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Gi mua
chit khu
CP v/c
l ph trc b
vay NH
500
2%
5
11
200
tr
ca gi mua
tr
tr
tr
1. Nguyn gi : NG =
509
tr
nm
/nm
nm
1/6
9%
4
M
N
1
2
3
4
NG
127.25 tr
Mi
127.25
127.25
127.25
127.25
Khu hao ly k
127.25
254.5
381.75
509
Ti
40%
30%
20%
10%
100%
Mi
203.6
152.7
101.8
50.9
509
Gi tr cn li
381.75
254.5
127.25
0
Mi Ti NG
Khu hao ly k
203.6
356.3
458.1
509
Gi
509.00
318.13
198.83
99.41
Tc
37.5%
37.5%
-
Mi
190.88
119.30
99.41
99.41
509.00
Ti
2 N i 1
N N 1
Gi tr cn li
305.4
152.7
50.9
0
Mi Gi Tdc
Tdc T H
Khu hao ly k Gi tr cn li
190.88
318.13
310.17
198.83
409.59
99.41
509.00
0.00
=> a ra phng php khu hao la chn, u im ca phng php so vi cc phng php khc
1
H
N
T H
1
H
N
Bi 2:
Gi CIF
Thu NK
Thu TTB
CP v/c
l ph trc b
300
90%
50%
25
13
1. Nguyn gi : NG =
894.67
tr
ca gi mua
ca gi NK
tr
tr
tr
vay NH
thi gian vay
li sut vay
thi gian s dng
tr
nm
/nm
nm
200
1/12
10%
5
M
N
1
2
3
4
5
NG
178.93 tr
Mi
178.93
178.93
178.93
178.93
178.93
Khu hao ly k
178.93
357.87
536.80
715.73
894.67
Ti
33%
27%
20%
13%
7%
100%
Mi
298.22
238.58
178.93
119.29
59.64
894.67
Gi tr cn li
715.73
536.80
357.87
178.93
0.00
Mi Ti NG
Khu hao ly k
298.22
536.80
715.73
835.02
894.67
Gi
894.67
536.80
322.08
193.25
96.62
Tc
40.0%
40.0%
40.0%
-
Mi
357.87
214.72
128.83
96.62
96.62
Ti
2 N i 1
N N 1
Gi tr cn li
596.44
357.87
178.93
59.64
0.00
Mi Gi Tdc
Khu hao ly k
357.87
572.59
701.42
798.04
894.67
Tdc T H
Gi tr cn li
536.80
322.08
193.25
96.62
0.00
=> a ra phng php khu hao la chn, u im ca phng php so vi cc phng php khc
1
H
N
T H
1
H
N
n v tr
Bi 3:
thng
.
ch tiu
10
11
12
I,Thu
1.Doanh s BH
467.00
550.00
375.00
600.00
658.00
720.00
443.65
522.50
356.25
570.00
625.10
684.00
133.10
156.75
106.88
171.00
187.53
310.56
365.75
249.38
399.00
23.35
23.35
27.50
160.60
18.75
486.06
30.00
502.63
32.90
453.28
36.00
622.53
(300.00)
(320.00)
(240.00)
(360.00)
(400.00)
(400.00)
2.Bn chu
95%*(1)
5%*(1)
II,Chi
4.Tr gi NVL mua
4.1.Tr tin ngay
50%*(4)
(150.00)
(160.00)
(120.00)
(180.00)
(200.00)
(200.00)
50%*(4)
(150.00)
(160.00)
(120.00)
(180.00)
(200.00)
(140.00)
(140.00)
(140.00)
(140.00)
(140.00)
(140.00)
(16.70)
(23.00)
(13.50)
(24.00)
(25.80)
7.Li vay
8.Tng chi
(80.00)
(370.00)
(80.00)
(546.70)
(80.00)
(523.00)
(80.00)
(533.50)
(80.00)
(624.00)
(80.00)
(645.80)
(346.65)
(386.11)
(36.95)
(30.88)
(170.73)
(23.27)
IV.Tn qu
25.00
(5.88)
(176.60)
V.D phng
(50.00)
(50.00)
(50.00)
(55.88)
(226.60)
(249.87)
10%*(1)'-(4)'
Bi 4 :
D=
P=
Gi mua :
C=
Thi gian t hng =
1500
200000
760000
91200
4
1. Lng t hng ti u
EOQ =
82
EOQ/2 =
41
3. S ln t hng
D/EOQ =
19
D/EOQ * P =
3800000
EOQ/2 * C =
3739200
7539200
Bi 5:
Chnh sch tn dng T l CK
3/10 net 30
3%
2/20 net 40
2%
1/15 net 45
1%
2/15 net 40
2%
Bi 6:
1,Chi ph giao dch khi thanh ton vo ngy th 70
3
360
x
18.55%
100 3 70 10
2,Chi ph ca giao dch khi thanh ton vo ngy th 60
3
360
x
22.26%
100 3 60 10
Bi 7:
li sut nm : 8%
Thi gian
0
B 1
160
B 2
85
B 3
48
85
49.5
82.5
PV
160.00
163.70
164.56
tr
164.56
tr
Bi 8:
gi my
20
tr, tr u
1. Xc nh li sut tr gp
20
=
tr, trong
0
-20.00
1
6.00
2
6.00
Li sut tr gp :
3
6.00
1 i
vi n =
4
6.00
5
6.00
Tr vn gc
N gc cui
k
i = 15.24%
(2)
(3)
1
2
3
4
5
20.00
17.05
13.65
9.72
5.21
6.00
6.00
6.00
6.00
6.00
30.00
Tr tin li
nm
(4) =
(5) = (3) - (4) (6) = (2) - (5)
15.24%x (2)
3.05
2.95
17.05
2.60
3.40
13.65
2.08
3.92
9.72
1.48
4.52
5.21
0.79
5.21
0.00
10.00
20.00
Bi 9 :
li sut nm : 8%/nm
=> li sut tr hng qu : 2%
S tin tra hng qu 20
1.Tng s tin m cng ty s phi tr vo k 11 nu cha thanh ton 10 k trc
S qu phi thanh ton :
11
FV =
10
10
t
t
FV 20 (1 r ) 20 20 (1 2%) 20 20 x11, 1687 20 243, 374
t 1
t 1
2.Tng s tin cn n vo k 20 nu thanh ton 19 k trc ng hn
S qu phi thanh ton :
20
20
PV 20 20
i 1
20
PV =
1
1
20
20
20 20 x16, 3514 347, 029
i
(1 2%)i
(1
2%)
i 1
$243.374
$347.029
Bi 10:
i
R (1 )k 1
e
Re : li sut thc / nm
k
i : Li sut danh ngha
k : k = 360/n hoc k = 12/t ( n,t l thi hn ca hp ng TD theo ngy, thng)
------------------------------------------------------------------------------------------------------------------vay
550 tr
k hn
1/2 nm
k =
2
li sut n
15.00%
li sut chit khu
11.20%
li sut tnh thm
10.00%
li sut khon k qu
9.00% vi t l k qu
15%
Re =
550
550
15%
1/2
41.25
x 11.20%
30.8
x
=
1/2
519.2
30.8
+
:
x
=
10%
96.25
1/2
vi n =
15.56%
Re =
550
550
12.22%
550
6
n
550
96.25 x
0
-550.00
1
96.25
i =
1.4121%
2
96.25
3
96.25
1 i
4
96.25
5
96.25
6
96.25
18.32%
Ngun ti tr 4: vay vi t l k qu
S tin li phi tr trong k hn:
S tin k qu:
S tin thc nhn
Li sut thc/ nm
Re =
550
550
550
x
x
-
9.00%
15%
82.50
x
=
=
1/2
82.50
467.50
10.87%
ngun ti tr 4
24.75
577.5
Bi 11:
1. Xc nh s tin cng ty phi tr vo cui mi nm
n
320
Ax
A=
1 i
vi i = 8%
n = 10
47.69
N gc u S tin tr n
k
mi k
(2)
320.00
297.91
274.05
248.29
220.46
190.41
157.95
122.90
85.04
44.16
(3)
47.69
47.69
47.69
47.69
47.69
47.69
47.69
47.69
47.69
47.69
476.89
Tr tin li
Tr vn gc
N gc cui
k
(6) = (2) - (5)
297.91
274.05
248.29
220.46
190.41
157.95
122.90
85.04
44.16
0.00
Bi 12:
P
FC
VC
BE
Q =
Q =
30000
179000000
18000
FC
14917
P VC
20000
22000
ta c EBIT = Q(P-VC) - FC =
ta c EBIT = Q(P-VC) - FC =
61000000
85000000
Bi 13:
S lng bn
12000
14916
16667
21000
22000
Xc sut
4%
4%
11%
60%
21%
480
597
1833
12600
4620
P
FC
VC
30000
250000000
15000
BE
FC
P VC
Vi chi ph nh bi 12
Vi chi ph nh bi 13
16667
ta c EBIT = Q(P-VC) - FC = 20131*(30000-18000) - 179000000
= 62572000
ta c EBIT = Q(P-VC) - FC = 20131*(30000-15000) - 250000000
= 51965000
Bi 14:
Gi c phiu
C tc
t l tng trng k vng
chi ph pht hnh c phiu mi
Po
Do
g
F
250000
20000
5%
4%
/c phiu
/c phiu
/nm
vn huy ng
=>
D1 = 21000
Ke
D (1 g )
D1
g 0
g
P0
P0
13.4%
Kn
D (1 g )
D1
g 0
g 13.75%
P0 F
P0 F0
Bi 15:
TI SN
Hnh thc C cu t
VN
Hnh thc
TSL
11.30
N ngn hn
TSC
21.35
C cu t
T trng
Chi ph
CP BQ
10.69
32.74%
5.50%
1.80%
N di hn
9.46
28.97%
8.28%
2.40%
Vn CP u i
2.50
7.66%
13.50%
1.03%
Vn CP thng
10.00
30.63%
18.00%
5.51%
32.65
100%
32.65
chi ph n di hn sau thu = 11.5% x (1-28%) =
8.28%
10.75%
n v tr
Bi 16:
Nm
Vn u t ban u = NG
(1,000)
250
300
300
250
200
Thu (T)
(70)
(84)
(84)
(70)
(56)
180
216
216
180
144
333.33
266.67
200.00
133.33
66.67
Gi thanh l TSC
10
513.33
482.67
416.00
313.33
220.67
(1,000)
s d cn thiu ca TN tch
ly so vi VT
Ti
33%
333.33
513.33
513.33
486.67
27%
266.67
482.67
996.00
4.00
20%
200.00
416.00
1,412.00
4
5
15
13%
7%
100%
133.33
66.67
1000
313.33
220.67
1,946
1,725.33
1,946.00
PBP =
Thu TN
28%
Mi
Thu nhp
0.01
> 1000
(412.00)
(725.33)
(946.00)
2.01
<3
Bi 17:
Nm
NG
(100)
LNTT
30
26
22
20
20
Thu
(8.4)
(7.3)
(6.2)
(5.6)
(5.6)
LNST
21.6
18.7
15.8
14.4
14.4
20
20
20
20
20
41.6
38.7
35.8
34.4
34.4
Khu hao
Gi thanh l
Thu thanh l
Dng tin thun
Bng tnh khu hao
N
Ti
1
20%
2
20%
3
20%
4
20%
5
20%
15
100%
(100)
Mi
20
20
20
20
20
100
PBP =
2
+
=> chp nhn u t d n
Thu TN
Thu nhp
41.6
38.7
35.8
34.4
34.4
185.0
0.55
2.55
<3
28%
chi ph sa cha thuc CPSX, khng lm thay i gi tr cn li ca TSC, nn khng thay i khu hao TSC
chi ph nng cp cng thuc CPSX, nhng lm thay i gi tr cn li ca TSC, nn thay i khu hao TSC
Thu TN 28%
Bi 18:
Bc in 1 :
Nm
Vn u t = NG
LNTT
Thu
LNST
Khu hao
Gi thanh l
Thu thanh l
Dng tin thun
NPV1 =
0
(120)
(120)
i = 10%
15
(4.20)
10.80
30
40.80
16
(4.48)
11.52
30
41.52
18
(5.04)
12.96
30
42.96
13
(3.64)
9.36
30
5
44.36
40.80
41.52
42.96
44.36
120
2
3
(1 r ) (1 r )
(1 r )
(1 r ) 4
NPV1 = 13.98
Bc in 2 :
Nm
Vn u t = NG
LNTT
Thu
LNST
Khu hao
Gi thanh l
Thu thanh l
Dng tin thun
IRR1 =
0
(200)
(200)
NPV2 = 23.97
24
(6.72)
17.28
40
57.28
26
(7.28)
18.72
40
58.72
24
(6.72)
17.28
40
57.28
22
(6.16)
15.84
40
55.84
18
(5.04)
12.96
40
15
67.96
14.50%
Khu hao bc in 2
N
Mi
1
40
2
40
3
40
4
40
5
40
IRR2 =
Khu hao bc in 1
N
Mi
1
30
2
30
3
30
4
30
10
15.20%
Thu TN
1
15
(4.20)
10.80
48
58.80
16
(4.48)
11.52
36
47.52
18
(5.04)
12.96
24
36.96
13
(3.64)
9.36
12
5
26.36
IRR1 =
0
28%
18.02%
2
NG
LNTT
Thu
LNST
Khu hao
Gi thanh l
Thu thanh l
Dng tin thun
NPV2 =
(200)
(200)
(30.92)
24
(6.72)
17.28
40
57.28
IRR2 =
Khu hao bc in 1
N
Ti
Mi
1
40%
48
2
30%
36
3
20%
24
4
10%
12
10
100%
120
26
(7.28)
18.72
32
50.72
24
(6.72)
17.28
24
41.28
Khu hao bc in 2
N
Ti
1
33.33%
2
26.67%
3
20.00%
4
13.33%
5
6.67%
15
100%
NPV2 =
IRR1 =
0
(200)
(200)
34.54
Khu hao bc in 1
N
Gi
Tc
1
120
37.5%
2
75
37.5%
3
46.9
4
23.4
10
18
(5.04)
12.96
8
15
35.96
3.10%
22
(6.16)
15.84
16
31.84
Mi
40.0
32.0
24.0
16.0
8.0
120
28%
4
13
(3.64)
9.36
23.4
5
37.80
16.79%
24
(6.72)
17.28
80.0
97.28
26
(7.28)
18.72
48.0
66.72
24
(6.72)
17.28
28.8
46.08
22
(6.16)
15.84
21.6
37.44
18
(5.04)
12.96
21.6
15
49.56
IRR2 =
Mi
45.0
28.1
23.4
23.4
17.84%
Khu hao bc in 2
N
Gi
1
200
2
120
3
72.0
4
43.2
5
21.6
15
Tc
40.0%
40.0%
40.0%
-
Mi
80.0
48.0
28.8
21.6
21.6
Bi 18:
Bc in 1 :
Nm
Vn u t = NG
LNTT
Thu
LNST
Khu hao
Gi thanh l
Thu thanh l
Dng tin thun
0
(120)
(120)
15
(4.20)
10.80
30
16
(4.48)
11.52
30
18
(5.04)
12.96
30
40.80
41.52
42.96
13
(3.64)
9.36
30
5
44.36
r = 10%
i = 10%
NPV1 = 13.98
IRR1 =
15.20%
NPV1' =
Bc in 2 :
Nm
Vn u t = NG
LNTT
Thu
LNST
Khu hao
Gi thanh l
Thu thanh l
Dng tin thun
NPV2 = 23.97
Khu hao bc in 1
N
Mi
1
30
2
30
3
30
4
30
10
1 r
0
(200)
(200)
120
= 13.98
24
(6.72)
17.28
40
57.28
26
(7.28)
18.72
40
58.72
24
(6.72)
17.28
40
57.28
22
(6.16)
15.84
40
55.84
18
(5.04)
12.96
40
15
67.96
IRR2 =
14.50%
Khu hao bc in 2
N
Mi
1
40
2
40
3
40
4
40
5
40
Bi 19:
Nm
Vn u t
+ TSC
+ TSL
Doanh thu
Chi ph
LNTT
Thu
LNST
Khu hao
Thu hi TSL
Gi thanh l
Thu thanh l
Dng tin thun
NPV = 538.69
Thu TN 28%
0
(1,300)
(1,200)
(100)
(1,300)
Chi ph s dng vn
1
18%
5
1,400
(980)
420
(117.60)
302.4
200
1,400
(980)
420
(117.60)
302.4
200
1,400
(980)
420
(117.60)
302.4
200
1,400
(980)
420
(117.60)
302.4
200
1,400
(980)
420
(117.60)
302.4
200
502.4
502.4
502.4
502.4
502.4
IRR= 33%
n v tr
6
1,400
(980)
420
(117.60)
302.4
200
100
120
722.4
Thu TN
Bi 20:
Nm
Vn u t tng thm
- Gi mua my mi
- Gi bn my c
28%
1
(700)
(1,500)
800
144
144
144
144
144
560
(40.32)
(40.32)
(40.32)
(40.32)
(40.32)
(156.80)
103.68
103.68
103.68
103.68
103.68
403.20
343.71
152.39
29.39
(49.68)
(100.51)
82.34
(200)
N
1
2
3
4
5
6
7
Khu hao my mi
Ti
35.70%
35.70%
35.70%
35.70%
35.70%
-
(700)
Mi
535.71
344.39
221.39
142.32
91.49
82.34
82.34
447.39
KH my
c
192.00
192.00
192.00
192.00
192.00
0
0
256.07
133.07
KH tng
thm
343.71
152.39
29.39
(49.68)
(100.51)
82.34
82.34
54.00
(196.83)
NPV =
483.60
Khu hao my mi
N
Mi
1
214.3
2
214.3
3
214.3
4
214.3
5
214.3
6
214.3
7
214.3
28
1500.0
Ti
25%
21%
18%
14%
11%
7%
4%
100%
Mi
375.0
321.4
267.9
214.3
160.7
107.1
53.6
1500.0
Gi
1,500.0
964.3
619.9
398.5
256.2
164.7
82.3
Tc
35.7%
35.7%
35.7%
35.7%
35.7%
-
Mi
535.71
344.39
221.39
142.32
91.49
82.34
82.34
1,500.0
Khu hao my c
N
1
2
3
4
5
15
Ti
33%
27%
20%
13%
7%
100%
Mi
320
256
192
128
64
960
Gi
960
576
345.6
207.4
103.7
Tc
40.0%
40.0%
40.0%
-
Mi
384
230.4
138.2
103.7
103.7
960
Mi
192
192
192
192
192
960
485.54
560
(156.80)
403.20
82.34
500
985.54
Bi 21:
Nm
Vn u t tng thm
+ Gi mua my mi
+ Gi bn my c
LNTT tng thm
Thu tng thm
LNST tng thm
Khu hao tng thm
Gi thanh l tng thm
Thu thanh l tng thm
Dng tin thun tng thm
N
1
2
3
4
5
Khu hao my mi
Ti
33.33%
26.67%
20.00%
13.33%
6.67%
100.00%
0
(800)
(1,280)
480
(800)
Mi
426.67
341.33
256.00
170.67
85.33
1
146
(40.88)
105.12
170.67
275.79
KH my
c
256.00
170.67
85.33
0
0
2
146
(40.88)
105.12
170.67
275.79
KH tng
thm
170.67
170.67
170.67
170.67
85.33
3
146
(40.88)
105.12
170.67
(96)
179.79
336
(94.08)
241.92
170.67
412.59
336
(94.08)
241.92
85.33
540
867.25
NPV =
634.01
Bi 22:
Nm
(1,280)
CP vn chuyn lp t
(320)
CP SX tng thm
480
480
480
480
480
480
480
480
480
480
(134.40)
(134.40)
(134.40)
(134.40)
(134.40)
345.6
345.6
345.6
345.6
345.6
640.0
384.0
230.4
172.8
172.8
Gi thanh l
Thu thanh l
(1,600)
729.60
NPV1 =
576.00
518.40
518.40
741.59
Ti
33%
27%
20%
13%
7%
100%
Mi
533.3
426.7
320.0
213.3
106.7
1600
Gi
1,600.0
960.0
576.0
345.6
172.8
Tc
40.0%
40.0%
40.0%
-
Mi
640
384.0
230.4
172.8
172.8
1,600
2
(480)
480.0
(134.40)
345.6
320.0
665.60
3
(480)
480.0
(134.40)
345.6
320.0
665.60
4
(480)
480.0
(134.40)
345.6
320.0
665.60
5
(480)
480.0
(134.40)
345.6
320.0
665.60
N
1
2
3
4
5
15
Khu hao T
320
320
320
320
320
1600
985.60
NPV2 =
631.19
Bi 23:
Nm
Nguyn gi
Vay ngn hng
Doanh thu
Khu hao
Li vay
LNTT
Thu
LNST
Khu hao
Tr vn gc tin vay
Gi thanh l
Thu thanh l
Dng tin thun
0
(1,000)
800
(200)
Li sut vay
10%
Thu TN DN
28%
1
300
(200)
(80)
20
(5.60)
14.40
200.0
(160.0)
54.40
NPV
2
300
(200)
(64)
36
(10.08)
25.92
200.0
(160.0)
65.92
3
300
(200)
(48)
52
(14.56)
37.44
200.0
(160.0)
77.44
4
300
(200)
(32)
68
(19.04)
48.96
200.0
(160.0)
88.96
62.53
Tin gc
D n cui k
(1)
(2)
(3)=12%*(2)
(4)
(5)=(2)-(4)
1
2
3
4
5
800
640
480
320
160
80
64
48
32
16
240
160
160
160
160
160
800
640
480
320
160
0
5
300
(200)
(16)
84
(23.52)
60.48
200.0
(160.0)
100.48
Bi 24:
1. ROA: t sut sinh li ca ti sn
ROE: t sut sinh li vn ch s hu
ROA =
LN ST
TS
Nm
ROE =
LN ST
VCSH
X+1
X+2
X+3
X+4
Ti sn
910
1000
1080
1300
Doanh thu
1560
1610
1860
2130
LN thun
130
-100
200
210
N/ tng vn
25%
30%
35%
40%
VCSH
75%x910 =
682.50 75%x1000 =
750.00 75%x1080=
810.00 75%x1300 =
975.00
ROA
130/910 =
0.14 -100/1000 =
-0.10 200/1080 =
0.19 210/1300 =
0.16
ROE
130/682.5 =
0.19
-0.13
0.25
210/975 =
0.22
DTT/TS
1560/910 =
1.71 1610/1000=
1.72 2130/1300 =
1.64
-100/750 =
200/810 =
1.61 1860/1080 =
X+1
50%x910 =
X+2
X+3
X+4
455.00 50%x1000 =
500.00 50%x1080 =
540.00 50%x1300 =
650.00
ROA
ko i
ko i
ko i
ko i
ROE
0.286
-0.2
0.37
0.3