Carmen M. Malebranche 4690390 Summer A ACG 3301 Capital Budgeting Project 1. Research the cost of each model (include estimated taxes and title costs). Also, obtain an estimate of the miles-per-gallon fuel efficiency of each model. 2. Estimate the number of miles you drive each year. Also estimate the costs of a gallon of fuel. 3. Given your previous estimate from 1 and 2, estimate the total cost of driving the hybrid model for one year. Also estimate the total cost of driving the non-hybrid model for one year. Calculate the savings offered by the hybrid model over the non-hybrid model. 4. Calculate the NPV of the hybrid model, using the annual fuel savings as the annual cash inflow for the 10 years you would own …show more content…
What qualitative factors might affect your decision about which model to purchase? I have owned a hybrid model car in the past. The reason that I purchased the car was because I was driving 40 miles to work every day. In this case having a hybrid really did benefit me because on the highway the car would go into the electric mode and save my gas. However, there were many unforeseen problems with my hybrid. Hybrid cars have not been around very long so there is not a long history of what type of maintenance and issue could arise from owning a hybrid car. The Sonata SE has a long history of being a reliable automobile and there have been years for Hyundai to really work out any mechanical issues or features that didn’t work. The hybrid version of the Sonata has not been out enough years to have the track record that the Sonata SE has. For this reason, I would be hesitant on buying the Hybrid version and also because I do not have the necessity for a Hybrid at this time in my life. Also, I do not drive enough to justify paying the price difference for the
Customers come to this restaurant because of the good Italian food at a low price – you can get a meal for $7, including drinks. Customers also eat at Papa Geo’s due to the cleanliness of the facility, the speed of getting their seat and food, and the vending machines which keep the children busy while adults enjoy their meal.
The company should consider ethical aspects of the changes in original budget and actual sales/amount. The main reason behind it is the variances in materials, labor, and overhead. In addition to this, the firm should evaluate the actual variance in the materials, labor, and overhead and after that change in budgets in order to maintain business ethics and to reduce improper changes in budget that is unethical aspect of the business (Delaney & Whittington, 2012).
Due to the state budget impasse, the LIU 12 budget has been frozen and staff cannot request to go to a conference. This evidence-based project will be a free opportunity for occupational therapists to obtain professional development units. Since it will be done through the use of technology, therapists can participate at time and location that is convenient for their
Capital Budgeting encourages managers to accurately manage and control their capital expenditure. By providing powerful reporting and analysis, managers can take control of their budgets.
San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. In 2006, the city's population was estimated to be 1,256,951. It is the second largest city in California and the eighth largest city in the United States, by population. It is the county seat of San Diego County and is the economic center of the San Diego–Carlsbad–San Marcos metropolitan area, the 17th-largest in the United States with a population of 2.9 million as of 2006, and the 21st-largest metropolitan area in the Americas when including Tijuana.
Actual training will take place over two days so that we can house a large number of employees while working very quickly at training them efficiently. Duration estimated were decided by looking at average training times used by similar businesses and the type of training we are trying to achieve. The overall project budget will be split into 4 quarters to highlight the expenses needed at each time frame. This will help to breakdown the overall budget into smaller more manageable expenses to get more detail into what is being spent and what it is being spent on. These quarterly expenditures will do a lot to keep costs as efficient as possible and provide a closer look at how these resources are being divided.
Required: You need to prepare a comprehensive 6-month budget, including supporting schedules and a report for the period January 1, 2010 to June 30, 2010 for Henron, Inc (a fictional company). This project must include:
When you write the paper, please don’t use a excel spreadsheet, only use analysis of the data in Microsoft word sheet. I mean explain everything in words. Thanks!
Healthcare organizations, like any other company, needs to make the right capital investment decision. This is done by assessing several aspects of an investment and allocating the proper resources to meet those requirements. Capital project analysis plays an important role in the decision making process. The purpose of this paper is to describe the kinds of decisions made by a capital investment decision analysis. Secondly, the four stages of the capital decision-making process and the information needed to evaluate a capital investment project will be highlighted.
The unit costs = (vehicle costs + administrative costs + advertisements + office rent) / number driving hours + (total maintenance cost/number of driving
If I was going to prepare a capital expenditure budget request to add a retail pharmacy in the hospital my first choice of two individuals I want on my team is the manager over the hospital current pharmacy. They would have general knowledge based on the hospital patients what illnesses and medicines are common to deal with and give us a valuable perspective on costs, space and displays. In our text (Smith, 2014) " The manager of the hospital pharmacy can control the number of pharmacists and technicians employed relative to patient volume and technicians employed relative to patient volume and the expense for the management of the pharmacy. All of the factors I mentioned is important with establishing a capital expenditure budget. The other
For this piece of assignment, a cash budget will be made for Doomy Corporation for the second quarter of the year. For this budget, all the sales figures for the second quarter and some of the expenditure have been given. Hence, to prepare a cash budget, the sales figure given will be used and some calculations will be worked out in order to fully prepare an outstanding budget for Doomy Corporation the following information will be used efficiently.
Car buying is an essential and important skill in life, and with the advice from my personal finance class, I was able to experience the stages and steps of car buying. The three cars I narrowed down by searches include a 2012 Hyundai Sonata GLS, a 2013 Chevrolet Equinox LT, and a 2011 Honda CR-Z Ex. The 2012 Hyundai Sonata GLS has 62,846 miles and is grey, the 2013 Chevrolet Equinox LT has 164,899 miles and is black, and the 2011 Honda CR-Z Ex has 22,500 miles and is silver. They all cost between $9,950 and $10,000, and all three of the cars have air conditioning and over 32 highway miles per gallon. The next four paragraphs will go in detail of the three cars pros and cons and will also feature my choice of car if I had to pick out of the
With the help of case studies of Siemens Electric Motor Works, John Deere Component Works, and Schrader Bellows, Cooper (1989) demonstrated that the ‘management objectives’ and ‘diversity of product mix’ determine the extent of the complexity in the design of activity-based cost management systems. The competitive environment in which the firm is operating, drives the need for activity-based costing.
The following criteria will be used to evaluate the three potential solutions to determine the superior solution. The first criteria to evaluate will be the cost of each vehicles base model. The second criterion is the range of each vehicle has after a fully charged battery. The final criteria that will be used to evaluate each vehicle will be the efficiency of each of the vehicles.