Question

大虾，翻译求助，急！

The weighted average cost of capital reflects the return expectations of all investors. This means that:

The capital employed corresponds with the capital invested in the business.
The higher the risk of capital expenditure, the higher the expectation of interest return. According equity capital providers expect a higher return
than debt capital providers. The WACC (weighted average cost of capital) represents the weighted required return of all investors.
The more capital employed invested, the higher the – cost of capital. Value is generated if a positive TKVA is achieved, i.e. if the EBIT exceeds the cost of capital. WACC of 9% reflects the minimum return requirements for all corporate decisions.
As an alternative to the calculation shown on the previous page, the TKVA can be calculated using relative parameters.- ROCE and- WACC are used for this calculation. The generated spread(- TKVA spread) multiplied by the capital employed also results in the TKVA.
Thus the ROCE has a significant effect on the size of the TKVA. If the capital employed remains constant, changes in the ROCE automatically result in a change in value creation.

Answer 1

平均重量集资费用反射所有投资者的回归期望。这意味着那: 资本被使用对应以资本被投资在事务。 更高资本支出风险, 更高兴趣回归的期望。达成协议业主权资本提供者期待更高的回归 比债务资本提供者。WACC (平均重量集资费用) 代表所有投资者被衡量的必需的回归。 更加资本被使用投资, 更高- 集资费用。价值引起如果正面TKVA 达到, 即如果EBIT 超出集资费用。WACC 9% 反射所有公司决定的极小值回归要求。 作为一个选择对演算被显示在前页, TKVA 可能被计算使用相对参量。- ROCE 和WACC 被使用为这演算。引起的spread(- TKVA 被传播) 以资本乘并且使用了结果在TKVA 。 因而ROCE 有一个重大作用在TKVA 的大小。如果资本被使用的遗骸的常数, 变化在ROCE 上自动地导致一个变化在价值创作上。

Answer 2

SO MANY