Thư viện tài liệu, ebook tổng hợp lớn nhất Việt Nam

Nguyên tắc tài trợ: Huy động nguồn ngắn hạn để tài trợ cho tài sản ngắn hạn, huy động nguồn dài hạn để tài trợ cho nguồn dài hạn Tài sản ngắn hạn của doanh nghiệp là những tài sản thuộc quyền sở hữu và quản lý của doanh nghiệp, có thời gian sử dụng, luân chuyển thu hồi vốn trong một kỳ kinh doanh hoặc một năm. Tài sản ngắn hạn của doanh nghiệp có ...

18 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 995 | Lượt tải: 0

Investment bankers and company officials promote the company through a road show, a series of presentations to potential investors throughout the country and sometimes overseas. • This helps investment bankers gauge the demand for the offering which helps them to set the initial offer price. • After the underwriter sets the terms, the SEC ...

74 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 962 | Lượt tải: 0

A noted earlier, bonds are long-term debt instruments used by businesses and government to raise large sums of money, typically from a diverse group of lenders. • Most bonds pay interest semiannually at a stated coupon interest rate, have an initial maturity of 10 to 30 years, and have a par value of $1,000 that must be repaid at maturity

56 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 938 | Lượt tải: 0

Risk and Return: The Capital Asset Pricing Model (CAPM) • If you notice in the last slide, a good part of a portfolio’s risk (the standard deviation of returns) can be eliminated simply by holding a lot of stocks. • The risk you can’t get rid of by adding stocks (systematic) cannot be eliminated through diversification because that variabil...

51 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 861 | Lượt tải: 0

Compounding Interest More Frequently Than Annually (cont.) • A General Equation for Compounding More Frequently than Annually – Recalculate the example for the Fred Moreno example assuming (1) semiannual compounding and (2) quarterly compounding.

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Cash Planning: Cash Budgets • The cash budget or cash forecast is a statement of the firm’s planned inflows and outflows of cash. • It is used to estimate short-term cash requirements with particular attention to anticipated cash surpluses and shortfalls. • Surpluses must be invested and deficits must be funded. • The cash budget is a usefu...

56 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1034 | Lượt tải: 0

Ratio Analysis (cont.) • Liquidity Ratios • Activity Ratios • Leverage Ratios • Profitability Ratios – Return on Total Assets (ROA)

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Major Areas & Opportunities in Finance: Managerial Finance (cont.) • Increasing globalization has complicated the financial management function by requiring them to be proficient in managing cash flows in different currencies and protecting against the risks inherent in international transactions. • Changing economic and regulatory conditi...

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Translation Exposure -- Relates to the change in accounting income and balance sheet statements caused by changes in exchange rates. Transactions Exposure -- Relates to settling a particular transaction at one exchange rate when the obligation was originally recorded at another. Economic Exposure -- Involves changes in expected future cash flow...

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The shareholders of Company A will experience a decrease in earnings per share because of the acquisition [$3.90 post-merger EPS versus $4.00 pre-merger EPS]. The shareholders of Company B will experience an increase in earnings per share because of the acquisition [.703125 x $4.10 = $2.88 post-merger EPS versus $2.50 pre-merger EPS].

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