Fundamentals of Corporate Finance Phần 1 potx

... Questions 15 9 Minicase 16 0 IV CONTENTS Accounting and Finance 11 1 The Balance Sheet 11 2 Book Values and Market Values 11 5 The Income Statement 11 7 Profits versus Cash Flow 11 8 The Statement of Cash ... Flows 11 9 Accounting for Differences 12 1 Taxes 12 3 Corporate Tax 12 3 Personal Tax 12 5 Summary 12 6 Related Web Links 12 7 Key Terms 12 7 Quiz 12 7 Practice Pro...

Ngày tải lên: 05/08/2014, 13:20

... 9.930 10 .18 3 10 .442 10 .708 10 .980 11 .259 11 .544 11 .837 12 .13 6 12 .442 12 .756 7 11 . 414 11 .772 12 .14 2 12 .523 12 . 916 13 .3 21 13.740 14 .17 1 14 . 615 15 .073 15 .546 16 .032 16 .534 17 .0 51 17.583 8 14 .240 14 .773 ... 1. 240 1. 250 1. 260 1. 270 1. 280 1. 290 1. 300 2 1. 346 1. 369 1. 392 1. 416 1. 440 1. 464 1. 488 1. 513 1. 538...

Ngày tải lên: 05/08/2014, 13:20

... Rate 1 year 1 6% 1. 06 6.0000% Semiannually 2 3 1. 03 2 = 1. 0609 6.0900 Quarterly 4 1. 5 1. 015 4 = 1. 0 613 64 6 .13 64 Monthly 12 .5 1. 005 12 = 1. 0 616 78 6 .16 78 Weekly 52 .11 538 1. 0 011 538 52 = 1. 0 618 00 ... cost of an international phone call declined from $30.20 to $3, a fall of over 90 percent. Year Consumer Price Index (19 47 ؍ 10 0) 19 47 19 51 1955...

Ngày tải lên: 05/08/2014, 13:20

... 610 536 Total assets 1, 573 1, 249 1, 244 1, 115 1, 002 959 Current liabilities 680 365 348 302 276 320 Long-term debt 217 15 9 15 9 311 319 315 Stockholders’ equity 676 725 599 502 407 324 Number of ... Analysis 16 1 TABLE A .18 Financial highlights for The Hobby Horse Company, Inc., year ending March 31 2000 19 99 19 98 19 97 19 96 19 95 Net sales 3,3 51 3, 314 2,845 2,79...

Ngày tải lên: 05/08/2014, 13:20

... + .08 ) 2 – 1 = 1. 04 2 – 1 = .0 816 , or 8 .16 % 2 Bank C: The compound annual interest rate is Effective annual rate = ͩ 1 ͪ m – 1 on a discount loan 1 annual interest rate m = ͩ 1 ͪ 2 – 1 = ( 1 ) 2 – 1 ... raised 45 15 .8 0 0 Repayments 9. Of stretched payables 0 0 10 .8 0 10 . Of bank loan 0 0 13 .8 31. 2 Increase in cash balances 11 . Addition to cash balance...

Ngày tải lên: 05/08/2014, 13:20

... Close Vol 10 0s Net Chg 12 1 /2 34 5 /8 26 9 /16 28 3 /8 5 7 /8 17 1 /8 4 15 /16 3 1 /2 34 65 3 /16 4 1 /2 26 1 /4 7 14 1 /16 31 3 /4 16 9 /16 11 /16 47 33 1 /16 4 1 /4 48 1 /2 48 13 /16 20 1 /8 1 /16 2 1 /8 1 /16 5 /8 1 /4 1 7 /16 1 /8 1 /8 3 /16 3 1 /2 7 /8 1 /8 1 /16 1 /4 11 /16 1 3 /8 1 /16 1 /8 7 /16...

Ngày tải lên: 05/08/2014, 13:20

... –8 13 16 9 +20 +19 3 61 Normal +5 0 0 +3 +2 4 Boom +18 +13 16 9 –20 – 21 4 41 Expected return 1 (–8 + 5 + 18 ) = 5% 1 (+20 + 3 – 20) = 1% 33 Variance a 1 (16 9 + 0 + 16 9) = 11 2.7 1 (3 61 + 4 + 4 41) = ... percent Ϫ25 Ϫ30 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 Ϫ20 15 10 Ϫ5 0 5 10 15 20 25 30 Ϫ25 Ϫ30 1 4 7 10 13 16 19 22 25 28 31 34 37...

Ngày tải lên: 05/08/2014, 13:20

... Depreciation Tax Shield at 12 % 1 3,333 1, 167 1, 042 2 4,445 1, 556 1, 240 3 1, 4 81 518 369 4 7 41 259 16 5 Totals 10 ,000 3,500 2, 816 The present value increases to 2, 816 , or $2, 816 ,000. arlier we began ... percent Ϫ26240 810 Ϫ6Ϫ8 10 Ϫ4 Ϫ25 Ϫ20 15 10 Ϫ5 0 5 10 15 20 Beta ؍ . 61 Standard deviation ؍ 16 % 25 (a) Market return, percent Polaroid return, percent ؊2624...

Ngày tải lên: 05/08/2014, 13:20

... change in profits = change in profits/level of profits percentage change in sales . 01 = 10 0 × change in profits = 10 0 × . 01 × (profits + fixed costs) level of profits level of profits =1 + fixed ... analysis, NPV of Finefodder’s Gravenstein superstore with scenario of new competing store in nearby Salome Cash Flows Years 1 12 Base Case Competing Store Scenario a 1. Sal...

Ngày tải lên: 05/08/2014, 13:20

... Equity Offerings: An Empirical Investigation,” Journal of Financial Economics 15 (January–February 19 86), pp. 91 11 8; W. H. Mikkelson and M. M. Partch, “Valuation Effects of Security Offerings ... overpriced the stock. 11 10 See, for example, P. Asquith and D. W. Mullins, “Equity Issues and Offering Dilution,” Journal of Finan- cial Economics 15 (January–February 19 86), pp. 6...

Ngày tải lên: 05/08/2014, 13:20