Analisis Alternatif Sumber Pendanaan Leasing Dan Hutang Jangka Panjang Dalam Pengadaan Aktiva Tetap Perusahaan (Studi Pada Distributor Mebel Dwijaya Malang)

Abstract

This study aims to determine the source of funding is more profitable for the company among leasing or long-term debt. This type of research used in this research is descriptive research with quantitative approach. This study uses primary data and secondary data. Data collection techniques used in this study to obtain data used is by interview and documentation. The stages of data analysis in this study were: calculates the principal leasing, make a schedule of payment of principal and interest sources of financing leasing, calculate the present value of the cash outflow leasing, calculates the principal long-term debt, make a loan payment schedule long-term debt, calculate the cash outflows for alternative long-term debt, calculate the present value of the cash outflows of long-term debt, election funding alternatives. In this study, the present value of cash outflow leasing Rp. 610,391,032.62 is greater than the present value of cash outflows of long-term debt of Rp. 567,932,094.64. The decision on funding alternatives based on the total present value falls on alternative long-term debt for the company could save Rp 42,458,937.98