A Basic Guide for VALUING a Company phần 6 pot

... 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 ... the small- company transaction. ‘Fair market value’ (FMV) is not designed with any particular in- dividual in mind, nor the ‘real’ transaction for that matter. FMV is a hypothetical value...

Ngày tải lên: 14/08/2014, 04:21

... 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 ... wise to calculate the new equation of debt and salary into several past years’ actual cash flow. Are several past years’ performances adequately consistent with the sample year used, and has there...

Ngày tải lên: 14/08/2014, 04:21

... 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 hypothetical case ... 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...

Ngày tải lên: 14/08/2014, 04:21

... individual examination for conditions of cause. Cost of Sales Cost of Sales/Payables Ratio ס or Payables 1998 1999 2000 6Mo. 2001 Industry Median 5.9 4.8 6. 6 4 .6 7.3 96 Small Manufacturer Valuation Total ... than the values they hold in these hard assets. We knew from initial review of the balance and income statements that this plastics manufacturer had an added overall intangible va...

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 ... have a serious pr oblem with financing because total assets less liabilities equal $66 7,481, and we know that banks want ‘‘collateral’’ to make loans. We also know that banks don’t like 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

... $ 169 , 069 divided by asking price $63 5,000 equals 26. 6%. 2. At least 10% sales growth per year being realized. a. Flat sales exacerbated by flat forecast. 3. Down payment is approximately the amount ... 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...

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 ... of valu- ation—this allusion to financial analysis will suffice. 2 26 Wholesale Distributor At this stage, for purposes of the next calculation, we must separate average accounts receiv...

Ngày tải lên: 14/08/2014, 04:21

... 3,450 3,252 7,707 Wages 17,832 23,331 17,895 Floor-Plan Int. 19,107 19,434 16, 671 Shop Supplies 6, 420 6, 288 10 ,68 6 Taxes—Real Est. 3,351 6, 660 6, 660 Taxes—Payroll 5,517 6, 999 3 ,66 9 Telephone 3,729 ... Previous $4 16, 000 Debt $ 26, 699 ($517,000 מ$251,000 ס $ 266 ,000) Total P&I Payments $ 86, 020 The scenario that led us to estimate value at $892,000 contained total P&...

Ngày tải lên: 14/08/2014, 04:21

... year. The Valuation Exercise Book Value Method Total Assets at Year-End 2001 $ 61 6,485 Total Liabilities 3 56, 163 Book Value at Year-End 2001 $ 260 ,322 Valuation of a Marina 279 ing these margins ... 30,000 Included Accumulated Deprec. מ148,242 N /A Total Assets $ 61 6,485 $ 62 9,8 96 Total Liabilities $מ3 56, 163 $מ3 56, 163 $ 260 ,322 Adjusted Book Value at 2001 $ 273,733 Weigh...

Ngày tải lên: 14/08/2014, 04:21