Example on investment appraisal method, Financial Accounting

Assignment Help:

Q. Example on investment appraisal method ?

Contribution per unit = 3·00 - 1·65 = $1·35 per unit

Total annual contribution = 20000 × 1·35 = $27000 per year

Annual cash flow after fixed costs = 27000 - 10000 = $17000 per year

Payback period = 50000/17000 = 2·9 years

(Supposing that cash flows occur evenly throughout the year)

The payback period computed is greater than the maximum payback period used by Umunat plc of two years and on this basis should be rejected. Utilize of payback period as an investment appraisal method cannot be recommended but because payback period doesn't consider all the cash flows arising from an investment project as it ignores cash flows outside of the payback period. In addition payback period ignores the time value of money.

The reality that the payback period is 2·9 years must not therefore be a reason for rejecting the project. The project must be assessed using a discounted cash flow method such as net present value or internal rate of return since the project as a whole may generate an acceptable return on investment.


Related Discussions:- Example on investment appraisal method

Financial accounts, The following items are found in the trial balance of M...

The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000. 10 marks Summer 2013 Sundry Debtors Rs.160000 Bad Debts written off Rs 9000 Dis

What is recapitalization, Q. What is Recapitalization? Recapitalization...

Q. What is Recapitalization? Recapitalization - An internal reorganization of a corporation including a rearrangement of capital structure by changing the kind of stock or numb

Evaluate value of rights per existing share, Q. Evaluate Value of rights pe...

Q. Evaluate Value of rights per existing share? Rights issue price = 4·00 × 0·85 = $3·40 Theoretical ex rights price = ((5 × 4·00) + 3·40)/6 = $3·90 Value of rights per e

How much would the income from operation, Materials used by Company X in pr...

Materials used by Company X in producing Division A's product are currently purchased from outside suppliers at a cost of $30 per unit. But the same materials are available from Di

Help, Ask question Sean Corp. issued a $60,000, 10 year bond at the face ra...

Ask question Sean Corp. issued a $60,000, 10 year bond at the face rate of 8% annually on 1/1/X0. The market rate was 10%. How much cash will the bond investors receive at the end

Receiving order, RECEIVING ORDER It includes five main important points...

RECEIVING ORDER It includes five main important points as follows: Effect of receiving order: The consequences of the making of the receiving order are:The debtor retain

Break-even ebit, Break-Even EBIT: Rolston Corporation is comparing two ...

Break-Even EBIT: Rolston Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, Rolston would have 1

Define constant working capital, Q. Define Constant working capital? Th...

Q. Define Constant working capital? The supposition of constant working capital should be investigated. Net working capital is probable to increase in line with sales and so ad

International financial reporting standards and gaap, Alta Velocidad Espera...

Alta Velocidad Esperanza de L'Argentina, Sociedad Anónima (AVE), a high-speed railway operator domiciled in Rio Norte, Argentina, is a Foreign Private Issuer as defined by the U.S.

Answer for Assignment, Transaction Entry Information: May 1 Owener H.Hadi ...

Transaction Entry Information: May 1 Owener H.Hadi invested $40,000 in the business

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd