这是一篇我们在2017年为澳洲昆士兰大学的学妹创作的会计代写范文,这篇essay有文字有计算,我们都分别列举出来给大家展示,首先背景是Doggy Clean私人有限公司正在考虑投资一种新型的具有较高压力低容量水流量系统的狗狗清洗设备。 这样可以减少每次狗狗洗澡时使用的水量,每年可节约约2000升水。 他们期望有些客户会喜欢在昆士兰省节水的好处,而且吸引新客户。
(1) Doggy Clean Pty Ltd is considering investing in a new dog washing device with a higher pressure lower volume water flow system. This will reduce the amount of water used per dog wash and save approximately 2,000 litres of water per year. They expect that some customers will appreciate the benefit of saving water in Queensland and that the new device will attract new customers.
The following information has been provided:
Research costs to date $5,000
Cost of machine purchase $59,872
Expected increase in customer numbers per year – 200 new customers in first year and it is expected that these same 200 will stay for the life of the project
Contribution per customer per annum $100
Cost per litre of water - $0.01
Expected life of dog wash device (zero residual value) – 5 years
Cost of capital/desired minimum rate of return – 5%
Amortisation of research costs – Straight line
Doggy Clean Pty Ltd has a desired Payback Period of 2 years
中间的文字部分给出观点并简单分析,根据已知的情况,由于已知条件中未提及所得税,所以我们不予考虑,另外,研究成本已经发生,所以具体的答案以表格的形式呈现。
(a) Calculate the payback period of the project.
According to the know condition, the cash flow of the project is: (As the income tax is not mentioned in the known condition, so we do not consider it. Besides, as the research costs have been already happened, we should not consider this kind of sunk costs).
0 | 1 | 2 | 3 | 4 | 5 | |
Cash-inflow | ||||||
Contribution of customer | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
Saved Water | 20 | 20 | 20 | 20 | 20 | |
Subtotal | - | 20,020 | 20,020 | 20,020 | 20,020 | 20,020 |
Cash-outflow | ||||||
machine purchase | 59,872 | |||||
Subtotal | 59,872 | - | - | - | - | - |
Total | -59,872 | 20,020 | 20,020 | 20,020 | 20,020 | 20,020 |
Cumulative net cash flow | -59,872 | -39,852 | -19,832 | 188 | 20,208 | 40,228 |
So, the Payback Period = 2 + 19,832/20,020 = 2.98 years
(b) Calculate the Accounting Rate of Return (ARR) of the project.
1 | 2 | 3 | 4 | 5 | |
Revenue | |||||
Contribution of customer | 20,000.00 | 20,000.00 | 20,000.00 | 20,000.00 | 20,000.00 |
Cost | |||||
Depreciation | 11,974.40 | 11,974.40 | 11,974.40 | 11,974.40 | 11,974.40 |
Amortization of research costs | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 |
Profits | 7,025.60 | 7,025.60 | 7,025.60 | 7,025.60 | 7,025.60 |
The profit is:
The average profit = 7,025.6
The average investment = 59,872/2 = 29,936
Accounting Rate of Return (ARR) = 7,025.6 / 29,936 = 24.67%
(c) Calculate the Net Present Value (NPV) of the project.
The desired minimum rate of return is 5%.
(d) Calculate the Internal Rate of Return (IRR) of the project.
Internal Rate of Return (IRR) = 20%
(e) Based on these calculations alone, should Doggy Clean Pty Ltd buy the machine?
As we can see the NPV of the project is positive, the IRR of the project is beyond the desired minimum rate of return, hence, we can say that Doggy Clean Pty Ltd should buy the machine.
在文字的答题部分,看题目要求,说明做出这个决定时是否存在非经济因素?回答是肯定的。再做简要阐述:做这个决定时有很多非经济因素。 如宏观经济环境,政局稳定,行业竞争程度,企业财力和核心竞争力等,都是应该考虑的非经济因素。
(f) Are there non-economic considerations in making this decision? Explain.
Yes, there are many non-economic considerations in making this decision. For example, the macroeconomic environment, the stability of the political situation, the degree of competition in the industry, the financial strength and core competitiveness of enterprises, are all the non-economic factors which should be taken into consideration.
从保护客户的隐私以及篇幅的角度出发。作业提交一年之后,征得客户同意之后,我们节选了部分计算过程以及题目的回答。这篇会计代写严格来说算是一篇会计案例分析,通过分析某一个特定的case,计算其中给定的数据从而得出相关的结论。后续相关的问题和解答没有展示出来,需要会计代写的同学可以联系我们。
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