You are on page 1of 5

BI TP QUAN TRI TAI CHINH Bi 1

Ngy 1/11/X cng ty Nam Phng mua mt TSC, gi mua theo ho n l 500 triu ng (khng bao gm VAT), chit khu thanh ton 2% trn gi mua cha c VAT, chi ph vn chuyn ti sn v n doanh nghip l 5 triu ng (khng bao gm VAT), l ph trc b 11 triu ng. Cng ty khng c tin thanh ton nn phi vay ca ngn hng Cng thng Ba nh s tin 200 triu ng (1/11/X). Thi gian vay 4 nm, li sut vay 9% nm, tr li vay hng thng vo ngy cui thng. Yu cu: 1. Xc nh nguyn gi TSC, bit rng thu sut VAT i vi TSC v dch v vn chuyn l10% , cng ty np VAT theo hi gian s dng TSC doanh nghip d kin l 4 nm bt u t nm X+1. 2. Lp k hoch khu hao TSC trn theo 3 phng php: ng thng, t l gim dn, s d gim dn c iu chnh. Bi 2 Ngy 1/2/X cng ty ABC mua mt t v lm TSC, gi mua ti ca khu TP.HCM (CIF) l 300 triu ng. Thu sut thu nhp khu t l 90%, thu sut thu tiu th c bit l 50%, thu sut thu gi tr gia tng l 10%. Cc chi ph vn chuyn, lp t ti sn (khng bao gm thu gi tr gia tng) l 25 triu ng, l ph trc b 13 triu ng. Cng ty khng c tin thanh ton nn phi vay ca ngn hng u t & Pht trin TP.HCM khon tin 200 triu ng (ngy 1/2/X) vi li sut 10% nm, thi hn vay l 5 nm. Li vay tr hng thng vo ngy cui thng. Yu cu: 1. Xc nh nguyn gi TSC? Bit rng cng ty np thu gi tr gia tng theo phng php khu tr thu, thi gian s dng TSC d kin l 5 nm bt u t thng 3 nm X. 2. Lp k hoch khu hao TSC trn theo 3 phng php: ng thng, t l gim dn, s d gim dn c iu chnh? Bi 3 Doanh s bn hng ca cng ty Phng Nam 3 thng 10, 11, 12 nm N l: 467 triu ng; 550 triu ng; 375 triu ng. D kin doanh s bn hng 3 thng u nm N+1 ln lt l: 600 triu ng; 658 triu ng; 720 triu ng. Cc d liu khc d kin nh sau: - 5% doanh s bn hng thanh ton tr ngay, phn cn li bn chu. - Doanh s bn chu c thu tin nh sau: 30% doanh s bn chu c thu vo thng th 2 sau khi bn v 70% c thu vo thng th 3. - Doanh s mua nguyn liu thng 10, 11, 12 nm N v thng 1, 2, 3 nm N+1 ln lt l 300, 320, 240, 360, 400, 400 triu ng. Tin mua nguyn liu tr ngay 50%, tr sau 1 thng 50%. - Tin lng cn b nhn vin phi tr hng thng 140 triu ng khng ph thuc vo doanh s bn. - Thu gi tr gia tng phi np mi thng cn c vo s thu GTGT u ra v u vo ca thng trc. n v np thu gi tr gia tng theo phng php khu tr thu. - Li vay phi tr ngn hng mi thng 80 triu ng. Yu cu: 1. Lp ngn sch thu chi tin ca cng ty 3 thng u nm N+1? 2. Mc tn qu u thng 1 l 25 triu ng. Cng ty quyt nh mc d tr tin d phng l 50 triu ng. Hy tnh s d hay thiu ht tin so vi mc tiu ca mi thng? Bi 4 Cng ty Siprodex c nhu cu s dng nguyn liu trong nm l 1500 n v, Gi mua l 760.000 ng/ n v, chi ph mi ln t hng l 200.000 ng, chi ph lu kho trn mt n v nguyn liu bng 12% gi mua. p dng m hnh EOQ xc nh cc ch tiu sau: 1. S lng t hng ti u mi ln (EOQ) ? 2. Mc tn kho bnh qun ti u (EOQ/2) ? 3. S ln t hng ti u trong nm ? 4. Tng chi ph t hng trong nm ? 5. Tng chi ph bo qun (lu kho) trong mt nm ? 6. Tng chi ph tn kho trong mt nm ? 7. im t hng li (cho s ngy ca nm l 360 v thi gian mua hng l 4 ngy)? Bi 5 Hy tnh mc chi ph s dng tn dng thng mi do b qua khon chit khu i vi cc iu kin tn dng sau: 3/10 net 30 2/20 net 40 1/15 net 45 2/15 net 40 Bi 6 Gi s mt giao dch tn dng thng mi c iu kin thanh ton l 3/10 net 70. Yu cu:

1. Tnh chi ph ca giao dch ny khi ngi mua thanh ton vo ngy th 70 k t ngy giao hng thay v tr tin vo ngy th 10? 2. Gi s ho n mua hng c thanh ton vo ngy th 60 th chi ph ca khon tn dng ny thay i nh th no so vi trng hp thanh ton trn? Bi 7 Cng ty ABC cn mua mt khung kho Tip loi 120m. Cng ty nhn c 3 in cho hng vi cc mc gi v iu kin thanh ton nh sau: Bc in 1: Gi hng 150 tr. Chi ph vn chuyn bc xp n tn ni l 10 tr. Ton b gi hng v chi ph phi thanh ton ngay. Bc in 2: Gi 170 tr, ngi bn chu trch nhim vn chuyn n tn ni theo yu cu ca ngi mua. Tin hng c thanh ton ngay 50%, s cn li cho chu sau 1 nm. Bc in 3: Gi hng 165 tr v ngi mua phi t vn chuyn. Tin hng phi thanh ton ngay 20%, sau 1 nm thanh ton 30%, sau 2 nm thanh ton nt s cn li. Cng ty d tnh, nu t vn chuyn th chi ph l 15 tr. Yu cu: hy tnh ton t vn cho cng ty ABC nn mua hng theo in cho hng no? Bit rng li sut trung bnh trn th trng hin ti n nh mc 8% nm. Bi 8 Cng ty Phng Nam ang c nhu cu u t mt s my vi tnh cho cng tc vn phng. Gi 1 dn my trn th trng hin l 20 tr. Nu cng ty mua tr gp trong 5 nm th cui mi nm phi tr 6 tr. Yu cu: 1. Xc nh li sut tr gp? 2. Lp bng thanh ton n (tnh ring gc v li) phi tr mi nm ? 3. Nu li sut cho vay trung hn i vi VND ca ngn hng trn th trng hin ti l 8% nm ( li tr sau) th cng ty nn vay ngn hng mua tr ngay, hay mua tr gp? Bit rng cng ty c iu kin vay ngn hng. Bi 9 Cng ty may 10 mua b sung mt my may cng nghip vi iu khon thanh ton nh sau: tr ngay 200 triu ng v tr u mi qu 20 triu ng trong vng 10 nm ti. Hai bn mua v bn cng tho thun nu cng ty khng tr ng hn th phi tr li vi mc li sut 8% nm, gp li hng qu. Yu cu: 1.Tnh tng s tin cng ty phi hon tr vo k th 11 nu v nhng l do khch quan cng ty khng tr c 10 khon tr gp u tin? 2.Gi s sau khi hon tr xong 19 khon tr gp u tin cng ty may 10 mun thanh ton ton b s tin tr gp cn li vo k th 20. Hy tnh s tin m cng ty May phi tr vo k . Bi 10 Cng ty may Chin Thng ang tm mt ngun ti tr tr gi 550 triu ng, k hn 6 thng b sung cho vn lu ng. Vi t cch l mt nh qun tr ti chnh doanh nghip anh (ch) hy xc nh chi ph v t vn cho cng ty la chn c cc ngun hp l nht trong s cc ngun ti tr sau y: - Ngn hng Cng thng ng a H Ni chp thun cho vay vi mc li sut l 15% nm gi tr khon vay, li tnh theo phng php li n v cng ty khng phi k qu. - Ngn hng ACB chp thun cho vay vi li sut chit khu 11,2% nm. - Ngn hng Si Gn Thng tn chp thun cho vay vi mc li sut tnh thm l 10% nm. - Ngn hng VCB chp thun cho vay vi mc li sut 9% nm v t l k qu l 15%. Bi 11 Cng ty Phng Nam vay ca ngn hng u t & Pht trin H Ni khon tin 320 tr vi li sut 8% nm, thi hn vay 10 nm. Ton b n gc v li c tr dn vo cui mi nm vi nhng khon tin bng nhau. Yu cu: 1. Xc nh s tin cng ty phi tr vo cui mi nm? 2. Lp bng lch trnh thanh ton n (tnh ring gc v li) ca cng ty vi ngn hng. Bi 12 Cng ty Trng Sn chuyn sn xut mt loi sn phm c gi bn 30.000/n v. Chi ph bin i trn mt n v sn phm l 18.000 , tng chi ph c nh l 179 tr. Yu cu: 1.Xc nh mc sn lng ha vn ca cng ty. 2.Tnh thu nhp trc thu v li vay khi mc sn lng bn ra l 20.000 n v v 22.000 n v. Bi 13 Cng vi cc s liu nh bi 12 nhng s lng bn ca cng ty nm X c d bo nh sau:

S lng bn Xc sut 12.000 0,04 14.916 0,04 16.667 0,11 21.000 0,60 22.000 0,21 Cng ty ang cn nhc chuyn sang sn xut loi sn phm ny bng mt dy truyn sn xut khc c tng chi ph c nh l 250 tr, chi ph bin i trn mt n v sn phm l 15.000 ng. Yu cu: 1.Xc nh sn lng ha vn ca d n ang xem xt? 2.Cho bit mc EBIT bnh qun s thay i nh th no so vi k hoch sn xut c nu d bo v xc sut tiu th sn phm mi nm X ging sn phm c? Bi 14 Cng ty Phng Bc tr c tc trong nm gn y nht l 20.000/c phiu. Gi bn c phiu l 250.000. T l tng trng k vng ca c tc l 5% nm. Nu cng ty pht hnh c phiu mi th n phi chu chi ph pht hnh 4% trn s vn huy ng. Y cu: 1.Xc nh chi ph s dng vn nu cng ty tng vn bng li nhun gi li? 2.Xc nh chi ph s dng vn c phn mi? Bi 15 Bng cn i k ton ngy 31/12/N ca cng ty i Bc nh sau: n v: t ng Ti sn -TSL -TSC 11,30 21,35 10,69 9,46 2,50 10,00 Tng ti sn 32,65 32,65 Chi ph trung bnh ca n ngn hn sau thu l 5,5%. Chi ph n di hn trc thu l 11,5%. Li nhun c phn u i l 13,5%, li nhun c phn thng 18%. Thu sut thu thu nhp doanh nghip 28%. Yu cu: Tnh chi ph s dng vn bnh qun nm N ca cng ty i Bc. Bi 16 Cng ty c kh Trn Hng o ang xem xt mua mt my mi. Gi mua hin ti l 1.000 tr v thi gian s dng my d kin l 5 nm. Gi tr thanh l ti sn sau 5 nm d kin l 10 tr. Cng ty s p dng phng php khu hao theo t l gim dn c iu chnh. D kin li nhun trc thu do my to ra khi a my vo s dng ln lt trong 5 nm l: 250 tr, 300 tr, 300 tr, 250 tr, 200 tr. Thu sut thu thu nhp doanh nghip l 28% (Chnh ph khng nh thu i gi tr thanh l TSC). Yu cu: 1. Xc nh lung thu nhp (bao gm li nhun sau thu v tin khu hao) ca d n t nm th nht n nm th nm. 2. Xc nh thi gian thu hi vn u t ca d n. 3. Nu cng ty quyt nh ch u t vo nhng d n c thi gian hon vn u t khng qu 3 nm th d n trn c c chp nhn khng?0 Bi 17 Cng ty ABC d nh mua mt my ca mi ca hng Mitsubishi vi gi 100 triu ng thay th my ca c. My mi c thi gian s dng 5 nm. Li nhun trc thu ca 5 nm d tnh ln lt l: 30.000.000, 26.000.000, 22.000.000, 20.000.000, 20.000.000. Vo nm th ba cng ty phi duy tu sa cha, chi ph d tnh 10.000.000. Cng ty tin hnh khu hao TSC theo phng php tuyn tnh, thu sut thu thu nhp doanh nghip cng ty phi np l 28%. Hy tnh ton cho bit cng ty c th thc hin d n u t ny khng nu cng ty ch u t vo nhng d n c thi gian hon vn khng qu 3 nm. Bi 18 Cng ty lng thc ABC ang d tnh mua thm mt my xay xt. Cng ty nhn c 2 in cho hng sau: in cho hng 1: Gi my 120tr. My c tui th theo thit k l 4 nm. Cng ty d tnh nu mua my ny th mc li nhun trc thu cng ty c th thu c trong 4 nm ln lt l: 15tr, 16tr, 18tr, 13tr. Khi ht hn s dng gi tr thanh l my d tnh l 5tr. in cho hng 2: Gi my l 200tr, tui th theo thit k l 5 nm. Nu cng ty mua my ny th t l go t tiu chun xut khu rt cao do li nhun trc thu trong 5 nm d tnh ln lt l:24 tr, 26 tr, 24 tr, 22 tr, 18 tr. Gi tr thanh l my d tnh 15 tr. Hy tnh NPV v IRR t vn cho cng ty ABC nn mua my theo bc in no? Bit thu sut thu thu nhp doanh nghip cng ty phi np l 28% nm. Chnh ph khng nh thu i vi gi tr thanh l TSC. Cng ty d kin khu hao ti sn Ngun vn -N ngn hn -N di hn -Vn c phn u i -Vn c phn thng

theo phng php ng thng, chi ph s dng vn ca cng ty l 10% nm. Nu cng ty khu hao theo phng php gi tr gim dn c iu chnh th s nh hng nh th no ti dng thu nhp thun v s la chn d n. Bi 19 Cng ty Nam Phng ang tin hnh xem xt mt d n u t c thi gian hot ng 6 nm. Tng s vn u t ban u l 1.300 tr, trong u t vo TSC 1.200 tr, vo TSL l 100 tr. D kin gi tr thanh l ti sn sau 6 nm l 120 tr. Gi tr u t vo TSL s c thu hi vo cui nm th 6. D kin doanh thu bn hng mi nm l 1.400 tr, tng chi ph l 980 tr trong chi ph khu hao l 200 tr. Thu sut thu thu nhp doanh nghip 28%. Chnh ph khng nh thu i vi gi tr thanh l TSC. Yu cu: 1.Xc nh lung thu nhp ca d n. 2.Nu chi ph s dng vn ca cng ty l 18% nn th d n c c chp thun khng? Bi 20 Cng ty May 10 ang c d nh thay th mt my may cng nghip c. My c ny c gi tr cn li theo s k ton l 960 tr v khu hao theo phng php ng thng, chi ph khu hao mi nm l 192 tr. Gi th trng ca my c thi im hin ti l 800 tr v em li li nhun kinh doanh trc thu d kin mi nm l 416 tr trong thi gian 5 nm. Gi tr thanh l ca my may c sau 5 nm d kin l 200 tr. Hin ti my may cng nghip mi c gi th trng l 1.500 tr v d kin mi nm c th em li cho cng ty khon li nhun kinh doanh trc thu l 560 tr trong thi gian 7 nm. Cng ty d kin tnh khu hao my mi theo phng php s d gim dn c iu chnh. Gi tr thanh l ca my may mi sau 7 nm d kin l 500 tr. Hy tnh ton t vn cho cng ty c nn thay th my c bng my mi khng? Cho bit thu sut thu thu nhp doanh nghip l 28%, Chnh ph khng nh thu thu nhp i vi gi tr thanh l ti sn. Chi ph s dng vn bnh qun ca cng ty l 15%. Bi 21 Mt cng ty ha cht d nh thay th mt thit b c. Thit b c ny c nguyn gi l 1.280 tr, tng thi gian s dng d kin l 5 nm, s dng 2 nm, c gi th trng thi im hin ti l 480 tr v em li li nhun kinh doanh trc thu d kin mi nm l 190 tr trong thi gian 3 nm cn li. Gi tr thanh l ca thit b c sau 3 nm d kin l 96 tr. Hin ti thit b mi c gi th trng l 1.280 tr (gm c chi ph vn chuyn, lp t) v d kin mi nm c th em li cho cng ty khon li nhun kinh doanh trc thu l 336 tr trong thi gian 5 nm. Gi tr thanh l ca thit b mi sau 5 nm d kin l 540 tr. Hy tnh ton t vn cho cng ty c nn thay th thit b c bng thit b mi khng? Cho bit thu sut thu thu nhp doanh nghip l 28%, Chnh ph khng nh thu thu nhp i vi gi tr thanh l ti sn. Chi ph s dng vn bnh qun ca cng ty l 10%. Cng ty tnh khu hao ti sn theo phng php t l gim dn. Bi 22 Cng ty sn xut giy ABC ang xem xt d n mua v lp t mt bng chuyn vn chuyn nguyn liu trong nh my. Gi mua bng chuyn 1.280 tr, chi ph chuyn ch, lp t v cc chi ph khc l 320 tr. Tui th ca bng chuyn l 5 nm. Hot ng ca bng chuyn khng lm tng doanh thu nhng n c th tit kim chi ph sn xut ca cng ty l 480 tr mi nm. Gi tr thanh l ca bng chuyn sau 5 nm d kin bng 0. Cng ty tnh khu hao ti sn theo phng php s d gim dn c iu chnh. Thu sut thu thu nhp doanh nghip l 28%. Yu cu: 1.Xc nh dng thu nhp thun v NPV ca d n. 2.Nu tnh khu hao theo phng php ng thng th NPV s thay i nh th no? Bi 23 Cng ty xy dng Vinaconex ang xem xt mt d n u t my xc t ng. Nguyn gi my xc l 1.000 tr, thi gian hot ng d kin l 5 nm. u t my xc ny ngoi vn ch s hu 200 tr, cng ty phi vay ngn hng 800 tr, thi hn 5 nm, li sut 10% nm, vn tr u trong 5 nm mi nm 160 tr, li tr hng nm vo cui nm. Thu nhp trc khu hao, li vay v thu do my to ra mi nm d kin l 300 tr. Hy s dng phng php NPV tnh gip cng ty xem c th u t my xc bng hnh thc ti tr ny khng? Cho bit thu sut thu thu nhp doanh nghip l 28%, cng ty khu hao theo phng php ng thng, t l chit khu l 13% nm.

Bi 24 Sau y l cc thng tin ti chnh ca cng ty Hoa Nam trong cc nm t nm X+1 n nm X+4. n v: tr Ch tiu X+1 1.Ti sn 2.Doanh thu thun 3.Li nhun thun 4.N 910 1560 130 0 S liu ca cc nm X+2 X+3 1000 1080 1610 1860 (100) 200 0 0 X+4 1300 2130 210 0

Yu cu: 1.Xc nh cc ch tiu ROA, ROE v doanh thu thun / ti sn mi nm vi gi thit ton b ti sn c ti tr bng vn ch s hu? 2.Nu h s n ca cng ty l 25% th ROA, ROE mi nm thay i nh th no?

You might also like