银符考试题库B12
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试卷总分:100.0
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时间(年末) | 1 | 2 | 3 | 4 | 5 | 6 |
支付租金 | 150 | 150 | 150 | 150 | 150 | 150 |
租赁内含利率 | 7.85% | 7.85% | 7.85% | 7.85% | 7.85% | 7.85% |
支付利息 | 54.95 | 47.49 | 39.44 | 30.76 | 21.40 | 10.96 |
归还本金 | 95.05 | 102.51 | 110.56 | 119.24 | 128.60 | 139.04 |
未还本金 | 604.95 | 502.44 | 391.88 | 272.64 | 144.04 | 5 |
年末 | 1 | 2 | 3 | 4 | 5 | 6 |
每年租金 | 150 | 150 | 150 | 150 | 150 | 150 |
每年利息抵税 | 10.99 | 9.49 | 7.89 | 6.15 | 4.28 | 2.19 |
租赁期税后现金流量 | 139.01 | 140.50 | 142.11 | 143.85 | 145.72 | 147.81 |
租赁期税后现金流量现值 | 139.01(P/F,5%,1)+140.5(P/F,%,2)+142.11(P/F,5%,3)+ 143.85(P/F,5%,4)+145.72(P/F,5%,5)+147.81(P/F,5%,6) =725.38 | |||||
项 目 | 0年 | 1—4年 | 5年 |
购置设备 | -900000 | ||
流动资金投资 | -145822 | ||
营业收入 | 20x | 20x | |
变动付现成本 | 12x | 12x | |
固定付现成本 | 500000 | 500000 | |
折旧费 | 180000 | 180000 | |
税前利润 | 8x—680000 | 8x—680000 | |
净利润 | 4.8x—408000 | 4.8x—408000 | |
折旧费 | 180000 | 180000 | |
回收额 | 145822 | ||
净现金流量 | -1045822 | 4.8x—228000 | 4.8x-228000+145822 |
年度 | 支付额 | 利息 | 本金偿还额 | 贷款余额 |
1 | 56.40 | 200×5%=10 | 56.40-10=46.40 | 200-46.40=153.60 |
2 | 56.40 | 153.6×5%=7.68 | 56.40-7.68=48.72 | 153.6-48.72=104.88 |
3 | 56.40 | 104.88×5%=5.24 | 56.40-5.24=51.16 | 104.88-51.16=53.72 |
4 | 56.40 | 56.40-53.72=2.68 | 53.72 | 0 |
项目 | 1 | 2 | 3 | 4 |
销售收入 | 500 | 500 | 500 | 500 |
付现成本 | 200 | 200 | 200 | 200 |
计提折旧 | 250 | 125 | 50 | 50 |
税前经营利润 | 50 | 175 | 250 | 250 |
税后经营利润 | 50×(1-40%) =30 |
175×(1-40%) =105 |
250×(1-40%) =150 |
250×(1-40%) =150 |
回收残值 | 25 | |||
实体现金流量 | 280 | 230 | 200 | 225 |
税后利息支出 | 10×(1-40%) =6 |
7.68×(1-40%) =4.61 |
5.24×(1-40%) =3.14 |
2.68×(1-40%) -1.61 |
还本支出 | 46.40 | 48.72 | 51.16 | 53.72 |
股权现金流量 | 280-6-46.40 =227.60 |
230-4.61-48.72 =176.67 |
200-3.14-51.16 =145.70 |
225-1.61-53.72 =169.67 |