Change credit terms financial management?

① Financial management. When the credit terms are "2/10, n, 30", if the enterprise gives up the cash discount and pays on the 30th day, its opportunity cost is

Opportunity cost = [Discount percentage ÷ (1-Discount Percent)]×[360÷(credit period-discount period version)]

=[2÷(1-2)]×[360÷(30-10)]

=2.0408×18

=36.73

The answer is A.

② Solve a financial management calculation problem, thank you!

Credit cost of accounts receivable under current conditions = 2400/360×40×60×15 2400×1 10=580,000 yuan

Accounts receivable under changed credit conditions Credit cost of loan=-2400×10×(1-60) 2400×(1 10)/360×60×60×15 2400×(1 10)×2 15=114,000 yuan

The credit period should be extended

③ Financial management operations 1. The company’s receivables are 1 million yuan, the credit terms are “3/10, 2/15, n/30”, and the company is in the 1st

1. 100*(1-2)=980,000 yuan

2. The internal rate of return is between 15-18 and can only be 17

④ A question on financial management and commercial credit costs, the credit conditions are 2/10, n/30. Payment is made on the 11th day.

The first question of question 12 should be calculated based on 360/(11-10). The enterprise gives up the cash discount and does not enjoy free credit. The business cost is the highest.

Although the commercial cost of payment on the 50th day may seem low on the surface, it damages the reputation of the company. You may have to pay to pick up the goods in the future, and there will be no commercial credit at all.

Annual percentage interest rate of commercial credit cost = discount rate / (1 - discount rate) × 360 / (total term - discount term) × 100

Personal opinion, for reference only.

⑤ Urgent financial management questions! ! ! A company is preparing to purchase a batch of materials worth 100,000 yuan. The credit terms provided by the sales unit are "3/'10, n/60"

3/10 means payment within 10 days and enjoy 3 Cash discount, n/60 means that payment within 60 days does not enjoy cash discount.

(1) If the company pays on the 10th day, the actual payment amount is 100,000*97=97,000 yuan

(2) If the company pays on the 40th and 60th days Payment is made on 10 days, and the actual payment amount is 100,000.

⑥ What is the meaning and content of credit policy in financial management

Meaning:

Credit policy refers to the planning and control of accounts receivable by an enterprise The established basic principles and behavioral norms are an important part of corporate financial policies.

Content:

Credit policy mainly includes three parts: credit standards, credit period, and cash discounts. Its main function is to adjust the level and quality of corporate accounts receivable.

1. Credit standards

Credit standards refer to the conditions that customers should meet to obtain business credit. If a customer fails to meet credit standards, he or she cannot enjoy the company's credit or can only enjoy lower credit benefits.

Credit analysis

When companies set the credit standards of a certain customer, they often first need to evaluate the possibility of his defaulting on his debt. This can be done through the "Five Cs" system.

The so-called "Five C" system is to evaluate the five aspects of customer credit quality, namely:

(1) Quality (character) refers to the customer's creditworthiness, that is, the performance of debt repayments. The possibility of obligations;

(2) Capacity refers to the customer’s solvency, that is, the quantity and quality of its current assets and the ratio to its current liabilities;

(3) Capital (capital) refers to the financial strength and financial status of the customer, indicating the background in which the customer may repay the debt;

(4) Collateral (collateral) refers to the time when the customer pays or is unable to pay. Assets that can be used as collateral;

(5) Condition refers to the economic environment that may affect the customer's ability to pay.

2. Credit period

The credit period is the time that the company allows customers from purchase to payment, or the payment period that the company gives to customers. For example, if a company allows customers to pay within 50 days of purchase, the credit period is 50 days. If the credit period is too short, it will not be enough to attract customers, which will lead to a decrease in sales in the competition; if the credit period is longer, it will be beneficial to increase sales, but if you only consider sales growth and blindly try to extend the credit period, the income gained will sometimes be increased. expenses may be offset, even resulting in a reduction in profits. Therefore, companies must carefully study and determine an appropriate credit period.

The determination of the credit period mainly involves analyzing the impact of changing the current credit period on income and costs. Extending the credit period will increase sales, which will have a beneficial impact; at the same time, the opportunity cost of accounts receivable, management costs and bad debt losses will increase, which will have an adverse impact. When the former is greater than the latter, the credit period can be extended, otherwise it should not be extended. The opposite is true if the credit period is shortened.

The calculation formula for the opportunity cost of accounts receivable is as follows:

Opportunity cost of accounts receivable = funds occupied by accounts receivable * capital cost rate

Funds occupied by accounts receivable = average balance of accounts receivable * variable cost rate

Average balance of accounts receivable = daily sales * average cash collection period

3. Cash discount

Cash discounts are deductions made by companies from the price of goods to customers. The main purpose of providing this kind of price discount to customers is to attract customers to pay in advance to enjoy the discount and shorten the company's average collection period. In addition, cash discounts can also attract some customers who regard discounts as sales, thereby increasing sales.

Cash discounts are often expressed in the form of "5/10? 3/20? n/30". 5/10 means payment within 10 days, and you can enjoy a price discount of 5, that is, you only need to pay the original price. of 95. If the original price is 10,000 yuan, you only need to pay 9,500 yuan. 3/20 means that if you pay within 10 days to 20 days, you can enjoy a price discount of 3, that is, you only need to pay 97 of the original price. If the original price is 10,000 yuan, you only need to pay 9,700 yuan. n/30 means that the deadline for payment is 30 days. There is no discount for payment at this time, that is, the full price is paid.

⑦ Financial management, what does the credit condition "2/10, n/30" mean?

If the purchasing unit pays within 10 days, the payment can be reduced by 2; the entire payment must be within Pay in full within 30 days.

⑧ Decision-making on credit conditions in financial management: Why does the increase in accounts payable lead to a decrease in accrued interest, such as the balance of accounts payable under the original credit policy?

Your understanding is wrong.

In actual business dealings, accounts payable and receivable are both interest-free, but there are regulations on the account period, that is, the number of days within which payment must be made. This period is important for For accounts payable, it is the savings on interest. Because if a company borrows money from a bank, it must pay interest. However, for the accounts payable of another company, you occupy his money (that is, you do not pay him), but you do not need to pay him interest. (Within the specified period), so for accounts payable, interest is saved.

But for accounts receivable, interest is increased. Because if the money was recovered immediately and deposited in the bank, the bank would give me interest, but I did not recover it, so I suffered an interest loss.

⑨ Financial management: What are the costs you face by granting credit conditions to the other party?

l Choice of credit policy

1. Benefits (extended credit period) Revenue) - increase in contribution margin

Increase in revenue

= Increase in sales × contribution margin per unit

= Increase in sales × (unit price - unit Variable costs) Increase in contribution margin

Tips: If the relevant range of fixed costs is exceeded, the increase in fixed costs needs to be considered. When calculating pre-tax income from credit costs, the increased fixed costs need to be deducted. If production capacity is insufficient and fixed assets need to be added, the cost of the fixed assets will be added to the increased cost

2. Opportunity cost of accounts receivable

Accounts receivable occupy funds Accrued interest = funds occupied by accounts receivable × capital cost

Funds occupied by accounts receivable = average balance of accounts receivable × variable cost rate

Average balance of accounts receivable = Daily sales × average cash collection period

Accrued interest on funds occupied by accounts receivable = Daily sales × average cash collection period × variable cost rate × capital cost

Tips 2. Determination of the average cash collection period (turnover days): If the average cash collection period is not given in the question, if there are no cash discount conditions, the credit period will be used as the average cash collection period; if there are cash discount conditions, Then use the weighted average as the average collection days.

Tips: Determination of 3-day sales: Divide annual credit sales before cash discounts by the number of days in a year. That is, the cash discount factor is not considered.

4. Bad debt costs

Accounts receivable are generated based on commercial credit, and there is a possibility that they cannot be recovered, resulting in losses to the enterprise holding the accounts receivable. , which is the cost of bad debts.

Bad debt cost = credit sales × estimated bad debt loss rate

5. Increase in accrued interest on funds occupied by inventory

Increase in accrued interest on funds occupied by inventory = increase in inventory Volume Decrease in interest = increase in average balance of accounts payable × cost of funds

⑩ Financial management-calculation questions-seeking answers! ! !

Do you have the answer now?