Operations of the company would want success in their business and profit growth is very rapid so as to make companies grow and expand its business in various places. This research is to explain what funding policies that exist in the company and explain the average cost capital that exist in the company by examining both of these to achieve an appropriate and logical decisions. This study is also intended to inform the final results of the study in terms of its funding policy linkage with bankruptcy prediction, the weighted average cost capital of bankruptcy prediction also its association with the funding policy and the weighted average cost of the company's bankruptcy prediction. Data analysis was conducted by the authors is the quantitative approach. PT. Multi Bintang Tbk, has both its value in 2012 and experienced a period in which the smallest value of the company in 2014. PT. Ultrajaya Milk Industry & Trading Company Tbk, has the best value of the company in 2014 and experienced the worst value of the company in 2008. PT. Multi Bintang Tbk, has a pretty good financial management so that the company can increase its value even though there are currently companies decreased drastically. Meanwhile, PT. Ultrajaya Milk Industry & Trading Company Tbk, has a very good financial management because the company can continue to stabilize the company and gradually raise the value of the company. The results showed that the DER at PT . Multi Bintang Tbk , has a number of negative and both variable DER and WACC have no real influence or no significant effect on the Z -Score . At PT . Ultrajaya Milk Industry & Trading Company Tbk , DER at the company also has a number of negative and both variables DER and WACC have no real influence or no significant effect on the existing Z -Score in the company . Key Words : Funding policies and Weighted Average Cost .