 ‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬


 ‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬
  ‫א‬‫א‬‫א‬‫א‬ 




 W،،‫א‬‫א‬،‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬ ‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
  ‫א‬        ،‫א‬ ‫א‬‫א‬  
‫א‬  ‫א‬ ‫א‬ ‫א‬ ‫א‬ ‫א‬   ‫א‬    ، 
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬  ‫א‬ ‫א‬ ‫א‬  ‫א‬ ‫א‬ ‫א‬  ‫א‬ ‫א‬ ‫א‬  
‫א‬‫א‬، ‫א‬‫א‬‫א‬
 K‫א‬‫א‬،‫א‬‫ א‬
 ? ?   ?‫א‬ ‫א‬ ‫א‬‫?א‬ ‫א‬ ‫א‬  
‫א‬ ‫א‬ ‫א‬‫א‬ ‫א‬       ‫א‬ ‫א‬ ‫א‬
 K‫א‬
‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬ 
،‫א‬      ،‫א‬ ‫א‬ ‫א‬‫א‬     
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬
  ‫א‬‫א‬‫א‬‫א‬ 


 

،‫א‬‫א‬
 ‫א‬‫א‬‫א‬ ‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬
 
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
 K‫א‬

 W‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬W‫א‬‫• א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬‫• א‬
 K‫א‬‫א‬‫א‬‫א‬W‫א‬‫• א‬
 K‫א‬‫א‬W‫א‬‫א‬‫• א‬
 ‫א‬‫א‬‫א‬W‫א‬‫• א‬
 ‫א‬‫א‬‫א‬W‫א‬‫• א‬

  ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬

1
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬W‫א‬‫א‬
 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
‫א‬    ‫א‬‫א‬ ‫א‬‫א‬  ‫א‬   ‫א‬  
 W‫א‬


K‫א‬‫א‬‫א‬‫א‬ •
‫א‬‫א‬‫א‬‫א‬ •
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫• א‬



 W‫א‬‫א‬‫א‬
 ٪90‫א‬‫א‬‫א‬



 2W‫א‬‫א‬


W‫א‬‫א‬‫א‬‫א‬
Excel •
 •
 •
‫א‬ •


 W‫א‬‫א‬
 K‫א‬‫א‬


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
، ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
، ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬

 ،‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 


 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K

‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬1974L290

 ‫א‬‫א‬

 0‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬

 0E‫א‬F‫א‬–

 0E‫א‬F‫א‬‫א‬–

 0E‫א‬F‫א‬‫א‬–

 0E‫א‬F‫א‬‫א‬–


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬

 W‫א‬‫א‬‫א‬J 1

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ،‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬–2

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬–3

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬–4


 ، ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0


-4-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬–
 0‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬ –
 0‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬–

 ‫א‬‫א‬ ‫א‬

‫א‬–‫א‬‫א‬F‫א‬‫א‬‫א‬W‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬،‫א‬،‫א‬E‫א‬–
‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬

 W‫א‬–

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬،‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ،‫א‬
 0‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬–

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬

 W‫א‬–

‫א‬‫א‬‫א‬‫א‬‫א‬
 0?‫?א‬‫א‬‫א‬‫א‬‫א‬‫א‬

-6-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬
E‫א‬‫א‬–‫א‬‫א‬F‫א‬‫א‬‫א‬ J 1
K‫א‬‫א‬‫א‬‫א‬

KK––‫א‬‫א‬‫א‬‫ א‬J 2

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J 3
K‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬ J 4
K‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬
،‫א‬‫א‬،‫א‬‫א‬،‫א‬‫א‬W‫א‬‫א‬ J 1
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،EF‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬W
 ‫א‬ J 2
،‫א‬،‫א‬،‫א‬،‫א‬‫א‬
K،‫א‬‫א‬‫א‬‫א‬،‫א‬

،‫א‬‫א‬ ‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬W
 ‫א‬ J 3
‫א‬‫א‬،‫א‬‫א‬،‫א‬‫א‬‫א‬
K،‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬W
 ‫א‬‫א‬‫א‬‫א‬W
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
Proforma Invoice‫א‬K‫א‬
-7-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬K‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬E1J 1F
 W‫א‬

 ‫א‬ ‫א‬‫א‬ ‫א‬‫א‬ ‫א‬ 

‫א‬ ‫א‬‫א‬ ‫א‬ W‫?א‬


 
‫א‬ 
   



 H
  ‫א‬ 
‫א‬

 ‫א‬H
 H

‫א‬‫א‬H
 ‫א‬H
1
‫א‬ ‫א‬ 
‫א‬








1J 1

-8-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬ –

‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 KE‫א‬F‫א‬‫א‬‫א‬

‫א‬E‫א‬F‫א‬‫א‬‫א‬‫א‬‫א‬ –

‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬

 K

 ‫א‬‫א‬‫א‬‫א‬‫א‬–

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬–

 K‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬J 

 K‫א‬‫א‬‫א‬‫א‬

-9-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 

 W‫א‬‫א‬‫א‬W


‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 1
 0‫א‬‫א‬‫א‬
 0‫א‬‫א‬ EF J 2
 ‫א‬‫א‬‫א‬‫ א‬EF J 3
 0‫א‬‫א‬
‫א‬W‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 4
 ‫א‬‫א‬

-10-
  ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

2
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬
 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
 ‫א‬‫א‬ ‫א‬ ‫א‬ ‫א‬‫א‬‫א‬  ‫א‬   ‫א‬  
 W‫א‬‫א‬


K‫א‬‫א‬‫א‬‫א‬ •
K‫א‬ •
K‫א‬‫א‬‫א‬‫א‬ •



 W‫א‬‫א‬‫א‬
 ٪90‫א‬‫א‬‫א‬



 8W‫א‬‫א‬


W‫א‬‫א‬‫א‬‫א‬
Excel •
 •
 •
‫א‬ •


 W‫א‬‫א‬
 K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W

‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬،‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬
 ‫א‬‫א‬K‫א‬ ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬
  ‫א‬‫א‬
‫א‬‫א‬‫א‬، ‫א‬ ‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬

 K‫א‬‫א‬J

 K‫א‬‫א‬J

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬J
 K‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬ J

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬
 ‫א‬،‫א‬
 1–2‫א‬،‫א‬‫א‬


 1–2‫א‬
‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬–1

‫א‬‫א‬‫א‬–2 



‫א‬‫א‬‫א‬–3 

‫א‬‫א‬‫א‬–4

 ‫א‬‫א‬–5
?‫א‬‫א‬‫א‬‫א‬?

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،EFEFW

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،5550‫א‬

،‫א‬‫א‬‫א‬

  ‫א‬‫א‬‫א‬‫א‬

 K

 Variable CostsW‫א‬‫א‬

‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬

K‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬

 W‫א‬‫א‬

‫א‬،‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬ K‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،100.000

‫א‬‫א‬،‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬

 Sunk CostsW‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬،‫א‬

‫א‬،‫א‬‫א‬‫א‬ K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬

 Opportunity CostsW‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬

‫א‬‫א‬،‫א‬K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

،50000‫א‬،‫א‬،25000

‫א‬‫א‬500000‫א‬‫א‬، 48000‫א‬

‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬

،48000‫א‬‫א‬‫א‬‫א‬‫א‬50000

 K‫א‬‫א‬‫א‬48000‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 E‫א‬F‫א‬‫א‬‫א‬‫א‬

 

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬،
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬

 ‫؟‬‫א‬‫א‬‫א‬E‫א‬F‫א‬‫א‬ •

 ‫א‬E‫א‬F‫א‬‫א‬ •
‫א‬‫א‬
‫؟‬

‫؟‬‫א‬‫א‬‫א‬‫א‬ •

‫؟‬‫א‬‫א‬ •

‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬

 ‫؟‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬K   ‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬

‫א‬‫א‬H‫א‬‫א‬Z‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬ ‫א‬
 W‫א‬‫א‬

‫א‬‫א‬J ‫א‬‫א‬J ‫א‬‫א‬‫א‬

Z

‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬،‫א‬

 W‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬

K‫א‬ -

K‫א‬‫ א‬-

E‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬F‫א‬‫א‬‫ א‬-

 W‫א‬‫א‬‫א‬‫א‬

 Z‫א‬‫א‬‫א‬‫א‬‫א‬C‫א‬

E‫א‬‫א‬‫א‬‫א‬‫א‬C‫א‬‫א‬F
K‫א‬‫א‬‫א‬H

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬
‫א‬‫א‬
E‫א‬‫א‬–‫א‬F

‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬
 ‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W

12‫א‬‫א‬20‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬ 100000‫א‬‫א‬‫א‬

 ‫؟‬‫א‬

 ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W
 12500Z100000Z‫א‬
 E12–20F

‫א‬‫א‬‫א‬‫א‬
 K‫א‬12500


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

12500‫א‬‫א‬

 E20C12500F‫א‬  250000

E12C12500F E150000F

 ‫א‬  100000

 ‫א‬‫א‬‫א‬  100000

 ‫א‬  0

12500‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬W‫א‬
250000Z‫א‬‫א‬
 ‫א‬‫א‬
 E20C12500F

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬
Z‫א‬
‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬

E‫א‬‫א‬–‫א‬F ‫א‬

‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 Z‫א‬‫א‬
 ٪40ZE12–20F
 20

 W‫א‬
 250000Z100000
 ٪40

٪40‫א‬‫א‬‫א‬ ‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬

 W‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

 W

8‫א‬‫א‬20 ‫א‬‫א‬
 K60000‫א‬‫א‬‫א‬

 W‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
F‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬E‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬ -

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬ 60000‫א‬‫א‬‫א‬ -
K‫א‬

‫א‬E60000F‫א‬‫א‬‫א‬‫א‬ -
‫א‬F‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
KE‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ -
‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬ -
،‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬

‫א‬50000‫א‬‫א‬ -
K100000

-22-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 


200 ‫א‬
180 ‫א‬‫א‬
‫א‬F‫א‬‫א‬‫א‬‫א‬

160 ‫א‬
140
120
100 ‫א‬
80
‫א‬
60 ‫א‬‫א‬
40
‫א‬‫א‬
20
EF
  10  20  30  40  50  60  70  80  90 100

 ‫א‬‫א‬‫א‬‫א‬‫א‬E2J 2F‫א‬

 W‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬ ‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬
 K‫א‬‫א‬

-23-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬H‫א‬‫א‬
Z‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬

‫א‬‫א‬H‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
‫א‬

 W

12‫א‬‫א‬20‫א‬‫א‬
‫א‬‫א‬ 100000‫א‬‫א‬‫א‬
 K200000‫א‬

 ‫؟‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ -

‫؟‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ -

 W‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 37500Z200000H100000

 E12–20F

 W‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬

 750000ZE200000H100000F

 ٪40

‫א‬3–2‫א‬
 K37500

37500‫א‬

 E20C37500F‫א‬  750000

 E12C37500F  E450000F

 K‫א‬  300000

 ‫א‬‫א‬‫א‬  E100000F

‫א‬ 200000

 W‫א‬‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬

 Z‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬H‫א‬‫א‬

 E‫א‬–1F

 ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W

 ‫א‬ ‫א‬   ‫א‬    ‫א‬ ‫א‬  
 W‫א‬
10 ‫א‬
6 ‫א‬‫א‬
 100000  ‫א‬‫א‬‫א‬
 45000  ‫א‬‫א‬‫א‬
 ٪25  ‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 45000H10000

 40000Z  E٪25–1F

 E6–10F

‫א‬ 4 – 2‫א‬،‫א‬
 K40000

40000‫א‬‫א‬‫א‬

 E10C4000F‫ א‬ 400000

 E6C40000F E240000F

 K‫א‬  160000

 K‫א‬‫א‬‫א‬ E100000F

 K‫א‬‫א‬  60000

 K٪25‫א‬  E15000F

K‫א‬‫א‬ 45000

 W‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

  ‫א‬   ‫א‬ ‫א‬   ‫א‬ ‫א‬  
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬

‫א‬–E‫א‬F‫א‬‫א‬Z‫א‬

 W

 6  ‫א‬ ‫א‬    10     ‫א‬‫א‬  
‫א‬ 40000‫א‬ 100000‫א‬‫א‬‫א‬
 K‫א‬

 K‫א‬W‫א‬

 W‫א‬

 ‫א‬‫א‬‫א‬
  10000
 250000ZZ‫א‬
 ٪40

 K400000Z10C40000‫א‬‫א‬

 K150000Z250000–400000Z‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬
‫א‬ ‫א‬  ‫א‬  ‫א‬   ‫א‬   ‫א‬    ‫א‬
  ‫א‬  ‫א‬     ‫א‬     150000
 K150000

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬–‫א‬E‫א‬F‫א‬‫א‬Z‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K15000Z25000–40000Z‫א‬‫א‬

 W‫א‬

‫א‬   E ‫א‬  F ‫א‬ ‫א‬  ‫א‬ ‫א‬   
‫א‬E‫א‬F‫א‬‫א‬
 W‫א‬‫א‬

‫א‬–E‫א‬F‫א‬‫א‬F

E‫א‬F‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬‫א‬ ‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
 1H–‫א‬‫א‬،‫א‬

 W‫א‬‫א‬‫א‬‫א‬
 E250000–40000F
 ٪37.5Z٪100CZ‫א‬
 400000

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

 

 W‫א‬‫א‬‫א‬W1


‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 1
 0‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 2
 0‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 3
 0‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 4
 0‫א‬‫א‬

‫א‬،30‫א‬‫א‬‫א‬ W2
‫א‬،1500000‫א‬‫א‬‫א‬18‫א‬
‫א‬،12000002000‫א‬
 0180002000٪20‫א‬

 W‫א‬

 K‫א‬‫א‬ J 1

K‫א‬ J 2

K‫א‬ J 3

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J 4

 K‫א‬‫א‬‫א‬ J 5

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  ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

3
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬

 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬


K‫א‬‫א‬‫א‬‫א‬‫א‬ •
K‫א‬‫א‬‫א‬‫• א‬
K‫א‬‫א‬‫א‬ •
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ •
K‫א‬‫א‬‫א‬ •

 7W‫א‬‫א‬‫א‬
 ٪95‫א‬‫א‬‫א‬


 8W‫א‬‫א‬


W‫א‬‫א‬‫א‬‫א‬
Excel •
 •
 •
‫א‬ •
 W‫א‬‫א‬
 K‫א‬‫א‬


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫؛‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،
 K‫א‬

‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬
 K‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ ،‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬3000‫א‬
 ‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 Nature and Objectives of Budgets W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬K‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬K‫א‬‫א‬‫א‬

 W‫א‬‫א‬

‫א‬،‫א‬‫א‬،‫א‬‫א‬ J
 K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬  ‫א‬‫א‬ J

‫א‬،‫א‬‫א‬K
،‫א‬،‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬،

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
K‫א‬‫א‬

‫א‬
 W‫א‬‫א‬‫א‬

‫א‬J
 K‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬J
‫א‬‫א‬‫א‬‫א‬،‫א‬
 K‫א‬‫א‬‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬J
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 Planning‫א‬J 1

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬

 Controlling Profit and OperationsW‫א‬‫א‬‫א‬J 2

،‫א‬‫א‬‫א‬‫א‬‫א‬،،‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
 K‫א‬‫א‬‫א‬‫א‬

 Evaluating Performance and Providing Incentives‫א‬‫א‬‫א‬‫א‬–3

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

 WFacilitating Communication and Coordination‫א‬‫א‬‫א‬–4

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

Allocating Resources‫א‬‫א‬‫א‬‫א‬–5

‫א‬‫א‬‫א‬
 ،
‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬J 1

 K‫א‬‫א‬–2

 K‫א‬‫א‬‫א‬‫א‬‫א‬J 3

 K‫א‬‫א‬‫א‬–4

 ‫א‬‫א‬‫א‬–5

 W‫א‬‫א‬

‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،،‫א‬‫א‬
 W‫א‬‫א‬

 K‫א‬‫א‬J

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬J

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬J

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬J
 K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬W‫א‬‫א‬J
 K

 K‫א‬‫א‬‫א‬‫א‬J

‫א‬‫א‬،‫א‬‫א‬J
 K‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬J

 K‫א‬‫א‬‫א‬‫א‬‫א‬J

 W

‫א‬‫א‬،
 ‫א‬‫א‬‫א‬‫א‬‫א‬
 K2000‫א‬‫א‬

،144002000‫א‬‫א‬‫א‬J
 W‫א‬‫א‬

 K5000W‫א‬‫א‬J

 K6000W‫א‬‫א‬J

 K2200W‫א‬‫א‬J

 K1200W‫א‬‫א‬‫א‬J

 K302000‫א‬‫א‬J

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

1–2‫א‬،2000‫א‬‫א‬‫א‬‫א‬
 K

 1–3‫א‬
 ‫א‬‫א‬
K2000L12L31‫א‬‫א‬‫א‬
‫א‬ ‫א‬ ‫א‬ ‫א‬
‫א‬ ‫א‬
‫א‬‫א‬ ‫א‬ ‫א‬ ‫א‬
‫א‬‫א‬
 14400  1200  2200  6000  5000
 ‫א‬

 30  30  30  30  30  ‫א‬

43200 18000 15000 

 36000  66000
 0  0  0  ‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬K‫א‬‫א‬‫א‬
K‫א‬‫א‬،‫א‬
 K‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬
،‫א‬K‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬K‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬

 W‫א‬‫א‬

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬ ‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬

 K‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬ J

K‫א‬‫א‬‫א‬ J

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬  J
W‫א‬‫א‬‫א‬‫א‬‫א‬
 Z‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬H‫א‬‫א‬‫א‬‫א‬
 ‫א‬–


 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬٪20 ‫א‬ J
 K‫א‬‫א‬

K500E1999F‫א‬‫א‬‫א‬‫א‬‫א‬ J

 K5500E2001F‫א‬‫א‬‫א‬‫א‬‫ א‬J

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 2–3‫א‬
 ‫א‬‫א‬
K2000L12L31‫א‬‫א‬‫א‬
‫א‬ ‫א‬‫א‬‫ א‬‫א‬‫ א‬‫א‬‫א‬ ‫א‬‫א‬ ‫א‬
 ‫א‬‫א‬‫א‬
14400  1200  2200  6000  5000
 E1FW‫א‬‫א‬
 ‫א‬H
 1100  1100  240  440  1200
 ‫א‬‫א‬٪20F

 500  240  440  1200  500  ‫א‬

15000  2060  2000  5240  5700 ‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬

 K‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬ J

‫א‬‫א‬‫א‬٪20‫א‬‫א‬‫א‬‫א‬‫א‬ J
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 
K5500‫א‬‫א‬E2001‫א‬F‫א‬‫א‬
KE٪20C5500F1100‫א‬‫א‬‫א‬‫א‬

 ،‫א‬‫א‬‫א‬  J

‫א‬،‫א‬‫א‬1200‫א‬‫א‬‫א‬
K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬، ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬K‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬،
 W‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J

K‫א‬‫א‬ J

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
W‫א‬‫א‬
 4‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
1.25  ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
K13202000‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
K٪15‫א‬‫א‬‫א‬ J
E2001‫א‬F‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
 K5800

 1–4‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 3J 3‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬

K2000L12L31‫א‬‫א‬‫א‬
‫א‬
‫א‬ ‫א‬‫א‬‫א‬ ‫א‬‫ א‬‫א‬‫א‬ ‫א‬
‫א‬

15000 2060 2000 5240 5700  ‫א‬‫א‬‫א‬‫א‬

 1J 3W‫א‬‫א‬

 4  4  4  4  4  ‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬
60000 8240 8000 20960 22800  

3480 3480 1236 1200 3144  E٪15F‫א‬H

1320 1236 1200 3144 1320  ‫א‬J
62160 10484 8036 19016 24624  ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
1.25 1.25 1.25 1.25 1.25  ‫א‬‫א‬‫א‬‫א‬
77700 13105 10045 23770 30780  ‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬

 Z‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬H‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬– 


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ •
 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬ •
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K٪15‫א‬‫א‬
Z٪15C‫א‬‫א‬‫א‬4C‫א‬‫א‬5800W‫א‬
3480

 W‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬
 K‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ K‫א‬

 K‫א‬‫א‬‫א‬ J

K‫א‬ J

K‫א‬ J

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬

 010‫א‬ J

 01.25‫א‬‫א‬‫א‬ J

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W1J 5‫א‬
 4J 3‫א‬
 ‫א‬‫א‬‫א‬
K2000L12L31‫א‬‫א‬‫א‬
‫א‬
‫א‬ ‫א‬‫א‬‫א‬ ‫א‬‫ א‬‫א‬‫א‬ ‫א‬
‫א‬
15000 2060 2000 5240 5700  ‫א‬‫א‬‫א‬‫א‬
 E1J 3FW‫א‬‫א‬
 10  10  10  10  10  ‫א‬‫א‬‫א‬
150000 20600 20000 52400 57000  ‫א‬‫א‬
1.25 1.25 1.25 1.25 1.25  ‫א‬
187500 25750 25000 65500 71250  ‫א‬‫א‬

 W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬، ‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،
‫א‬ ‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬E1J 6F‫א‬،‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 0‫א‬‫א‬‫א‬
 
 ‫א‬
 ‫א‬‫א‬‫א‬

 37500 
 2.5ZZ
 15000

 W‫א‬‫א‬‫א‬‫א‬Z
 12900 
 0.86Z
 15000

3.36E‫א‬‫א‬F‫א‬‫א‬‫א‬‫א‬
 E0.86H2.5F

‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،
 0‫א‬‫א‬‫א‬‫א‬،

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 5J 3‫א‬

 ‫א‬‫א‬‫א‬‫א‬

K2000L12L31‫א‬‫א‬‫א‬
‫א‬ ‫א‬‫א‬‫א‬ ‫א‬‫א‬ ‫א‬‫א‬ ‫א‬‫א‬ ‫א‬

K‫א‬‫א‬

7500 1030 1000 2620 2850  ‫א‬‫א‬

3750  515  500 1310 1425  ‫א‬‫א‬

15000 2060 2000 5240 5700  ‫א‬‫א‬
11250 1545 1500 3930 4275  ‫א‬‫א‬‫א‬

37500 5150 5000 13100 14250 ‫א‬‫א‬

‫א‬‫א‬
4000 1000 1000 1000 1000  ‫א‬
2500  625  625 625 625  ‫א‬‫א‬
2000  500  500 500 500  ‫א‬‫א‬
1200  300  300 300 300  ‫א‬‫א‬
800  200  200 200 200  ‫א‬‫א‬
2400  600  600 600 600  ‫א‬‫א‬‫א‬

12900 3225 3225 3225 3225 ‫א‬‫א‬‫א‬

50400 8375 8225 16325 17475 ‫א‬‫א‬

‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 

 W‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬


 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 1
‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬ EF J 2
 0‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ EF J 3
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬  EF J 4
 ‫א‬
  


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬
‫א‬‫א‬،
 ‫א‬‫א‬
 W2002‫א‬‫א‬
‫א‬ ‫א‬ ‫א‬
 8000 15000  ‫א‬‫א‬‫א‬
 125  80  ‫א‬
 4500  3000  E2002L1L1F‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 
 E2002L12L31F
 02002‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬


 W‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬ ‫א‬ ‫א‬
 4  8  EF‫א‬‫א‬‫א‬
 5  ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 2  3  ‫א‬‫א‬‫א‬‫א‬‫א‬
 4  2.5  ‫א‬
 6000  5000  2002‫א‬‫א‬‫א‬
 2500  ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
4000
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 

 K2002‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 





 W‫א‬‫א‬‫א‬‫א‬

‫א‬1997‫א‬،‫א‬
 W1998‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

1998‫א‬‫א‬

 ‫א‬  ‫א‬‫א‬  ‫א‬

 70  60000  ‫א‬

 100  40000  ‫א‬

1998‫א‬‫א‬

‫א‬  1998L1L1‫א‬  ‫א‬

 1998L12L13

 25000  20000  ‫א‬

 9000  80000  ‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ 

 ‫א‬  ‫א‬  ‫א‬  ‫א‬‫א‬

 5  4    

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 5  2    

 1  0    

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

12L31  ‫א‬1L1  ‫א‬‫א‬  ‫א‬‫א‬

 ‫א‬

 36000  32000  8  

 32000  29000  5  

 7000  6000  3  

 W‫א‬‫א‬1998‫א‬‫א‬‫א‬

 ‫א‬  ‫א‬‫א‬‫א‬  ‫א‬

 3  2  ‫א‬

 4  3  ‫א‬

 W‫א‬‫א‬

 K2‫א‬‫א‬‫א‬ J

K7500001998L1L1‫א‬‫א‬ J

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J

9500001998‫א‬‫א‬‫א‬‫א‬ J
K‫א‬100000
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

K‫א‬‫א‬‫א‬‫א‬‫א‬ J

K‫א‬ J

K‫א‬‫א‬٪10‫א‬‫א‬‫א‬‫א‬ J

K‫א‬5000001998‫א‬ J

 W‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬W‫א‬

 K‫א‬‫א‬ J 1

K‫א‬‫א‬ J 2

K‫א‬‫א‬‫א‬‫א‬‫א‬ J 3

K‫א‬‫א‬‫א‬ J 4




-50-
  ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬
 ‫א‬‫א‬

4
  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 ‫א‬‫א‬W‫א‬‫א‬‫א‬
 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬


K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫• א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫• א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫• א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫• א‬
K‫א‬‫א‬‫א‬ •

 W‫א‬‫א‬‫א‬
 ٪95‫א‬‫א‬‫א‬



 8W‫א‬‫א‬


W‫א‬‫א‬‫א‬‫א‬
Excel •
 •
 •
‫א‬ •

 W‫א‬‫א‬
 K‫א‬‫א‬

 W‫א‬‫א‬‫א‬
-51-
  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

‫א‬‫א‬F‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬E‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬ 
، ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬ ‫א‬
،‫א‬ ‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
 0‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬، 
 
 ،‫א‬‫א‬‫א‬‫א‬‫א‬،
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬J
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬

 ‫א‬‫א‬–‫א‬‫א‬ Z‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 WE2J 7F‫א‬،‫א‬
 1J 4‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 E3)  E2)  E1) 

C   C  C 
 E3FJ E2F‫א‬‫א‬‫א‬‫א‬ E2FJ E1F‫א‬‫א‬‫א‬‫א‬
 E3F–E1F‫א‬‫א‬‫א‬


 W
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W
0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W


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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬
 ECF–ECFZ‫א‬‫א‬‫א‬‫א‬

 W
 CEJ FZ‫א‬‫א‬‫א‬‫א‬
 E‫א‬‫א‬‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬F
 ‫א‬‫א‬‫א‬‫א‬C

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬
 ،‫א‬‫א‬‫א‬‫א‬
 0‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،
 CEJ FZ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 E‫א‬‫א‬‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬F
 ‫א‬‫א‬‫א‬‫א‬C

 W‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ECF–ECFZ‫א‬‫א‬‫א‬‫א‬

 W
 CEJ FZ‫א‬‫א‬‫א‬‫א‬
 E‫א‬‫א‬‫א‬–‫א‬‫א‬‫א‬F
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬C

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬  
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬0‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫ א‬،  ‫א‬‫א‬‫א‬‫ א‬J

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
0‫א‬‫א‬‫א‬
–‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬  ‫א‬
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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 WE2–4F‫א‬،‫א‬‫א‬‫א‬
 2J 4‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬

 E3)  E2)  E1) 

C   C  C 
 E3FJ E2F‫א‬‫א‬‫א‬  E2FJ E1F‫א‬‫א‬‫א‬
 E3F–E1F‫א‬‫א‬‫א‬


 W
 0‫א‬‫א‬‫א‬‫א‬‫א‬W
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W
 0‫א‬‫א‬‫א‬‫א‬‫א‬W
0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 ECF–ECFZ‫א‬‫א‬‫א‬


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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W
 CEJ FZ‫א‬‫א‬‫א‬
 E‫א‬‫א‬–‫א‬‫א‬F
 ‫א‬‫א‬‫א‬‫א‬C

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬،‫א‬

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ECF–ECFZ‫א‬‫א‬‫א‬

 W
 CEJ FZ‫א‬‫א‬‫א‬
‫א‬‫א‬–‫א‬‫א‬‫א‬F
 ‫א‬‫א‬CE‫א‬

‫א‬،‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬ ‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬  
‫א‬،‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬


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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 E3J 4F‫א‬

2003‫א‬‫א‬‫א‬‫א‬‫א‬
 E3F  E2F  E1F
 E3H1F ‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬ ‫א‬
 ‫א‬‫א‬‫א‬
12000 60000 60000  
   
 ‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،
 W

 0‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬J

0‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬J

 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬

 0‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬J

0‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬J
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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ –‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬– Z‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 0E4J 4F‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬
 4J 4‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 E3)  E2)  E1) 

C   C  C 
 E3FJ E2F‫א‬‫א‬‫א‬  E2FJ E1F‫א‬‫א‬‫א‬
 E3F–E1F‫א‬‫א‬‫א‬


 W
 0‫א‬‫א‬‫א‬‫א‬‫א‬ W
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W
0‫א‬‫א‬‫א‬‫א‬W

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
 ECF–ECFZ‫א‬‫א‬‫א‬

 W
 CEJ FZ‫א‬‫א‬‫א‬
 E‫א‬‫א‬–‫א‬‫א‬F
 ‫א‬‫א‬‫א‬C

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬J

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ECF–ECFZ‫א‬‫א‬‫א‬
 CE–FZ‫א‬‫א‬‫א‬
‫א‬‫א‬–‫א‬‫א‬‫א‬F
 ‫א‬‫א‬CE‫א‬

 

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 0‫א‬‫א‬،‫א‬‫א‬‫א‬ ‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬-
K‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬-
‫א‬‫א‬، ‫א‬‫א‬‫א‬‫א‬‫א‬‫ א‬-
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬
–‫א‬‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬  Z‫א‬‫א‬‫א‬

‫א‬
  ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬3E‫א‬F‫א‬‫א‬‫א‬E‫א‬‫א‬F‫א‬‫א‬‫א‬W‫א‬‫א‬
 KE5–4F

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 5J 4‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 E3) E2)  E1) 

 
 ‫א‬‫א‬ C 
 E3FJ E2F‫א‬‫א‬‫א‬  E2FJ E1F‫א‬‫א‬‫א‬
 E3F–E1F‫א‬‫א‬‫א‬

 W

 K‫א‬‫א‬‫א‬‫א‬‫א‬W

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ W

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬

‫א‬‫א‬–ECFZ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W

 W‫א‬‫א‬
‫א‬‫ א‬‫א‬  ‫א‬ 
 ‫א‬
 6  2  3  ‫א‬
 8  4  2  
    
 2  1 2   -
 4  2 2   -

 W‫א‬‫א‬
 20  ‫א‬‫א‬‫א‬‫א‬
 225100  ‫א‬‫א‬‫א‬‫א‬‫א‬
 4.1030  ‫א‬‫א‬
 45  
 115  

 W‫א‬‫א‬‫א‬‫א‬W‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K1

 K‫א‬‫א‬‫א‬‫א‬K2

 K‫א‬‫א‬‫א‬‫א‬K3

 K‫א‬‫א‬‫א‬‫א‬K4

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K5
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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K6

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K7

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K8

 ‫א‬

 ‫א‬‫א‬‫א‬‫א‬K1
 0.25  E2–2.25F‫א‬‫א‬
 100C  ‫א‬‫א‬‫א‬C
 ‫א‬‫א‬25 

 ‫א‬‫א‬‫א‬‫א‬K2
 40  E60–100F‫א‬‫א‬‫א‬
 2C  ‫א‬‫א‬C
 ‫א‬‫א‬80 

 ‫א‬‫א‬‫א‬K3
 0.10  E4–4.10F‫א‬‫א‬
 30C  ‫א‬‫א‬C
 ‫א‬‫א‬3 

 ‫א‬‫א‬‫א‬‫א‬K4
 E10F  E40J 30F‫א‬‫א‬
 4C  ‫א‬‫א‬C
 ‫א‬‫א‬40 

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K5
 0.50  1–E30D45F‫א‬‫א‬
 30C  ‫א‬‫א‬C
 ‫א‬‫א‬15 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K6
 E10F  E40–30F‫א‬‫א‬
 1C  ‫א‬C
 10 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K7
 115  ‫א‬‫א‬‫א‬‫א‬
 100J ‫א‬‫א‬‫א‬‫א‬J
 E2C50F‫א‬‫א‬
 ‫א‬‫א‬15 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K8
 100 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
  E2C50F

 80J ‫א‬‫א‬‫א‬‫א‬J
 E2C2C20F
 ‫א‬‫א‬20 

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 

 W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬

 W

‫א‬‫א‬ ‫א‬‫ א‬‫א‬‫א‬ 

‫א‬‫א‬  ‫א‬‫א‬  ‫א‬‫א‬‫א‬

 6  3  2 ‫א‬

،‫א‬‫א‬2.8‫א‬40000‫א‬2003‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬10000

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬ ‫א‬‫א‬  ‫א‬‫א‬ 

 7  2.8  2.5 ‫א‬

 K2003‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬






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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬،‫א‬‫א‬‫א‬

 W

‫א‬ ‫א‬‫א‬ ‫א‬ 

‫א‬‫א‬  ‫א‬‫א‬ ‫א‬‫א‬

 ‫א‬  ‫א‬‫א‬

 3  3  1 

‫א‬‫א‬‫א‬ 100002003‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬ ‫א‬‫א‬ ‫א‬ 

‫א‬‫א‬  ‫א‬‫א‬ ‫א‬‫א‬

 ‫א‬  ‫א‬‫א‬

 4.2  3.5  1.2 

 ‫؟‬2003‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬

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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 W

 ‫א‬‫א‬‫א‬‫א‬

‫א‬  ‫א‬ 

‫א‬‫א‬

10  5 2  

 8  4 2  

19000EF2003‫א‬‫א‬‫א‬
 K
‫א‬‫א‬ 100002003‫א‬
 W‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬

2003‫א‬‫א‬‫א‬‫א‬‫א‬
 K21000‫א‬‫א‬94500

2003‫א‬‫א‬‫א‬‫א‬‫א‬
 K21000‫א‬81900

 K2003‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬

 

 
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  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬ 

 

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  ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬

5
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬W‫א‬‫א‬
 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
‫א‬  ‫א‬   ‫א‬‫א‬ ‫א‬‫א‬  ‫א‬   ‫א‬  
 W‫א‬
 K‫א‬‫א‬ •
K‫א‬‫• א‬
K‫א‬‫א‬ •
K‫א‬‫א‬‫א‬ •
K‫א‬ •
K‫א‬‫א‬‫א‬‫א‬ •

 7W‫א‬‫א‬‫א‬
 ٪95‫א‬‫א‬‫א‬


 6W‫א‬‫א‬


W‫א‬‫א‬‫א‬‫א‬
Excel •
 •
 •
‫א‬ •

 W‫א‬‫א‬
 K‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬

 W

‫א‬‫א‬‫א‬‫א‬،‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬  ‫א‬،‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬ K‫א‬‫א‬‫א‬،
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
،،‫א‬ ،‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
،‫א‬‫א‬‫א‬
 K

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬
‫א‬‫א‬K‫א‬ ‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬K1
‫א‬‫א‬K‫א‬‫א‬‫א‬ ‫א‬
‫א‬K‫א‬‫א‬‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬،‫א‬
 K‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬K2

 K‫א‬‫א‬‫א‬E‫א‬‫א‬F‫א‬‫א‬‫א‬K3

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K4
 K‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬K5
 K‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ K6

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

Acceptance-Or-Rejection DecisionsW‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ،
 K

Capital-Rationing DecisionsW‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬ ‫א‬‫א‬‫א‬
 
 W‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬ J

K J

K‫א‬‫א‬‫א‬ J

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 WCapital Budgeting Methods‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

 W‫א‬‫א‬‫א‬

 K‫א‬‫א‬–1

 K‫א‬–2

 K‫א‬‫א‬‫א‬–3

 K‫א‬‫א‬–4

 K‫א‬‫א‬–5

‫א‬‫א‬F‫א‬‫א‬‫א‬
Value Of Money ‫א‬‫א‬E
 ‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬KTime

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

WThe Time Value Of Money‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬K‫א‬KK‫א‬‫א‬
٪10‫א‬‫א‬ ‫א‬،‫א‬
‫א‬‫א‬، K 1.10‫א‬
،‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬

 W
 1  
 C  
 EH1F  

 K‫א‬‫א‬‫א‬W

 K‫א‬‫א‬W

 K‫א‬‫א‬‫א‬W

‫א‬500 
‫א‬،‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 


 ‫א‬‫א‬F‫א‬‫א‬‫א‬K٪12‫א‬
 KE

 W‫א‬
 1
 C500Z‫א‬‫א‬
 2E0.12H1F  

 0.797C500Z

 398.50Z

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
،1F ‫א‬EKKKKKK٪8،٪4،٪2،٪1F‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬E60KKKKKK3،2
 K‫א‬‫א‬،‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬1000
‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬ K‫א‬‫א‬
 K٪12

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬

‫א‬‫א‬ 1000‫א‬‫א‬‫א‬‫א‬‫א‬

F ،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬،0.893Z‫א‬‫א‬‫א‬‫א‬EF‫א‬٪12E

 K0.797٪12EF‫א‬‫א‬‫א‬‫א‬

W‫א‬‫א‬‫א‬1000‫א‬‫א‬

 K893Z0993C1000

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K797Z0.797C1000

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K797Z0.797C1000

 KE797H893F1690‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

Net – Present – Value Method‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ECash Inflows‫א‬‫א‬‫א‬‫א‬F‫א‬
،EOutflows Cash‫א‬‫א‬‫א‬F‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬Z‫א‬‫א‬

  K‫א‬‫א‬‫א‬‫א‬J 

‫א‬،‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K

 W‫א‬‫א‬‫א‬‫א‬‫א‬


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

WThe Initial Outlay‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬
 K‫א‬‫א‬

The Expected Annual Cash Inflows‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬ ‫א‬‫א‬K‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
 K‫א‬‫א‬‫א‬‫א‬

Required Rate Of Return‫א‬‫א‬

Discounted ‫א‬Cost Of Capital‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،Rate
K‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،
 K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬

 W

‫א‬‫א‬ 250.000‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬6‫א‬‫א‬،
 ‫א‬‫א‬‫א‬‫א‬  ‫א‬
 150000  1
 90000  2
 80000  3
 20000  4
 10000  5
 5000  6

 K٪12‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬

 K‫א‬‫א‬K1

 ‫؟‬‫א‬‫؟‬‫א‬‫א‬‫א‬‫א‬‫א‬K2

 W‫א‬

  ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬K٪12‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬

 E1J 5F‫א‬

 ‫א‬‫א‬‫א‬

 ‫א‬‫ א‬ E٪12F‫א‬‫א‬  ‫א‬‫א‬‫א‬‫ א‬ ‫א‬

 133950  0.893  150000  1

 71730  0.797  90000  2

 56960  0.712  80000  3

 12720  0.636  20000  4

 5670  0.567  10000  5

 2535  0.507  5000  6

 283565   ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 250000–283565Z‫א‬‫א‬‫א‬

 33565Z 

EF
  ‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،
K‫א‬

‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬

Internal-Rate-Of-Return(IRR)MethodW‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬ 
‫א‬‫א‬،trail-and-error‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
 W‫א‬‫א‬‫א‬‫א‬

 W

35000‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬5‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬  ‫א‬

 12000  1

 15000  2

 16000  3

 5000  4

 6000  5

 K‫א‬٪15‫א‬

 W‫א‬

 K‫א‬‫א‬‫א‬ J 1

K‫א‬‫א‬‫א‬‫א‬ J 2

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬

‫א‬‫א‬‫א‬  ٪10‫א‬‫א‬ •
 W‫א‬‫א‬‫א‬

 K42467.42Z٪10‫א‬‫א‬‫א‬‫א‬

 K7467.42Z35000–42467.42Z‫א‬‫א‬

 ‫א‬‫א‬ •
‫א‬،
‫א‬‫א‬‫א‬،٪18،٪10
 W‫א‬‫א‬

 K35881.95Z٪18‫א‬‫א‬‫א‬‫א‬

 881.95Z35000–35881.95Z‫א‬‫א‬

٪18‫א‬‫א‬‫א‬ •
‫א‬‫א‬‫א‬‫א‬‫א‬K٪20‫א‬
Z‫א‬‫א‬،34498.46٪20
‫א‬‫א‬K501.54J Z35000–34498.46
،٪20٪18‫א‬‫א‬‫א‬‫א‬‫א‬،٪20
W‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬  ‫א‬

  881.95  ٪18

    ‫؟‬

 ٪2  501.54J  ٪20

  ‫א‬  1383.49
 8813.95     
 K٪19.27496ZEFC٪2H٪18Z‫א‬‫א‬‫א‬
 1383.49     

 ،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬
 ‫א‬‫א‬
 W‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J
‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬

،‫א‬‫א‬ J
‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬ ،
K‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 WProfitability Index‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬

 E‫א‬‫א‬‫א‬‫א‬‫א‬F
 Z‫א‬
 E‫א‬‫א‬‫א‬‫א‬F

،1‫א‬‫א‬‫א‬‫א‬
K1‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬
‫א‬،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬F‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬F1‫א‬E‫א‬‫א‬
 KE‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W

100000‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬  ‫א‬

 550000  1

 25000  2

 350000  3

 29000  4

 K٪20‫א‬‫א‬‫א‬

 K‫א‬‫א‬،‫א‬W‫א‬

 W‫א‬

4‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬،97408‫א‬

‫א‬‫ א‬ E٪20F‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬ ‫א‬

 458.15  0.833  55000  1

 17350  0.694  25000  2

 20265  0.579  35000  3

 13978  0.482  29000  4

 97408   ‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 97408     
 0.974ZZ‫א‬
 100000     

 K‫א‬1‫א‬‫א‬‫א‬

2592–‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،E100000–97408F
 K

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

W‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،Time Value of Money‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
K‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬
‫א‬‫א‬‫א‬،‫א‬ ‫א‬‫א‬‫א‬
K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬4‫א‬‫א‬‫א‬‫א‬،‫א‬ 4‫א‬‫א‬
 K‫א‬4‫א‬‫א‬‫א‬،

‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬
 ‫א‬‫א‬
 Z‫א‬‫א‬
 ‫א‬‫א‬

 W

20000 60000‫א‬‫א‬

 K‫א‬8‫א‬‫א‬‫א‬

 W‫א‬

 K‫א‬‫א‬ J 1

2.5‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ J 2

‫؟‬‫א‬‫א‬‫א‬،


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬

 W‫א‬‫א‬‫א‬3‫א‬‫א‬‫א‬‫א‬

 K‫א‬3Z20000D60000

‫א‬‫א‬{‫א‬‫א‬‫א‬‫א‬‫א‬3‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W

‫א‬7‫א‬‫א‬50000‫א‬
 W‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  ‫א‬
15000  15000  1
27000  12000  2
40000  13000  3
65000  25000  4
 120000  55000  5
 174000  54000  6
 189000  15000  7

 K‫א‬‫א‬W‫א‬

 W‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
10000‫א‬‫א‬40000‫א‬
25000‫א‬‫א‬‫א‬،E50000–40000F
15000‫א‬‫א‬65000‫א‬‫א‬‫א‬
43‫א‬‫א‬‫א‬‫א‬‫א‬،E50000–65000F
 W‫א‬‫א‬،3.4،‫א‬
 10000
 3.4ZH3
 250000

 W‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬‫א‬ ‫א‬ J
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬ J
139000‫א‬‫א‬‫א‬K
K‫א‬‫א‬‫א‬‫א‬‫א‬

 WAccounting – Rate – of – Return MethodEARRF‫א‬‫א‬

-92-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K ‫א‬‫א‬
 K‫א‬‫א‬‫א‬

E‫א‬F‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬
 Z‫א‬‫א‬
 ‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ J
 K‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬ J
K2‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
‫א‬ ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬،‫א‬

 W
-93-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬8000‫א‬
‫א‬‫א‬ 50000‫א‬‫א‬،‫א‬ 5‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ K‫א‬
 K٪40‫א‬
‫א‬‫א‬‫א‬ ،‫א‬‫א‬W‫א‬
 K‫א‬
 W‫א‬
8000‫א‬‫א‬
‫א‬‫א‬، 80000‫א‬
 ‫א‬‫א‬
 K25000
 0H50000
 2500Z
 2

‫א‬‫א‬٪32‫א‬‫א‬
 K‫א‬‫א‬‫א‬،‫א‬









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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 
 W‫א‬‫א‬‫א‬

‫א‬‫א‬ 45.000‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬5‫א‬‫א‬،

 ‫א‬‫א‬‫א‬‫א‬  ‫א‬

 20.000  1

 13.000  2

 4.000  3

 100.000  4

 7.000  5

 ٪10‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬

 K‫א‬‫א‬ J 1

‫؟‬‫א‬‫؟‬‫א‬‫א‬‫א‬‫א‬‫א‬ J 2


-95-
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

100.000‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬  ‫א‬

 60.000  1

 80.000  2

 100.000  3

 ٪22‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬

 ‫؟‬‫א‬‫א‬، ‫א‬

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  ‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬

6
  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬W‫א‬‫א‬
 W‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬
 W‫א‬‫א‬


 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ •
K‫א‬‫א‬‫א‬‫א‬‫א‬ •
K‫א‬‫א‬ •
K‫א‬‫א‬‫א‬ •
K‫א‬‫א‬‫א‬ •

 7W‫א‬‫א‬‫א‬
 ٪95‫א‬‫א‬‫א‬



 6W‫א‬‫א‬


W‫א‬‫א‬‫א‬‫א‬
Excel •
 •
 •
‫א‬ •

 W‫א‬‫א‬
 K‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬‫א‬

 ،‫א‬‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬،‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬K‫א‬

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ •

K‫א‬‫א‬‫א‬‫א‬‫א‬ •

K‫א‬‫א‬‫א‬ •

K‫א‬‫א‬‫א‬ •

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬

‫א‬‫א‬‫א‬،‫א‬K‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬،

K‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬،
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬،‫א‬
‫א‬‫א‬‫א‬،‫א‬
 ‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬
‫א‬‫א‬
 ،
‫א‬K‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K ‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬
K‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬ ‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
‫א‬
 ‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬
 K

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬
‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

،‫א‬‫א‬،‫א‬‫א‬
‫א‬K ‫א‬100.000‫א‬
‫א‬،9‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬K‫א‬
 W100.000‫א‬‫א‬‫א‬‫א‬

 ‫א‬ ‫א‬‫א‬‫א‬  ‫א‬

 400000  4  ‫א‬

 200000  2  

 200000  2 

 350000  3.5  

 1150000  11.5  ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،،‫א‬

 K

‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬W‫א‬

 K‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬،8‫א‬

10‫א‬‫א‬‫א‬‫א‬KE100000C8F800000‫א‬

KE100000C10F1000000 ‫א‬‫א‬،

‫א‬200000،‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬ ،‫א‬‫א‬

 ‫א‬‫א‬L‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬  ‫א‬‫א‬  ‫א‬

  400000  ‫א‬

  200000  

  200000 

 1000000  E10C100000F‫א‬‫א‬

 1000000  800000  ‫א‬

  200000  ‫א‬‫א‬‫א‬

 1000000  1000000  ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬ ٪60‫א‬‫א‬‫א‬

 K‫א‬،‫א‬‫א‬‫א‬‫א‬،‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E1J 6F‫א‬

 ‫א‬‫א‬L‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬  ‫א‬‫א‬  ‫א‬

  400000  ‫א‬

  200000  

  200000  

  210000 ‫א‬‫א‬‫א‬‫א‬
350000C٪60F‫א‬
 E

 1000000   E10C100000F‫א‬‫א‬

 1000000  1010000  ‫א‬

 10000   ‫א‬‫א‬‫א‬

 1010000  1010000  ‫א‬

‫א‬ ‫א‬‫א‬،‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬
 K‫א‬

‫א‬‫א‬‫א‬
 ‫א‬،‫א‬
10‫א‬،180000،‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬٪
 K‫א‬‫א‬‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E2J 6F‫א‬

 ‫א‬‫א‬L‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬  ‫א‬‫א‬  ‫א‬

  400000  ‫א‬

  200000  

  200000  

  180000  ‫א‬‫א‬‫א‬‫א‬‫א‬

  35000 ‫א‬‫א‬‫א‬‫א‬
E350000C٪10F‫א‬

 1000000   E10C100000F‫א‬‫א‬

 1000000  1015000  ‫א‬

 15000   ‫א‬‫א‬‫א‬‫א‬

 10015000  1015000  ‫א‬

‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K15000

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬

‫א‬K‫א‬،‫א‬

‫א‬‫א‬‫א‬،Joint Products‫א‬

‫א‬‫א‬‫א‬،Joint Costs‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬KSplit-off – Point‫א‬

‫א‬‫א‬‫א‬
 ،‫א‬K‫א‬‫א‬‫א‬

،‫א‬‫א‬

،‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬

 K‫א‬

‫א‬‫א‬‫א‬ ،‫א‬

‫א‬‫א‬‫א‬‫א‬ K

‫א‬‫א‬K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬،‫א‬

 K‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬K‫א‬

‫א‬‫א‬‫א‬‫א‬،‫א‬

‫א‬‫א‬‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬K

 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬،‫א‬K‫א‬

‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬

K‫א‬،

،40000‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬K‫א‬

 W‫א‬‫א‬،

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫ א‬٪482 ٪32 ٪20 

25000 12000  8000  5000 EF‫א‬‫א‬‫א‬

40000 19200  12800 8000  ‫א‬‫א‬‫א‬

50500  3000  40000  7500  ‫א‬‫א‬‫א‬

73000  8500  60000  4500  ‫א‬‫א‬

137150 11400 115000 10750  ‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬W‫א‬
 K‫א‬

 W‫א‬

‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬‫א‬،‫א‬

‫א‬‫א‬‫א‬‫א‬Incremental Approach‫א‬‫א‬J 1
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬
 W‫א‬‫א‬

 K‫א‬‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬Z‫א‬‫א‬‫א‬

‫א‬،3250Z7500–10750Z‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 


 E3J 6F‫א‬

K‫א‬‫א‬L‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬       
86650  8400 75000  3250  ‫א‬‫א‬‫א‬
73000F E8500F 60000F E4500F  ‫א‬‫א‬
 E  E
13650 E100F 15000 E1250F ‫א‬‫א‬E‫א‬F‫א‬

‫א‬‫א‬،‫א‬
‫א‬‫א‬،‫א‬،15000
 K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬–2
‫א‬‫א‬‫א‬Opportunity Cost‫א‬‫א‬
 K‫א‬‫א‬‫א‬
 E4J 6F‫א‬
L‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬
‫א‬       
137150 11400 115000 10750  ‫א‬‫א‬‫א‬‫א‬
     W
E73000F E8500F 60000F E4500F  ‫א‬‫א‬J
 E
E50500F E3000F 40000F E7500F  ‫א‬‫א‬‫א‬J

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E  E‫א‬‫א‬F
13650  100 15000 E1250F ‫א‬‫א‬E‫א‬F‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K

 W‫א‬‫א‬

‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬ J

K‫א‬‫א‬‫א‬‫א‬‫א‬ J

‫א‬،‫א‬‫א‬‫א‬‫ א‬J

K‫א‬‫א‬

K‫א‬‫א‬‫א‬‫א‬ J

‫א‬‫א‬،‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬،‫א‬
‫א‬،
 K‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬

 W

‫א‬‫א‬‫א‬،8‫א‬
 ‫א‬‫א‬
‫א‬‫א‬‫א‬ 5‫א‬‫א‬K100.000
K‫א‬60.000‫א‬‫א‬‫א‬K150.000
 K630.000‫א‬

‫א‬،‫א‬‫א‬
 K‫א‬‫א‬

 W‫א‬

‫א‬،5‫א‬‫א‬،6‫א‬
‫א‬K‫א‬‫א‬‫א‬
30000CE5–6F‫א‬‫א‬‫א‬ 30000‫א‬
‫א‬K‫א‬‫א‬،E
 K‫א‬،‫א‬

 E5J 6F‫א‬

 ‫א‬‫א‬

 E8C60000F‫א‬  480000

5C60000F‫א‬‫א‬  E300000F
 E

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬  180000

 ‫א‬‫א‬  150000

 ‫א‬  30000

 E6J 6F‫א‬

 ‫א‬‫א‬
6C30000FHE8C60000F‫א‬  660000
 E
 E5C90000F‫א‬‫א‬  E450000F
 ‫א‬  210000
 ‫א‬‫א‬  150000
 ‫א‬  60000

،‫א‬ 30000‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬

 E7J 6F‫א‬
 ‫א‬‫א‬‫א‬
 ‫א‬ ‫א‬  ‫א‬
FHE8C60000F‫א‬  660000  480000  180000
 E6C30000

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

5C90000F‫א‬‫א‬ E450000F E30000F E150000F

 E
 ‫א‬  210000  180000  30000
 ‫א‬‫א‬ E150000F E150000F  0
 ‫א‬  60000  30000  30000

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬1.5‫א‬‫א‬

‫א‬،80.000‫א‬‫א‬‫א‬K100.000‫א‬

‫א‬ 360.000‫א‬‫א‬

‫א‬‫א‬K

‫א‬‫א‬‫א‬،30000‫א‬

 K‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬

 K‫א‬‫א‬50000‫א‬

 W‫א‬

 W‫א‬‫א‬

‫א‬،‫א‬‫א‬‫ א‬J

 K2‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫ א‬J

K10000‫א‬،‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬

 E8J 6F‫א‬

 ‫א‬‫א‬‫א‬

 E3C30000‫א‬‫א‬  84000

 E2C30000F‫א‬‫א‬ E60000F

 ‫א‬  24000

E2.5C10000F‫א‬‫א‬‫א‬ E25000F
1


 ‫א‬‫א‬‫א‬  E1000F

،1000‫א‬‫א‬‫א‬‫א‬

K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬

 K‫א‬‫א‬‫א‬

‫א‬،E1.5J 4F2.5‫א‬‫א‬J 1
،‫א‬10000‫א‬‫א‬‫א‬
 KE2.5C10000F25000‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

Valuation Of Periodic Inventories W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬ ‫א‬–‫א‬‫א‬ 

،‫א‬‫א‬‫א‬‫א‬–‫א‬
‫א‬‫א‬‫א‬ K‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬K
 K‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬K‫א‬‫א‬
K‫א‬‫א‬‫א‬Physical Count 
‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬
‫א‬،L1018
 J W32‫א‬
 ‫ א‬ ‫א‬  ‫א‬ 

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 180  10.0  18 1‫א‬

 105  10.5  10  11
 132  11.00  12  25
 160  12.00  10  30

 573   50  ‫א‬‫א‬

K50‫א‬‫א‬30‫א‬
 J W‫א‬K20‫א‬

 8  

 5  17

 17  28

 30  ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬––‫א‬‫א‬K20
‫א‬‫א‬،‫א‬‫א‬‫א‬،
‫א‬‫א‬،‫א‬‫א‬
 K‫א‬

 First – in – First-Out(FIFO) W‫א‬‫א‬

K‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

357180 ‫א‬
 K537‫א‬‫א‬

،‫א‬
 20‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬– ‫א‬‫א‬–
 W‫א‬،

120.00  16 30‫א‬  10

 

 110.00  11 25‫א‬  10
 

 230.00     20

 W307‫א‬‫א‬

 537  ‫א‬‫א‬

 230  ‫א‬

 307  ‫א‬‫א‬

 Last – in . First – Out ( LIFO ) W‫א‬‫א‬‫א‬

‫א‬ ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬K‫א‬‫א‬
 WK‫א‬‫א‬‫א‬

  
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

180 10‫א‬18

 21 10.5112

 201  ‫א‬20

 W‫א‬‫א‬‫א‬

 537  ‫א‬‫א‬

 201  ‫א‬

 336  ‫א‬‫א‬

 Weighted Average W‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬

 W

 L10.74Z537Z‫א‬‫א‬

 50‫א‬‫א‬‫א‬

‫א‬‫ א‬ 

20‫א‬‫א‬L10.74‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬، 214.8Z1074C20،

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K322.2‫א‬‫א‬‫א‬K

Valuation of Perpetual Inventories W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬
،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬E‫א‬F،‫א‬‫א‬
 K‫א‬‫א‬

–‫א‬‫א‬–‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬
‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬
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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 Specific Identification W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬
KK‫א‬‫א‬‫א‬‫א‬‫א‬،،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬ K
‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

 First – IN . First – Out ( FIFO ) W

 ‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬E5F‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬517،‫א‬
E‫א‬10F11‫א‬‫א‬ 15
1728،‫א‬‫א‬ 5
11‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬ 
‫א‬‫א‬،11‫א‬‫א‬،
 K25‫א‬

 ‫א‬‫א‬‫א‬‫א‬ ‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E9J 6F‫א‬‫א‬

  ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 E‫א‬‫א‬F

 ‫א‬  ‫א‬  ‫א‬

          ‫א‬
‫ א‬‫א‬‫ א‬‫ א‬‫ א‬‫א‬‫ א‬‫א‬ ‫ א‬‫א‬‫א‬

180  18    180 10  18   1

100  10 80 10  8    ‫א‬8  3

100  20    105 10.5  10 10‫א‬  11

 ‫א‬

155  15 50 10  5    ‫א‬5  17

287  27    132 11  12 12‫א‬  25

 

  50 10  5    17  28

  105 10.5  10     

110  10 22 11  2     

130  20    120 12  10 10‫א‬  30

 ‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E5F

 Last – In . First – Out (LIFO) W‫א‬‫א‬‫א‬

‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 

‫א‬K‫א‬‫א‬‫א‬‫א‬

،‫א‬10‫א‬‫א‬8،‫א‬E6F

‫א‬‫א‬‫א‬K‫א‬‫א‬‫א‬‫א‬

25‫א‬121728

10‫א‬‫א‬،11‫א‬‫א‬5

 K‫א‬10‫א‬

‫א‬‫א‬
 ‫א‬‫א‬ ‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬220،‫א‬‫א‬ 201‫א‬

‫א‬ ‫א‬‫א‬‫א‬،‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬،‫א‬

 K

 Moving Average W‫א‬‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬ 

،‫א‬E7F‫א‬،‫א‬‫א‬‫א‬‫א‬

1011‫א‬‫א‬‫א‬‫א‬‫א‬

،L10.5‫א‬‫א‬10L10‫א‬

‫א‬،L10.25‫א‬‫א‬

 K20205

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

،‫א‬‫א‬‫א‬‫א‬‫א‬،

،‫א‬‫א‬‫א‬–‫א‬‫א‬–

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E10J 6F‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬0‫א‬‫א‬‫א‬

 E‫א‬‫א‬F

 ‫א‬  ‫א‬  ‫א‬

          ‫א‬
‫ א‬‫א‬‫ א‬‫ א‬‫ א‬‫א‬‫ א‬‫א‬ ‫ א‬‫א‬‫א‬

180  18    180 10  18   1

100  10 80 10  8    ‫א‬8  3

205  20    105 10.5  10 10‫א‬  11

 ‫א‬

152.5  15 52.5 10.5  5    ‫א‬5  17

284.5  27    132 11  12 12‫א‬  25

 

  132 11  12    17  28

100  10 52.5 10.5  5     

130  20    120 12  10 10‫א‬  30

 ‫א‬

 E6F

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 E11J 6F‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 E‫א‬‫א‬F

 ‫א‬  ‫א‬  ‫א‬

          ‫א‬
‫א‬  ‫א‬ ‫א‬‫א‬ ‫א‬  ‫א‬ ‫א‬‫ א‬‫ א‬‫ א‬‫א‬‫א‬

180  10 18    180 10 18  1

8
100  10 10  80  10  8     3
‫א‬
‫א‬
205 10.25 20    105 10.5 10 10  11
‫א‬

5
153.75 10.25 15 51.25 10.25  5     17
‫א‬
‫א‬
285.75 10.5833 27    132 11 12 12  25

17
105.83 10.5833 10 179.92 10.5833 17     28

‫א‬
225.83 11.2915 20    120 12 10  30
10

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

‫א‬
 E7F

 

 W‫א‬‫א‬‫א‬

،
 ‫א‬

‫א‬K50.000‫א‬‫א‬‫א‬

15000‫א‬،20000‫א‬‫א‬10.000

‫א‬‫א‬‫א‬‫א‬K45000

 W‫א‬‫א‬،‫א‬ K

 ‫א‬‫א‬‫א‬  ‫א‬‫א‬  ‫א‬

 35000  12000  

 60000  18000  

 W‫א‬

‫א‬‫א‬‫א‬ ‫א‬‫א‬
 0


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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

،A501‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬200.000 ‫א‬
 W‫א‬

   500.000

   300.000

   200.000

 ‫א‬ 1.000.000

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
،‫א‬‫א‬80.000 ‫א‬‫א‬K750.000
 K‫א‬‫א‬‫א‬٪10

 W‫א‬

،‫א‬‫א‬‫א‬‫א‬A501‫א‬،‫א‬‫א‬
 K

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬‫א‬‫א‬
K0.18‫א‬200.000‫א‬‫א‬‫א‬K250.000
 E200000F‫א‬‫א‬‫א‬

0.080  

 7500  

0.020  ‫א‬

 1500  ‫א‬

‫א‬،0.11040.000 ‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬٪50،‫א‬‫א‬
 K

 W‫א‬

‫א‬،‫א‬،‫א‬‫א‬
 K‫א‬‫א‬

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬‫א‬
 ‫א‬‫א‬
 J W‫א‬‫א‬‫א‬
 K–E1F
 K–E2F
 K–E3F
 KJ E4F

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬
 J W‫א‬‫א‬‫א‬
 K–E1F
 K–E2F
 K–E3F
 KJ E4F
 W‫א‬‫א‬‫א‬
 ‫א‬‫א‬
 Z‫א‬‫א‬–1
 E‫א‬‫א‬–‫א‬F  
 150000
 12500ZEFZ
 18J 30     
 E‫א‬‫א‬–‫א‬F
 Z‫א‬–2
 E‫א‬F  
 18–30
 ٪40ZZ
 30

 ‫א‬‫א‬
 Z‫א‬–3
 E‫א‬F  
 150000
 375000ZEFZ
 ٪40  
‫א‬‫א‬
‫א‬

–1H‫א‬‫א‬
 Z‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬–4

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 E‫א‬F  
 E٪20–1FD120000FH150000
 FZ
 18J 30     

 2500Z    
 ‫א‬–‫א‬‫א‬
 Z‫א‬–5
 ‫א‬‫א‬  
 
 12500J 18000
 ٪30.55ZEFZ
 18000     

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬
 W‫א‬‫א‬‫א‬
 K–E1F
 K–E2F
 K–E3F
 KJ E4F

 W‫א‬‫א‬‫א‬

 E‫א‬‫א‬‫א‬‫א‬F
 ‫א‬‫א‬
 2002L12L31‫א‬‫א‬‫א‬
 ‫א‬  ‫א‬  ‫א‬
 8000  15000  ‫א‬‫א‬‫א‬
 125  80  ‫א‬
 1000000  1200000  ‫א‬


 ‫א‬‫א‬
 2002L12L31‫א‬‫א‬‫א‬
 ‫א‬  ‫א‬  ‫א‬
 8000  15000  ‫א‬‫א‬‫א‬
 3500  2000  ‫א‬H
 E4500F  E3000F  ‫א‬J
 7000  14000  ‫א‬‫א‬‫א‬‫א‬

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

 E‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬F
 ‫א‬‫א‬‫א‬‫א‬
 40000  E8C5000F‫א‬‫א‬‫א‬‫א‬
 24000  E4C6000F‫א‬‫א‬‫א‬‫א‬‫א‬
 64000  ‫א‬
 4000  ‫א‬
 E2500F  ‫א‬
 65500  ‫א‬‫א‬‫א‬
 5  ‫א‬‫א‬
 327500  ‫א‬‫א‬‫א‬

 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬FW‫א‬‫א‬‫א‬‫א‬


 ‫א‬‫א‬
 ‫א‬  ‫א‬  ‫א‬‫א‬ 
4200000  70  60000  ‫א‬
 
 4000000  100  40000  ‫א‬
 8200000    ‫א‬‫א‬


 ‫א‬‫א‬
 ‫א‬  ‫א‬ 
 40000  60000  ‫א‬‫א‬
 9000  25000  ‫א‬‫א‬‫א‬W
8000F 20000F  ‫א‬W
 E  E
 41000  65000  ‫א‬‫א‬‫א‬
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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 


 ‫א‬‫א‬‫א‬‫א‬
‫א‬  ‫א‬  ‫א‬ 
  130000  260000  65000‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
41000  123000  205000  41000‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
41000  253000  465000  ‫א‬
7000  32000  36000  ‫א‬
6000  29000  32000  ‫א‬
42000  256000  469000  ‫א‬‫א‬‫א‬
 3  5  8  ‫א‬‫א‬
126000  1280000 3752000  ‫א‬


 ‫א‬‫א‬‫א‬
‫א‬ ‫א‬  ‫א‬‫א‬ ‫א‬ 
     ‫א‬  ‫א‬  ‫א‬
 390000  3  130000  2  65000  ‫א‬
 492000  4  123000  3  41000  ‫א‬
 882000      ‫א‬

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬

–‫א‬‫א‬‫א‬‫א‬Z‫א‬‫א‬‫א‬‫א‬‫א‬ 
 KE‫א‬‫א‬‫א‬‫א‬

 KE2.8C2.5C10000F–E3C2C10000Z

 K‫א‬‫א‬10000Z70000–60000Z

10000‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬

 KCE–FZ‫א‬‫א‬‫א‬‫א‬‫א‬

0.5‫א‬‫א‬‫א‬‫א‬‫א‬
‫א‬‫א‬‫א‬10000،E2–2.5F
‫א‬‫א‬‫א‬،5000Z0.5C10000‫א‬
15000Z3C5000Z‫א‬‫א‬‫א‬‫א‬K3‫א‬
 ‫א‬‫א‬
 K‫א‬‫א‬

 KCE–FZ‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬5000Z25000CE2.8–3FZ

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬ 3‫א‬‫א‬‫א‬‫א‬
KE2.8–3F0.2‫א‬‫א‬،2.8

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K

 K‫א‬‫א‬800Z40000E2.8–3FZ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬H‫א‬‫א‬‫א‬‫א‬Z‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬15000H‫א‬‫א‬5000Z

 K‫א‬‫א‬10000Z

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬ ‫א‬‫א‬
‫א‬‫א‬K‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬،‫א‬‫א‬‫א‬
 2003‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 E5F  E4F  E3F  E2F  E1F

 4C3 ‫א‬‫א‬  2–1 ‫א‬‫א‬ ‫א‬‫א‬
 ‫א‬
‫א‬‫א‬‫ א‬ ‫א‬ ‫א‬‫א‬
50000 25000  0.2 2.8  3  X 123
 ‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬


 2003‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 E5F  E4F  E3F  E2F  E1F 
 4C3 ‫א‬‫ א‬ 2–1 ‫א‬ ‫א‬  ‫א‬
‫א‬‫א‬‫ א‬‫א‬‫א‬ ‫א‬  ‫א‬  ‫א‬
 ‫א‬
15000  3 5000 25000 20000  X 123
 
 ‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬
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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 


 2003‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 E3F  E2F  E1F 
 2H1  ‫א‬‫א‬‫א‬  ‫א‬‫א‬‫א‬  ‫א‬
 ‫א‬‫א‬‫א‬
‫א‬‫א‬10000 ‫א‬‫א‬15000 ‫א‬‫א‬5000  X 123
     
‫א‬‫א‬F،E‫א‬‫א‬W‫א‬‫א‬‫א‬FW‫א‬‫א‬‫א‬‫א‬
 E‫א‬‫א‬‫א‬
 W‫א‬‫א‬‫א‬
‫א‬‫א‬–‫א‬‫א‬‫א‬FZ ‫א‬‫א‬‫א‬‫א‬
 E‫א‬
 E1.2C10000C3.5F–E1C10000C3FZ  
 K12000Z42000–30000Z

‫א‬12000‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 ECF–ECFZ‫א‬‫א‬‫א‬‫א‬

 E12000C3F–E10000C3FZ

 ‫א‬‫א‬6000Z36000–30000Z

 CE–F

 3CE12000–10000FZ

 K‫א‬‫א‬6000Z3C2000Z

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K2000‫א‬‫א‬‫א‬‫א‬‫א‬

 ECF–ECFZ‫א‬‫א‬‫א‬

 E12000C3.5F–E12000C3FZ

 K‫א‬‫א‬6000Z4200–36000Z

 CE–F

 Z12000CE3.5–3FZ

 K‫א‬‫א‬6000Z12000C0.50Z

 K‫א‬‫א‬،‫א‬‫א‬‫א‬

0.50‫א‬‫א‬‫א‬‫א‬‫א‬
 ،6000
 K

 ‫א‬‫א‬‫א‬H‫א‬‫א‬‫א‬Z‫א‬‫א‬‫א‬‫א‬

 6000H6000Z   

 K‫א‬‫א‬12000Z   

 W‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 2003‫א‬‫א‬‫א‬‫א‬‫א‬
 E5F  E4F  E3F  E2F  E1F
 4C3   2–1 ‫א‬ ‫א‬
‫א‬
‫א‬‫א‬ ‫א‬ ‫א‬ ‫א‬ ‫א‬
‫א‬  ‫א‬  ‫א‬    
 6000
 12000
0.50  3.5  3  
   

 ‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬

 2003‫א‬‫א‬‫א‬‫א‬‫א‬
 E5F  E4F  E3F  E2F
 E1F
 4C3 ‫א‬  2–1 

‫א‬‫א‬ ‫ א‬‫ א‬‫א‬‫א‬ ‫א‬
‫א‬
 ‫א‬   ‫א‬
 ‫א‬
 ‫א‬‫א‬
6000
 12000
  3 2000  10000  
 

 ‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬

 2003‫א‬‫א‬‫א‬‫א‬‫א‬
 E3F  E2F
 E1F
 E2H1F ‫א‬‫א‬‫א‬ ‫א‬
‫א‬‫א‬‫א‬
 ‫א‬‫א‬‫א‬
6000
 12000 6000  
 
 ‫א‬‫א‬W‫א‬‫א‬‫א‬‫א‬
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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬‫א‬

 W‫א‬

‫א‬FZE‫א‬‫א‬F‫א‬‫א‬‫א‬‫א‬‫א‬
18FZE‫א‬‫א‬‫א‬‫א‬F–E‫א‬‫א‬‫א‬
‫א‬‫א‬94500F–E10000C ‫א‬‫א‬
 KE‫א‬‫א‬‫א‬‫א‬‫א‬81900H‫א‬‫א‬‫א‬

 K‫א‬‫א‬3600Z176400–180000Z

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬–‫א‬‫א‬‫א‬‫א‬‫א‬FZ
 ‫א‬‫א‬‫א‬
 KE‫א‬‫א‬‫א‬‫א‬

 KE94500F–E5C2C10000FZ

 ‫א‬‫א‬5500Z94500–100000Z

F–E‫א‬‫א‬C‫א‬‫א‬‫א‬FZ ‫א‬‫א‬‫א‬
 E

 KE94500F–E5C21000FZ
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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 K‫א‬‫א‬10500Z94500–105000Z

 W‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬CE‫א‬‫א‬–‫א‬‫א‬F

 21000CE21000D94500–5FZ

 K‫א‬‫א‬10500Z21000CE4.5–5FZ

C‫א‬‫א‬F–E‫א‬‫א‬‫א‬‫א‬FZE‫א‬F‫א‬‫א‬‫א‬
 KE‫א‬‫א‬

 E5C21000F–E5C2C10000FZ

 K‫א‬‫א‬5000Z105000–100000Z

 W‫א‬‫א‬‫א‬‫א‬‫א‬

‫א‬CE‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬‫א‬F
 K‫א‬

 K5CE21000–2C10000FZ

 K‫א‬‫א‬5000Z5CE21000–20000FZ

 K‫א‬‫א‬‫א‬H‫א‬‫א‬‫א‬Z‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬5500Z‫א‬‫א‬5000–‫א‬‫א‬10500Z

‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 KE‫א‬F‫א‬‫א‬‫א‬‫א‬E‫א‬F‫א‬‫א‬‫א‬

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬‫א‬FZ‫א‬‫א‬‫א‬
 KE‫א‬‫א‬‫א‬

 KE81900F–E4C2C10000FZ

 ‫א‬‫א‬1900ZZ81900–80000Z

F–E‫א‬‫א‬FZE‫א‬‫א‬F‫א‬‫א‬‫א‬
 E

 E81900F–E4C18000FZ

 K‫א‬‫א‬9900Z81900–72000Z

‫א‬‫א‬‫א‬F–E ‫א‬‫א‬‫א‬‫א‬‫א‬FZ ‫א‬‫א‬‫א‬

 E‫א‬‫א‬

 E72000F–E4C2C10000FZ

 K‫א‬‫א‬8000Z72000–80000Z

 W‫א‬‫א‬‫א‬‫א‬‫א‬

CE‫א‬‫א‬‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬‫א‬F
 ‫א‬‫א‬

 4CE18000–2C10000FZ

 K‫א‬‫א‬8000Z4CE18000–20000FZ

 ‫א‬‫א‬‫א‬H‫א‬‫א‬‫א‬Z‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

 K‫א‬‫א‬1900Z‫א‬‫א‬8000–‫א‬‫א‬9900Z

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬

 W‫א‬‫א‬‫א‬

 W‫א‬

‫א‬‫א‬ E٪10F‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬ ‫א‬

 18180  0.909  20.000  1

 10738  0.826  13.000  2

 3004  0.751  4.000  3

 6830  0.683  10.000  4

 4347  0.621  7.000  5

 43099   ‫א‬

 W‫א‬‫א‬‫א‬

 W‫א‬

‫א‬‫א‬ E٪22F‫א‬‫א‬ ‫א‬‫א‬‫א‬‫א‬ ‫א‬

 49200  0.820  60.000  1

 52000  0.650  80.000  2

 52400  0.524  100.000  3

 153600   ‫א‬

 153600
 1.536ZZ‫א‬
 100.000    

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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 W‫א‬‫א‬

 E‫א‬‫א‬‫א‬‫א‬FW‫א‬‫א‬‫א‬

    

 15000  E20000–35000F‫א‬‫א‬‫א‬
 15000
 E450000–60000F‫א‬‫א‬‫א‬

E18000F  E12000F  ‫א‬‫א‬

 E3000F  3000  ‫א‬‫א‬E‫א‬F‫א‬

 K‫א‬‫א‬‫א‬

 E‫א‬‫א‬‫א‬‫א‬‫א‬FW‫א‬‫א‬‫א‬

‫א‬‫א‬  ‫א‬‫א‬‫א‬  ‫א‬

  75000  W‫א‬‫א‬
  W‫א‬
 500000  K •
 80000
K •
 20000
 K •

 600000  75000  ‫א‬

 150000   ‫א‬‫א‬‫א‬

 K‫א‬‫א‬‫א‬‫א‬


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   ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬‫א‬ 

 WE‫א‬‫א‬FW‫א‬‫א‬‫א‬

  ‫א‬‫א‬‫א‬

 E0.11C40000F‫א‬‫א‬  4400
GE0.010H0.080F–0.110
 ‫א‬‫א‬  3600
40.000

E٪50C0.020H0.080FC40000F
 800Z
 ‫א‬‫א‬‫א‬  800

 K400‫א‬‫א‬‫א‬،‫א‬

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  ‫א‬‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬‫א‬

 W‫א‬‫א‬‫ א‬J 1

 ،‫א‬W

 K‫א‬،‫א‬‫א‬–‫א‬‫א‬LW

 W‫א‬‫א‬–2

،‫א‬‫א‬‫א‬‫א‬–‫א‬‫א‬‫א‬‫א‬–‫א‬‫א‬L
 K1994L1415

 WE‫א‬‫א‬‫א‬F‫א‬‫א‬‫א‬–3

 K‫א‬‫א‬‫א‬–2002،‫א‬LJ L

 E‫א‬‫א‬‫א‬F‫א‬‫א‬‫א‬–4

 K1997–‫א‬–،‫א‬‫א‬‫א‬،–‫א‬L

 W‫א‬‫א‬‫א‬‫א‬–5

 K1996––‫א‬‫א‬‫א‬‫א‬،‫א‬‫א‬L

 W‫א‬‫א‬‫א‬–6

 K1999–‫א‬–،‫א‬‫א‬،‫א‬،‫א‬L

 W‫א‬‫א‬‫א‬–7

K2000–‫א‬––‫א‬،‫א‬‫א‬‫א‬L

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  ‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 ‫א‬
 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 1K K K K K K K K K K K K K K K K K K K K K K K K K ‫א‬‫א‬‫א‬W‫א‬‫א‬
 1 K K K K K K K K K K K K K K K K K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 2K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 4 K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 5K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 7 K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬
 7 K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬
 7K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 11 K K K K K K K K K K K K K K K K K ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬
 11 K K K K K K K K K K K K K K K K K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 12 K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 14 K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬
 17 K K K K K K K K K K K K K K K K K E‫א‬F‫א‬‫א‬‫א‬‫א‬
 21 K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬
 23 K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 25 K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬
 27 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬
 29 K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬
 30 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 31 K K K K K K K K K K K K K K K K K K K ‫א‬‫א‬‫א‬‫א‬W‫א‬‫א‬
 31 K K K K K K K K K K K K K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 33 K K K K K K K K K K Nature and Objectives of BudgetsW‫א‬‫א‬‫א‬‫א‬
 34 K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 35 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬
 38 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬
 40 K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬
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  ‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 42 K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬
 43 K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬
 46 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 51 K K K K K K K K K K K K K K K K K K K K K K K K ‫א‬‫א‬W‫א‬‫א‬‫א‬
 51 K K K K K K K K K K K K K K K K K K K K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 52 K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬
 54 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬
 54 K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬
 55 K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 56 K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 57 K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 58 K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬
 60 K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 61 K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 62 K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 62 K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 67 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 71 K K K K K K K K K K K K K K K K K K K K K K K K ‫א‬‫א‬‫א‬W‫א‬‫א‬
 71 K K K K K K K K K K K K K K K K K K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 75 K K K K K K K K K K K K K WCapital Budgeting Methods‫א‬‫א‬
 76 K K K K K K K K K K K K K K K K WThe Time Value Of Money‫א‬‫א‬
 79 K K K K K K K K K K K K K Net – Present – Value Method‫א‬‫א‬
 83 K K K K K K K K K K Internal-Rate-Of-Return(IRR)MethodW‫א‬‫א‬‫א‬
 87 K K K K K K K K K K K K K K K K K K K WProfitability Index‫א‬
 89 K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬
 92 K K K K K WAccounting – Rate – of – Return MethodEARRF‫א‬‫א‬
 95 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 97 K K K K K K K K K K K K K K K K K K K ‫א‬‫א‬‫א‬W‫א‬‫א‬
 97 K K K K K K K K K K K K K K‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬

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  ‫א‬  ‫א‬‫א‬‫א‬‫א‬  
 ‫א‬‫א‬‫א‬ 

 98 K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 104 K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬‫א‬‫א‬‫א‬
 108 K K K K K K K K K K K K K K K K K K K K K K K K K K K K W‫א‬‫א‬
 113 K K K K K K K K Valuation Of Periodic InventoriesW‫א‬‫א‬‫א‬
 117 K K K K K K K K Valuation of Perpetual InventoriesW‫א‬‫א‬‫א‬
 126 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K 
 107 K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K K ‫א‬‫א‬

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 ‫א‬‫א‬‫א‬‫א‬‫א‬‫א‬
 ‫א‬E‫א‬F‫א‬‫א‬
GOTEVOT appreciates the financial support provided by BAE SYSTEMS