財(cái)務(wù)分析決策法學(xué)習(xí)教案

1、會(huì)計(jì)學(xué)1財(cái)務(wù)財(cái)務(wù)(ciw)分析決策法分析決策法第一頁(yè)，共30頁(yè)。平均單位成本非經(jīng)濟(jì)規(guī)模(gum)經(jīng)濟(jì)規(guī)模產(chǎn)量最優(yōu)規(guī)模第1頁(yè)/共30頁(yè)第二頁(yè)，共30頁(yè)。經(jīng)濟(jì)型收費(fèi)：經(jīng)濟(jì)型收費(fèi)：22.70+0.162D+0.082N 第2頁(yè)/共30頁(yè)第三頁(yè)，共30頁(yè)。500400300200100100 200 300 400白天使用的電量（D）夜間使用(shyng)的電量（N）標(biāo)準(zhǔn)型經(jīng)濟(jì)型D=3*N-225第3頁(yè)/共30頁(yè)第四頁(yè)，共30頁(yè)。每年凈收益 1 2 3 4 5 A 1000 500 400 300 200 100 B 1000 200 200 300 400 400 C 500 50 200 200

2、100 50公司的資金只夠?qū)嵤┮粋€(gè)項(xiàng)目，如果貼現(xiàn)率為10%，那么公司應(yīng)怎樣做出選擇？項(xiàng)目(xingm) 原始投資第4頁(yè)/共30頁(yè)第五頁(yè)，共30頁(yè)。ABCDEFGH123項(xiàng)目A項(xiàng)目B項(xiàng)目C4年貼現(xiàn)因子收益現(xiàn)值收益現(xiàn)值收益現(xiàn)值511,1500454,55200181,825045,45621,21400330,58200165,29200165,29731,331300225,39300225,39200150,26841,4641200136,6400273,2110068,3951,6105110062,09400248,375031,061015001209,2115001094,08600

3、460,35111213收益1209,211094,8460,3514成本100010005001516209,2194,0839,65凈現(xiàn)值合計(jì)現(xiàn)值凈現(xiàn)值第5頁(yè)/共30頁(yè)第六頁(yè)，共30頁(yè)。23項(xiàng)目A項(xiàng)目B項(xiàng)目C4年貼現(xiàn)因子收益現(xiàn)值收益現(xiàn)值收益現(xiàn)值511,1500454,5455200181,81825045,45455621,21400330,5785200165,2893200165,2893731,331300225,3944300225,3944200150,263841,4641200136,6027400273,205410068,30135951,6105110062,09213

4、400248,36855031,046071015001209,21315001094,076600460,3542111213收益1209,2131094,076460,354214成本100010005001516209,213294,07579-39,6458合計(jì)現(xiàn)值凈現(xiàn)值第6頁(yè)/共30頁(yè)第七頁(yè)，共30頁(yè)。第7頁(yè)/共30頁(yè)第八頁(yè)，共30頁(yè)。ABCDEFG123檢驗(yàn)45年份收益60-12001-120071-20001,2-166782-2001,44-139938001,72846310418002,073686811521002,4883284412615002,98598450213

5、78003,5831812231484504,2998171051516IRR20,00?合計(jì)0貼現(xiàn)率收益貼現(xiàn)內(nèi)部收益率計(jì)算第8頁(yè)/共30頁(yè)第九頁(yè)，共30頁(yè)。ABCDEFG123檢驗(yàn)45年份收益60-12001-120071-20001,2-166782-2001,44-139938001,72846310418002,074868,111521002,488843,912615002,986502,31378003,583223,31484504,3104,71516IRR20?合計(jì)-0,33貼現(xiàn)率收益貼現(xiàn)內(nèi)部收益率計(jì)算第9頁(yè)/共30頁(yè)第十頁(yè)，共30頁(yè)。第10頁(yè)/共30頁(yè)第十一頁(yè)，共30頁(yè)。

6、41,000 60,00041,000 60,000第11頁(yè)/共30頁(yè)第十二頁(yè)，共30頁(yè)。ABCDEFGH123設(shè)備年限 售出價(jià)格 資本成本年運(yùn)行成本 總運(yùn)行成本總成本 平均成本 最小成本4（C+E）（F/A）567010000000081500005000050005000550005500092300007000090001400084000420001031500085000150002900011400038000*11410000900004100070000160000400001255000950006000013000022500045000設(shè)備更新第12頁(yè)/共30頁(yè)第十三頁(yè)，

7、共30頁(yè)。ABCDEFGH123設(shè)備年限 售出價(jià)格 資本成本年運(yùn)行成本 總運(yùn)行成本總成本 平均成本 最小成本4（C+E）（F/A）56701000000008150000500005000500055000550009230000700009000140008400042000103150008500015000240001090003633336333,311410000900004100056000146000365001255000950006000010100019600039200設(shè)備更新第13頁(yè)/共30頁(yè)第十四頁(yè)，共30頁(yè)。設(shè)備(shbi)成本-轉(zhuǎn)賣(mài)價(jià)值設(shè)備(shbi)使用的年限F

8、(1+I)N-FI第14頁(yè)/共30頁(yè)第十五頁(yè)，共30頁(yè)。ABCDEF123更新年限售出價(jià)格資本成本貼現(xiàn)因子資本成本貼現(xiàn)4501000000106150000500001,1268250355627,547230000700001,26973464976373,028315000850001,43076878489516,139410000900001,61222607893797,41055000950001,81669669997247,751112更新年限運(yùn)行成本貼現(xiàn)因子運(yùn)行成本貼現(xiàn)貼現(xiàn)的運(yùn)行成本累計(jì)13140010015150001,0615201514710,234710,231629

9、0001,1961474767524,1612234,38173150001,34784891511128,8423363,23184410001,51878989526995,1850358,4195600001,71141046935058,885417,22021更新年限資本成本運(yùn)行成本總成本年平均成本最小平均成本22230000024155627,538744710,2360337,7660337,7625276373,0161812234,3888607,444303,726389516,1257623363,23112879,3537626,4527493797,395955035

10、8,4144155,836038,95*28597247,7519285417,2182664,9536532,99設(shè)備更新第15頁(yè)/共30頁(yè)第十六頁(yè)，共30頁(yè)。ABCDEF123更新年限售出價(jià)格資本成本貼現(xiàn)因子資本成本貼現(xiàn)4501000000106150000500001,1268250355627,538747230000700001,26973464976373,016188315000850001,43076878489516,125769410000900001,61222607893797,395951055000950001,81669669997247,751921112更新年

11、限運(yùn)行成本貼現(xiàn)因子運(yùn)行成本貼現(xiàn)貼現(xiàn)的運(yùn)行成本累計(jì)13140010015150001,0615201514710,2261754710,22617516290001,1961474767524382173150001,34784891511128,8437723363,22577184410001,51878989526995,1756650358,40143195600001,71141046935058,8015585417,202972021更新年限資本成本運(yùn)行成本總成本年平均成本最小平均成本22230000024155627,538744710,2360337,

12、7687460337,7687425276373,0161812234,3888607,3961844303,6980926389516,1257623363,23112879,355837626,4519227493797,3959550358,4144155,79636038,9489936038,9489928597247,7519285417,2182664,951936532,99038設(shè)備更新第16頁(yè)/共30頁(yè)第十七頁(yè)，共30頁(yè)。固定資產(chǎn)(gdngzchn)投資流動(dòng)資產(chǎn)投資第17頁(yè)/共30頁(yè)第十八頁(yè)，共30頁(yè)。前折舊費(fèi)前折舊費(fèi)第18頁(yè)/共30頁(yè)第十九頁(yè)，共30頁(yè)。2000元，流動(dòng)資金元，流動(dòng)資金3000元，若每年的銷售收入為元，若每年的銷售收入為15000元，各項(xiàng)費(fèi)用開(kāi)支為元，各項(xiàng)費(fèi)用開(kāi)支為12500元，折舊率為元，折舊率為20%，無(wú)殘值，無(wú)殘值，稅率稅率(shul)為為50%?；卮鹕厦嫒齻€(gè)問(wèn)題?；卮鹕厦嫒齻€(gè)問(wèn)題。第19頁(yè)/共30頁(yè)第二十頁(yè)，共30頁(yè)。投資總額每期現(xiàn)金(xinjn)收入投資總額每期現(xiàn)金(xinjn)收入（1-稅率）第20頁(yè)/共30頁(yè)第二十一頁(yè)，共30頁(yè)。Nt=1Ct(1+K)tt=1NCt(1+K)t第2