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Entrepreneurial Finance

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ISBN-10: 0133140512

ISBN-13: 9780133140514

Edition: 6th 2014

Authors: Philip J. Adelman, Alan M. Marks

List price: $150.20
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Description:

For many, starting a business can be an overwhelming experience. Understanding the financial aspects of running a business can be even more daunting. Entrepreneurial Finance, Sixth Edition was written to help a broad range of U.S. business owners understand the financial aspects of entrepreneurship. Unlike traditional corporate finance books, this text explains the financial topics most important to running a profitable small business suchasinventory control, time value of money, working capital management, and forecasting. Updated to reflect recent economic trends, this edition also shows how two popular business tools (excel and TI BA II Plus calculator) can assist business owners in problem-solving and decision-making.
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Book details

List price: $150.20
Edition: 6th
Copyright year: 2014
Publisher: Pearson Education
Publication date: 3/26/2013
Binding: Paperback
Pages: 512
Size: 7.75" wide x 9.75" long x 0.75" tall
Weight: 2.310
Language: English

Preface
Financial and Economic Concepts
Basic Financial Concepts
Importance of Finance
Economic Concepts of Finance
Scarce Resources
Opportunity Costs
Savings, Income, Expenditures, and Taxes
Supply of Money Saved
Demand for Borrowed Funds
Federal Reserve Policy
Inflation
Risk
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Macy's Housewares, Incorporated
Financial Management and Planning
Management Functions
Planning
Organizing
Staffing
Directing
Controlling
Business Organizations and Ownership
Sole Proprietorship
Partnership
Corporation
Limited Liability Company
Franchise
Nonprofit Organizations
Starting a Business
Development of a Business Plan
Executive Summary
General Company Description
Business Ownership Succession Plans
Financing a Business or Raising Capital
Sources of Financing
Conclusion
Review and Discussion Questions
Exercises and Problems
Suggested Group Project
Case Study: Introduction to Entrepreneurship
Financial Statements
Personal Cash Flow Statement
Income Statement
Chart of Accounts
Statement of Financial Position
Balance Sheet
Sole Proprietorship
Partnership
Public Corporations
Owner's Equity
Statement of Cash Flows
Problems with Financial Statements
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignments
Case Study: DPSystems, LLC
Analysis of Financial Statements
Vertical Analysis
Horizontal Analysis
Ratio Analysis
Types of Business Ratios
Liquidity Ratios
Current Ratio
Quick (Acid Test) Ratio
Activity Ratios
Inventory Turnover Ratio
Accounts Receivable Turnover Ratio
Fixed Asset Turnover Ratio
Total Asset Turnover Ratio
Leverage Ratios
Debt-to-Equity Ratio
Debt-to-Total-Assets Ratio
Times-Interest-Earned Ratio
Profitability Ratios
Gross Profit Margin Ratio
Operating Profit Margin Ratio
Net Profit Margin Ratio
Operating Return on Assets Ratio
Net Return on Assets Ratio
Return on Equity Ratio
Market Ratios
Earnings per Share Ratio
Price Earnings Ratio
Operating Cash Flow per Share Ratio
Free Cash Flow per Share
Sources of Comparative Ratios
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Mosbacher Insurance Agency
Background
Gaming Experience
Mosbacher Insurance Company
Entrepreneurship at Work
The result
Profit, Profitability, and Break-Even Analysis
Efficiency and Effectiveness
Profit
Profitability
Earning Power
Break-Even Analysis
Break-Even Quantity
Break-Even Dollars
Break-Even Charts
Leverage
Operating Leverage
Financial Leverage
Bankruptcy
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Mark Wheeler Craftsman, Inc.
Forecasting and Pro Forma Financial Statements
Forecasting
Types of Forecasting Models
Mean Absolute Deviation
Practical Sales Forecasting for Start-Up Businesses
Pro Forma Financial Statements
Pro Forma Income Statement
Pro Forma Cash Budget
Pro Forma Balance Sheet
Monitoring and Controlling the Business
Start-Up Business Costs Revisited
Gantt Chart
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Hannah's Donut Shop
Historical Background
Environmental Changes
Changes in Measurement Systems
Changes in Strategy
Implementing the Five-Step Process and Drum Buffer Rope
Step 1
Step 2
Step 3
The Change Process
Step 4
Step 5
Results
Shirring Constraints
Summary
Working Capital Management
Working Capital
Working Capital Management
Current Asset Management
Cash Management
Marketable Securities Management
Accounts Receivable Management
Inventory Management
Economic Order Quantity Formula
Types of Inventories
Current Liabilities Management
Short-Term Debt Management
Accrued Liabilities Management
Accounts Payable Management
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Associated Steel Trading, LLC
Background
Time Value of Money-Part I: Future and Present Value of Lump Sums
Simple Interest
Fixed Principal Commercial Loans
Bridge Loans
Bank Discount
Compound Interest
Financial Calculators
Rounding Errors
Effective Rate
Time-Value-of-Money Methods
Future Value of a Lump Sum
Present Value of a Future Lump Sum
Internal Rate of Return
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Blue Bonnet Caf�
Time Value of Money-Part II: Annuities
Future Value of an Ordinary Annuity
Future Value of an Annuity Due
Present Value of an Ordinary Annuity
Present Value of an Annuity Due
Present Value and Amortization
Amortization
Combining Lump Sum and Annuities into the Same Problem
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Team Assignment
Case Study: Entrepreneurial Spirit
Capital Budgeting
Capital Budgeting
Factors Affecting Capital Budgeting
Changes in Government Regulations
Research and Development
Changes in Business Strategy
Formulating a Proposal
Costs in Capital Budgeting
Benefits in Capital Budgeting
Evaluating the Data (Techniques of Capital Budgeting)
Payback
Net Present Value
Profitability Index
Internal Rate of Return
Accounting Rate of Return
Lowest Total Cost
Making the Decision
Following Up
Taking Corrective Action
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Group Activity
Case Study: SWAN Rehabilitation Company: A Great Success Story
Personal Finance
Risk
Identification of Risk Exposure
Risk Management
Life, Health, Disability, Property, and Liability Insurance
Financial Planning Goals
Investments
Cash Equivalents
Certificates of Deposit
Bonds
Stock
Mutual Funds
Real Estate
Precious Metals
Collectibles
Investment Strategies
Short-Term Investment Strategies
Long-Term Investment Strategies
Pension Planning
Retirement Plans
Retirement Strategies
Retirement Strategy Examples
Estate Planning
Conclusion
Review and Discussion Questions
Exercises and Problems
Recommended Group Activities
Case Study: The Gilberts: An Entrepreneurial Family
Working with Spreadsheets and Calculators
Spreadsheet Basics
Formula Entry
Simple Interest
Compound Interest or Future Value of a Lump Sum
Present Value of a Future Lump Sum
Future Value of an Ordinary Annuity
Future Value of an Annuity Due
Present Value of an Ordinary Annuity
Present Value of an Annuity Due
Working with Calculators
Time-Value-of-Money Tables
Answers to Even-Numbered Exercises and Problems
Case Studies
Glossary
Index