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Financial Management: Core Concepts (3rd Global Edition)

Download Financial Management: Core Concepts (3rd Global Edition) written by Raymond Brooks in PDF format. This book is under the category Finance and bearing the isbn/isbn13 number 1292101423; 0133866696; 013400423X/9781292101422/ 9780133866698/ 9780134004235. You may reffer the table below for additional details of the book.

$19.99

Specifications

book-author

Raymond Brooks

publisher

Pearson; 3rd edition (global)

file-type

PDF

pages

688 pages

language

English

isbn10

1292101423; 0133866696; 013400423X

isbn13

9781292101422/ 9780133866698/ 9780134004235


Book Description

Brooks’ Financial Management: Core Concepts; 3rd Global edition; (PDF) is the perfect source material for non-finance majors seeking to learn the main elements of financial operations. The textbook stresses on the students’ ability to understand complex financial concepts by centering its material around three main learning skills: using tools; making connections; and studying for success. Students are motivated to start by mastering the major concepts of finance; and then to test their knowledge by making connections between ideas and applying them to real-world situations.

The 3rd Edition (global) contains the most latest information in financial concepts; together with enhanced and expanded versions of existing subject matter. Financial Management 3e makes the topic of finance interesting and accessible to non-finance majors by relating it to their own personal expenditures and examining the importance of this field across all disciplines.

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NOTE: The product includes the ebook; Financial Management: Core Concepts; 3rd Global Edition in PDF. No access codes are included.

book-author

Raymond Brooks

publisher

Pearson; 3rd edition (global)

file-type

PDF

pages

688 pages

language

English

isbn10

1292101423; 0133866696; 013400423X

isbn13

9781292101422/ 9780133866698/ 9780134004235

Table of contents


Table of contents :
Cover
Title Page
Copyright Page
ABOUT THE AUTHOR
ACKNOWLEDGMENTS
Contents
PART 1 Fundamental Concepts and Basic Tools of Finance
1 Financial Management
1.1 The Cycle of Money
1.2 Overview of Finance Areas
1.3 Financial Markets
1.4 The Finance Manager and Financial Management
1.5 Objective of the Finance Manager
Profit Maximization
Maximizing Current Stock Price
Maximizing Equity Value
1.6 Internal and External Players
1.7 The Legal Forms of Business
Proprietorship
Partnership
Corporations
Hybrid Corporations
Not-for-Profit Corporations
1.8 The Financial Management Setting: The Agency Model
1.9 Corporate Governance and Business Ethics
FINANCE FOLLIES The Financial Meltdown of 2008
1.10 Why Study Finance?
PUTTING FINANCE TO WORK Now Hiring
Key Terms
Questions
Prepping for Exams
MINI-CASE Richardses’ Tree Farm Grows Up
Summary Card at end of text
2 Financial Statements
2.1 Financial Statements
The Balance Sheet
The Income Statement
Statement of Retained Earnings
2.2 Cash Flow Identity and the Statement of Cash Flows
The First Component: Cash Flow from Assets
The Second Component: Cash Flow to Creditors
The Third Component: Cash Flow to Owners
Putting It All Together: The Cash Flow Identity
The Statement of Cash Flows
Free Cash Flow
2.3 Financial Performance Reporting
Regulation Fair Disclosure
Notes to the Financial Statements
2.4 Financial Statements on the Internet
PUTTING FINANCE TO WORK Look Before You Leap
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Hudson Valley Realty
Summary Card at end of text
3 The Time Value of Money (Part 1)
3.1 Future Value and Compounding Interest
The Single-Period Scenario
The Multiple-Period Scenario
Methods of Solving Future Value Problems
3.2 Present Value and Discounting
The Single-Period Scenario
The Multiple-Period Scenario
The Use of Time Lines
3.3 One Equation and Four Variables
3.4 Applications of the Time Value of Money Equation
PUTTING FINANCE TO WORK Sports Agent
3.5 Doubling of Money: The Rule of
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Richardses’ Tree Farm, Inc.: The Continuing Saga
Summary Card at end of text
4 The Time Value of Money (Part 2)
4.1 Future Value of Multiple Payment Streams
4.2 Future Value of an Annuity Stream
Future Value of an Annuity: An Application
4.3 Present Value of an Annuity
4.4 Annuity Due and Perpetuity
PUTTING FINANCE TO WORK Modeling the Future with Actuarial Science
Perpetuity
4.5 Three Loan Payment Methods
Interest and Principal at Maturity of Loan (Discount Loan)
Interest as You Go, Principal at Maturity of Loan (Interest-Only Loan)
Interest and Principal as You Go (Amortized Loan)
4.6 Amortization Schedules
4.7 Waiting Time and Interest Rates for Annuities
4.8 Solving a Lottery Problem
4.9 Ten Important Points about the TVM Equation
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Fitchminster Injection Molding, Inc.: Rose Climbs High
Summary Card at end of text
5 Interest Rates
5.1 How Financial Institutions Quote Interest Rates: Annual and Periodic Interest Rates
5.2 Effect of Compounding Periods on the Time Value of Money Equations
5.3 Consumer Loans and Amortization Schedules
5.4 Nominal and Real Interest Rates
5.5 Risk-Free Rate and Premiums
Maturity Premiums
5.6 Yield Curves
5.7 A Brief History of Interest Rates and Inflation in the United States
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Sweetening the Deal: Povero Construction Company
Summary Card at end of text
PART 2 Valuing Stocks and Bonds and Understanding Risk and Return
6 Bonds and Bond Valuation
6.1 Application of the Time Value of Money Tool: Bond Pricing
Key Components of a Bond
Pricing a Bond in Steps
6.2 Semiannual Bonds and Zero-Coupon Bonds
Pricing Bonds after Original Issue
Zero-Coupon Bonds
Amortization of a Zero-Coupon Bond
6.3 Yields and Coupon Rates
The First Interest Rate: Yield to Maturity
The “Other” Interest Rate: Coupon Rate
Relationship of Yield to Maturity and Coupon Rate
6.4 Bond Ratings
6.5 Some Bond History and More Bond Features
6.6 U.S. Government Bonds
PUTTING FINANCE TO WORK Municipal Manager
Pricing a U.S. Government Note or Bond
Pricing a Treasury Bill
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Bay Path Cranberry Products
Summary Card at end of text
7 Stocks and Stock Valuation
7.1 Characteristics of Common Stock
Ownership
Claim on Assets and Cash Flow (Residual Claim)
Vote (Voice in Management)
No Maturity Date
Dividends and Their Tax Effect
Authorized, Issued, and Outstanding Shares
Treasury Stock
Preemptive Rights
7.2 Stock Markets
Primary Markets
Secondary Markets: How Stocks Trade
Bull Markets and Bear Markets
7.3 Stock Valuation
The Constant Dividend Model with an Infinite Horizon
The Constant Dividend Model with a Finite Horizon
The Constant Growth Dividend Model with an Infinite Horizon
The Constant Growth Dividend Model with a Finite Horizon
Nonconstant Growth Dividends
FINANCE FOLLIES Irrational Expectations: Bulbs and Bubbles
7.4 Dividend Model Shortcomings
7.5 Preferred Stock
7.6 Efficient Markets
Operational Efficiency
Informational Efficiency
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Lawrence’s Legacy: Part 1
Summary Card at end of text
8 Risk and Return
8.1 Returns
Dollar Profits and Percentage Returns
Converting Holding Period Returns to Annual Returns
Extrapolating Holding Period Returns
8.2 Risk (Certainty and Uncertainty)
FINANCE FOLLIES “Dangerous to Your Wealth”: Is Investing Just Gambling?
8.3 Historical Returns
8.4 Variance and Standard Deviation as a Measure of Risk
Normal Distributions
8.5 Returns in an Uncertain World (Expectations and Probabilities)
FINANCE FOLLIES “Scam of the Century”: Bernie Madoff and the $50 Billion Fraud
Determining the Probabilities of All Potential Outcomes
8.6 The Risk-and-Return Trade-Off
Investment Rules
8.7 Diversification: Minimizing Risk or Uncertainty
When Diversification Works
Adding More Stocks to the Portfolio: Systematic and Unsystematic Risk
8.8 Beta: The Measure of Risk in a Well- Diversified Portfolio
8.9 The Capital Asset Pricing Model and the Security Market Line
The Capital Asset Pricing Model
Application of the SML
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Lawrence’s Legacy: Part 2
Summary Card at end of text
PART 3 Capital Budgeting
9 Capital Budgeting Decision Models
9.1 Short-Term and Long-Term Decisions
9.2 Payback Period
FINANCE FOLLIES IBM Exits the Consumer Software Market: Misreading Future Cash Flows
Discounted Payback Period
9.3 Net Present Value
Mutually Exclusive versus Independent Projects
Unequal Lives of Projects
Net Present Value Example: Equation and Calculator Function
9.4 Internal Rate of Return
Appropriate Discount Rate or Hurdle Rate
Problems with the Internal Rate of Return
Multiple Internal Rates of Return
PUTTING FINANCE TO WORK Marketing and Sales: Your Product = Your Customer’s Capital Budgeting Decision
Reinvestment and Crossover Rates
Modified Internal Rate of Return
9.5 Profitability Index
9.6 Overview of Six Decision Models
Capital Budgeting Using a Spreadsheet
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE BioCom, Inc.: Part 1
Summary Card at end of text
10 Cash Flow Estimation
10.1 The Importance of Cash Flow
10.2 Estimating Cash Flow for Projects: Incremental Cash Flow
Sunk Costs
Opportunity Costs
Erosion Costs
Synergy Gains
Working Capital
FINANCE FOLLIES Boston’s “Big Dig” Gets Dug Under
10.3 Capital Spending and Depreciation
Straight-Line Depreciation
Modified Accelerated Cost Recovery System
10.4 Cash Flow and the Disposal of Capital Equipment
10.5 Projected Cash Flow For a New Product
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE BioCom, Inc.: Part 2, Evaluating a New Product Line
Summary Card at end of text
11 The Cost of Capital
11.1 The Cost of Capital: A Starting Point
11.2 Components of the Weighted Average Cost of Capital
Debt Component
Preferred Stock Component
Equity Component
Retained Earnings
The Debt Component and Taxes
11.3 Weighting the Components: Book Value or Market Value?
Book Value
Adjusted Weighted Average Cost of Capital
Market Value
11.4 Using the Weighted Average Cost of Capital in a Budgeting Decision
Individual Weighted Average Cost of Capital for Individual Projects
11.5 Selecting Appropriate Betas for Projects
11.6 Constraints on Borrowing and Selecting Projects for the Portfolio
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE BioCom, Inc.: Part 3, A Fresh Look at the WACC
Summary Card at end of text
PART 4 Financial Planning and Evaluating Performance
12 Forecasting and Short-Term Financial Planning
12.1 Sources and Uses of Cash
12.2 Cash Budgeting and the Sales Forecast
Cash Inflow from Sales
Other Cash Receipts
12.3 Cash Outflow from Production
12.4 The Cash Forecast: Short-Term Deficits and Short-Term Surpluses
Funding Cash Deficits
Investing Cash Surpluses
12.5 Planning with Pro Forma Financial Statements
Pro Forma Income Statement
Pro Forma Balance Sheet
PUTTING FINANCE TO WORK Information Technology
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Midwest Properties: Quarterly Forecasting
Summary Card at end of text
13 Working Capital Management
13.1 The Cash Conversion Cycle
Average Production Cycle
Average Collection Cycle
Average Payment Cycle
Putting It All Together: The Cash Conversion Cycle
13.2 Managing Accounts Receivable and Setting Credit Policy
Collecting Accounts Receivable
Credit: A Two-Sided Coin
Qualifying for Credit
Setting Payment Policy
Collecting Overdue Debt
13.3 The Float
Speeding Up the Collection Float (Shortening the Lag Time)
Extending Disbursement Float (Lengthening the Lag Time)
13.4 Inventory Management: Carrying Costs and Ordering Costs
ABC Inventory Management
Redundant Inventory Items
Economic Order Quantity
13.5 The Effect of Working Capital on Capital Budgeting
PUTTING FINANCE TO WORk Operations Management
Inventories and Daily Operations
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Cranston Dispensers, Inc.: Part 1
Summary Card at end of text
14 Financial Ratios and Firm Performance
14.1 Financial Statements
Benchmarking
14.2 Financial Ratios
Short-Term Solvency: Liquidity Ratios
Long-Term Solvency: Solvency or Financial Leverage Ratios
Asset Management Ratios
Profitability Ratios
Market Value Ratios
DuPont Analysis
14.3 External Uses of Financial Statements and Industry Averages
Cola Wars
Industry Ratios
FINANCE FOLLIEE Cooking the Books at Enron and WorldCom
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Cranston Dispensers, Inc.: Part 2
Summary Card at end of text
PART 5 Other Selected Finance Topics
15 Raising Capital
15.1 The Business Life Cycle
15.2 Borrowing for a Start-Up and Growing Business
Personal Funds and Family Loans
Commercial Bank Loans
Commercial Bank Loans through the Small Business Administration
Angel Financing and Venture Capital
15.3 Borrowing for a Stable and Mature Business: Bank Loans
Straight Loans
Discount Loans
Letters of Credit or Lines of Credit
Compensating Balance Loans
15.4 Borrowing for a Stable and Mature Business: Selling Bonds
15.5 Borrowing For a Stable and Mature Business: Selling Stock
Initial Public Offerings and Underwriting
Registration, Prospectus, and Tombstone
The Marketing Process: Road Show
The Auction
The Aftermarket: Dealer in the Shares
PUTTING FINANCE TO WORK Corporate Law
15.6 Other Borrowing Options for a Mature Business
15.7 The Final Phase: Closing the Business
Straight Liquidation: Chapter 7
Reorganization: Chapter 11
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE AK Web Developers.com
Summary Card at end of text
16 Capital Structure
16.1 Capital Markets: A Quick Review
16.2 Benefits of Debt
Earnings per Share as a Measure of the Benefits of Borrowing
16.3 Break-Even Earnings for Different Capital Structures
16.4 Pecking Order
Firms Prefer Internal Financing First
Firms Choose to Issue the Cheapest Security First and Use Equity as a Last Resort
16.5 Modigliani and Miller on Optimal Capital Structure
Capital Structure in a World of No Taxes and No Bankruptcy
Capital Structure in a World of Corporate Taxes and No Bankruptcy
Debt and the Tax Shield
16.6 The Static Theory of Capital Structure
Bankruptcy
Static Theory of Capital Structure
FINANCE FOLLIES Hedge Funds: Some Really Smart Guys Get into Big Trouble
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE General Energy Storage Systems: How Much Debt and How Much Equity?
Summary Card at end of text
17 Dividends, Dividend Policy, and Stock Splits
17.1 Cash Dividends
Buying and Selling Stock
Declaring and Paying a Cash Dividend: A Chronology
Different Types of Dividends
17.2 Dividend Policy
Dividend Clienteles
Dividend Policy Irrelevance
Dividend Policy in a World of No Taxes and No Transaction Costs
Reasons Favoring a Low- or No-Dividend-Payout Policy
Reasons Favoring a High-Dividend-Payout Policy
Optimal Dividend Policy
17.3 Selecting a Dividend Policy
Some Further Considerations in the Selection of a Dividend Policy
17.4 Stock Dividends, Stock Splits, and Reverse Splits
Reasons for Stock Splits
Reverse Splits
17.5 Specialized Dividend Plans
Stock Repurchase
Dividend Reinvestment Plans
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE East Coast Warehouse Club
Summary Card at end of text
18 International Financial Management
18.1 Managing Multinational Operations
Cultural Risk
Business Risk
Political Risk
FINANCE FOLLIES Rino International
18.2 Foreign Exchange
Purchasing Power Parity
Currency Exchange Rates
Cross Rates
Arbitrage Opportunities
Forward Rates
Using Forward Rates
Changing Spot Rates
18.3 Transaction, Operating, and Translation Exposures
Transaction Exposure
Operating Exposure
Translation Exposure
18.4 Foreign Investment Decisions
Key Terms
Questions
Prepping for Exams
Problems
Advanced Problems for Spreadsheet Application
MINI-CASE Scholastic Travel Services, Inc.
Summary Card at end of text
Appendix 1 Future Value Interest Factors
Appendix 2 Present Value Interest Factors
Appendix 3 Future Value Interest Factors of an Annuity
Appendix 4 Present Value Interest Factors of an Annuity
Appendix 5 Answers to Prepping for Exam Questions
Glossary
A
B
C
D
E
F
G
H
I
J
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z
Index
A
B
C
D
E
F
G
H
I
J
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z
Credits

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