30. If the proposed distribution center were financed 40 percent by debt, the accounting income (in BRL thousands) for the first year would be closest to:
A. 10,125.
B. 10,635.
C. 10,680.
答案是这样给的：The accounting income is calculated considering the cost of interest (1/2 x 30,000 x 8.5% YTM on long-term debt = 1,275) as follows:
Year 1
Sales revenues 50,000
Less annual operating costs (30,000) Less depreciation expense (1,000) Less interest expense
Operating income before tax 17,725
(1,275)
Less taxes on operating income @ 40%7,090 Accounting income 10,635
我想问的是：为什么算YTM时，是用1/2去乘，而不是40%的这个比例呢？ |
发表于 2013-9-9 01:15
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