第五篇營運資金篇

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第五篇營運資金篇. 第十三章現金、授信政策、及存貨管理. 第十三章現金、授信政策、及存貨管理. 大綱前言持有現金的動機現金預算浮流量管理 (Float Management) 短期有價證券投資公司目標現金餘額之制定授信政策管理存貨管理總結. 13.1 前言. 營運資金管理包括現金管理、授信、應收帳款管理與存貨管理營運資金管理的重要性：涉及公司資金流動性的管理，對公司短期的運作影響至鉅. 13.2 持有現金的動機. 持有現金的動機：交易性動機 - PowerPoint PPT Presentation

Transcript of 第五篇營運資金篇

*
* (Float Management)
*13.1
*13.2
*13.3
* ()
*ABCABC2007

8006001,0001,200
* ()ABCABC20068001,00013.1 ABC
* ()
* ()ABC

20077348331,033
* () = + - = 633 + 800 - 866 = 567ABC2007433600767
*
* ()ABC()75%ABC30ABC10%20072005020013.2 ABC

7307601,1001,070
* ()ABC13.3 ABC

ABCABC2006805013.4 ABC
*13.4 ABC

13.4 ABCABC200ABC200400ABC166-31448040080
*13.4 (Float Management)(Disbursement Float)(Collection Float)
* (Net Float) () () =
*
*13.1
* ()ABCABCABC
*
*
*13.5
*90270
*13.6 () (Baumol-Allais-Tobin, BAT)
*BAT 13.2 BAT
*BAT ()()()BAT13.3 BAT
*BAT ()

FCNCO (Net Cash Outflows)()R
* NCO/C: FC: C: NCO:

C
*(C*)
*13.1 ABC6001,0002%ABC??
*13.1 (1) ABCCNO600FC1,000R2%ABC
*13.1 ()(2) 774,597
*13.7 (Cash on Delivery, COD)
*13.4
*

21030

30102%
*200,000102%196,000(200,000 x 0.98)20200,000204,000196,000 4000 196,000 = 2.04%37.23%
*13.2 41050?
*13.4

4%5010 41050

4038.02%
*:(Open Account)(Commercial Draft)(Trade Acceptance) (Time Draft) (Bankers Acceptance) (Sight Draft)(Conditional Sales Contract)
*()
*5C(Character)(Capacity)(Capital)()(Collateral)(Conditions)1515
* (Collection Policy)
*

0-3030-6060-90901001$100,000$50,00000$150,000100220,00000020,000100310,00010,00010,000030,000...600170,00030,00010,00010,000120,000600210,00020,0000030,000600320,00010,00010,000040,000$1000,000$360,00080,000$30,000$1,470,000
*60$110,000(80,000+30,000)7.48%
*13.8 (1) (2) (3)
* ()(Shortage)(Carrying Costs)
*(Economic Order Quantity Model, EOQ)(Just-in-Time, JIT, Inventory)
* (Economic Order Quantity Model, EOQ)BATEOQ13.5 EOQ
* ()EOQ(Q*) CCPU (Carrying Cost Per Unit)()
* ()EOQ()13.6 EOQ
*
*13.3 EOQABC1,000ABC100600EOQ? ?
*13.3 ABC(T)1,000(CCPU)100(FC)600ABC
*13.3 ()ABC

ABC

ABC
* (Just-in-Time, JIT, Inventory)JIT
*5C()EOQJIT

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