【正文】 ................................................ 2 ................................................................................................................................ 2 ............................................................................................................................ 2 三、杠桿 ......................................................................................................................................................... 2 （ DOL） .......................................................................................................................... 2 （ DFL） .......................................................................................................................... 3 （ DTL） .............................................................................................................................. 3 (DTL) .................................................................................................................................. 3 四、資本結(jié)構(gòu)優(yōu)化 ......................................................................................................................................... 3 五、投資項(xiàng)目財務(wù)評價 ................................................................................................................................ 4 六、內(nèi)含報酬率（內(nèi)插法） ........................................................................................................................ 4 七、回收期 ..................................................................................................................................................... 4 ............................................................................................................................................. 4 ............................................................................................................................................. 5 八、固定資產(chǎn)更新決策 ................................................................................................................................ 5 1．替換重置方案 —— 繼續(xù)使用舊設(shè)備 ................................................................................................. 5 ２ .替換重置方案 —— 新設(shè)備 .................................................................................................................. 6 九、債券投資 ................................................................................................................................................. 6 （固定利率、每期支付利息、到期歸還本金的債券） ................................ 6 ２ .債券投資的收益率（ R） .................................................................................................................... 6 十、股票投資 ................................................................................................................................................. 7 ............................................................................................................................................. 7 ................................................................................................................................ 7 十一、流動資產(chǎn)的融資戰(zhàn)略 ........................................................................................................................ 8 十二、最佳現(xiàn)金持有量的確定 .................................................................................................................... 8 ................................................................................................................................................. 8 ................................................................................................................................................. 8 中級財務(wù)管理公式 第 2 頁 十三、現(xiàn)金收支日常管理 ............................................................................................................................ 8 十四、應(yīng)收賬款的成本 ................................................................................................................................ 9 ............................................................................................................................ 9 2. 應(yīng)收賬款的壞賬成本 =應(yīng)收賬款凈額 *預(yù)計(jì)壞賬損失率 ...........................................................10 十五、信用政策 ...........................................................................................................................................10 十六、應(yīng)收賬款周轉(zhuǎn)天數(shù) ..........................................................................................................................10 十七、存貨管理 ........................................................................................................................................... 11 1. 存貨的持有成本 .............................................................................................................................. 11 2. 最優(yōu)存貨量的確定 —— 經(jīng)濟(jì)訂貨模型 ........................................................................................ 11 （ 1）基本經(jīng)濟(jì)訂貨模型 .................................................................................................................... 11 （ 2）經(jīng)濟(jì)訂貨基本模型的擴(kuò)展（新增） ......................................................................................12 （ 3）保險儲 備 ....................................................................................................................................12 十八、短期借款 ...........................................................................................................................................13 1短期借款的信用條件 .................................................................................................