皮皮学,免费搜题
登录
搜题
【简答题】
Arbore Co is a large listed company with many autonomous departments operating as investment centres. It sets investment limits for each department based on a three-year cycle. Projects selected by departments would have to fall within the investment limits set for each of the three years. All departments would be required to maintain a capital investment monitoring system, and report on their findings annually to Arbore Co’s board of directors. The Durvo department is considering the following five investment projects with three years of initial investment expenditure, followed by several years of positive cash inflows. The department’s initial investment expenditure limits are $9,000,000, $6,000,000 and $5,000,000 for years one, two and three respectively. None of the projects can be deferred and all projects can be scaled down but not scaled up. PDur05 project’s annual operating cash flows commence at the end of year four and last for a period of 15 years. The project generates annual sales of 300,000 units at a selling price of $14 per unit and incurs total annual relevant costs of $3,230,000. Although the costs and units sold of the project can be predicted with a fair degree of certainty, there is considerable uncertainty about the unit selling price. The department uses a required rate of return of 11% for its projects, and inflation can be ignored. The Durvo department’s managing director is of the opinion that all projects which return a positive net present value should be accepted and does not understand the reason(s) why Arbore Co imposes capital rationing on its departments. Furthermore, she is not sure why maintaining a capital investment monitoring system would be beneficial to the company. Required: (a) Calculate the net present value of project PDur05. Calculate and comment on what percentage fall in the selling price would need to occur before the net present value falls to zero. (6 marks) (b) Formulate an appropriate capital rationing model, based on the above investment limits, that maximises the net present value for department Durvo. Finding a solution for the model is not required. (3 marks) (c) Assume the following output is produced when the capital rationing model in part (b) above is solved: Required: Explain the figures produced in each of the three output categories. (5 marks) (d) Provide a brief response to the managing director’s opinions by: (i) Explaining why Arbore Co may want to impose capital rationing on its departments; (2 marks) (ii) Explaining the features of a capital investment monitoring system and discussing the benefits of maintaining such a system. (4 marks)
拍照语音搜题,微信中搜索"皮皮学"使用
参考答案:
参考解析:
知识点:
.
..
皮皮学刷刷变学霸
举一反三
【单选题】车辆唯一性认定的检验内容有( ) 1 号牌号码;2 车辆类型;3 品牌/型号;4 颜色;5 发动机号码;6 车辆识别代号(或整车出厂编号)及打刻特征;7 主要特征及技术参数
A.
①②③④
B.
①②⑤⑥
C.
①③⑤⑥⑦
D.
①②③④⑤⑥⑦
【单选题】一个完整的程序框图至少包含
A.
起、止框和输入、输出框
B.
起、止框和处理框
C.
起、止框和判断框
D.
起、止框,处理框和输入、输出框
【单选题】给定以下 JAVA 代码,编译运行后输出的结果是: try{ String s=null; s.trim(); int a=3/0; }catch(ArithmeticException ex){ System.out.print (" ArithmeticException "); } catch(NullPointerException ex){ System.out.print(" Null...
A.
NullPointerException Finally Fi nished
B.
ArithmeticException Finally Fi nished
C.
NullPointerException Finally
D.
ArithmeticException Fi nished
【简答题】地表水环境现状监测时,排污口附近有水环境敏感点时,调查范围应考虑延长到水环境敏感点的( )边界。
【简答题】铝箔包装(中译英)
【单选题】领导者必须充分发扬民主,提倡百家争鸣。这是在哪种会议中领导者应该做到的素质修养? ( )
A.
产生思想的会议
B.
解决问题的会议
C.
公司的年会
D.
各部门之间的聚会
【单选题】次の_____の文と大体同じ意味の文はどれか、[A][B][C][D]から一番いいものを一つ選びなさい。 少し休んだあとで買い物に行きましょう。
A.
すこし休みたいですから、買い物をやめしょう
B.
すこし休みましたから、買い物に行きましょう
C.
すこし休みたいですが、買い物に行きましょう
D.
買い物に行く前にすこし休みましょう
【单选题】给定以下JAVA代码,这段代码编译运行后输出的结果是( ) publicclassTest{ publicstaticintaMethod(inti)throwsException{ try{ returni/10; }catch(Exceptionex){ thrownewException('exceptioninaaMothod'); }finally{ System.out.print('...
A.
finallyexceptioninmainfinished
B.
exceptioninmainfinally
C.
finallyfinished
D.
finallyexceptioninmainfinished
【单选题】在JAVA EE中,给定某Servlet的代码如下,编译运行该文件,以下陈述正确的是()。publicclass Servlet1 extends HttpServlet{publicvoid init() throws ServletException{}publicvoid service(HttpServletRequest request,HttpServletResponse respo...
A.
编译该文件时会提示缺少 doGet() 或者 dopost() 方法,编译不能够成功通过
B.
编译后,把 Servlet1.class 放在正确位置,运行该 Servlet ,在浏览器中会看到输出文字: hello!
C.
编译后,把 Servlet1.class 放在正确位置,运行该 Servlet ,在浏览器中看不到任何输出的文字
D.
编译后,把 Servlet1.class 放在正确位置,运行该 Servlet, 在浏览器中会看到运行期错误信息
【单选题】在Java EE中,给定某Servlet的代码如下,编译运行该文件,以下陈述正确的是( )。(选择一项)Public class Servlet1 extends HttpServlet{ Publicvoid init() throws ServletException{ } Publicvoid service(HttpServletRequest request,HttpServletRes...
A.
编译该文件时会提示缺少 doGet() 或者 dopost() 方法,编译不能够成功通过
B.
编译后,把 Servlet1.class 放在正确位置,运行该 Servlet ,在浏览器中会看到输出文字: hello!
C.
编译后,把 Servlet1.class 放在正确位置,运行该 Servlet ,在浏览器中看不到任何输出的文字
D.
编译后,把 Servlet1.class 放在正确位置,运行该 Servlet, 在浏览器中会看到运行期错误信息
相关题目: