Word文件下载.docx
《SQAHND财政预算34Word文件下载.docx》由会员分享,可在线阅读,更多相关《SQAHND财政预算34Word文件下载.docx(7页珍藏版)》请在冰豆网上搜索。
3.Management:
thecompanycanprovidesomemotivationpoliciestomotivatethestaffthatisworkhardandenhancetheworkenthusiasticofthestaff.Thiscanimprovethestaffworkefficiency.
PartB
5.0Usingfourdifferentmethodstoevaluatethefinancial.
5.1Identifytheaccountingrateofreturn.
ARR
Averageprofit=
=660,000
Accountingrateofreturn=
=26.4%
Thecasesshowthatthecompanyshouldhaveanaccountingrateofreturnofatleast15%,throughcalculation,theARRis26.4%.Therefore,thedatahasmeetcompanystandards.
5.2Identifythepayback.
Thecompanyhopestorecoverthecostoftheinvestmentwithin4fouryears.Infact,theyjustuse3years341days.(seeAppendix3.)
5.3IdentifytheNetpresentvalue.
TheNPVmethodcalculatesthepresentvaluesofcashinflowsandoutflowsandestablisheswhether.Basically,NPVprovidesanobjectiveforevaluatingandselectinginvestmentprojects.Moreover,ittakesintoaccountrequiredrateofreturnofcompanyandthentakesintoaccounttimevalueofmoney.Buttherearesubstantialuncertainlyfactorsinourworld.Forinstancetheinflationanddeflation,theexchangerate.
WhentheMatteck’scostofcapitalis10%.TheNPVis(46200).TheNPVvaluelessthan0.Thecompanyshouldnotinvestthisproject.(seeAppendix4.)
5.4IdentifytheInternalrateofreturn.
Whenthepresentvalueis5%,theinternalrateofreturnis9.39%.Whichlessthan10%ofcompanystandard.therefore,thecompanyshouldnotinvestthisproject.
(seeAppendix5)
6.0Recommendationsforinvestmentdecision.
1.Accordingthefourmethod,TheARRandPaybackarebothimplementforthisproject,buttheNPVandIRRarenotimplementedforthisProject.Inthiscase,thecompanyshouldfocusontheNPVandIRR.
2.Bycalculatesthenetpresentvalues,itseemsthatthedeficit,whichmeansthattheannualcashflowsarenotenoughtoallowmoreinteresttobedeductedandstillrepaytheoriginalinvestment.Thisinvestmentisunworthy.
3.Withinfiveyears.Allthemarketfactorsarechangeable.Theinformationwillhavedifferentchange.Andtherearemaybesomeothersituationsoccurred.SotheMatteckPLCshouldnotconcernwiththeproject.
7.0Conclusion
Thereportcanhelpthecompanymaketheflexbudget,andthenbyvariancesanalysisandusethefourmethodstoevaluatethefinancial.Throughtherecommendationscanhelpthecompanychoosethebestinvestmenttogainthemaximumprofits.
8.0Appendices
8.1Appendix1
MatteckPLCFlexedbudget
ForDecember2011
Originalbudget
5000units
Flexedbudget
4500units
Actualresults
Variance
F/A
₤
DirectMaterial
180,000
162,000
160,000
2000(F)
DirectLabour
100,000
90,000
95,000
5000(A)
VariableOverheads
50,000
45,000
47,500
2500(A)
SupervisionCost
3,300
3,400
100(A)
RentandRates
1,000
1,200
200(A)
AdministrationOverheads
2,000
2,100
Depreciation
3,000
0
Total
306,300
312,200
5,900(A)
8.2Appendix2
8.3Appendix3
Payback
Capitalcost₤2,500,00
Year1₤500,000
Year2₤600,000
Year3₤700,000
Year4₤750,000
Year5₤750,000
Total₤3,300,000
Payback=3year+×
365days
=3year341days
8.4Appendix4
Year
Annualcashflow
Presentvalue
Factorsat10%
Present
Value
₤
(2,500,000)
1,000
1
500,000
0.909
454,500
2
600,000
0.826
495,600
3
700,000
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- SQAHND 财政预算 34