« Home « Chủ đề cân đối tài chính

Chủ đề : cân đối tài chính


Có 20+ tài liệu thuộc chủ đề "cân đối tài chính"

Thống kê tài khoản quốc gia 60 năm xây dựng và phát triển

tailieu.vn

Th ng kê tài kho n qu c gia 60 năm xây d ng và phát tri n ố ả ố ự ể. Nh ng cán b đ u tiên làm th ng kê cân đ i, th ng ự ộ ố ệ ữ ộ ầ ố ố ố kê tài chính lúc này đ ng th i kiêm nhi...

Slide Financial Management - Chapter 1

tailieu.vn

Issues of the New Millennium. Goals of the Corporation. Responsibility of the Financial Staff. Financial Management Issues of the New Millennium. Financial Goals of the Corporation. which translates to maximizing stock price.. Is stock price maximization good or bad for society?. Is stock price maximization the same as profit maximization?. Shareholders (through managers) could take actions to maximize stock price....

Slide Financial Management - Chapter 2

tailieu.vn

Statement of cash flows. Statement of Retained Earnings (2002). Statement of Cash Flows (2002). Does D’Leon pay its suppliers on time?. If this continues, suppliers may cut off D’Leon’s trade credit.. Does it appear that D’Leon’s sales price exceeds its cost per unit sold?. NO, the negative NOPAT and decline in cash position shows that D’Leon is spending more on...

Slide Financial Management - Chapter 3

tailieu.vn

Total Assets. Expected to improve but still below the industry average.. the industry average?. Inventory turnover is below industry average.. the industry average. FA TO 8.6x 6.4x 10.0x 7.0x TA TO 2.0x 2.1x 2.3x 2.6x. FA turnover projected to exceed the industry average.. TA turnover below the industry average.. TIE 7.0x -1.0x 4.3x 6.2x. coverage 5.9x 0.1x 3.0x 8.0x. D/A...

Slide Financial Management - Chapter 4

tailieu.vn

Determinants of interest rates. DRP = default risk premium LP = liquidity premium. MRP = maturity risk premium. Yield curve and the term structure of interest rates. The yield curve is a graph of the term structure.. A Treasury yield curve from October 2002. Constructing the yield curve:. Step 2 – Find the appropriate maturity risk premium (MRP). example, the...

Slide Financial Management - Chapter 5

tailieu.vn

Risk and Rates of Return. Stand-alone risk. The rate of return on an investment can be calculated as follows:. For example, if $1,000 is invested and $1,100 is returned after one year, the rate of return for this investment is:. Expected Rate of Return. Rate of Return. Why is the T-bill return independent of the economy? Do T-bills promise a...

Slide Financial Management - Chapter 6

tailieu.vn

Tick marks occur at the end of periods, so Time 0 is today. Time 1 is the end of the first period (year, month, etc.) or the. beginning of the second period.. Solving for FV:. $100 (1.10). =$133.10. 133.10. Solving for PV:. Solving for N:. What is the difference between an. Ordinary Annuity. $100 payments occur at the end of...

Slide Financial Management - Chapter 7

tailieu.vn

What is a bond?. A long-term debt instrument in which a borrower agrees to make payments of principal and interest, on specific dates, to the holders of the bond.. bond division of the NYSE.. Par value – face amount of the bond, which is paid at maturity (assume $1,000).. Coupon interest rate – stated interest rate (generally fixed) paid by...

Slide Financial Management - Chapter 8

tailieu.vn

Features of common stock. Determining common stock values. Facts about common stock. Management’s goal: Maximize the stock price. Different approaches for valuing common stock. Value of a stock is the present value of the future dividends expected to be generated by the stock.. Constant growth stock. If k RF = 7%, k M = 12%, and β = 1.2, what...

Slide Financial Management - Chapter 9

tailieu.vn

The Cost of Capital. Sources of capital. Long-Term Debt Preferred Stock Preferred Stock Common Stock Common Stock Retained Earnings. Calculating the weighted average cost of capital. The w’s refer to the firm’s capital structure weights.. The k’s refer to the cost of each component.. use A-T costs of capital in WACC. The cost of capital is used primarily to make...

Slide Financial Management - Chapter 10

tailieu.vn

Independent projects – if the cash flows of one are unaffected by the acceptance of the other.. Mutually exclusive projects – if the cash. recover a project’s cost, or “How long does it take to get our money back?”. Calculated by adding project’s cash. Provides an indication of a project’s risk and liquidity.. PV of CF t . What is...

Slide Financial Management - Chapter 11

tailieu.vn

Relevant cash flows. Life of the project. Estimate relevant cash flows. Calculating annual operating cash flows.. Calculating terminal cash flows.. Annual operating cash flows. Terminal net cash flow. Should financing effects be included in cash flows?. Yes, by accepting the project, the firm foregoes a possible annual cash flow of. $25,000, which is an opportunity cost to be charged to...

Slide Financial Management - Chapter 12

tailieu.vn

project’s cash flows by taking different actions during the project’s life.. -$25,508, if CF’s are $23,500 per year, in which case the firm would not proceed with the project.. Delaying the project means that cash flows come later rather than sooner.. The project is. At a 10% discount rate, what is Project Y’s NPV?. Project Y’s A-T net cash flows...

Slide Financial Management - Chapter 13

tailieu.vn

Capital Structure and Leverage. financial risk. Optimal capital structure. Operating leverage. Capital structure theory. Note that business risk does not include financing effects.. What is business risk?. What determines business risk?. Operating leverage.. What is operating leverage, and how does it affect a firm’s business risk?. Operating leverage is the use of fixed costs rather than variable costs.. If most...

Slide Financial Management - Chapter 14

tailieu.vn

What is dividend policy?. Dividend policy includes. Three theories of dividend policy:. dividend policy:. Clientele effects impede changing dividend policy. Comments on Residual Dividend Policy. What’s a “dividend. Setting Dividend Policy

Slide Financial Management - Chapter 15

tailieu.vn

Alternative working capital policies. Working capital terminology. Gross working capital – total current assets.. Net working capital – current assets minus non-interest bearing current liabilities.. Working capital policy – deciding the level of each type of current asset to hold, and how to finance current assets.. Working capital management – controlling cash, inventories, and A/R, plus short-term liability management.. How...

Slide Financial Management - Chapter 16

tailieu.vn

Aggressive – Use short-term financing to finance permanent assets.. Short-term credit. Major sources of short-term credit. From the firm’s perspective, S-T credit is more risky than L-T debt.. Advantages and disadvantages of using short-term financing. Continually recurring short-term. What is trade credit?. Trade credit is credit furnished by a firm’s suppliers.. Trade credit is often the largest source of short-term...

Slide Financial Management - Chapter 17

tailieu.vn

turnover 8.33x 11.00x. turnover 4.00x 5.00x. turnover 2.00x 2.50x. Current ratio 2.50x 3.00x. turnover 8.33x 8.33x 11.00x ” F. turnover 4.00x 4.00x 5.00x ” T. turnover 2.00x 2.00x 2.50x ” D/A ratio . Current ratio 2.50x 1.99x 3.00x ” Payout ratio O. FCF = NOPAT – Net inv. turnover 8.33x 8.33x 11.00x F. turnover 4.00x 5.00x 5.00x T. turnover 2.00x...

Slide Financial Management - Chapter 18

tailieu.vn

What is an option?. Call option – an option to buy a specified number of shares of a security within some future period.. Put option – an option to sell a specified number of shares of a security within some future. Exercise (or strike) price – the price stated in the option contract at which the security can be bought...

Slide Financial Management - Chapter 19

tailieu.vn

What is a multinational corporation?. Decision making within the corporation may be centralized in the home country, or may be. US $ to buy 1 unit Japanese yen 0.009. Australian dollar 0.650. What is an indirect quotation?. Australian dollar 1.5385. Simply find the inverse of the direct quotations.. What is a cross rate?. What is the U.S. dollars = 250...