TRNG I HC DUY TN---------------------------------------

BI TPQUN TR TI CHNH 1

Ging vin: TS L C TON

Gii bi tp

Bi tp 1:NG = 528 + 7 + 5 = 540tr1) Mc khu hao hng nm:

a/ Theo phng php khu hao ng thng: MK = = 67,5tr/nmb/ Theo phng php khu hao theo s d gim dn:

- T l khu hao c nh: TKc = = 31,25%- Lp bng khu hao:NG: 540trNm SDTKcMc khu hao hng nmMK = TKc x GcS khu hao lu k (KH)Gi tr cn li(Gc = NG - KH)

1234567831,25%31,25%31,25%31,25%31,25%27,65%27,65%27,65%MK1 = 31,25% x 540 = 168,7531,25% x 371,25 = 11631,25% x 255,25 = 79,7631,25% x 175,49 = 54,8431,25% x 120,65 = 37,782,95 : 3 = 27,6582,95 : 3 = 27,6582,95 : 3 = 27,65168,75284,75364,51419,35457,05484,70512,35540371,25255,25175,49120,6582,9555,327,650

CngX540XX

c/ Theo phng php tng s tng t nm s dng: Lp bng KH:

Nm SDS nm cn SDTKMK = TK x NG

1234567831,25%31,25%31,25%31,25%31,25%27,65%27,65%27,65%8 : 36 = 22,2%7 : 36 = 19,4% 6 : 36 = 22,2%5 : 36 = 13,9%4 : 36 = 11,1%3 : 36 = 8,3%2 : 36 = 5,6%1 : 36 = 2,8%22,2% x 540 = 120,84284,75364,51419,35457,05484,70512,35540

36X100%

2) So snh nhn xt: - ng thng - Khu hao nhanh: + Thu hi vn nhanh + Cc nm sau th s KH gim dn

Bi tp 2: 1) Xc nh nguyn gi TSC- Gi mua: 150.000USD x 15.000= 2.250.000.000- CP vn chuyn: 62tn x 10 x 15.000= 9.300.000- Bo him: 2.250.000.000 x 0,1%= 2.250.000- CPV/chuyn bc d: = 25.000.000- CP Lp t chy th: = 21.000.000

- Li vay trong qu trnh u t: 2.250tr x x 6= 56.250.000- Thu nhp khu: 2.250tr x 20%= 450.000.000CngNG = 2.813.800.0002) Mc khu hao hng nm:

TKc = x 100% x 2 = 40%LP BNG KHU HAONG: 2813,8trNm SDTKcMK = TKc x NGMKGC

1234540%40%40%--40% x 2813,8tr = 1125,2540% x 1688,55 = 675,4240% x 1013,13 = 405,25607,88: 2 = 303,94607,88 : 2 = 303,94 1125,251800,672205,922509,862813,81688,551013,13607,88303,94-

CngX2813,8trXX

Bi tp 3:1) Xc nh s tin khu hao T10, T11, T12 nm bo co:

MK T10 = 79,9 = = 83,725tr

MK T11 = 83,725 - = 80,025trMK T12 = 80,025tr

2) S tin khu hao nm k hoch:- NG TSC phi tnh khu hao u nm:NG = (10.500 - 800) + 247,5 + (280 + 10) - 370 = 9867,5tr

-

-

- - MK= 11,5% x 10617,5 = 1221,0125tr

3) Gi tr cn li ca TSC cui nm KH:- NGc = (9867,5 + 800) + 750 + 525 - 285 = 11657,5tr- KH = 2545,1 + (79,9 + 83,725 + 80,025 + 80,025) - 63 = 2785,775- KHc = 2785,775 + 1221,0125 = 4.006,8 tr- Gc = 11657,5 - 4006,8 = 7650,7tr

Bi tp 4:1.a) Xc nh mc khu hao TSC nm ke hoch........

-

-

- =70

- - MK = 10% x 14.980 = 1.498trb) D kin phn phi ca khu hao:- Tr vay mua hng:

- Ti u t: 1.498 - 648 = 850tr2/ nh gi mc i mi thng qua h s hao mn:a) H s hao mn u nm:- NG = 14.900 + 480 = 15.380tr

- KH = 7.200 + 280 + = 7.500tr

- Hhm = b) H s hao mn cui nm:- NGc = 15.380 + (744 + 1.000 + 1.200) - (120 + 120 + 30 + 60) = 17.994tr

- KHc = 7.500 + 1.498 - (120 + ) = 8.740

- Hhm = c) So snh h s hao mn cui nm vi u nm:0,486 - 0,488 = - 0,002 Doanh nghip c i mi TSC nhng cha ng k.* Ch : TSC s dng ht khu hao nm bo co th khi tnh KHc chng ta phi tr ra:211214TK L/q

Bi tp 5: a) Xc nh s tin khu hao nm k hoch:- NG = 10.500tr

-

-

- 10.500 + 1.450 - 105 = 11.845tr- MK = 10% x 11.845 = 1.184,5trb) D kin phn phi qu khu hao:- Tr vay NH:

tr- Ti u t: 1184,5 - 625 = 559,5tr* Ch : - Nghip v 4 (thng 8): TSC d tnh sa cha ln c gia tri trong NG = 10.500 Nghip v (thng 11): TSC d kin thanh l ..........................

Bi tp 6:1/ Mc khu hao phi trch nm N:- NG = 10.500 - 500 = 10.000tr

- tr

- tr

- tr- MK = 10% x 10.397,5 = 1.039,75tr2/ Hiu sut s dng TSC:- Tnh VCbq:+ NG = 10.500V = 8.350

+ KH = 2.150+ NGc = 10.500 + (210 + 120 + 1.200) - (180 - 300 - 400) = 11.150+ KHc = 2.150 + 1.039,75 - 90 - 100 - 400 - = 2.599,75 Vc = 11.150 - 2599,75 = 8550,25

VCbq = - Hiu sut s dng VC:

Hsv = Ch tiu ny phn nh c 1 ng VC c s dng bnh qun trong k, em li 4,67 ng Doanh thu thun.3/ H s hao mn ti thi im 31/12 ca TSC ton DN.

Hhm =

Bi tp 7:1/ a) Mc trch khu hao TSC:NG = 15.200 + 300 - 500 = 15.000tr

tr

MK = 11,96% x 15.062 = 1.801,5trb) Phn phi s dng qu khu hao:- Tr vay NH: 20% x 1.801,5 = 360,3tr- Ti u t: 1801,5 - 360,3 = 1441,2tr2/ Cc ch tiu hiu qu s dng VC:- VCbq:+ V = 15.000 - 3.000 = 12.000tr+ NGc = 15.000 + (120 + 240) - (180 + 156) = 15.024tr+ KHc = 3.000 + 1.441,2 - (180 + 56) = 4.205,2 Vc = 15.024 - 4.205,2 = 10.818,8tr

+ VCbq= tr- Cc ch tiu hiu qu:

+ Hsv =

+ Hv = = 0,205

+ TVC =

Bi tp 8:1/ Xc nh s tin khu hao TSC nm KH:- NG = 2.020 + (230 + 7 + 3) - 3 x 100 = 1.960tr

-

- tr

- tr- MK = 10% x 2.500 = 250tr2/ Hiu sut s dng VC:- Tnh VCbq:+ NG = 2.020 + 240 = 2.260tr

+ KH = 1.284 + 200 + tr V = 2.260 - 1.492 = 768tr- NGc = 2.260 + 360 + 600 - 100 - 480 = 2.640tr- KHc = 1.492 + 250 - (100 + 80% x 480) = 1.358tr Vc = 2.640 - 1.358 = 1.282tr

VCbq = tr- Hiu sut s dng VC.

Hsv = C 1 ng VC c s dng trong k to ra 10,1 ng doanh thu thun.

Bi tp 9:1/ Xc nh nhu cu VL

- VLbqbc = tr- Tng mc lun chuyn nm bo co: Mo = DTT = 3.200tr- Tng mc lun chuyn nm KH: M1 = 3.200 x 150% = 4.800tr Nhu cu VL nm KHS ngy lun chuyn nm bo co (360 x 800)/3200 = 90 ngyS ngy lun chuyn nm k hoch: 90 ngy 18 ngy = 72 ngy

Cch 1: T l tng tc lun chuyn VL nm KH vi nm BC:t% = (90 - 72)/90 = 20%

VncKH = 800 xtr

Cch 2: + S ln lun chuyn VL nm KH: L1= ln

+ VncKH = tr- Nhu cu vn lu ng cho cc khu:+ Khu d tr: 960tr x 40% = 384tr+ Khu sn xut: 960trx 35% = 336tr+ Khu LT: 960tr x 25% = 240tr2/ S VL tit kim do tng tc lun chuyn vn:

Cch 1: VTK = tr

Cch 2: VTK = 3/ So snh:- Tc lun chuyn V: L1 - L0 = 5 - 4 = +1 (tng 1 ln)K1 - K0 = 72 -90 = -18ngy (gim 18 ngy)- Hm lng VL:

HVo = HVo - HV1 = 0,2 - 0,25 = -0,05 (gim 0,05)

HV1 = 0,2- T sut LN:

T0 =

T1 =

Bi tp 11:1/ Xc nh nhu cu VC thng xuyn cn thit nm KH:

+ VCnghin cu = - M1 = M0 x 130% = (9.600 + 4.188) x 130% = 17.924,4tr

- L1 = K1 = K0 - L0 K0 = L0 =

L0 = K0 = K1 = 90

L1 = Vn/c = tr+ Nhu cu vn cho cc khu:- Khu d tr: 40% x 4481,1= 1792,44tr- Khu sn xut: 35% x 4481,1= 1568,38tr- Khu lu tr: 25% x 4481,1 = 1120,28tr2/ T sut li nhun VC nm KH:

+

- : V = 8.600 - 1.300= 7.300trNGc = 8.600 + 1.290 - 780= 9.110trKHc = 1.300 + 350 - (70% x 780) = 1.104tr Vc = 9.110 - 1.104 = 8.006

= tr

Vy: = 7.653 + 4.481,1 = 12.134,1trLN sau thu

+ T sut LN VKD = = hay 9,8%

Bi tp 12:1/ Xc nh s lng ti u mi ln t mua, thi gian gia 2 ln nhp NLC v tng chi d tr tn kho.- S lng ti u mi ln t mua:

tnTrong : Qn: Nhu cu NLC c nmC1: Chi ph lu kho cho 1 tn NlC2: Chi ph chuyn 1 ln t mua NL.

- S ln t mua: n = ln

- Thi gian gia 2 ln nhp kho: ngy- Tng CP d tr tn kho: F = F1 + F2

+ F1: Tng CP lu kho: F1 = C1 x tr

+ F2: Chi ph t mua: F2 = C2 x tr2/ Nu DN mua thnh 2 ln:

- F1 = 6x trF = 120 + 20 = 140tr

F2 = 10 x 2 = 20trKhi : Chi ph d tr tn kho tng 40tr so vi phng n ti u.- S tin tit kim do gim gi: 0,4tr/tn x 80tn = 32tr DN khng nn chp nhn phng n ny v s tin gim gi khng b p c s tin chi ph d tr tn kho tng thm.- Mc gim gi ti thiu c th chp nhn khi s tin tit kim do gim gi bng s tin tng thm trong d tr tn kho (40tr)

l: tr

Bi tp 13:1/ Xc nh nhu cu VL nm KH:

Vn/c = t% =

- tr- M0 = 50.000sp x 24.000/sp = 1.200.000.000 = 1.200tr- M1 = 50.000 x 1,2 x 24.000 = 1.440.000.000 = 1.440tr

- K0 = - K1 = 144 - 54 = 90

t% =

Vn/c = 480 x tr2/ Xc nh k thu tin bnh qun v n phi thu bnh qun nm KH.+ N phi thu bnh qun nm bo co:

Nbq = tr+ S vng quay n phi thu nm bo co:- Doanh thu c thu: 50.000 x 24.000 x 105% = 1.200tr x 105 = 1.260tr

- S vng quay n phi thu:

+ K thu tin bnh qun nm bo co: ngy+ K thu tin bnh qun nm k hoch: 60 - 5 = 55 ngy+ N phi thu bnh qun nm K hoch:Cch1:

- S vng quay n phi thu nm k hoch: DT c thuS vng quay NPT1.440 x 1,056,545

- N phi thu bnh qun = = = 231tr

Cch 2: K thu tin bnh qunDT c thu bnh qun 1 ngy

N phi thu bnh qun = x

= 55 x trBi tp 14:1. Xc nh tng chi ph d tr tn kho trong nm:a/ Nu mi ln t mua l: 400 tm thpTa c: CP tn kho d tr = F1 + F2 F1 : CP lu khoF2 : CP thc hin hp ng

- F1 = C1 x C1 = 600.000 x 20% = 120.000 / tm

F1 = 120.000 x = 24.000.000

- F2 = C2 x = 1.500.000 x = 37.500.000

F = F1 + F2 = 24.000.000 + 37.500.000 = 61.500.000b/ Nu mi ln t mua 1.000 tm thp:

- F1 = 120.000 x = 60.000.000

- F2 = 1.500.000 x = 15.000.000

F = F1 + F2 = 75.000.0002. Xc nh s lng thp ti u mi ln t mua:

+ Q* = = = = 500 tm+ So snh tng chi ph d tr tn kho:Vi Q* = 500 tm, ta c: Fmin = F1 + F2

F1 = 120.000 x = 30.000.000

F2 = 1.500.000 x = 30.000.000

Fmin = 30t + 30t = 60tSo snh vi 2 phng n trn th phng n Q = 500 tm cho mi ln t hng cho ta CP d tr tn kho l ti thiu. Vi mc tiu CP d tr tn kho thp nht th phng n Q* = 500 tm l chp nhn c.3. Vi li cho bn: 595.000/tm nu mi ln mua t nht 2.500 tm Ta c: - CP mua hng: 10.000 x 595.000 = 5.950t

- CP d tr tn kho: F1 = 595.000 x 20% x = 148.750.000

F2 = 1.500.000 x = 6.000.000

F = 148,75t + 6t = 154,75t- S tin CP tng thm F - Fmin = 154,75trr - 60t = 94,75t- S tin tit kim do gim gi: 5.950 - 6.000 = -50t

So snh v kt lun khng nn chp nhn

Bi tp 151 Xc nh nhu cu VC nm KH :

Vnc = L = 5 ln DTT = ?- S lng sn phm tiu th = 1.000 + 30.000 - 10% x 30.000 = 28.000 SP- DTA = 28.000sp x 800.000 = 22.400t- DTT = 22.400 + 2.600 = 25.000t

Vnc = = 5.000t+ S VL tit kim do tng tc lun chuyn VL:

Vtk = - = - = -1.250t2. Hiu qu s dng VC nm KH:- DTT = 25.000t

- Gi vn hng bn : Zsx = 1.000sp x + (28.000sp - 1.000sp) x 570.000 = 15.990t- Z ton b sn phm tiu th: 15.900 + 10% x 15.990 = 17.589t- LN = ( 25.000 - 17.580 ) + 169 = 7.580t- LN sau thu = 7.580 x ( 1 - 28% ) = 5.457,6t- VC :+ V = NG - KH = 13.800 - 2.050 = 11.750t+ NGc = 13.800 + 480 + 720 - 180 = 14.820t+ Mk NG = 13.800 - 1.150 = 12.650

NG = + = 880t

NG = = 30tNG = 12.650 + 880 - 30 = 13.500tMk = 10% x 13.500 = 1.350+ KHc = 2.050 + 1.350 - 180 = 3.220+ Vc = 14.820 - 3.220 = 11.600

+ VC = = 11.675t- Cc ch tiu hiu qu VC :

- Hsv = = 2,14

- Hv = = 0,467

- Tvc = x 100% = 46,7%3. T sut li nhun sau thu VK

TVK = = x 100% = 32,73%

Bi tp 161. Hiu qa s dng VL qua cc nm:a, Nm bo co:

- VL0 = = 7.000t

- S ln lun chuyn : L0 = = 5 ln

- K chu chuyn: K0 = = 72 ngyb, Nn KH- DT = ( 300 + 1.200 - 500) x 30.000/Sp = 30.000.000- Gi vn hng bn : 300 x 25.000 + ( 1.200 - 500 ) x 24.000 = 24.300.000- LN = 30.000.000 - 24.300.000 - 2% x 24.300.000 = 5.214.000- K lun chuyn BG 72 - 12 = 60 ngy

- S ln lun chuyn L = = 6 ln VLbg = = 5.000.000- Vn L tit kim:

VTK = - = -1.000.000c, T sut LN sau thu trn vn KD:- LN sau thu = 5.214.000 - 28% x 5.214.000 = 3.754.080- VC + V = 45t - 15 t = 30 t+ NGc = 45t + 40t - 10t = 75 t+ Mk = NG = 45

NGt = = 10t

NGg = = 5tNG - 45 + 10 - 5 = 50tMk = 10% x 50 = 5t+ KHc = 15 + 5 - 10 = 10t+ Vc = 75 - 10 = 65t

+ VC = = 47,5t- VKD = 47,5 + 5 = 52,5 t

- T sut LN x 100% = 7,15%

Bi tp 171. Mun bit nm , Doanh nghip c ho vn c hay khng, ta tnh CP v DT- CP = 1.000t + ( 20 x 7,5 + 15 x 90 + 30 x 80 ) = 4.900t- DT = 20 x 20 + 15 x 120 + 30 x 100 = 5.200t

Nh vy Nm N, DN t ho vn v c li ( DT > CP)2. Thi gian cn thit ho vn l:

= 340 ngy3. t c mc ho vn, nng lc sn xut m DN cn huy ng l:

x 1000% = 94,23%4. Nu mt hng B, bn vi gi 100.000/sp, ta c tng DT l:20 x 20 + 15 x 100 + 30 x 100 = 4.900tKhi , DT = CP. DN t c ho vn v khng c li.

Bi tp 181. X nhu cu VN thng xuyn cho tng khu SXKD nm KH ca DN :

- VLbc = = 3.830t- DTTbc = 9.600 + 4.188 = 13.788t

- Lbc = = 3,6 ln LKH = = 100 ngy

- KKH = 100 - 10 = 90 LKH = = 4 ln- DTTKH = 13.788 x 130% = 17.924,4t

- VLKH = = 4.481,1- HC VL cho cc khu :+ Dtr: 4.481,1 x 40% = 17.924,4t+ SX : 4.481,1 X 35% = 1.561,385t+ LT : 4.481,1 x 25% = 1.120,275 t

2. X t xut LN sau thu- VC nm = 8.600 - 1.300 = 7.300t- NGc = 8.600 + 1.290 - 780 = 9.110t- KHc = 1.300 + 350 - ( 780 x 70% ) = 1.104t- VCc = 9.110 - 1.104 = 8.006

- VC = = 7.653t- VSX = 7653 + 4481,1 =12134,1

- Tvsx = x 100% = 9,8%

Bi tp 191. Xc nh im ho vn- CPc = 240 + 170 + 90 = 500t- Mc chi ph bin i cho mt sn phm:0,6 + 0,15 + 0,05 = 0,8t/SP- im ho vn:

+ Sn lng ho vn: S0 = = 2.500sp

+ Doanh thu ho vn: D0 = = 2.500t

+ Cng sut ho vn : h% = = 83,3%

+ Thi gian ho vn: = 10 thng 2. X gi thnh ton b sn phm hng ho sn xut v tiu th ti cc mc sn lng:+ 2.000 SPZTB = 500 + 2.000 x 0,8 = 2100t+ 2.500SPZTB = 500 + 2.500 x 0,8 = 2500t.+ 3.000SPZTB = 500 + 3.000 x 0,8 = 2900t3. Nu li nhun sau thu l 34t th li nhun trc thu l:

x 100% = 47,22tKhi , Sn lng tiu th phi t c l:

= 2.766 SP

4. Khi bt u SX c li nu gi bn l 0,9 th s d m ph l: 1,0 - 0,9 = 0,1 DN tip tc sn xut

5. Nu c 1 n v thu c s vi 320t/nm c nn cho thu khng?- Nu H ht cng sut : LN = (3.000 - 2.500) x 0,2 = 100t

- Nu cho thu TN rng ca DN : 320t - 240 = 80 t

khng cho thu

Bi 201. Vi mc sn xut v tiu th 5.000 sn phm ta c:- DT = 5.000 x 150.000 = 750.000.000- CP = 270.000.000 + 5.000 + 60.000 = 570.000.000 DN c li ti mc sn lng ny2. Cng ty nn nhn thm n t hng ny, v DT tng thm l:

1.500SP x 130.000 = 195t trong khi bin ph tng thm 1.500 x 60.000 = 90 t v cng sut thit b cha khai thc ht DN s c thm LN t l hng nhn thm l: 195 - 90 = 105t3. Nu CP qung co l 20t th:- CP tng thm : 20t + 1.000 SP x 60.000 = 80t+- DT tng thm : 1.000SP x 150.000 = 150t Nn TH qung co v DT tng > CP tng4. Nu gim gi bn :- DT = 7.000 x 130.000 = 910t- CP = 270t + 7.000SP x 60.000 = 690t LN = 910t - 690t = 220t LNst = ( 220 - 45 ) x ( 100% - 28% ) = 126t

Bi tp s 221. Sn lng ho vn:

- Nm BC: S0 = = 40.000 linh kin

- Nm KH S0 = = 39.167 linh kin Sn lng ho vn gim 833 linh kin so vi nm bo co2. LN trc li vat v thu:- Nm bc: LN = 50t

+ DT = 50 x 120 = 6.000t+ CP = 200 + 50 x 115 = 5.950t - Nm KH :LN = 125t

+ DT = 60 x 120 = 7.200t+ CP = 235 + 60 x 114 = 7.075 LN tng 72t so vi nm BC3. Nu gim gi bn s tng sn lng . khi :+ DT = 70 x 119 = 8.330t+ CP = 235 + 70 x 114 = 8.215 LN = 115 tr Khng nn thc hin v li nhun gim ( 125 - 115 = 10t

Bi tp s 231. X sn lng ho vn:a. Nm bo co:

- Trc li vay: S0 = = 120.000SP

- Sau li vay: S0 = = 126.750Spb. Nm KH: - Trc li vay:

S0 = = 125.000SP

- Sau li vay: S0 = = 133.750SP2. a. T sut LN sau thu vn kD nn bo co:+ DT = 4.800 + 270 + 143,225 x 60 = 13.675,5+ CP = 143,425 x 100= 14.342,5t Ln dau li vay v thu: ( 14.342,5 - 13.675,5 ) x ( 100% - 28% ) = 480,24t

TLN = = 8%b. t TSLN nhe nm bo co, DN cn t c sn lng sn phm v tiu th l:LN sau thu = 8% x 7.500 = 600t

LN trc thu = x 100% = 833,3tLN trc li vay: 833,3 + 350 = 1.183,3t

Sn lng cn t c : = 154.583sn phm

Bi tp 241. Sn lng ho vn:a, Nm Bo co:- CPC = 80 + 140 = 220t

- S0 = = 22.000SPb. Nm KH:- CPKH: NGt = 1.400

NGt = = 600t CPC = 80 + 200 = 280t

- S0 = = 33.333 SP Sn lng ho vn nm Kh tng 1.333 SP so vi nm bo co2. LN trc li vay v thu LN = DT - CP- Nm bo co : ( 50 x 150 ) - ( 220 + 50 x 140 ) = 7.500 - 7.200 = 280 t- Nm KH : ( 60 x 150 ) - ( 280 + 60 c 138 ) = 440 t

VSX = 1.030 + 500 = 1.530t TVSX = x 100% = 18,3%- Nm KH:+ VC = 960t+ VCc = ( 1.500 + 600 - ( 540 + 600 x 10% + 140 ) = 1.360

VC = = 1.1160t

- S ln chuyn VC bo co = = 15 LKH = 15 + 1 = 16

VC KH = = 562,5t VSX = 1.160 + 562,5 = 172,25 t

TVSX = x 100% = 25,54 % Tng 7,24% so vi nm bo co

Bi tp 25Tng chi ph DN phi chi ra i vi mi khch hng:- Khch hng1: CP = 150 + 10 = 160t

- Khch hng 2: CP = 170 - x 9% = 162,35t- Khch hng 3: CP = 160 + 15 - ( 160 x 30%) 9% - 160 x 50% x 9% x 2 = 156,28t DN nn chp nhn li cho ca khch hng 3

Bi tp 26S tin phi tr hng nm:

- u nm th I: 200 x 10% = 20t ( cn li = 36t/nm)- Cui nm th I: 36 + 180 x 6% = 46,8t ( N gc cn li: Cn 144td)- Cui nm th II: 36t + 144 x 6 = 44,64t ( cn 108t)- Cui nm th III: 36t + 108 x 6 = 42,48t ( cn 72t)- Cui nm th IV: 36t + 72 x 6% = 40,32t ( cn 36t)- Cui nm th V: 36t + 36 x 6% = 38,16tCch 1: ( tnh li hng nm theo tng s n gc cn li phi tr)Cch 2: Tnh li hng nm theo s n gc tr tng ln:- u nm I: 200 x 10% = 20t- Cui nm I: 36 x ( 1,06)1 = 38,16t- Cui nm II: 36 x ( 0,16)2 = 40,4496t- Cui nm III: 36 x ( 1,06 )3 = 42,876576t- Cui nm IV: 36 x ( 1,06 )4 = 45, 449t- Cui nm V: 36 x ( 1,06 )5 = 48,1751t

Bi tp 27Ngi ch c th mua chic xe ti vi gi ti a khi NPV = 0. Hay PV thu v d kin bng vi PV ca vn u t:

PVthu v = + + =549tVy, ngi ch c th mua chic xe vi gi ti a l 549t khng b l khi u t:

Bi tp 28- Nu DN khng mua ngi nh mi th gi tr hin ti chi ph b ra thu nh trong 5 nm l:

PV = 15 ( + + + + = 65t

+ Gi tr hin ti cc khon chi ph b raPV= 20 +25+ (52,5/1,05) + (66,15/1,05) + (81,03/1,05)= 225 tr+ Gi tr hin ti cc khon thu v:

PV= 20 ( + + + + ) + (100/1,05) = 165 tr NPV = 165 - 225 = -60tGi tr hin ti rng l - 60t CP hin ti 60tVy DN nn thu ngi nh v chi ph hin ti thp hn so vi thu vn phng v thun li hn cho vic kinh doanh.

P N

1. Q = sn phm.2. T sut li nhun rng vn ch s hu ti doanh thu 5.000 triu l:

= x 0,12% x 68% x = 0,068 = 68%.Nhn t tc ng:- Trong 1 ng vn kinh doanh c 0,7 ng i vay.- S dng 1 ng vn ch to ra 2,5 ng doanh thu.- Trong 1 ng doanh thu ch c 0,12 x 0,38 ng = 0,0816 ng li nhun sau thu.3. ln n by tng hp ti doanh thu = 5.000 triu. Vy Q = 2.500 sn phm.

DTL = = 2,784. Vy khi Q tng 1% th t sut li nhun rng vn ch s hu tng.

0,68 + 0,68 x

P N Bi 39a, Nu i vay vi li sut 8% /nm th sau mt nm phi thanh ton (gc + li) l:T1 = 1.000 (1 + 8%) = 1.080 triu.Do i vay tr ngay c li hn mua tr chm (1.090 > 1.080).b. Nu thanh ton theo phng thc ny th tng gi tr hin ti ca s tin phi tr l:

T = 1.000 x 40% + 350 x Kt lun : Cng ty chn phng thc thanh ton 1 ln (1.000 triu < 1.024,15 triu ) l ng.c. Cho thanhh ton chm trong vng 3 nm mi nm 390 triu. Vy gi tr hin ti ca cc khon tin phi tr l:

T = 390 triu x triu.Kt lun : ng thanh ton chm l sai v khi s tin phait tr l 1.005,069 triu > 1.000 triu.d. Nu 1.000 triu gi i ngn hng th sau 4 nm c thu nhp:1.000 (1+8%) 4 = 1.360,489 triuTrong khi s tin phi tr l : 1.362 triu.Kt lun : Khng ng vi phng thc thanh ton ny l ng.e. Cho thnah ton chm, cui nm tr 301,92 triu trong vng 4 nm. Vy gi tr hin ti ca s tin phi tr l:

301,92 triu x triu.Kt lun : Thanh ton ngay hay thanh ton chm c gi tr nh nhua l ng.

p n Bi 40a. C phiu thng 50.000CP x 20.000 = 1.000 triu Chim 50%C phiu u i 4.000CP x 25.000 = 100 triu Chim 5%Tri phiu 30.000TP x 30.000 = 900 triuChim 45%Chi ph s dng c phiu thng:

Chi ph s dng c phiu u i:

Chi ph s dng tri phiu (trc thu):

Chi ph s dng vn vay sau thu l:8% (1 - 32%) = 5,44%Vy chi ph s dng vn bnh qun:

NgunGi trKt cuChi ph s dngChi ph s dng bnh qun

Tri phiu900 triu45%5,44%0,02448

C phiu u i100 triu5%10%0,005

C phiu thng1.000 triu50%15%0,075

Tng2.000 triu100%10,448%

b. Li nhun trc thu li vay.Li vay = 30.000TP x 2.400 = 72 triuDo li nhun trc thu v li vay l:72 x 4 = 288 triu Li nhun trc thu :288 - 72 = 216 triuLi nhun sau thu:216 x 0,68 = 146,88 triu. Li nhun khng chia dng u t : 146,88 triu - 50.000CP x 1.200 - 4.000CP x 2.500 = 76,88 triu.Vy quy m u t khng vt qa:

th chi ph s dng vn vn l 10,448%c chia ra -Li nhun khng chia : 76,88Pht hnh c phiu u i:153,76 x 5% = 7,688 triu.Pht hnh tri phiu :153,76 x 45% = 69,202 triu.c. Khi quy m u t 200 triu ng th phi pht hnh c phiu thng mi. Do chi ph s dng c phiu thng mi l:

Do chi ph s dng vn cn bin (ng vn t 143,76 triu tr lwn) l: 50% x 18,66% + 5% x 10% + 45% x 5,44% = 12,278%.

p n Bi 41

1/ F = + 70 triu + 297 triu + 12.000 triu x 0,6 x 0,08 = 1.500 triu.V = 0,25 triu + 0,75 triu = 1 triu;(Tin li vay = 12.000 triu x 0,6 x 0,008 = 576 triu)

Q =

2/ PST = 204 triu. Do PTT =

Qh = 3/ Tnh ln ca n by:F khng c li vay = 1.500 triu - 576 triu = 924 triu

n by kinh doanh =

n by ti chnh =

n by tng hp = 4/ Tm gi ti thiu

7.500 = Gi ti thiu P = 1,2triup n Bi 48a, Tnh sn lng hoa vn:Gi Q0 l sn lng t ho vn.

P l gi bn P = 1.000tr

V l bin ph mt sn phm V = 0,8 triu

F l nh ph F = 5.000 triu

Q = Vy khi cng ty ch sn xut v tiu th 24.500SP th b l v cha t ti sn lng ho vn. Vy kt lun trn l sai.b, Gi P0 l li nhun trc thu.P0 = 1.000 triu

Ta c Q = Kt lun: mun c li nhun trc thu l 1.000triu phi sn xut v tiu th 30.000SP l ng.

c, Gi D l vn vay D = 2.000 triu.

i l li sut vay Li sut vay i = 10%Li vay phi tr l 2.000triu x 10% = 200 triuTng nh ph khng c li vay l 5.000triu - 200 triu = 4.800 triu

ln n by kinh doanh = = Kt lun: ln n by kinh doanh ti sn lng Q = 30.000SP = 5 l ngd, Khi sn lng tiu th tng 1% th l nhun trc thu v li vay tng 5%.Do kt lun trn l saie, Tnh ln n by tng hp:

== Vy kt lun : ln n by tng hp = 6 l ng vfa khi sn lng tng 1% th doanh li vn ch s hu tng 6% l ng.

p n Bi 49a, Tnh chi ph s dng vn vay.

y =

- Chn i1 = 7% y = -18

- Chn i2 = 6% y = 10

i = 6% + 1%Vy chi ph s dng vn vay sau thu l:6,35% (1-32%) = 4,318%b, Tnh chi ph s dng c phiu thng mi

i = c, Tnh chi ph s dng c phiu u i

i = d, Tng vn u t l 1.500 triu,trong :- Vn vay : 1.000 triu- Vn gp : (c phiu thng) 300 triu- Vn gp: (c phiu u i) 200 triuVy i bnh qun

i = Do :

NPV = 300x= 300 x 4,5984829 - 1.500 = -120,5 i v cng ln mc s dng n cng ln s lm gia tng t sut li nhun rng vn ch s hu (Re) do vy nu doanh nghip vay thm vn trong trng hp trn: Ra>i (20%>10%) s lm gia tng t sut li nhun rng vn ch s hu ca doanh nghip.

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