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灰飞翔的猫 · 2024年09月05日

这题是怎么分析的?

NO.PZ2023090507000036

问题如下:

Innovatech is a firm with a primarily variable cost structure. Stablecorp is a firm with high fixed costs. Economic growth is expected to decelerate next year, reducing revenue growth for both companies.

Given the forecast of worsening business conditions, which company will experience a greater change in cash flow and profitability?

选项:

A.

Innovatech

B.

No difference

C.

Stablecorp

解释:

C is correct.

With revenue growth slowing, Stablecorp is likely to experience a greater change in cash flow and profitability. Stablecorp has high operating leverage due to its significant fixed costs, resulting in a larger impact on profits for a given change in revenues. In contrast, Innovatech's costs are variable, leading to lower operating leverage

不是很理解这道题,帮忙分析下

1 个答案
已采纳答案

Kiko_品职助教 · 2024年09月06日

嗨,努力学习的PZer你好:


当经济环境恶化、收入下降时,具有高固定成本的公司(Stablecorp)由于固定成本不随业务量的变动而变动,在收入减少的情况下,固定成本又不怎么变,所以利润和现金流会受到更大的影响。而主要是可变成本结构的公司(Innovatech),成本随业务量的变动而变动,收入减少,成本也相应减少,相对来说利润和现金流的波动会较小。所以答案选 C。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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