Finance ope

Question 1

Working K

-calculation

Answer 1

• from top of BS= stable R - Stable assets

- from bottom = (current assets + cash a) - (current lya + cash lya)

Question 2

operating w K requirement

-calculation

Answer 2

op curent as - op current lia

Question 3

WC

• what
• goal
• why
• calculation 2

Answer 3

• part of SR (stable ressource) use to finance operating assets
• SA must finance SR
• financial security margin
• SR - SA or assets - lyability

Question 4

Operating WC require-t

• sens
• calcul

Answer 4

-operating finance-l need not finance by opera-g debt

=op c assets - op c lyabilities

Question 5

Treasury

-calcul 2

Answer 5

=WC - WCrequ

=cash assets - cash lyabilities

Question 6

Construire operation-l balance sheet avec balance sheet

-financial

Answer 6

-invest-t + other assets

Question 7

Construire operation-l balance sheet

• stable assets
• current assets 2

Answer 7

• intangible, tangible, financial

- operating + non operating + cash assets

Question 8

current assets

-operating

Answer 8

-inventory, down payment= accompte, prepaid charge

Question 9

current assets

-non operating

Answer 9

-account receivable, marketable securities = valeur immo

Question 10

Construire operation-l balance sheet

-stable ressources 4

Answer 10

• stockholders equity
• provision for lyabilitys and charge
• amortissment and provision from assets
• financial lyabilities

Question 11

Construire operation-l balance sheet
Current lyabilities
-Operating

Answer 11

• down payment receive
• debt to supplier
• tax and employee
• other debt
• deferred revenue

Question 12

Construire operation-l balance sheet
Current lyabilities
-cash

Answer 12

• bank account overdraft =concour banq-r courant

- bank credit balance

Question 13

CAV
-translate
IRR
-translate
-calcul interpretation lineaire
*choix de t
*produit en croix
*taux final

Answer 13

-current asset value
-tir= tx intern de rentab-t
- (-C)+R1 (1+t%)^-1+…Rn et ^-n
*Objectif: avoir un resultat negatif un positif pour etre proche de zero ou 0,5 entre les deux taux, tester avec 15 et 18
*cumul absolu des 2 resultats * difference des 2 t
*resultat prod croix + plus petit t
=dif tx X CAV tx + bas / var en basolu ) + txbas

Question 14

DDR

• sens
• calcul
• taux linear: calcul
• conclusion
• exemple 5ans

Answer 14

-declining depreciation rate
-(100/ used period) * coef
used period:
-100/5= 20%
-prendre le tx le plus fort
-linear A1 /5, A2 / 4 ; DDR stable A1 / 5 A2 / 4

Question 15

Net cash flow

-tableau à partir de l’investi-t et cash flows

Answer 15

année 0 = - investi-t
année 1 = cash flow
An = cash flow n

Question 16

Profitablity rate

-calcul

Answer 16

-result / investment

Question 17

Economic Rate of Return

-calcul

Answer 17

Operating Profit / Capital Invested

Question 18

Financial Rate of Return =

-calcul

Answer 18

-Net Income / Shareholder’s Equity

Question 19

ROI

-calcul

Answer 19

=discount net cash flow / investment

Question 20

Op balance sheet

assets 3

Answer 20

• current assets
• stable assets
• cash