《strategy and the analysis of capital investments》由會員上傳分享，免費在線閱讀，更多相關(guān)內(nèi)容在工程資料-天天文庫。

1、ConfirmingPagesCHAPTERTWELVEStrategyandtheAnalysisofCapitalInvestmentsAfterstudyingthischapter,youshouldbeableto1.Explainthestrategicroleofcapital-investmentanalysis2.Describehowaccountantscanaddvaluetothecapital-budgetingprocess3.Provideageneralmodelfordeterminingreleva

2、ntcashflowsassociatedwithcapital-investmentprojects4.Applydiscountedcashflow(DCF)decisionmodelsforcapital-budgetingpurposes5.Dealwithuncertaintyinthecapital-budgetingprocess6.Discussandapplyothercapital-budgetingdecisionmodels7.Identifybehavioralissuesassociatedwiththeca

3、pital-budgetingprocess8.(AppendixA):UnderstandalternativetemplatesforsettingupaDCFanalysis9.(AppendixB):Identifyselectedadvancedconsiderationsinmakingcapital-investmentdecisionsLEARNINGOBJECTIVE1Considerthefollowingexamplesofstrategicinvestmentsmaderecentlybyavarietyofco

4、m-Explainthestrategicroleofpaniesandindustries:capital-investmentanalysis.?InAugust2008GeneralMotors(GM)Corporationannouncedaplannedinvestmentof$350millionatitsLordstown,Ohio,assemblyplant.ThisinvestmentisdesignedtosupporttheproductionofGM’snextgenerationofsmallcars,incl

5、udingtheCruze,whichissched-uledtoreplacetheChevyCobalt.(Source:TheWallStreetJournal,August22,2008,p.B-5)?InJuly2008FordMotorCompanyannouncedanaggressiveplantospendasmuchas$3billiontoretoolthreeofthecompany’sNorthAmericantruckplantstoenabletheseplantstobuildatleastsixsmal

6、lvehicles,includingtheFordFiesta,whichthecompanycurrentlymakesandsellsinEurope.(Source:TheWallStreetJournal,September8,2008,p.B3)?WaltDisneyCompany’sCaliforniaAdventurethemeparkcelebrateditsgrandopeningin2001,buthassincenotliveduptoexpectationsintermsofattendanceandprofi

7、tability.Thus,in2007thecompanyannouncedthatitplannedtospend$1.1billion(overafive-yearperiod)foramassiveoverhaulofthepark.(Source:TheWallStreetJournal,October17,2007,p.B1)?Consumerdemandforonlinevideoandotherbandwidth-hungryInternetservices(filesharing,Internetphoneservic

8、e,etc.)hasforcedtelecommunicationscarrierstosignifi-cantlyimproveavailablecapacity.Projectedspendingin2