我想問下個 renting 同 purchasing 的fixed 同variable cost 係點計(每年)~
仲有每年(renting 同purchasing)收入係幾多?
net present value 點計?
happy Ltd is a transport comany which provides services of delivering toy products for about 100 customers.as to expend the services,its managing director,N\Ms Au, is considers to purchasing or renting a new van. the management accounting provides the following information to Ms. Au for his decision making:
1. Purchase of a new van
a) The van $200,000 will be purchased in cash.
b) The van will have a useful life of five years. The residual value of the van is nil at the end of its useful life.
c)If the van is fully used, no. of delivery orders to be received each year will be 250.Then, a total contribution of $160,000 per year on such no. of deliveries will be received in cash at the end of each year.
d) An inspection cost of $60,000 will be paid at the end of the third year
e) Fixed operating costs of $16,000 per year will be aid at the year end.
2. Renting of a new van
a) The rental fee of the van over the five years amounts of $60,000 per year. It will be paid annually in advance.
b) If the van is rented,the inspecion cost and the fixed operating costs will be avoided.
c) The same contribution of $160,000 per year on the expected 250 deliveries will be received in cash no matter whether the van is purchased or rented
The cost of capital is 10% per annum.
有關management accounting and finance 的問題
2008-05-07 8:05 am
回答 (2)
2008-05-07 7:27 pm
✔ 最佳答案
You need to calculate the NPV (Net Present Value) for both purchasing and renting a new van, NPV is calculated by discounting the net future value to present, in formula: NPV=FV1/(1+ cost of capital)^1+ FV2/(1+cost of capital)^2+ ..... +FVn/(1+ cost of capital)^n, n means number of years, hence, if you purchase the van, the NPV=-200,000+(160,000-16,000)/(1+ 10%) +(160,000-16,000)/(1+ 10%)^2+ (160,000-16,000-60,000)/(1+ 10%)^3+ (160,000-16,000)/(1+ 10%)^4+ (160,000-16,000)/(1+ 10%)^5=$300,794.41. If you rent the van, the NPV=-60,000+ (160,000-60,000)/(1+ 10%)+ (160,000-60,000)/(1+ 10%)^2 +(160,000-60,000)/(1+ 10%)^3+ (160,000-60,000)/(1+ 10%)^4+ 160,000(1+ 10%)^5=$356,333.96. Because NPV from renting the van is highe than purchasing it, Mr Au should rent a new van.2008-05-07 14:46:59 補充：
When you purchase a new van, initial fixed cost is $200,000 and annual fixed operating cost is $16,000. Besides, an inspection cost of $60,000 will be paid at the end of year 3. However, you will pay an annual variable cost of $60,000 at the beginning of each year if you rent a van.
2008-05-07 14:47:09 補充：
I think what you are saying about the 表 is with 1 dollar future value and10% cost of capital, PV at year 1 is 0.9091 which equals 1/(1+10%), PV at year 2 is 0.8264 equals 1/(1+10%)^2..... the values appear in my calculations. As I have no 表 on hand, I calculate them by myself.
2008-05-07 8:18 pm
fixed 同variable cost 係點計???
唔係有個表咩??
2008-05-07 14:54:36 補充：
唔好意思,都係唔係好明~
條式係點ga???
唔係有個表咩??
2008-05-07 14:54:36 補充：
唔好意思,都係唔係好明~
條式係點ga???
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