The Process of Divisional Control

  • Kenneth P. Gee


The discussion of this and the following chapter is to be set in a more familiar financial environment than was the preceding chapter. To remind readers of this point, transactions from here on are described as taking place in the more contemporary period beginning in January 1977. For this chapter, the working capital of Company R is assumed to be financed by an unindexed bank overdraft of the conventional kind, costing in 1977 15% p.a.


Cash Flow Residual Income Replacement Cost Fixed Asset Replacement Cost 
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Copyright information

© Kenneth P. Gee 1977

Authors and Affiliations

  • Kenneth P. Gee
    • 1
  1. 1.Department of Accounting and FinanceUniversity of LancasterUK

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