這是一篇我們在2017年為澳洲昆士蘭大學的學妹創作的會計代寫範文,這篇essay有文字有計算,我們都分別列舉出來給大家展示,首先背景是Doggy Clean私人有限公司正在考慮投資一種新型的具有較高壓力低容量水流量系統的狗狗清洗設備。 這樣可以減少每次狗狗洗澡時使用的水量,每年可節約約2000升水。 他們期望有些客戶會喜歡在昆士蘭省節水的好處,而且吸引新客戶。
(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
中間的文字部分給出觀點並簡單分析,根據已知的情況,由於已知條件中未提及所得稅,所以我們不予考慮,另外,研究成本已經發生,所以具體的答案以表格的形式呈現。
(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.
在文字的答題部分,看題目要求,說明做出這個決定時是否存在非經濟因素?回答是肯定的。再做簡要闡述:做這個決定時有很多非經濟因素。 如宏觀經濟環境,政局穩定,行業競爭程度,企業財力和核心競爭力等,都是應該考慮的非經濟因素。
(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.
從保護客戶的隱私以及篇幅的角度出發。作業提交一年之後,徵得客戶同意之後,我們節選了部分計算過程以及題目的回答。這篇會計代寫嚴格來說算是一篇會計案例分析,通過分析某一個特定的case,計算其中給定的數據從而得出相關的結論。後續相關的問題和解答沒有展示出來,需要會計代寫的同學可以聯繫我們。
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