PUTRI DHEA JASMINE

3 C2 MANAJEMEN
MANAJEMEN KEUNGAN

Dampak Perubahahan Sales Terhadap

Perusahaan menetapkan

Harga Jual
Variable Cost
Total fixed cost
Tax
Sales Perusahaan

Jika Rencana Penjualan Perusahaan sebesar

Bagaimana dampaknya dan analisalah

240,000
Percentage Change in sales =

Percentage Change in sales = -20%

Percentage Change in EBIT

DOLs =
Percentage Change in sales

-120%
DOLs =
-20%

DOLs = 6.00

Perusahaan menetapkan
Harga Jual
Variable Cost
Total fixed cost
Tax
Sales Perusahaan
Suatu Perusahaan mempunyai total aset sebesar
Perusahaan mempunyai saha, dengan nominal
Rencana 1 membiayai aktivitasnya dengan
Rencana 2 membiayai aktivitasnya dengan
tingkat bunga
Rencana 3 membiayai aktivitasnya dengan
tingkat bunga

Tugas
Analisis jika perubahan penjualan
30,000 unit ke 40,000 dengan setiap rencana pendanaan
30,000 unit ke 45,000 unit denga setiap rencana pendanaan
hahan Sales Terhadap Pemegang saham

Sales yang
Sales Sekarang akan datang

10 per unit
6 per unit Sales 300,000 240,000
100,000 Total VC 180,000 144,000
50% CMU 120,000 96,000
30,000 Unit Total FC 100,000 100,000
EBIT 20,000 (4,000)
24,000 Unit

-- 300,000 (4,000) --
Percentage Change in EBIT =
300,000 20,000

Percentage Change in EBIT = -120%

Kali

10 per unit
6 per unit
100,000
50%
30,000 Unit
 200,000
100 per lembar
engan 0% debt
25% debt
8%
40%
8%
20,000
 Rencan

NERACA
Rencana ke 1 0% debt
Total debt

Owners Equity 200,000

Total Asset 200,000 Total Liabilities &OE 200,000

Nilai Nominal 100

Common share outstanding 2,000 share
 Rencana ke 1

Rencana 1 membiayai aktivitasnya deng 0% debt

Interest Rate 8%
tax 50%
Jika Perusahaan Menjual EBIT INTEREST EBT Tax EAT
30,000 unit 20,000 0 20,000 10,000 10,000
40,000 unit 60,000 0 60,000 30,000 30,000
45,000 unit 80,000 0 80,000 40,000 40,000
Owners Equity 200,000
2,000 share
EPS
5
15
20
 Rencana k

NERACA
Rencana ke 2 25% debt
Total debt 50,000

Owners Equity 150,000

Total Asset 200,000 Total Liabilities &OE 200,000

Nilai Nominal 100

Common share outstanding 1,500 share
 Rencana ke 2

Rencana 2 membiayai aktivitasnya d 25% debt

Interest Rate 8%
tax 50%
Jika Perusahaan Menjual EBIT INTEREST EBT Tax EAT EPS
30,000 unit 20,000 4,000 16,000 8,000 8,000 5.3
40,000 unit 60,000 4,000 56,000 28,000 28,000 18.7
45,000 unit 80,000 4,000 76,000 38,000 38,000 25.3

Owners Equity 200,000

1,500 share
 NERACA
Rencana ke 3 40% debt
Total debt

Owners Equity
Total Asset 200,000 Total Liabilities &OE

Nilai Nominal 100

Common share outstanding 1,200

RENCANA 2 Base Sale 30,000 Forecast Sales 40,000

Sales 300,000 400,000 33%

Total VC 180,000 240,000
Contribution Margin 120,000 160,000
Total FC 100,000 100,000
EBIT 20,000 60,000 200%
Interest Expenses 4,000 4,000
Earning Before Taxes 16,000 28,000
Tax 8,000 28,000
Net Income 8,000 28,000
Prefered Dividen 8,000 28,000
Earning Avalable to Common (EAC) 8,000 28,000
Number of Shares 1,500 1,500
Earning Per Share 5.33 18.67 250%
 Rencana ke 3

Rencana 3 membiayai aktivitasnya dengan

Interest Rate
80,000 tax
Jika Perusahaan Menjual
120,000 30,000 unit
200,000 40,000 unit
45,000 unit

share Owners Equity 200,000

1,200

Forecast Sales 45,000

450,000 50% Percentage change in sales
270,000
180,000
100,000
80,000 300% Percentage change in ebit
4,000
76,000
38,000
38,000
38,000
38,000
1,500
25.33 375% Percentage change in EPS
encana ke 3

mbiayai aktivitasnya dengan 40% debt

8%
50%
EBIT INTEREST EBT Tax
20,000 6,400 13,600 6,800
60,000 6,400 53,600 26,800
80,000 6,400 73,600 36,800

share

RENCANA 3 Base Sale 30,000 Forecast Sales 40,000

Sales 300,000 400,000 33%

Total VC 180,000 240,000
Contribution Margin 120,000 160,000
Total FC 100,000 100,000
EBIT 20,000 60,000 200%
Interest Expenses 6,400 6,400
Earning Before Taxes 13,600 53,600
Tax 6,800 26,800
Net Income 6,800 26,800
Prefered Dividen 6,800 26,800
Earning Avalable to Common (EAC) 6,800 26,800
Number of Shares 1,200 1,200
Earning Per Share 5.67 22.33 294%
EAT EPS
6,800 5.7
26,800 22.3
36,800 30.7

Forecast Sales 45,000

450,000 50% Percentage change in sales
270,000
180,000
100,000
80,000 300% Percentage change in ebit
6,400
73,600
36,800
36,800
36,800
36,800
1,200
30.67 441% Percentage change in EPS