PENGANGGARAN MODAL DALAM PENGAMBILAN KEPUTUSAN INVESTASI JANGKA PANJANG

Abstract

Significant lack of planning in making an investment by a company. This is
because in planning an investment project certainly require substantial funds, so that
if it is not budgeted and calculated properly, it can result in the failure of investment
projects that could cause a company suffered a great loss. This study discusses the
capital budgeting of a project in the CV. X will buy a corn seed drying machine. In
this study is discussed in detail how to calculate the initial investments, estimating
revenue to be obtained by the company when the project is, how long the capital
issued by the company to the investment project will be returned, and the most
important thing is feasible or not it is an investment project planning. The method
used in the calculation of capital budgeting is the payback period, discounted
payback period, Net Present Value (NPV), and Internal rate of Return (IRR). In this
study showed that planning the purchase of corn drying machine by CV X is received
by calculating the payback period for 3 years 2 months 5 days, discounted payback
period 3 years 10 months 21 days, NPV > 0 or NPV positive and IRR > cost of
capital, there is 21,70% > 10,80%.