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发信人: cooltou (IDLE), 信区: E.M.S 标 题: 在线求一道题目解法,有重谢 发信站: BBS 珞珈山水站 (Tue Apr 1 10:29:29 2008) 哪位会的,请联系赵先生 13971585860,定有重谢,谢谢! Project Evaluation – The Hamburger Van Every night at the weekend, Hungry Joe comes out of the nightclub starving, as surprisingly there are no fast food places within the vicinity of the club. H e has the idea of setting up a hamburger van on a vacant piece of waste ground opposite the club. The van would also be handy for offices nearby so sales co uld also be made during the day. However these sales would be on contract to l ocal firms and would be paid by invoice three months in arrears. Sales would b e as follows; Night Day T Sales (£) Sales (£) 2010 15000 19500 2011 16025 20832.5 2012 17050 22165 2013 18075 23497.5 The van will cost £20,000. His accountant has advised him that this shou ld be depreciated at 25% and that it will have a net worth of zero at the end of the project. Hungry Joe has paid £10,000 to a market researcher to es tablish the likely sales figures. He estimates he will need a cash float of &p ound;30,000. He estimates annual staff costs and stock costs as follows. Variable Costs Staff Stock T Costs (£) Costs (£) 2010 17550 13500 2011 18083 15120 2012 18616 16934 2013 19149 18967 Stock purchases from wholesalers are normally given six months credit. Hungry Joe will undertake the initial expenditure in 2009. Should he go ahead given that he currently earns 6.5% on his savings in a high interest account? 1. Set these figures out as a profit and loss account. (25) 2. Calculate the accounting rate of return (5) 3. Work out the Net Present Value (25) 4. Roughly work out the internal rate of return (to within a half percent e ither way). .(15) 5. Explain which of the above criteria would be relevant in making a decisi on on whether to go ahead with the project. (25) 6. Would you recommend this project? (5) -- ※ 来源:·珞珈山水BBS站 http://bbs.whu.edu.cn·[FROM: 221.234.213.*] |
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