Use an online directory, such as http://www.yellowpages.ca or http://www.411.ca, to find a manufacturer in your area that has a website. Make an appointment with the controller or chief financial officer of the company. Before your meeting, find out as much as you can about the organization’s operations from its website.

Required:

After asking the following questions about a capital budgeting decision that was made by the management of the company, write a brief memorandum to your instructor that summarizes the information obtained from the company’s website and addresses what you found out during your interview.

1. What was the nature of the capital project?

2. What was the total cost of the capital project?

3. Did the project costs stay within budget (or estimate)?

4. What financial criteria were used to evaluate the project?