考试首页 | 考试用书 | 培训课程 | 模拟考场  
  当前位置:考试网 >> ACCA/CAT >> 备考指导 >> 文章内容
  

ACCA考试《财务成本管理》辅导(4)_第2页

考试网  [ 2017年6月28日 ] 【

  Reference

  1. Idowu, S. O., ?Budgeting: A management tool?, ACCA Students? Newsletter, April 1996, Pages 58?59.

  When using the NPV method the present value table is required in order to find out the present value factors of the pound at different rates over different time periods. Your examination question paper has often in the past provided the table for candidates? use with the examination questions. There is no indication that this will not continue. However the figures in the table can be calculated if a table is unavailable.

  Deluxe model

  Under the NPV method super has a positive NPV of £51,840 whilst deluxe has a negative NPV of £41,040. Any project with a negative NPV should not be undertaken at all. On the basis of this super model will be recommended but not deluxe model.

  Internal Rate of Return (IRR)

  Under NPV we have used 12% discount rate and arrived at both a positive and negative NPV respectively for the two machines. We need to use a higher rate for the Super model to arrive at a negative NPV and a lower rate for Deluxe model to arrive at a positive NPV. Remember that the higher the IRR the better. Let us now use 20% for Super model and 4% for Deluxe model.

  Super Model

  Now that we have a negative NPV for Super model we can now use the IRR formula we had earlier to establish IRR for this model.

  Now let us turn our attention to the second machine, but first we need to find a positive NPV for this machine. We have stated earlier that we will use 4%, let us use that straight away.

  Deluxe Model

1 2
本文纠错】【告诉好友】【打印此文】【返回顶部
将考试网添加到收藏夹 | 每次上网自动访问考试网 | 复制本页地址,传给QQ/MSN上的好友 | 申请链接 TOP
关于本站  网站声明  广告服务  联系方式  站内导航
Copyright © 2006-2019 考试网(Examw.com) All Rights Reserved  营业执照