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shing518 2017-10-20 11:57 PM

Net cash flows 一問

請問 Net Cash flows係點呢? 請大大們幫手:smile_42::smile_42::smile_42:

You have identified a potential opportunity for WBC, which involves undertaking a project that will have a ten-year life. The project requires an initial purchase of equipment and furniture totalling $4,500,000, plus ancillary programming capability and machinery costing $1,500,000. The equipment and furniture will depreciate and have a salvage value of $500,000 at the end of the project’s life, and the programing machinery will have nil salvage value at the end of the project’s life. Depreciation is calculated on a straight-line basis over five years.
Information related to the project is as follows:

• Sales will be $3,050,000, $4,000,000 and $5,000,000 respectively in each of the first three years of operation, expected to grow at 10 per cent per annum for a further four years thereafter, and then settle to a growth of 5 per cent per annum indefinitely thereafter. In the event of not undertaking this project, all of this income would be lost.
• Variable costs associated with the project will be 65 per cent of sales.

• Fixed costs associated with the project will be $400,000 in the first year and expected to grow at 5 per cent per annum thereafter.

• Even though this project will not add additional expenses to head office, WBC has a policy of allocating a ‘head office’ charge of $200,000 a year to each major project.

• Research for this project and its capability was conducted during the previous year at a cost of $300,000. It yielded valuable information.

• The corporate tax rate is 30 per cent.

• Financiers of this type and risk in this industry are presently requiring a rate of 12 per cent after corporate tax.In order to undertake this project, WBC is considering various financing options. One option is to borrowing $5,000,000 at 7 per cent per annum. This loan will be paid off in 10 equal annual instalments.

[[i] 本帖最後由 shing518 於 2017-10-20 11:58 PM 編輯 [/i]]

wideangle 2017-10-30 01:24 PM

[quote]原帖由 [i]shing518[/i] 於 2017-10-20 11:57 PM 發表 [url=http://www.discuss.com.hk/redirect.php?goto=findpost&pid=469684952&ptid=27004934][img]http://www.discuss.com.hk/images/common/back.gif[/img][/url]
請問 Net Cash flows係點呢? 請大大們幫手:smile_42::smile_42::smile_42:

You have identified a potential opportunity for WBC, which involves undertaking a project that will have a ten-year life. The p ... [/quote]


Net cash flow 簡單地說就是total receipts minus total payment
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查看完整版本: Net cash flows 一問