A Basic Guide for VALUING a Company phần 9 pps

... 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

... 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 ... fifth year, principal and interest payments of $ 29, 892 would cease and become available for additional salary or whatever. Seller’s Potential Cash Benefit Cash Down Payment $ 50,000 Bank F...

Ngày tải lên: 14/08/2014, 04:21

... Liabilities 2001 Industry Median 1.8 .8 107 13 Valuation of a Restaurant The aroma of good food is hard to beat. My uncle built a chain of 90 smorgasbord restaurants. Ray Kroc built McDonald’s. Although both had formal ... Slow-turnover ac- counts merit individual examination for conditions of cause. Cost of Sales Cost of Sales/Payables Ratio ס or Payables 199 8 199 9 2000 6Mo. 2001...

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 ... between 199 8 and 199 9, 37% between 199 9 and 2000, and, in nine months year-to-date in 2001, they have already exceeded all of 2000’s performance. In this light, the $1.5 million 2001 fore...

Ngày tải lên: 14/08/2014, 04:21

... little meaningful information from these ratios applied to smaller businesses. Therefore, these ratios are not included. Balance sheet data necessary for calculating certain ratios for 199 0 and 199 1 are ... 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...

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, ... complete balance sheet comparative ratios. However, we can still do a couple. Gross Profit Ratio for Gross Margin ס or Sales 199 8 199 9 2000 Industry Median 26.7 29. 7 33.0 28.7 This...

Ngày tải lên: 14/08/2014, 04:21

... Capital Ratio ס or Working Capital 199 0 199 1 199 2 2.1 2.6 3.0 Note: Current assets less current liabilities equals working capital. A low ratio may indicate an inefficient use of working capital, ... we 214 Manufacturer with Mail-Order Sales The Valuation Exercise Book Value Method (items for sale only) Total Assets at Year-End December 199 2 $643,657 Total Liabilities 1 19, 4 09 Boo...

Ngày tải lên: 14/08/2014, 04:21

... 41,278 Disadvantage Value $1 49, 024 Subsequently, we can generally draw an assumption that the former value estimate needs to be disadvantaged (reduced) by $1 49, 024 (say $150,000), to accommodate purchase ... years ( 19. 3%) ($2,844) ס $5 49 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. We...

Ngày tải lên: 14/08/2014, 04:21

... value processor also 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 ... hasn’t noticed that Wall Street has a perennial penchant for panic clearly hasn’t been paying attention. Tighten the screws for a few hours, and fear beats greed by a landslide.’’ A...

Ngày tải lên: 14/08/2014, 04:21