1. Inca Breweries ca Lima, Peru, nhn c mt n t hng cho 10.000 thng bia t Alicante, Ty Ban Nha.

. Bia s c xut khu sang Ty Ban Nha vi iu kin ca th tn dng do ngn hng Madrid i din cho Alicante. Th tn dng xc nh rng gi tr ca l hng, 720.000 USD, s c thanh ton 90 ngy sau khi ngn hng Madrid chp nhn mt hi phiu k pht bi Inca ph hp vi cc iu khon ca th tn dng. T l chit khu hin hnh v chp nhn thanh ton ca ngn hng k hn ba thng l 8% mt nm, v Inca Breweries c tnh ca n chi ph vn bnh qun l 20% mi nm. Hoa hng bn chp nhn ca mt ngn hng trongth trng chit khu l 1,2% s tin mt. Bn c ngh rng Inca Breweries gi n khi o hn hay chit khu n trn th trng chp phiu ngn hng M? 2. Swishing Shoe company ca Durham, Bc Carolina, nhn c mt n t hng cho 50.000 thng giy th thao t Southampton Footware, Ltd, ca Vng quc Anh, thanh ton c bng bng Anh. nhng i giy s c chuyn n Southampton Footware vi iu kin ca th tn dng pht hnh bi ngn hng London thay mt Southampton Footware. Th tn dng xc nh rng gi tr ca l hng, 400.000, s c thanh ton120 ngy sau khi ngn hng London chp nhn mt hi phiu k pht bi Southampton Footware v ph hp vi cc iu khon cath tn dng. T l chit khu hin ti London cho chp nhn thanh ton 120 ngy ca ngn hng l 12% mi nm, v Southampton Footware c tnh chi ph vn l 18% mi nm. Hoa hng bn chit khu mt chp phiu ngn hng l 2,0% s tin mt. a. Swishing c nn gi chp phiu n ngy o hn khng? b. Liu Swishing Shoe company c phi chu bt k ri ro no trong giao dch ny? c, Gi s Chnh ph Anh p thu 10% i vi giy nhp khu vo Vng quc Anh. Swishing pht hin ra rng n c th sn xut giy Ai-len v nhp khu vo Vng quc Anh m khng phi np bt k thu nhp khu no. Nhng yu t Swishing cn xem xt trong quyt nh tip tc xut khu giy dp t Bc Carolina so vi sn xut chng Ireland? 3. Wisconsin Distillers xut khu bia sang c v tnh gi bng la M. Sydney Wholesale Imports mua 1.000.000 $ t Wisconsin, vi thanh ton trong su thng. Vic thanh ton s c thc hin vi s chp nhn ca Ngn hng Sydney vi mc ph 1,75% mi nm. Wisconsin c chi ph bnh qun gia quyn ca vn l 10%. a. Nu Wisconsin gi chp phiu ny n ngy o hn, t l phn trm hng nm ca tng chi ph l bao nhiu? b. Gi s Bank of America sn sng mua chp phiu ca Wisconsin Distiller mc chit khu 6% mi nm. t l phn trm hng nm ca tng chi ph l bao nhiu? 4 Cutler Toyota mua xe t Toyota Motors-M, v bn chng cho khch hng M. Mt trong nhng khch hng ca mnh l Green Transport, mt cng ty cho thu xe mua xe t Cutler Toyota ti mc gi bn bun, tr chm su thng. Green Transport mua $ 2,000,000 gi tr t Cutler, vi s tin t cc l $ 400,000 v s d cn li tr trong su thng m khng cn tr li. y l hnh thc khuyn mi ca Cutler

Toyota dnh cho i tc mua bun. Cutler Toyota s em cc khon phi thu ny i chp nhn ti Alliance Acceptance vi khon ph 2%, v sau bn chit khu 3% mi nm ti Ngn hng Wells Fargo. a. t l phn trm hng nm ca tng chi ph ca Cutler Toyota l bao nhiu? b. Tin mt rng m Cutler Toyota thu c, bao gm c tin t cc l bao nhiu? 5. Sun Microsystems bn cc my ch Internet cho Telecom Italia vi tng gi tr 700, 000. Hn thanh ton trong ba thng v s c thc hin vi mt s chp nhn thng mi t Telecom Italia.L ph chp nhn l 1,0% mi nm. Chp nhn ny s c bn mc chit khu 4% mi nm a. t l phn trm hng nm ca tng chi ph bng ng EUR b. Gi s Sun Microsystems thch nhn la M ch khng phi l euro v dang xem xt hai la chn: (1) N c th bn ngay chp phiu ly ng euro ri chuyn i euro ngay lp tc sang la M theo t gi giao ngay l $1.02/; hoc (2) n c th gi chp phiu ng euro cho n khi o hn nhng s bn khon euro d kin s ti t gi k hn 3 thng $1.02 /. b1. S tin la M nhn c t vic bn chit khu chp nhn thng mi? b2. S tin la M nhn c trong ba thng trong la chn 2 l? b3. T l li sut ha vn s cn bng tin rng t c hai la chn l ? b4. Sun Microsystems nn la chn phng n no? 6. Hollywood Entertainment bn phim v a DVD cho HongKong Media Incorporated 100.000 USD, trong thanh ton n hn trong su thng. Hollywood c cc phng thc sau ti tr cho khon phi thu ny: (1) S dng hn mc tn dng ngn hng ca mnh. Li sut s bng li sut c bn 5% cng thm 150 im c bn mi nm. Hollywood s cn phi duy tr s d k qu bng 20 % s tin mt ca khon vay. Ngn hng s khng tr li cho s d ny . ( 2) S dng hn mc tn dng ngn hng ca mnh nhng mua bo him tn dng xut khu vi mc ph 1 % . Trong trng hp ny v ri ro gim, cc ngn hng s h li sut xung bng li sut c bn. a. t l phn trm hng nm ca tng chi ph ca tng phng n g? b . Nhng li th v bt li ca tng phng n l g? c . Bn chn phng n no d. Mt n v bao thanh ton tip cn Hollywood Entertainment mua li cc khon phi thu ny vi mc li sut 14 %/nm, ph bao thanh ton 1% cng vi khon ph 2% cho iu khon min truy i d1. t l phn trm hng nm ca tng chi ph? d2 . Phn tch u nhc im ca phng n thanh ton so vi cc la chn trn

7. Kaduna Oil ca Nigeria mua 1.000.000 $ thit b khoan du t Unicorn Houston, Texas. Kaduna Oil phi tr tin trong vng nm nm ti vi tc 200.000 $ mi nm vo ngy 1 thng Ba mi nm . Ngn hng Zurich , mt forfaiter Thy S , ng mua nm k phiu $ 200,000 vi mc Li sut chit khu khong 8% mi nm da trn t l li sut LIBOR ba nm d kin cng thm 200 im c bn, do Kaduna Oil tr . Ngn hng Zurich cng s tnh Kaduna Oil mt khon ph bao thanh ton 2% mi nm. Hi phiu nhn n do Kaduna Oil k pht s c xc nhn bi ngn hng ca h , Lagos City Bank, cho mt khon ph 1 % v chuyn n Unicorn. Ti thi im ny Unicorn k hu min truy i cho forfaiter, Ngn hng Zurich, c nhn c y $ 200,000 s tin gc . Ngn hng ca Zurich s bn cc k phiu ny cho cc nh u t trong th trng tin t quc t m. Khi n hn cc nh u t ang nm gi k phiu ny s xut trnh i tin ti Lagos City Bank . Nu Lagos Bank khng tr tin , cc nh u t s i t Ngn hng Zurich . a. t l phn trm hng nm ca tng chi ph cho $ 200,000 u tin vo ngy 1 thng 3 nm 2004 ? b . u l nguyn nhn khin Kaduna Oil s dng phng n tng i t tin ny ti tr ? 8. Andersen Sport ( Andersen ) ang xem xt u thu bn $ 100,000 trang thit b trt tuyt cho Kim Family Enterprises of Seoul, Korea . Thanh ton s thc hin trong su thng. V Andersen khng th xc minh tn nhim ca Kim , nn bo v khi ri ro tn dng Anderson ang xem xt cc gii php ti chnh sau y : 1. Ngn hng ca Kim ng pht hnh L/C gi tr 100.000 USD tr trong su thng v chp nhn vo hi phiu do Andersen k pht . L ph chp nhn l $500 do Kim tr, cng vi hn mc tn dng ca Kim s gim 100.000 USD . Cc chp phiu ngn hngs c bn vi mc chit khu 2 % mi nm trn th trng tin t. 2. Andersen cng c th mua bo him tn dng xut khu FCIA ti mc ph bo him 1,5% . li sut 6% mt nm li sut, khng cn duy tr s d k qu ti ngn hng. a . t l phn trm hng nm ca tng chi ph ca Andersen ? u nhc im ca 2 phng n? Andersen nn la chn phng n no? b . Chi ph ca Kim l g?