1 / 5

PEMBELANJAAN PERUSAHAAN

PEMBELANJAAN PERUSAHAAN. LECTURE 3a– CASH CONVERSION. Cash Conversion Models. These models are used to help determine the optimal quantity of marketable securities to convert into cash when needed (and vice versa). The cash conversion quantity depends on:

kobe
Download Presentation

PEMBELANJAAN PERUSAHAAN

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PEMBELANJAAN PERUSAHAAN LECTURE 3a– CASH CONVERSION

  2. Cash Conversion Models These models are used to help determine the optimal quantity of marketable securities to convert into cash when needed (and vice versa). The cash conversion quantity depends on: - the fixed cost of transferring funds between cash and marketable securities, - the rate of interest, - the firms demand for cash. Objective: to balance the costs and benefits of holding cash versus investing in marketable securities.

  3. Cash Conversion Models Baumol Model • The Baumol model is a simple approach that provides for cost-efficient cash balances by determining the optimal cash conversion quantity. • The firm manages its cash inventory by calculating two costs: • the cost of converting marketable securities into cash and vice versa, and • the cost of holding cash rather than marketable securities.

  4. Cash Conversion Models Baumol Model The Baumol model may be written as shown in Equation below: ECQ = Economic Conversion Quantity

  5. Untukmelihat file lengkapnyasilahkanmenghubungikamidiwww.mb.ipb.ac.id

More Related