Engr Riley proposed to expand the efficiency of her equipment. The equipment will have a market value of Php 150,000 at the end of study period of 6years and its initial cost is Php 1,250,000. She expects a revenue of Php 400,000 per yr extra operating costs have been subtracted. If the firm’s minimum acceptable rate of return is 20% per yr, is this proposal justifiable? Use present-worth method.

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.