PRACTICAL CASH AND BANK AUDIT (Test 2) Daily cash report is prepared by accountant on 15 November 2017 is given as follows. Owner suspected that daily cash report on 15 November 2017 shows that cash and bank movement is decrease by $5,000 is incorrect, so he wants Internal auditor make appropriate audit procedures to check daily cash report above. Required:
Continue reading Present Value with Supernormal Growth Rate Time Line Which Ct+1 = Ct(1+g)1 Ct+2 = Ct(1+g)2 Ct+3 = Ct(1+g)2 ……………………………………………………………………………………………… So present value is summarized as follows:
Continue reading Present Value with the Two-Stage Growth Rate This model assumes the future cash flows will grow at different rates for the different periods. Present value with the two-stage growth rate is often applied to find present value or current price of ordinary share (common stock). Time Line Constant growth rate g1 during a first stage of growth from period 0
Continue reading Present Value with Constant Perpetual Growth Rate Present value with constant perpetual growth rate is often applied to find present value or current price of ordinary share (common stock). Time Line Which C0 : base amount at the beginning of period 1 (Period 0) for constant perpetual growth rate g: constant perpetual growth rate Question The XYZ Co. has just
Continue reading Present Value with Constant Growth Rate Present value with constant growth rate is often applied to find present value or current price of ordinary share (common stock). Which C0 : base amount at the beginning of period 1 (Period 0) for constant growth rate g: constant growth rate Question Mr. BB want to invest stocks from NNM Company. Suppose that
Continue reading Present Value of Perpetuity Due The word perpetuity is an annuity in which the cash flows continue forever. The cash flows due occur at the beginning of the each period. Time Line
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Continue reading Present Value with Ordinary Perpetuity The word perpetuity is an annuity in which the cash flows continue forever. The ordinary cash flows occur at the end of each period. Time Line Question If the market interest rate is 11 percent, a consol with a yearly interest payment of $50. What is the current price of consol? Solution PV=C/r=$50/0.11=$455 So, price of consol
Continue reading Present Value with Even Cash Flows- Annuity Due Present value with even cash flows or annuity will be deposited or invested today with appropriate discount rate, and after that different even cash flows or annuity will be received during more than one period. The cash flows due occur at the beginning of the each period. Time Line Which: PVAD: present value annuity
Continue reading Present Value with Even Cash Flows- Ordinary Annuity Present value with even cash flows or annuity will be deposited or invested today with appropriate discount rate, and after that different even cash flows or annuity will be received during more than one period. The ordinary cash flows occur at the end of each period. Which: PVA: present value of ordinary annuity PVAF(r,t)=
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