A Basic Guide for VALUING a Company phần 4 docx

... comparability? Comparable value is an appraisal term, and I maintain that business valuators are not really a part of that fine organization called the appraisal society. True, business valuators ... because facilities are as necessary to the operational function as are equipment and other hard assets. However, one should always ap- praise real estate as a stand-alone value, because it can...

Ngày tải lên: 14/08/2014, 04:21

... several past years’ actual cash flow. Are several past years’ performances adequately consistent with the sample year used, and has there been adequate cash to accommodate any down year? What’s ... ratios, and compare applicants with industry stan- dard performances. Larger commercial banks have wonderfully arrayed comparable data banks, and, of course, they also have reams of internal case .....

Ngày tải lên: 14/08/2014, 04:21

... so. Many pro- fessionals requir e ‘‘advances’’ against futur e work. These also may not appear on the balance sheet and may be accounted for on infor mal doc- uments that ar e maintained separately ... understand basic accounting and 60 Valuation Techniques the valuation of cash streams. And payback is the measurement criteria for value and pricing overall. Having completed our hypothet...

Ngày tải lên: 14/08/2014, 04:21

... of Earnings $ 116, 346 106 Small Manufacturer Valuation Earnings Addition 2002 251, 842 24, 410 2003 276,252 24, 410 20 04 300,662 24, 410 2005 325,072 24, 410 2006 349 ,48 2 24, 410 Assuming that we had ... 181, 946 $ 1 74, 948 2002 1 74, 890 161,179 149 ,019 2003 159,868 141 ,44 3 125, 741 20 04 144 ,995 123,172 105,270 Plus 783,8 34 532,687 379,389 Estimated Value $1 ,45 3,1 14 $1,...

Ngày tải lên: 14/08/2014, 04:21

... Installers are paid a combination of base wage and piece rate. Seamstresses are paid by piece rate only. Two decorators were employed and paid in a combination of base salary plus commissions paid ... ex- ists. Seasonality, waxing and waning within lines, makes straightforward forecasting of sales and cost of goods sold inappropriate for major items of sale. Inventories are more apt to...

Ngày tải lên: 14/08/2014, 04:21

... analysis. Also, in making this assumption, we would not ordinarily calculate a weighted average cash stream. Ratio Study Financial experts will not always agree as to which ratios are particularly germane ... little meaningful information from these ratios applied to smaller businesses. Therefore, these ratios are not included. Balance sheet data necessary for calculating certain ratios...

Ngày tải lên: 14/08/2014, 04:21

... It’s all in the economics of supply and demand andsupply and demand are always major ingredients in es- timating business value. Financial Analysis 191 Ratios for net profit, before and after taxes, ... cash flows of substance and, usually, above average personal earnings capacities. As we approach the $200,000 down payment mark, we begin to tap buyers of a mor e sophis- ticated category. G...

Ngày tải lên: 14/08/2014, 04:21

... high-quality main- sails, headsails, and spinnakers, the company manufactures six items of boat hardware and two lines of winches. The business has been in opera- tion for nearly 60 years and has had ... reconstruction translates into the need for added working cap- ital by a buyer. In our case, accounts payable exceed accounts r eceivable by $42 ,45 4 and predict an additional deplet...

Ngày tải lên: 14/08/2014, 04:21

... 41 ,278 Disadvantage Value $ 149 ,0 24 Subsequently, we can generally draw an assumption that the former value estimate needs to be disadvantaged (reduced) by $ 149 ,0 24 (say $150,000), to accommodate purchase ... years (19.3%) ($2, 844 ) ס $ 549 per month at 10 years Using an ‘‘Equal Monthly Loan Amortization Payment’’ table, locate the page containing 10%, and 5 years, and then 10 years...

Ngày tải lên: 14/08/2014, 04:21

... possesses intimate marketplace awareness, these estimates for fair mar- ket value can quickly become ruled by the numbers game. As a rather too *Alchemy A medieval chemical science and speculative philosophy ... 51 for mail-order companies, 2 14, 219 for marinas, 243 , 281, 288 reconstructing balance sheets in, 213 for restaurants, 112, 123 for retail businesses, 148 , 157, 166,...

Ngày tải lên: 14/08/2014, 04:21