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EnglandAccountingQuick questions

3.2 Management accounting

Quick questions on Capital investment appraisal: payback, ARR and net present value - AQA A-Level Accounting

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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A project costs 60,00060{,}000 and returns 15,00015{,}000 a year. Calculate the payback period. [2 marks] 60,00015,000=4\dfrac{60{,}000}{15{,}000} = 4 years.
What is q2?
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Explain why NPV is often preferred to ARR. [3 marks] NPV accounts for the time value of money and uses all the cash flows, whereas ARR ignores timing and uses accounting profit.

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