资本预算与成本分析【英文】

6. Implementation and control stage
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Capital Budgeting Example
Initial investment is $245,000. Investment in working capital is $5,000. Useful life is three years.
Estimated residual value is zero.
Net cash savings is $125,000, $130,000, and $110,000 over its life.
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Capital Budgetiபைடு நூலகம்g Example
The administration acquires information.
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Two Dimensions of Cost Analysis
Project D
Project C Project B Project A 2002 2003 2004 2005 2006
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©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
Learning Objective 2 Understand the six stages of capital budgeting for a project.
Capital Budgeting and Cost Analysis Chapter 21
©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
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Learning Objective 1 Recognize the multiyear focus of capital budgeting.
One of the goals of Assisted Living is to improve the diagnostic capabilities of its facility. Management identifies a need to consider the purchase of new equipment. The search stage yields several alternative models, but management focuses on one particular machine.
©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
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Two Dimensions of Cost Analysis
1. A project dimension
2. An accounting-period dimension The accounting system that corresponds to the project dimension is termed life-cycle costing.
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Capital Budgeting Example
Working capital is expected to be recovered at the end of year 3 with an expected return of 10%. Operating cash flows are assumed to occur at the end of the year. In the selection stage, management must decide whether to purchase the new machine.
©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
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Capital Budgeting
Capital budgeting is the making of long-run planning decisions for investments in projects and programs. It is a decision-making and control tool that focuses primarily on projects or programs that span multiple years.
©2003 Prentice Hall Business Publishing, Cost Accounting 11/e, Horngren/Datar/Foster
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Capital Budgeting
Capital budgeting is a six-stage process: 1. Identification stage 4. Selection stage 2. Search stage 5. Financing stage 3. Information-acquisition stage