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    Hoc Vien Ngan Hangde Thi Ket Thuc Hoc Phan Khoa Tal Chinhtai Chinh Doanh Nghiep 2 (Fin25A)

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    Jelly Hoang
    This document contains a test for a banking course with 10 multiple choice questions (Part I) and 3 calculation exercises (Part II). The first exercise asks students to use net present value to advise a company on whether to replace an old machine with a new one based on cash flows over 7 years. The second exercise asks students to calculate the weighted average cost of capital and advise a company on whether to invest in a project based on financing from retained earnings, bank loans, and new share issuance. The third exercise asks students to calculate operating, financial, and comprehensive breakeven points for a company given information on revenues, costs, production levels, and capital structure, and to determine the effect on return

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    Hoc Vien Ngan Hangde Thi Ket Thuc Hoc Phan Khoa Tal Chinhtai Chinh Doanh Nghiep 2 (Fin25A)

    Uploaded by

    Jelly Hoang
    3 views2 pages
    This document contains a test for a banking course with 10 multiple choice questions (Part I) and 3 calculation exercises (Part II). The first exercise asks students to use net present value to advise a company on whether to replace an old machine with a new one based on cash flows over 7 years. The second exercise asks students to calculate the weighted average cost of capital and advise a company on whether to invest in a project based on financing from retained earnings, bank loans, and new share issuance. The third exercise asks students to calculate operating, financial, and comprehensive breakeven points for a company given information on revenues, costs, production levels, and capital structure, and to determine the effect on return

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    This document contains a test for a banking course with 10 multiple choice questions (Part I) and 3 calculation exercises (Part II). The first exercise asks students to use net present value to advise a company on whether to replace an old machine with a new one based on cash flows over 7 years. The second exercise asks students to calculate the weighted average cost of capital and advise a company on whether to invest in a project based on financing from retained earnings, bank loans, and new share issuance. The third exercise asks students to calculate operating, financial, and comprehensive breakeven points for a company given information on revenues, costs, production levels, and capital structure, and to determine the effect on return

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    3 views2 pages

    Hoc Vien Ngan Hangde Thi Ket Thuc Hoc Phan Khoa Tal Chinhtai Chinh Doanh Nghiep 2 (Fin25A)

    Uploaded by

    Jelly Hoang
    This document contains a test for a banking course with 10 multiple choice questions (Part I) and 3 calculation exercises (Part II). The first exercise asks students to use net present value to advise a company on whether to replace an old machine with a new one based on cash flows over 7 years. The second exercise asks students to calculate the weighted average cost of capital and advise a company on whether to invest in a project based on financing from retained earnings, bank loans, and new share issuance. The third exercise asks students to calculate operating, financial, and comprehensive breakeven points for a company given information on revenues, costs, production levels, and capital structure, and to determine the effect on return

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    © All Rights Reserved
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    of 2

    HOC VIEN NGAN HANGDE THI KET THUC HOC PHAN

    KHOA TAl CHINHTAI CHINH DOANH NGHIEP 2 (FIN25A)


    Be thi so : 01
    Thbi gian lam bai: 90 phut

    Ap dung cho khba/he/lbp:


    Ca thi:... /\Ngay th\A^j^kA.M...Ngay duy^
    Dai dien Phong TT - QLCL/^rvwA^^TTNgubi duyet de.

    PHAN I: LY THUYET (5 diem) Lira chon dung sai va giai thich ngan gon:
    Cau 1: So sanh miic do rui ro cua hai khoan dau tu, neu khoan dau tu nao co do lech chuan cua ty suat
    sinh lpi cao hon se co muc do rui ro Ion hon
    Cau 2: Trong danh gia va lira chon dp an dau tu, phuong phap thbi gian hoan von thubng khbng phu hop
    vdi cac dp an co kha nang sinh lpi cham.
    Cau 3: Theo phuong phap NPV va IRR tdt ca cac dbng tien cua dp an deu dupe quy ve thbi diem hien
    tai theo ty le chiet khau bang chi phi su dung von binh quan cua dp an
    Cau 4: Khi danh gia cac dp an dau tu xung khac theo phuong phap NPV, chi co toi da 1 dp an dupe lua
    chpn
    Cau 5: Khi tang he so no (cac yeu to khac khong doi) se anh huo^g toi san lupng hoa von trudc thue
    Cau 6: So diem gay cua dudng chi phi can bien luon bang so Ian thay doi chi phi cua cac nguon von rieng
    biet
    Cau 7: Khi tra co tuc bang tien mat se anh hubng tbi kha nang thanh toan tuc thai cua Cong ty.
    Cau 8: Theo phuong phap ket hop, toan bp cac khoan muc ben nguon von trong bang can doi ke toan dp
    kien dupe tinh theo ty le phan tram doanh thu.
    Cau 9: Dong tien tu ban may cu b hien tai dupe tinh vao dbng tien chenh lech khi danh gia dp an thay
    thi
    Cau 10: Doanh nghiep cang vay no cang cb lpi cho chu so huu
    PHAN II: BAI TAP (5 diim)
    Bai 1: 1,5 diem
    Cong ty Quang Minh dp dinh se thay the mot may may cbng nghiep cu. May mbi hien cb gia thi trudng
    la 882 trieu dbng, thbi gian su dung la 7 nam. Dp kien hang nam se dat dupe doanh thu thuan la 500 trieu
    dbng va chi phi hoat dbng (khbng ke khau hao) la 254 trieu. Ngay tu bay gib phai dau tu cho nhu cau
    vbn luu dbng tang them la 100 trieu dbng. Sau 7 nam su dung cb the thanh ly, gia tri thanh ly (sau khi
    tru chi phi) la 40 trieu.
    May cu hien cb gia la 504 trieu dbng (bang gia tri con lai cua may) va neu su dung tiep cb the dem lai
    lpi nhuan trubc thue mbi nam la 72 trieu dbng, trong thbi gian 7 nam. Gia tri thanh ly (sau khi tru chi
    phi) cua may sau 7 nam la 20 trieu dbng
    Yeu cau:
    Dua vao tieu chuan NPV de tu van cho cbng ty cb nen thay may mbi hay khbng.
    Biet runs: Cbng ty dang ap dung phuong phap khau hao binh quan. Thue suat thue TNDN la 20%.
    Chi phi su dung vbn binh quan la 10%/nam.
    Bai 2: 2 diem
    Cong ty Cb phan Son Ha cb co cau ngubn vbn dupe coi la tbi uu gbm:
    Cb phan thubng: 60% va vay no: 40%
    Gia hien hanh mot cb phieu thubng cua Cbng ty la 100.000 dbng/cb phieu. Nam vua qua, Cbng ty tra
    cb tuc la 10.000 <16ng/c6 ph^n va dp kidn ty le tang trubng trong tuong lai 6n dinh b mile 6%/nam.
    Hien Cbng ty dang xem xet de dau tu dp an A: vbn dau tu la 800 trd vbi IRR la 13%
    Cbng ty dp kien ngubn vbn dau tu tu:
    -Lgi nhuan de lai: 405 tridu ddng
    -Vay ngan hang vdi lai suat 12% (Khdng han che so lugng)
    -Phat hanh co phieu thudng mdi, vai chi phi phat hanh bang 5% gia ban.
    Yeu cau
    1.Hay xac dinh didm gay cua dudng chi phi can bien va chi phi su dung von binh quan cua tirng khoang

    von huy dpng?


    2.Theo ban, Cong ty co nen dau tu vao du an tren khong? Vi sao?

    Biit ^^ng: Thud su^t thud TNDN la 20%


    Bai 3_: 1,5 dilm
    Mot Cong ty co phan chuydn san xuat kinh doanh san pham "X" co tai lieu nam N nhu sau:
    -Tong nguon von: 5.000 tridu dong. Trong do: von co phan thuang la 3.000 tridu dong va von vay la

    2.000 tridud (lai sudt 12%/nam).


    -Tong chi phi co dinh (khong kd lai vay): 1.000 tridu dong.
    -Chi phi bidn doi/1 dan vi san pham: 80.000 dong
    -San lugng tidu thu ca nam la: 20.000 san pham. Gia ban dan vi san pham (chua co VAT) la:

    200.000 ddng
    -Thud suit thud TNDN la 20%
    Yeu cau:
    a. Xac dinh rmic do anh hudng cua don bay kinh doanh, don bay tai chinh va don bay tong hgp tai
    muc san lugng nam N va giai thich y nghta cua cac con so vua xac dinh?
    b. Dua vao muc do anh huang cua don bay tong hgp xac dinh d cau a, hay cho bidt ty suat lgi nhuan
    von chu sd huu cua Cong ty ndu san lugng tidu thu tang 10%?

    Ghi chii: SV CHI DlTOC SU* DUNG GIAO TRINH TCDN - HOC VIEN NGAN HANG

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