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8/12/2019 Mankeu Kelompok Nilai Waktu Uang

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BAB 4 Nilai Waktu Uang

1. What will a deposit of $4,500 at 10% compounded semiannually be worth ifleft in the bank for six years?

Answer :

FV = PV [FVIFi,n]

FV = $4,500 [FVIF5%,12] = $4,500 (1.7959) = $8,081.55

2. What will a deposit of $4,500 at 7% annual interest be worth if left in thebank for nine years?

Answer :

FV = PV [FVIFi,n]

FV = $4,500 [FVIF7%,9] = $4,500 (1.8385) = $8,273.25

BAB 5 Analisis Rasio Keuangan

1. Of the Company Balance HASAN234 unknown- Shares of USD 420 million- Retained earnings of Rp 145 million- Cash 25,000,000 USD- Accounts Receivable Rp 75.000.000- Merchandise Rp 200,000,000- Machines Rp 250 million- Building Rp 350 million- Land Rp 100,000,000- Operating Income IDR 300,000,000- Sales of Rp 2,000,000,000- Cost of Goods Sold Rp 1,000,000,000

- Net Profit of Rp 146 millionCompute:a. Ratio of Operating Income to Total Activityb. Turnover Total Assetsc. Gross Margin Ratiod. Net Margin Ratioe. Operating Margin Ratiof. Own capital profitability


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Answer:a. Ratio of Operating Income to Total Activity = Operating Income / Total Assets

= 300.000 / 1 billion= 30%= 0.3 x

Meaning: Every $ 1 Total Assets, Operating Income generating Rp 0.3

b. Total Asset Turnover = Sales / Total Assets= 2000000000/1000000000= 2x

(Ie Total Assets have been used to increase sales efficiency by 2x)

c. Gross Margin Ratio = Gross Profit / Sales= (2.000.000.000-1.000.000.000) / 2,000,000,000= 1 billion / 2 billion= 50%

This means that the Company can achieve 50% gross profit from sales

d. Net Margin Ratio = Net Income / Sales= 146 million / 2 billion=. 7.3% = 0.07

That is $ 1 sale meenghasilkan net profit of Rp 12:07

e. Operating Margin Ratio = Operating Income / Sales= 300 million / 2 billion= 1.5% = 0:15

This means that every $ 1 sales generate USD 12:15

f. Profitability own capital = Net Income / Equity Self= 146 000 000/565 000 000= 25.84%= 0.2584

This means that $ 1 of their own produce net profit of 0.2584

2. Suppose Walker-Wilson issued preferred stock which required pament of dividendsof $12,000 per year and had to make annual payments of principal on its various

debt obligations of $42,000 per year. To the denominator, we shall add the two

additional items on a before-tax basis. We divide each by ( 1T ) because neither is

a tax-deductible expense. Hence, the firm must have enough cash flow so that it canmeet all cash flow obligations after taxes are paid.

( )

( )


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BAB 6 Dana Eksternal yang dibutuhkan

PT ABC has external funding amounting to 58,75in 2011,sales of the PT ABCamounted to150 (in billions of dollars). PT ABC intends toincrease its sales in

2012 amounted to 375 (in billions of dollars) calculate the percentage of externalfunds in PT ABC!!!

Answered:

Eksternal Funding = (EFR)= 375 (in billions of dollars)

= 150 (in billions of dollars) PEFR =

=

x 100% = 26,11 %

companies need external funding for from the increase in sales is 26,11 %.

BAB 7 Analisis Titik Impas

In ameeting, Finance Manager MayoraIndahobtainthe followinginformation:

the number of production: 25.000 units totalvariable costs: Rp 500.000.000 general expensesandAdministrative Expenses: Rp 150.000.000 Selling Price / units = Rp 35.000

Due to rising food prices, the company was forced to raise beautiful Mayora

production costs and general administrative expenses, respectively 25% and 10%.how many new sales price if the quantity of the breakeven point is maintainedas

before the occurrence of raising food prices?

Variabel Costs / units = Rp 500.000.000 / 25.000 units = Rp 20.000

Fixed Costs = general expensesandAdministrative Expenses: Rp 150.000.000

Q BEP =

New Variabel Costs /units = ( 1+25%) x Rp 20.000 = Rp 25.000

New Fixed Costs = (1+10%)xRp 150.000.000 = Rp 165.000.000

165.000.000 = 10.000 p 250.000.000

10.000p = 415.000.000


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P = Rp 41.500

Selling Priceunitsafterrising food priceswithout changingthe breakeven pointis =Rp 41.500

BAB 8 Working Capital

Gibson Inc, is considering a working capital policy suggestion. Fix assetsamount is 150 USD. The company want to keep debt ratio as much as 40%,interest rate 9% for long term and short term liabilities, tax rate 40%. There arethree suggestion of current assets amount which are 30%, 40% and 50% by thesales. The company want to have 14% profit margin by the 750 USD of sales.Count the ROE on each suggestion!

These are trial balance of Alpha Industries Inc, and Harrington Inc, on

December 31 2009:


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Earning before interest and tax for both company is 90.000 USD and interest rateis 40%.

How much is the ROE of both company if interest rate of short term liabilities is

11% and long term liabilities is 14%?

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