WACC (Weighted Average Cost of Capital) p毛rfaq毛son norm毛n mesatare t毛 interesit q毛 nj毛 kompani paguan p毛r t毛 financuar aktivet e saj. Ushtrimi 4: Llogaritja e WACC Nj毛 struktur毛 kapitali e nj毛 firme p毛rb毛het nga:
Borxhi ka avantazh tatimor sepse interesi zbritet nga taksat. P毛rdorni gjithmon毛 vet毛m te pjesa e borxhit n毛 WACC.
P毛r t毛 gjetur vler毛n aktuale t毛 莽do fluksi paraje, aplikojm毛 norm毛n e skontimit prej : Viti 2 : Viti 3 : Hapi 2: Mbledhja e Vlerave Aktuale
Vlera n毛 Koh毛 e Paras毛 (Scribd) 鈥� P毛rmbledhje formulash p毛r vler毛n e ardhshme (FV), vler毛n aktuale (PV) dhe amortizimin e huas毛. ushtrime te zgjidhura drejtim financiarrar new
NWC = Current Assets 鈥� Current Liabilities Here, given cash = 鈧�200,000, then Current Assets = cash + inventory + A/R = 200,000 + 212,500 + 300,000 = 鈧�712,500 Current Liabilities = A/P = 鈧�133,333.33 NWC = 712,500 鈥� 133,333.33 = 鈧�579,166.67
(N毛se jeni student, mos harroni t毛 ndani k毛t毛 postim me koleg毛t tuaj!)
Interpretation: A DFL of 1.25 means that for every 1% change in EBIT, EPS changes by 1.25%. Financial leverage magnifies returns but also risk. WACC (Weighted Average Cost of Capital) p毛rfaq毛son norm毛n
Mos u fokusoni vet毛m te fitimi, por te marr毛dh毛nia Risk-Kthim.
Raportet financiare ndihmojn毛 n毛 matjen e sh毛ndetit t毛 nj毛 biznesi. Ushtrimi 3: Raportet e Likuiditetit
Meqen毛se NPV ($112.70) 毛sht毛 mbi zero ( P毛r t毛 gjetur vler毛n aktuale t毛 莽do fluksi
Materialet q毛 keni k毛rkuar zakonisht fokusohen n毛 k毛to kapituj ky莽:
Nj毛 tjet毛r fush毛 ky莽e 毛sht毛 menaxhimi i kapitalit qarkullues, ku modeli i sasis毛 ekonomike t毛 porosis毛 (EOQ) 毛sht毛 nj毛 mjet i domosdosh毛m.
$400,000 (Kostoja e borxhit para tatimit = 8%) Norma e tatimit mbi fitimin (Tax Rate) 毛sht毛 20% . Llogaritni WACC e kompanis毛.
NPV=鈭憈=1nCFt(1+r)t鈭扖F0cap N cap P cap V equals sum from t equals 1 to n of the fraction with numerator cap C cap F sub t and denominator open paren 1 plus r close paren to the t-th power end-fraction minus cap C cap F sub 0 CF0cap C cap F sub 0 Llogarisim vler毛n aktuale t毛 secil毛s rrym毛 paraje: Viti 2: Viti 3: Mbledhim vlerat aktuale t毛 rrymave hyr毛se: