Financial and management accounting

Assignment Help Financial Accounting

Reference no: EM1312545

1. We want a flexible budget because costs are too hard to predict. We need the flexibility to change budgeted costs as input price change. Does a flexible budget serve this purpose? Explain.

2. Indirect method of reporting cash flows from operating can create a erroneous impression about non-cash expenses (such as depreciation). What kind of impression it can create and why is it erroneous.

3. "The effect of price reduction is always to reduce the p/v ratio, to raise the B.E.P. and shorten the MOS." Explain with suitable example.

4. Equipment A has a cost of ` 75,000/- and net cash flow of ` 50,000/- and generate net cash flow of ` 15,000/- per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for each equipment. Which equipment should be accepted?

Reference no: EM1312545

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