FM-BINUS-AA-FPU-78/V2R0
BINUS University
Academic Career: Class Program:
Undergraduate / Master / Doctoral *) International/Regular/Smart Program/Global Class*)
Mid Exam √ Final Exam Term : Odd/Even/Short *)
Short Term Exam Others Exam : _____________
√ Kemanggisan √ Alam Sutera √ Bekasi Academic Year :
Senayan Bandung Malang 2019 / 2020
Faculty / Dept. : Faculty of Economics and Communication Deadline Day / Date : Wednesday, July 8, 2020
/ School of Information Systems / Time : [Link] WIB
Accounting / Accounting Technology /
Finance / Accounting & Information
Systems
Code - Course : FINC6020 / FINC6051 - Business Class : LA16, LA53, LB53,
Valuation & Analysis LC53, LD53, LE53,
LF53, LG53, LA55,
LB55, LA90
Lecturer : Lecturer Team Exam Type : Online
) Strikethrough the unnecessary items
The penalty for CHEATING is DROP OUT!!!
Clues:
The odd numbers: 1,3,5,7,9, will be done by students who have the last odd NIM numbers)
(Soal nomor ganjil: 1,3,5,7,9, dikerjakan oleh mahasiswa yang angka NIM terakhir ganjil)
The even numbers: 2,4,6,8,10, will be done by students who have the last even NIM numbers)
(Soal nomor genapl: 2,4,6,8,10, dikerjakan oleh mahasiswa yang angka NIM terakhir genap)
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A. Problems (Essay) (each number point 10, 5 numbers x 10 points = 50)
1. The Efficient Market Hypothesis (EMH) states that security prices reflected all available
information. Explain briefly the definition and benefits of Efficient Market Hypothesis.
2. In equity security market there are two kind of analysis namely fundamental and technical
analysis. What is the difference between fundamental and technical analysis? Do you think of
any trading strategic use technical analysis? Explain it!
3. Cash flow statement is an important information for company in making decision. State and
explain some usefulness of cash flows minimum 6 items.
4. One tool of financial analysis to examine a firm’s performance is cash flow analysis. Explain the
advantages of the cash flow analysis for company minimum 5 items.
5. Credit analysis is more than just establishing the credit worthiness of a company, but the ability
to pay its debts at the schedule times. That’s why the commercial lenders (creditors) may need
to be rethought and be conducted some steps in credit analysis. Mention and explain concise
the series of steps that is used by the creditors!
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Kartika Dewi (D4402) and sent to Department/Program on May 18, 2020
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FM-BINUS-AA-FPU-78/V2R0
6. Financial distress has multiple negative consequences for the companies, and if they have high
business risks their assets are easily destroyed in financial distress. State some example of these
assets that particularly sensitive to the financial distress and why?
7. A sensitivity analysis determines how different values of an independent variable affect a certain
dependent variable under a given set of assumptions. Explain some of usefulness of the
sensitivity analysis!
8. A Sensitivity analysis allows for forecasting using historical, true data. Please make and provide
an example of sensitivity analysis, please be creative in making it!
9. Explain the difference and similarity of merger and acquisition. (minimum 2 items each)
10. Mention some motivation and advantages for merger and acquisition. (minimum 5 items)
B. Cases 1 (25%)
For case number 1 will be done by students who have the odd NIM numbers
For case number 2 will be done by students who have the even NIM numbers
1. Here is some data from PT. ABC Tbk during an accounting period. (for odd NIM)
(in million rupiah)
Items Amount
Total Asset 90.000
Working Capital 10.000
Operating Income (EBIT) 13.000
Total Debts 140.000
Retained Earning 36.000
Sales 99.000
Market Value of Shares Capital 40.000
Calculate the Altman Z-Score in predicting the potential bankruptcy of that firm. And give the
explanation of that calculation result.
1. Here is some data from [Link] Tbk during an accounting period (for even NIM)
(in million rupiah)
Items Amount
Total Asset 100.000
Working Capital 11.000
Operating Income (EBIT) 15.000
Total Debts 190.000
Retained Earning 50.000
Sales 140.000
Market Value of Shares Capital 60.000
Calculate the Altman Z-Score in predicting the potential bankruptcy of that firm. And give the
explanation for calculation result.
Verified by,
Kartika Dewi (D4402) and sent to Department/Program on May 18, 2020
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FM-BINUS-AA-FPU-78/V2R0
Case 2: For all students who have the odd and even last NIM numbers (point 25)
During the Covid 19 pandemic (corona virus diseases 19) there are many businesses experiencing
disruption such as retail, hospitality, travel, shopping malls, property, office rentals, etc. Instead, there
are some businesses are booming, such as e-commerce, online schooling, webinars or online training,
sports equipment at home and others. As is known, before the vaccine of that covid 19 was discovered,
it is predicted that the duration of this pandemic will plague within the next 1-2 years. In this period,
most of companies are trying to find the new models to survive and earn income. Therefore, marketing
strategies including building branding for a better business are needed. The slumped businesses must
look for new business models including how to make low costs in production or operations. Several
companies that can be adapted to the reality will be able to escape the hurricane covid 19 likely.
In the board of leadership meeting of PT. XYZ which has been engaged in off line retail business
of a special product that rarely found in the market. One of the leaders Mr. Bagus, suggested to consider
the improvement in the sales system by using the online system with the aim is to maintain and increase
sales turnover. He recommend to make a team for preparing everything in connection with the proposal.
However, another leader Mr. Agus has a different opinion, he said in order not to be in a hurry to invest
on the online sales system, because it will be required the expensive investment costs, skill labor still
not available yet, beside for a long time sales turnover has been achieved well although conducted by
off line. Then, he argued that the covid 19 will pass soon, he is not sure that the outbreak more than 6
months, it will only be temporary. According to him, the vaccine will be founded in a short time, then
the condition will be running well in a prompt time, and those customers will be came back automatically
to PT. XYZ. The another argument of Mr. Agus rejecting to Mr. Bagus' proposal is that it will be very
difficult to sale products in credit by using the online application system, especially to increase sales.
According to him, the credit sales have boosted the sales revenue value for a long time, where only 30%
cash sales of total sales.
Question:
Which proposal will you agree and support, do you agree and support to the Mr. Bagus' proposal to
build a digital sales system or do you agree to the Mr. Agus' opinion to keep or maintain the old sales
system by using offline?, or will you agree and support to the combination of digital and offline sales
system.
Explain your opinion and support your opinion clearly!
😊 DO YOUR BEST AND GOOD LUCK 😊
Verified by,
Kartika Dewi (D4402) and sent to Department/Program on May 18, 2020
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