Co-dhùnaidhean Mu Ghnìomhachasan

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Questions and Answers

Dè an rud a bhios CamScanner a’ dèanamh?

  • A’ scanadh agus a’ ìomhaigh a’ glèidheadh (correct)
  • A’ cruthachadh nairean gnìomhachais
  • A’ seachadadh puist-d gu fèin-ghluasadach
  • A’ sgaoileadh clàran air-loidhne

Càite a ghabhas CamScanner a chleachdadh?

  • Air innealan toraidh mòra a-mhàin
  • Air innealan gluasadach is clàran (correct)
  • Air a’ choimpiutair eadar-lìn a-mhàin
  • Air scrionaichean mòr a-mhàin

Dè an fheart sònraichte a tha aig CamScanner?

  • Offers automatic document enhancement features (correct)
  • Allows manual editing of scanned documents
  • Scans only black and white documents
  • Provides cloud storage exclusively

Dè an cruth fa leth a tha CamScanner a’ toirt seachad dha na faidhlichean a tha air an dèanamh?

<p>PDF agus JPEG (A)</p> Signup and view all the answers

Cò a tha freagairt ri bhith a’ cleachdadh CamScanner?

<p>Luchd-cleachdaidh a tha ag iarraidh sgrìobhainnean air an dèanamh (A)</p> Signup and view all the answers

Flashcards

CamScanner

App for scanning documents using smartphone camera.

Document Scanning

The process of converting paper documents into digital format.

Smartphone Camera

A camera integrated into a mobile phone for photography.

PDF Format

A file format used for capturing and sharing document layout and content.

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Optical Character Recognition (OCR)

Technology that converts different types of documents into editable and searchable data.

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Study Notes

Capital Expenditure Decisions

  • An investment screening process involves identifying ideas aligned with company goals.
  • Cost-benefit analysis, using techniques like Net Present Value (NPV), Internal Rate of Return (IRR), and others, assess investment potential.
  • Selection of the best project requires thorough analysis and justification.
  • Capital budget proposals must be reviewed and authorised by senior management.
  • Implementation involves executing the project and tracking its progress.
  • Post-audit reviews help assess and evaluate the project's success.
  • Sunk costs are costs already incurred and cannot be recovered. Examples include marketing, research, and salaries.

Project Evaluation

  • Independent projects are evaluated separately, while mutually exclusive projects, such as two competing factories, must be evaluated comparatively to determine the most lucrative option.
  • Unlimited funds versus capital rationing: decisions under different financial constraints are considered.
  • Conventional versus unconventional cash flow patterns are considered.
  • Annuity versus mixed stream cash flows: different patterns of cash flows through time are considered during evaluation.

Project Evaluation: Cash Flow

  • Initial cash flow, operating/recurring cash flow, and terminal cash flow are considered.
  • Initial cash flow comprises project costs, investment sizes, and any related expenses.
  • Operating cash flow tracks ongoing revenue generation and costs for the project's life.
  • Terminal cash flow includes any sums after the project is finished, salvaged, or decommissioned.

Decision Making Based on Timing

  • Flexibility viewpoint of projects: important to consider how long funds will remain tied up in a project.
  • Cost estimation errors: over or underestimation can lead to project miscalculations.

Project Evaluation: Methods

  • Ranking approach: if many projects are desirable, ranking them according to priorities, testings, and criteria can help choose the best one based on return and revenue estimation.
  • Conventional cash flow: a series of cash inflows followed by cash outflows.
  • Unconventional cash flow: cash flow patterns may change during the project life.
  • Annuity: consistent stream of cash flows throughout a set period; considered fixed or perpetual.
  • Mixed stream: irregular cash flows.

Project Valuation: Capital Budgeting

  • Important to consider the financial statements to determine the company's financial health, for example, the Income Statement.
  • Also important to check balance sheets to analyse the overall condition and financial health.
  • CF's statement: important to derive fundamental financial statements.
  • Income statement assists in assessing project return, profit, and costs over set periods.
  • Balance sheets help assess project investment sizes and effects.
  • Depreciation is often a non-cash expense, impacting profitability figures.

Project Classification

  • Expansion relates to increasing operating capacity.
  • Replacement involves substituting existing assets.
  • Renewal involves improving or modernising existing assets.
  • Other purposes involve unrelated actions.

Project Evaluation: Time Considerations

  • Project evaluation needs to consider the time value of money, assessing the present value of future earnings.
  • Payback period assesses how long it takes an investment to be recouped.
  • Internal rate of return (IRR) calculates the discount rate that makes the net present value of all cash flows zero.

Project Evaluation: NPV

  • Calculate the present value of all expected cash flows, then subtract the initial cost..
  • Investment decisions with a positive NPV will increase a firm's shareholder value.

Project Evaluation: IRR

  • Determines the discount rate at which the NPV of the project equals zero.
  • Investment decisions that have an IRR greater than the hurdle/discount rate are considered favourable.
  • IRR is the discount rate that makes the project's NPV zero.

Investment Evaluation: Reinvestment Assumptions

  • Capital structure and interest rates can constantly fluctuate, requiring consideration during an evaluation of a project.
  • Risk, economic conditions, and changes in capital structure might affect capital budgeting decisions.

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