Lesson 09 - Investing and Budgeting

Today, we'll look at investment decisions for items such as equipment and fixture purchase and replacement. We'll also spend some time on budgeting. We'll discuss the different types of investment decisions, including average rate of return (ARR), payback period, discounted cash flow (DCF), net present value (NPV), and internal rate of return (IRR). After we work through a few problems, we'll discuss the basics of budgeting.