公司理财第十章.pptxVIP

Chapter 10 Making Capital Investment Decisions;Key Concepts and Skills;Chapter Outline;Relevant Cash Flows;Asking the Right Question;Common Types of Cash Flows;Pro Forma Statements and Cash Flow;Table 10.1 Pro Forma Income Statement;Table 10.2 Projected Capital Requirements;Table 10.5 Projected Total Cash Flows;Making The Decision;?Danielles is a furniture store that is considering adding appliances to its offerings. Which of the following should be considered incremental cash flows of this project?I. utilizing the credit offered by a supplier to purchase the appliance inventoryII. benefiting from increased furniture sales to appliance customersIII. borrowing money from a bank to fund the appliance projectIV. purchasing parts for inventory to handle any appliance repairs that might be necessary?A.?I and II only B.?III and IV onlyC.?I, II, and IV only D.?II, III, and IV only ;Which of the following should be included in the analysis of a new product?I. money already spent for research and development of the new productII. reduction in sales for a current product once the new product is introducedIII. increase in accounts receivable needed to finance sales of the new productIV. market value of a machine owned by the firm which will be used to produce the new product?A.?I and III only B.?II and IV onlyC.?I, II, and III only D.?II, III, and IV onlyE.?I, II, III, and IV ;All of the following are related to a proposed project. Which of these should be included in the cash flow at time zero?I. purchase of $1,400 of parts inventory needed to support the projectII. loan of $125,000 used to finance the projectIII. depreciation tax shield of $1,100IV. $6,500 of equipment needed to commence the project?A.?I and II only B.?I and IV onlyC.?II and IV only D.?I, II, and IV onlyE.?I, II, III, and IV ;More on NWC;Depreciation;Computing Depreciation;After-tax Salvage;Example: Depreciation and After-tax Salvage;Example: Straig