销售百分比法-操作（Percentage of sales - operation）.docVIP

销售百分比法-操作（Percentage of sales - operation） The basic assumption of the percentage of sales method Business percentage = asset sales / sales revenue steady operating assets The percentage of sales operating liabilities = operating liabilities / sales revenue unchanged Cost / sales revenue unchanged The steps of prediction 1. to determine the percentage of sales of assets and liabilities of the project The percentage of sales = base operating assets (operating liabilities) 83019 sales base 2. expected operating assets and liabilities and operating funds total demand The management of assets (liabilities) = expected sales revenue * sales percentage of each project 3. funds total operating assets = percentage of sales * new sales - the percentage of sales operating liabilities * new sales The use of financial assets is expected to be 4. The 5. is expected to increase the amount of retained earnings and external financing The increase of retained earnings = plan sales net interest rate (1 * * sales plan dividend payment rate) The amount of external financing (= business asset sales percentage * new sales) - (business debt sales percentage * new sales plan) - net sales sales plan (1 * * dividend payment rate) - available financial assets The 6. is expected to increase the loan or increase the equity (considering the target capital structure and financing priority) The total financing demand (total assets = total - base operating assets expected) - (business is expected to total liabilities Total Liabilities - base management) The financing order of priority: the use of existing financial assets; increase retained earnings; increase financial liabilities; increase capital Retained earnings increase = sales revenue is expected to net sales plan * * (1 - the dividend payment rate) The amount of external financing assets = Liabilities increased - increase - increase retained earnings Retained earnings = net profit increase plan - ordinary shares dividends External financing s