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WorksheetsMANAJEMEN KEUANGAN 2_Review Week 4 5
Total questions: 25
Worksheet time: 17mins
Berikut adalah definisi dari proyek mutually exclusive?
Proyek yang saling melengkapi satu sama lain
Proyek atau usulan investasi yang saling menggantikan
Dua lebih usulan yang memiliki manfaat yang sama, jika semua layak hanya salah satu yang bisa dilakukan
Proyek tidak berkaitan sama sekali yang artinya ketika semua proyek layak maka bisa dijalankan
Ditinjau dari tingkat ketergantungan usulan proyek investasi, termasuk jenis proyek yang mana, pembangunan hotel dan tempat parkir ?
Substitutes project
Independent project
Mutually exclusive project
Compliment project
The following are things that need to be considered in estimating cash flow. The existence of a new product will have a certain impact on the old product is the meaning of?
Independent
Complement
Opportunity cost
Side effect
Sunk costs are costs that have been incurred and can be transferred, therefore they cannot be considered in making investment decisions.
TRUE
FALSE
Produk baru yang bersifat substitusi atau komplementer terhadap produk lama, selalu menimbulkan efek samping yang buruk terhadap arus kas perusahaan di masa yang akan datang.
TRUE
FALSE
Initial cash out flow is a cash disbursement to finance the project during the planning, construction process until the project is ready to operate.
TRUE
FALSE
incremental cash flows is additional cash flows obtained from difference between cash flow with new investment and cash flow without new investment.
TRUE
FALSE
Pernyataan berikut benar, kecuali?
Jika penjualan mesin baru mengalami kerugian, maka pajak akan bersifat sebagai penambah TCF
Untuk mencari OCF proyek ekspansi menggunakan delta NCF
PBP merupakan metode yang bertumpu pada kecepatan
Arus kas masuk karena penjualan mesin bersifat sebagai pengurang pada ICF
The difference between the OCF of replacement investment and expansion is
The OCF of the new machine must accumulate the difference between the two investment cash flows
The OCF of the new machine must accumulate the difference in net profit of the two investments
The replacement OCF does not have to accumulate the cash flow difference between the two investments
A positive NPV means that the project is expected to add value to the firm and will therefore increase the wealth of the owners. Since our goal is to increase owner wealth, NPV is a direct measure of how well this project will meet our goal. What should we do as firm ?
Accept the project
Reject the project
Thinking first
The method based on the difference between the discounted cash outflows and inflows is an evaluation method called?
NPV
ICF
OCF
NPL
Internal rate of return (IRR)
–Discount rate that makes NPV > 0
–Take the project if the IRR is greater than the required return
–Same decision as NPV with conventional cash flows
–IRR is unreliable with nonconventional cash flows or mutually exclusive projects
TRUE
FALSE
Net present value (NPV) :
–Difference between market value and cost
–Take the project if the NPV is negative
–Has no serious problems
–Preferred decision criterion
TRUE
FALSE
Knowing a return is intuitively appealing, and this method is a simple way to communicate the value of a project to someone who doesn’t know all the estimation details. This statement is an advantage of.......
Payback
Internal Rate of Return
Average Accounting Return
Discounted Payback
Dalam mengevaluasi dua proyek yang besifat mutually exclusive, yaitu proyek A dan B, penggunaan metode NPV dan IRR dapat menghasilkan penilaian yang sama atau berbeda jika:
Jika tingkat diskonto ≥ dari tingkat diskonto yang menghasilkan NPVA = NPVB, maka hasil penilaiannya sama.
Jika tingkat diskonto > dari tingkat diskonto yang menghasilkan NPVA = NPVB, maka hasil penilaiannya berbeda.
Jika tingkat diskonto < dari tingkat diskonto yang menghasilkan NPVA = NPVB, maka hasil penilaiannya berbeda.
Jika tingkat diskonto > dari tingkat diskonto yang menghasilkan NPVA = NPVB, maka hasil penilaiannya berbeda.
Ditinjau dari aspek pengehematan biaya dan kenaikan pendapatan, terdapat usulan investasi yang bersifat meggantikan aset. Usulan seperti ini disebut?
Replacement
Expansion
Growth
Increasing
Two or more investment proposals which has the same benefits, and if all feasible, then not everything can be implemented, but must choose one of the best.
Mutually exclusive project
Independent project
Complement project
Subtitution project
Arus kas pada akhir umur proyek yang berasal dari penjualan nilai sisa mesin baru dan modal kerja disebut
Incremental cash flow
Operational cash flow
Net working capital
Terminal cash flow
Berikut ini adalah metode penilaian kelayakan suatu proyek investasi jangka panjang yang memertimbangkan konsep nilai waktu uang, kecuali:
Internal rate return
Payback period
Average accounting return
Discount Payback
1. Easy to understand
2. Adjusts for uncertainty of later cash flows
3. Includes time value of money
4. Requires an arbitrary cutoff point
5. Biased toward liquidity
Based on the above statement which is the advantage of payback ?
1, 3,and 5
1, 2,and 4
1,3, and 4
All answers are correct
You are reviewing a new project and have estimated the following cash flows:
Year 0: CF = -160,000
Year 1: CF = 65,000
Year 2: CF = 74,000
Year 3: CF = 96,000
Calculate NPV for the Project if your required return for assets of this risk level is 15%
15,597,93
12.987,98
17.785,39
15.973,89
Profitability Index :
- Benefit-cost ratio
- Take investment if PI < 1
- Cannot be used to rank mutually exclusive projects
- May be used to rank projects in the presence of capital rationing
TRUE
FALSE
Internal rate of return (IRR) :
- Discount rate that makes NPV = 0
- Take the project if the IRR is greater than the required return
- Same decision as NPV with conventional cash flows
- IRR is unreliable with nonconventional cash flows or mutually exclusive projects
TRUE
FALSE
Profitability Index (PI), merupakan modifikasi dari metode NPV, yang digunakan dalam penilaian dua atau lebih proyek investasi yang bersifat independen dan memiliki ukuran yang berbeda. Mana yang benar hubungan hasil penelaian NPV dan PI berikut ini:
Jika NPV > 0, maka PI < 1
Jika NPV > 0, maka PI > 1
Jika NPV < 0, maka PI < 1
Jika NPV = 0, maka PI ≠ 1
The assessment of the feasibility of an investment project is based on the relevant cash flows. Which of the following costs is not relevant to be considered in the calculation of cash flows?
Side effect cost
Opportunity cost
Sunk cost
Net working capital
