留学论文代写:Myer不同资金来源的分析

留学论文代写:Myer不同资金来源的分析

由于Myer的管理被认为是投资于新的商业机会,即投资于家居用品行业。此次业务拓展需要1亿澳元,金额巨大,Myer的管理层有不同的资金来源。以下是对不同资金来源的分析:

20年期债券- 20年期债券将作为Myer的长期负债,并在负债侧显示。这一法案将增加金融杠杆,因为更多的债务将获得市场(Bhattacharya和Londhe, 2014)。由于Myer未充分利用其债务能力,它们可以选择这种方式。这将降低他们在财务成本方面的盈利能力。

留学论文代写:Myer不同资金来源的分析

优势-使用此选项的最终优势是,它可以保持财务杠杆,没有支付股息的负担。与利息相比,股息往往是更昂贵的资金来源。税收优惠是使用债务的另一个优势。

Myer这种资金来源的缺点是会增加财务成本,减少公司的非营业利润。由于澳大利亚金融市场不利,债务成本较高,Myer需要支付更多的利息。

留学论文代写:Myer不同资金来源的分析

Since management of Myer is considered to invest in new business opportunity i.e. investment in home ware segment of the industry. This business expansion requires AUD 100 million which is huge amount and management of Myer has different sources of finance. Following is the analysis of different sources of finance:
20-year bond- A 20-years bonds will be for long term liability for Myer and will be shown at liabilities side. This act will increase financial leverage as more debt will be obtained from the market (Bhattacharya and Londhe, 2014). As Myer has under-utilised its debt capabilities, they can go with this option. This will reduce their profitability in term of financial cost.

留学论文代写:Myer不同资金来源的分析

Advantage- Ultimate advantage of using this option is that it can maintain financial leverage and there is no burden of dividend payments. Dividends tend to be more expensive source of finance as compared to interest. Tax incentive is another advantage of using debt.
Disadvantage- Disadvantage of this source of finance for Myer is that it will increase financial cost and reduce non-operating profit of the company. Because of adverse financial market in Australia, debt cost is high and Myer needs to pay more interest.

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