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阿紫 · 2022年06月01日

ncc和wcinv好像有重叠?

NO.PZ2018103102000116

问题如下:

According to the financial statement, what`s the FCFE for Company M?

选项:

A.

$1,140 million

B.

$1,050 million

C.

$740 million

解释:

A is correct.

考点:Computing FCFE from Different Accounting Items

解析:

FCFF = EBIT × (1-T) + Dep – Wcinv – Fcinv

= 2,000 × (1-30%) + 750 – (1,000+100-500) – 600

= $950 million

FCFE = FCFF – Int (1 – Tax rate) + Net borrowing.

= 950 – 300*(1 – 0.3) + 400

= $1140 million.

AR和AP到底是算在ncc还是WCinv里面呢?为什么一下在这一下在那?

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王园圆_品职助教 · 2022年06月01日

嗨,从没放弃的小努力你好:


同学你好,AR和AP始终是属于WCInv的哦~~

NCC在本题是depreciation,不可能和WCInv有重合呢

你说的是Net borrowing嘛?

NB值包含有息负债,所以一般是长期负债,有时短期负债中的Notespayable由于有利息的缘故,也计入该科目,本题不涉及呢

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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NO.PZ2018103102000116 问题如下 Accorng to the financistatement, what`s the FCFE for Company M? $1,140 million $1,050 million $740 million A is correct.考点Computing FCFE from fferent Accounting Items解析FCFF = EBIT × (1-T) + p – Wcinv – Fcinv = 2,000 × (1-30%) + 750 – (1,000+100-500) – 600 = $950 millionFCFE = FCFF – Int (1 – Trate) + Net borrowing. = 950 – 300*(1 – 0.3) + 400 = $1140 million. 在I/S中,那些是Wcinv ,哪些是Fcinv?

2024-01-14 15:57 1 · 回答

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2022-07-10 18:37 1 · 回答

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2022-07-04 15:15 1 · 回答

$1,050 million $740 million A is correct. 考点Computing FCFE from fferent Accounting Items 解析 FCFF = EBIT × (1-T) + p – Wcinv – Fcinv = 2,000 × (1-30%) + 750 – (1,000+100-500) – 600 = $950 million FCFE = FCFF – Int (1 – Trate) + Net borrowing. = 950 – 300*(1 – 0.3) + 400 = $1140 million. 我对于这个NB的符号有些不太明白。。。。。,如果从给债权人的现金流来说=int(1-t)-新借入+新偿还,按照题目来讲是repayment的话,应该是300*(1-30%)+400=610才对,然后再用FCFF-610。就算写成一个公式,用NB的话,NB当repayment的时候也是-400,这里既然是repayment,为什么是这个符号?

2022-06-06 12:32 1 · 回答