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

In addition to creating a “before” and “after” translated balance sheet to calculate the translation exposure, there is a simpler method through multiplying the value of “net exposed assets” with the percentage of depreciation –An exposed asset (liability) is an asset (liability) whose value drops (rises) with the depreciation of the function...

5 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 874 | Lượt tải: 0

Accrued Expenses -- Amounts owed but not yet paid for wages, taxes, interest, and dividends. The accrued expenses account is a short-term liability. Wages -- Benefits accrue via no direct cash costs, but costs can develop by reduced employee morale and efficiency. Taxes -- Benefits accrue until the due date, but costs of penalties and interest ...

40 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 884 | Lượt tải: 0

Trident company just concludes negotiations for the sale of telecommunication equipments to Regency, a British firm, for ￡1,000,000 – The sale is made in March with payment due three months later in June – The financial and market information is as follows • Spot exchange rate: $1.7640/￡ • Three-month forward rate: $1.7540/￡ • Cost of capit...

15 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1022 | Lượt tải: 0

The before-tax opportunity cost for each dollar of funds “tied-up” in additional receivables is 20%. Ignoring any additional bad-debt losses that may arise, should the competing firm introduce a cash discount?

52 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1014 | Lượt tải: 0

Interest Rate Risk – Interest rates might move against the swap bank after it has only gotten half of a swap on the books, or if it has an unhedged position. • Basis Risk – If the floating rates of the two counterparties are not pegged to the same index. • Exchange Rate Risk – In the example of a currency swap given earlier, the swap bank ...

9 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 934 | Lượt tải: 0

Accelerate preparation and mailing of invoices computerized billing invoices included with shipment invoices are faxed advance payment requests preauthorized debits

53 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 839 | Lượt tải: 0

Seasonal orders require the purchase of inventory beyond current levels. Increased inventory is used to meet the increased demand for the final product. Sales become receivables. Receivables are collected and become cash. The resulting cash funds can be used to pay off the seasonal short-term loan and cover associated long-term financing costs.

25 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 837 | Lượt tải: 0

Example, In Dec 2014, Company A, based in the US, knows that it will have to pay £1 millions in Jan. 2015. for goods it has purchased from a British supplier. The current exchange rate is $1.8220, and Jan. futures price for CME contracts on £ is $1.8250 • Solution: – Company A could hedge its foreign exchange risk by taking a long position in...

4 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 1081 | Lượt tải: 0

Sensitivity to volatility (Vega): # – The vega for calls and puts are the same – Volatility is important to option value because it measures the exchange rate’s likelihood to move either into or out of the range in which the option will be exercised – The positive value of vega implies that both call and put values rise (fall) with the increa...

12 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 858 | Lượt tải: 0

Tuy nhiên, ở chừng mực nh t định, mô hình Tiebout không miêu tả thế giới hiện thực một cách hoàn hảo, có hai tranh luận về tái phân phối . „ Thứ nhất là sự thất bại của cơ chế Tiebout. Ví dụ, cộng đồng có lợi ích cao => giá nhà cao, tạo ra cơ chế phân vùng. „ Thứ hai là ngoại tác. Hàng hóa công địa phương như giáo dục có tính lan tỏa đến cộn...

43 trang | Chia sẻ: thuychi20 | Ngày: 07/04/2020 | Lượt xem: 926 | Lượt tải: 0