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, - , , , - , - , - , - . , ( - ) , .
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, - - . - , , - . :
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1 2 3 4
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107 000 103 000 97 000 93 000
640 000 320 000 320 000 320 000
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, 694 000 371 000 369 000 366 000
:
1 : .54 1 : .30 1 : .32 1 : .33
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3- $4 500 000 $4 750 000 $4 800 000
2 500 000 2 000 000 1 750 000
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- . — , , , :
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, , . , , , , . - , , - .
5.3.
9 500 000
35%
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750 000 $7 857 000
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5.4. « »
$2 300 000 $2 700 000
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$1 000 000 $1 200 000
$1 818 000 $2 182 000
$265 000 $285 000
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. - , . , - . :
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Tile Company Spanish Tile Company - . - , , , - . , , . Iberian
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Spanish Tile .
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BBIC, , - . , , 20%. , , , BBIC , .
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. - . , . 5.8.
5.8.
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–$154 000
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180 000 200 000 90
450 000 45
850 000 4
450 000 30
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$55 000 + $180 000
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=
= $235 000
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- 365 . - :
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, Flexo Paneling Company, , . 318 000 ., — 383 000 . 625 000 .
-
, :
(318 000 . – – 383 000 . ) / 2
(625 000 . × 6) / 365 =
= 350 500 .
10 274 . = 34,1 .
, , — . , 30 , 34,1 .
; , , , . - . - , , - . , , , , - .
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120
. , , - . :
365 , - . - ; , 43 , 8,5 , . :
365 /
5.10.
$4 075 000
$1 550 000
$388 000
$815 000
:
815 000 . = 5 .
, 365 :
365 / 4 075 000 .
815 000 .
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-
. - , , , , - . , , , - , .
- 360 . -
, . , ; , - , . , , . :
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, Drain-Away Toilet Company 145 000 . - 157 000 . , - 2 400 000 .,
600 000 . 50 000 . . - , - :
( +
=
(145 000 . + 157 000 . ) / 2
=
= 157 000 . 1 750 000 . / 360
= 31 .
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. - , - .
, , - . , , , . :
+ + +
, Huff-Puff Shed Company, , 100 , -, - 2,5:1. . 5.11.
5.11.
$418 000
$2 364 000
$985 000
3 : 1
.6 : 1
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. , , , - , , , .
, -
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- . — , - (, -
). , , - - . :
5.12.
17 000 17 250 17 500
2500 2500 2500
103 000 84 750 67 000 2,3 2,0 1,6
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CBC -- .
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. , , , . :
+
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, Egyptian Antiques Company , , . , , 135 000 . , - 18 500 . 34%. -
59 000 . , , :
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18 500 . + 59 000 .
(1 – 34% )
107 000 . = 125%
, , - .
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, . . .
. , ,
. , , ; ,
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, Southern Sheet Metal, . - 3 . . , . 5.13.
5.13.
$3 070 000
215 000 —
461 000 90
, :
=
$215 000
$2 923 000 = 7,4%.
- , , . ,
, , . - 60 45 , 384 000 . , 90 60 , 309 000 . 280 000 . , . - 8,1%,
:
= $215 000 ($2 923 000 – $280 000)
= 8,1%.
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127
, - . , , , , . - , , , - . , ,
. .
, - , - . :
, - , Lounger Chairs Furniture Company, . 1 000 000 . , 400 000 . ,
600 000 . - . , , 300 000 ., 8% - . . 5.14, , .
5.14.
$5 000 000 $5 000 000
4 850 000 4 850 000
— 24 000
150 000 126 000
1 000 000 700 000 15% 18%
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. , , - . - , , , .
(Economic Value Added)
- . -, - , .
, . , , . - , , - .
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. :
1. . , , . - . , - , ; , - .
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129
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2. . , , ( ). ,
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3. . ; , , . . 9 « ».
:
, Miraflores Manufacturing Company , . , , . 5.15, , 13,7%.
-
, . 5.16. -, , GAAP, .
5.15.
$2 500 000 8,5%
$4 250 000 12,5%
$8 000 000 16,0% $14 750 000 13,7%
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$8 250 000
675 000
$100 000
380 000
$420 000
2 080 000
125 000 225 000
$3 115 000
, - , 13,5% ( , ). , , - :
( ) × ( – ) =
= (3 115 000 . ) × (13,5% – – 13,7% ) =
= 3 115 000 . × –0,2% =
= – 6230 . .
, , , .
, . , , , , , . , - , , , -
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. , .
- (earnings per share, EPS). , , - . , , - , , , ; - . , , ,
, . :
, - Illinois Gas Distribution Company, - . ,
4,00 . , . , . 5.17.
5.17.
15 430 000
(goodwill) 7 000 000
3 500 000
4 000 000
5 450 000
- 15 430 000 , 7 000 000 . «», 3 500 000 . - 4 000 000 ., . - . - 3
750 000 . . 34 180 000 . -
, - :
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= 4,00 .
34 180 000 . / 5 450 000 =
= 64% .
, - . , , . , -
- .
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. , ; , .
. , , - . , , , - . , .
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,
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, - , , - .
. «» , , , . :
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, «/- »:
32,87 .
(8 500 000 . / 3 875 000 =
= 15 : 1 «/».
$32,87
8 500 000
2 250 000
«/» - . , 1,61 . «/», 20 : 1, . , - .
, , . , , ( ) - , , , . - . , 120 - .
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*
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6
* 25 Accounting Reference Desktop by Bragg (John
Wiley & Sons, 2002).
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, - , - . *:
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(John Wiley & Sons, 1999), pp. 132–134.
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