第五篇 營運資金篇
DESCRIPTION
第五篇 營運資金篇. 第十三章 現金、授信政策、及存貨管理. 第十三章 現金、授信政策、及存貨管理. 大綱 前言 持有現金的動機 現金預算 浮流量管理 (Float Management) 短期有價證券投資 公司目標現金餘額之制定 授信政策管理 存貨管理 總結. 13.1 前言. 營運資金管理包括現金管理、授信、應收帳款管理與存貨管理 營運資金管理的重要性：涉及公司資金流動性的管理，對公司短期的運作影響至鉅. 13.2 持有現金的動機. 持有現金的動機： 交易性動機 - PowerPoint PPT PresentationTRANSCRIPT
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*
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* (Float Management)
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*13.1
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*13.2
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*13.3
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* ()
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*ABCABC2007
8006001,0001,200
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* ()ABCABC20068001,00013.1 ABC
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* ()
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* ()ABC
20077348331,033
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* () = + - = 633 + 800 - 866 = 567ABC2007433600767
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*
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* ()ABC()75%ABC30ABC10%20072005020013.2 ABC
7307601,1001,070
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* ()ABC13.3 ABC
ABCABC2006805013.4 ABC
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*13.4 ABC
13.4 ABCABC200ABC200400ABC166-31448040080
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*13.4 (Float Management)(Disbursement Float)(Collection Float)
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* (Net Float) () () =
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*
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*13.1
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* ()ABCABCABC
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*
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*
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*13.5
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*90270
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*13.6 () (Baumol-Allais-Tobin, BAT)
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*BAT 13.2 BAT
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*BAT ()()()BAT13.3 BAT
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*BAT ()
FCNCO (Net Cash Outflows)()R
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* NCO/C: FC: C: NCO:
C
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*(C*)
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*13.1 ABC6001,0002%ABC??
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*13.1 (1) ABCCNO600FC1,000R2%ABC
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*13.1 ()(2) 774,597
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*13.7 (Cash on Delivery, COD)
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*13.4
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*
21030
30102%
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*200,000102%196,000(200,000 x 0.98)20200,000204,000196,000 4000 196,000 = 2.04%37.23%
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*13.2 41050?
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*13.4
4%5010 41050
4038.02%
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*:(Open Account)(Commercial Draft)(Trade Acceptance) (Time Draft) (Bankers Acceptance) (Sight Draft)(Conditional Sales Contract)
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*()
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*5C(Character)(Capacity)(Capital)()(Collateral)(Conditions)1515
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* (Collection Policy)
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*
0-3030-6060-90901001$100,000$50,00000$150,000100220,00000020,000100310,00010,00010,000030,000...600170,00030,00010,00010,000120,000600210,00020,0000030,000600320,00010,00010,000040,000$1000,000$360,00080,000$30,000$1,470,000
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*60$110,000(80,000+30,000)7.48%
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*13.8 (1) (2) (3)
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* ()(Shortage)(Carrying Costs)
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*(Economic Order Quantity Model, EOQ)(Just-in-Time, JIT, Inventory)
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* (Economic Order Quantity Model, EOQ)BATEOQ13.5 EOQ
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* ()EOQ(Q*) CCPU (Carrying Cost Per Unit)()
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* ()EOQ()13.6 EOQ
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*
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*13.3 EOQABC1,000ABC100600EOQ? ?
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*13.3 ABC(T)1,000(CCPU)100(FC)600ABC
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*13.3 ()ABC
ABC
ABC
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* (Just-in-Time, JIT, Inventory)JIT
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*5C()EOQJIT
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