題目

The management of J Co have heard about the concept of the time value of money.

Required:

(i)?Complete the gaps in the following statement: The time value of money means that $1 now is worth (GAP 1) than $1 in the future. The reasons for this are risk, (Gap 2) and potential for earning a return e.g. interest.?

(ii)?Using a discount rate of 8%, and assuming that the cash flows arise at the end of a year, calculate the discounted payback period.

掃碼查看暗號(hào),即可獲得解鎖答案!

點(diǎn)擊獲取答案
考點(diǎn):Chapter15Budgeting

(i) Gap 1 more

Gap 2 inflation

(ii)????Year?????????????????????????? ???? Cash flow x DF????????????? ???????? Cumulative cashflow

????????? 0???????????????????????????????????????? -18,750???????????????????????????????????? -18,750

????????? 1?????????????????????????????? 5,000 x 0.926 = 4,630????????????????????? ? -14,120

????????? 2?????????????????????????????? 5,000 x 0.857 = 4,285????????????????????????-9,835

????????? 3?????????????????????????????? 5,000 x 0.794 = 3,970?????????????????????? ?-5,865

????????? 4?????????????????????????????? 5,000 x 0.735 = 3,675???????????????????? ???-2,190

????????? 5??????????????????????????????5,000 x 0.681 = 3,405???????????????????????? +1,215

As the cash flows arise at the end of the year payback will be 5 years Alternative working

The project will payback when $18,750 = $5,000 x AF @ 8%

AF(1-n)=3.75

The annuity factor for 4 years is 3.312, and 5 years is 3.993. Therefore the payback must occur at 5 years as the cash flows arise at the end of the year.

多做幾道

What was the actual usage of direct material during February?

A

800 kg

B

1,000 kg

C

1,200 kg

D

None of these

What was the selling price variance for February?

A

$120 (F)

B

$900 (A)

C

$1,200 (A)

D

$1,200 (F)

What was the sales volume profit variance for February?

A

$900 (F)

B

$1,200 (F)

C

$900 (A)

D

$2,100 (A)

材料全屏
30

【簡(jiǎn)答題】

From the information provided calculate

(i)?The actual price paid per kg for the direct material?

(ii)?The standard quantity that should have been used for actual production.

Which of the following is likely to lead to the variances stated above?

A

lower quality direct material has been purchased

B

?higher quality direct material has been purchased

最新試題

該科目易錯(cuò)題

該題目相似題