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Small Business Finance / Edition 1
     

Small Business Finance / Edition 1

by Philip J. Adelman, Alan A. Marks
 

ISBN-10: 0138129835

ISBN-13: 9780138129835

Pub. Date: 06/28/1997

Publisher: Pearson

This practical book is geared for individuals interested in starting a small business — primarily those organized as sole proprietorships, partnerships, or small Subchapter S corporations. The book includes solved problems for every chapter; end-of-chapter questions with answers; and open questions to encourage readers to utilize

Overview

This practical book is geared for individuals interested in starting a small business — primarily those organized as sole proprietorships, partnerships, or small Subchapter S corporations. The book includes solved problems for every chapter; end-of-chapter questions with answers; and open questions to encourage readers to utilize current business information; and detailed illustrations and tables. Of interest to those who desire to learn more about financial management, and can be used as a stepping stone toward learning finance on a corporate level.

Product Details

ISBN-13:
9780138129835
Publisher:
Pearson
Publication date:
06/28/1997
Edition description:
Older Edition
Pages:
306
Product dimensions:
8.24(w) x 10.05(h) x 0.60(d)

Table of Contents

Preface xi(2)
Acknowledgments xiii
Chapter 1 Financial and Economic Concepts
1(24)
Basic Financial Concepts
2(1)
Importance of Finance
3(1)
Economic Concepts of Finance
3(18)
Scarce Resources
3(3)
Opportunity Costs
6(1)
Savings, Income, Expenditures, and Taxes
7(3)
Factors Affecting Interest Rates
10(11)
Conclusion
21(1)
Review and Discussion Questions
22(1)
Exercises and Problems
22(3)
Chapter 2 Financial Management and Planning
25(20)
Management Functions
25(4)
Planning
26(1)
Organizing
27(1)
Staffing
28(1)
Directing
28(1)
Controlling
29(1)
Business Organizations and Ownership
29(8)
Sole Proprietorship
30(1)
Partnership
31(1)
Corporation
32(4)
Limited Liability Company
36(1)
Franchise
36(1)
Starting a Business
37(2)
Elements of a Business Plan
39(3)
Description of the Business
40(2)
Financial Data
42(1)
Supporting Documents
42(1)
Conclusion
42(1)
Review and Discussion Questions
42(1)
Exercises and Problems
43(2)
Chapter 3 Financial Statements
45(22)
Personal Cash Flow Statement
48(1)
Incomes Statement
49(4)
Statement of Financial Position
53(2)
Balance Sheet
55(6)
Sole Proprietorship
59(1)
Partnership
59(1)
Public Corporations
60(1)
Owner's Equity
61(1)
Statement of Cash Flows
61(3)
Problems with Financial Statements
64(1)
Review and Discussion Questions
64(1)
Exercises and Problems
65(2)
Chapter 4 Analysis of Financial Statements
67(24)
Vertical Analysis
69(1)
Horizontal Analysis
70(2)
Ratio Analysis
72(13)
Types of Business Ratios
73(1)
Liquidity Ratios
73(2)
Activity Ratios
75(3)
Leverage Ratios
78(2)
Profitability Ratios
80(3)
Market Ratios
83(2)
Sources of Comparative Ratios
85(1)
Summary of Methods of Financial Analysis
85(1)
Review and Discussion Questions
86(1)
Exercises and Problems
87(4)
Chapter 5 Profit, Profitability, and Break-Even Analysis
91(18)
Efficiency and Effectiveness
92(1)
Profit
92(1)
Profitability
93(4)
Earning Power
94(2)
Financial Leverage
96(1)
Bankruptcy
97(2)
Break-Even Analysis
99(6)
Break-Even Quantity
99(4)
Break-Even Dollars
103(1)
Break-Even Charts
104(1)
Conclusion
105(1)
Review and Discussion Questions
105(1)
Exercises and Problems
106(3)
Chapter 6 Forecasting and Pro Forma Financial Statements
109(32)
Forecasting
110(18)
Types of Forecasting Models
112(1)
Judgmental Models
112(3)
Time Series Models
115(12)
Causal Models
127(1)
Conclusion
127(1)
Pro Forma Financial Statements
128(8)
Pro Forma Income Statement
128(2)
Pro Forma Cash Budget
130(2)
Pro Forma Balance Sheet
132(3)
Monitoring and Controlling the Business
135(1)
Start-Up Business Costs
136(2)
Gantt Chart
136(2)
Conclusion
138(1)
Review and Discussion Questions
138(1)
Exercises and Problems
139(2)
Chapter 7 Working Capital Management
141(34)
Working Capital
142(1)
Working Capital Management
142(2)
Current Asset Management
144(18)
Cash Management
144(4)
Marketable Securities Management
148(1)
Accounts Receivable Management
148(5)
Inventory Management
153(8)
Conclusion
161(1)
Current Liabilities Management
162(7)
Short-Term Debt Management
162(1)
Accrued Liabilities Management
163(1)
Accounts Payable Management
164(5)
Conclusion
169(1)
Review and Discussion Questions
170(1)
Exercises and Problems
171(4)
Chapter 8 Time Value of Money
175(20)
Simple Interest
176(1)
Compound Interest
177(2)
Effective Rate
179(1)
Time Value of Money Methods
180(10)
Future Value of a Lump Sum
181(1)
Present Value of a Future Lump Sum
181(1)
Future Value of an Ordinary Annuity
182(1)
Future Value of an Annuity Due
183(1)
Present Value of an Ordinary Annuity
184(1)
Present Value of an Annuity Due
184(3)
Internal Rate of Return
187(3)
Conclusion
190(1)
Review and Discussion Questions
190(2)
Exercises and Problems
192(3)
Chapter 9 Capital Budgeting
195(24)
Capital Budgeting
196(1)
Factors Affecting Capital Budgeting
197(2)
Changes in Government Regulations
197(1)
Research and Development
197(1)
Changes in Business Strategy
198(1)
Formulating a Proposal
199(3)
Costs in Capital Budgeting
199(1)
Benefits in Capital Budgeting
200(2)
Evaluating the Data (Techniques of Capital Budgeting)
202(10)
Payback
203(1)
Net Present Value, or NPV
203(6)
Profitability Index, or PI
209(1)
Internal Rate of Return, or IRR
209(2)
Accounting Rate of Return, or ARR
211(1)
Making the Decision
212(2)
Follwing Up
213(1)
Taking Corrective Action
214(1)
Summary
215(1)
Postscript
215(1)
Review and Discussion Questions
216(1)
Exercises and Problems
217(2)
Chapter 10 Personal Finance
219(50)
Risk
220(4)
Identification of Risk Exposure
221(1)
Management of Risk
221(2)
Life, Health, Property, and Liability Insurance
223(1)
Financial Planning Goals
224(1)
Investments
225(16)
Cash Equivalents
225(1)
Certificates of Deposit
225(1)
Bonds
226(4)
Stock
230(6)
Mutual Funds
236(3)
Real Estate
239(1)
Precious Metals
240(1)
Collectables
241(1)
Investment Strategies
241(2)
Short-Term Investment Strategies
241(1)
Long-Term Investment Strategies
242(1)
Pension Planning
243(6)
Retirement Plans
243(3)
Retirement Strategies
246(1)
Retirement Strategy Example
247(2)
Estate Planning
249(1)
Conclusion
250(1)
Review and Discussion Questions
251(1)
Exercises and Problems
252(2)
Case Study
254(15)
Appendix A: Working with Spreadsheets 269(8)
Appendix B: Time-Value-of-Money Tables 277(8)
Glossary 285(15)
Index 300

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