Table of contents for Entrepreneurial finance / Philip J. Adelman, Alan M. Marks.

Bibliographic record and links to related information available from the Library of Congress catalog.

Note: Contents data are machine generated based on pre-publication provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.


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Contents[CT1]
Preface xi
Chapter 1
Financial and Economic Concepts 1
Basic Financial Concepts 2
Importance of Finance 3
Economic Concepts of Finance 3
Scarce Resources 4
Opportunity Costs 6
Savings, Income, Expenditures, and Taxes 7
Supply of Money Saved 10
Demand for Borrowed Funds 14
Federal Reserve Policy 17
Inflation 17
Risk 19
Conclusion 22
Review and Discussion Questions 22
Exercises and Problems 22
Chapter 2
Financial Management and Planning 25
Management Functions 25
Planning 26
Organizing 27
Staffing 28
Directing 28
Controlling 28
Business Organizations and Ownership 29
Sole Proprietorship 30
Partnership 31
Corporation 33
Limited Liability Company 37
Franchise 38
Starting a Business 39
Development of a Business Plan 41
Executive Summary 41
General Company Description 42
Financing a Business or Raising Capital 45
Conclusion 47
Review and Discussion Questions 47
Exercises and Problems 47
Chapter 3
Financial Statements 51
Personal Cash Flow Statement 52
Income Statement 55
Statement of Financial Position 59
Balance Sheet 61
Sole Proprietorship 65
Partnership 65
Public Corporations 67
Owner's Equity 68
Statement of Cash Flows 68
Problems with Financial Statements 71
Conclusion 72
Review and Discussion Questions 73
Exercises and Problems 73
Chapter 4
Analysis of Financial Statements 75
Vertical Analysis 77
Horizontal Analysis 78
Ratio Analysis 80
Types of Business Ratios 81
Liquidity Ratios 81
Activity Ratios 83
Leverage Ratios 85
Profitability Ratios 87
Market Ratios 91
Sources of Comparative Ratios 93
Conclusion 94
Review and Discussion Questions 94
Exercises and Problems 95
Chapter 5
Profit, Profitability, and Break-Even Analysis 103
Efficiency and Effectiveness 104
Profit 104
Profitability 105
Earning Power 106
Break-Even Analysis 107
Break-Even Quantity 108
Break-Even Dollars 112
Break-Even Charts 113
Leverage 114
Operating Leverage 114
Financial Leverage 116
Bankruptcy 118
Conclusion 122
Review and Discussion Questions 122
Exercises and Problems 123
Chapter 6
Forecasting and Pro Forma Financial Statements 125
Forecasting 126
Types of Forecasting Models 128
Practical Sales Forecasting for Start-Up Businesses 146
Pro Forma Financial Statements 149
Pro Forma Income Statement 150
Pro Forma Cash Budget 151
Pro Forma Balance Sheet 155
Monitoring and Controlling the Business 159
Start-Up Business Costs Revisited 160
Gantt Chart 160
Conclusion 162
Review and Discussion Questions 163
Exercises and Problems 163
Chapter 7
Working Capital Management 167
Working Capital 168
Working Capital Management 168
Current Asset Management 170
Cash Management 170
Marketable Securities Management 173
Accounts Receivable Management 174
Inventory Management 178
Current Liabilities Management 188
Short-Term Debt Management 188
Accrued Liabilities Management 189
Accounts Payable Management 190
Conclusion 196
Review and Discussion Questions 197
Exercises and Problems 197
Chapter 8
Time Value of Money Part I: Future and Present Value of Lump Sums 201
Simple Interest 202
Bank Discount 204
Compound Interest 208
Rounding Errors 209
Effective Rate 210
Time-Value-of-Money Methods 211
Future Value of a Lump Sum 212
Present Value of a Future Lump Sum 214
Internal Rate of Return 218
Conclusion 220
Review and Discussion Questions 221
Exercises and Problems 221
Chapter 9
Time Value of Money Part II: Annuities 223
Future Value of an Ordinary Annuity 224
Future Value of an Annuity Due 227
Present Value of an Ordinary Annuity 231
Present Value of an Annuity Due 233
Present Value and Amortization 237
Amortization 239
Combining Lump Sum and Annuities into the Same Problem 241
Conclusion 245
Review and Discussion Questions 246
Exercises and Problems 246
Chapter 10
Capital Budgeting 249
Capital Budgeting 250
Factors Affecting Capital Budgeting 251
Changes in Government Regulations 251
Research and Development 251
Changes in Business Strategy 252
Formulating a Proposal 253
Costs in Capital Budgeting 253
Benefits in Capital Budgeting 254
Evaluating the Data (Techniques of Capital Budgeting) 257
Payback 258
Net Present Value 258
Profitability Index 264
Internal Rate of Return 265
Accounting Rate of Return 268
Lowest Total Cost 269
Making the Decision 271
Following Up 272
Taking Corrective Action 273
Conclusion 274
Review and Discussion Questions 275
Exercises and Problems 275
Chapter 11
Personal Finance 279
Risk 280
Identification of Risk Exposure 281
Risk Management 281
Life, Health, Disability, Property, and Liability Insurance 283
Financial Planning Goals 285
Investments 286
Cash Equivalents 286
Certificates of Deposit 287
Bonds 287
Stock 292
Mutual Funds 297
Real Estate 300
Precious Metals 302
Collectables 302
Investment Strategies 303
Short-Term Investment Strategies 303
Long-Term Investment Strategies 303
Pension Planning 304
Retirement Plans 304
Retirement Strategies 310
Retirement Strategy Examples 311
Estate Planning 314
Conclusion 315
Review and Discussion Questions 316
Exercises and Problems 316
Appendix A Working with Spreadsheets and Calculators 321
Appendix B Time-Value-of-Money Tables 333
Appendix C Answers to Even-Numbered Exercises and Problems 341
Glossary 379
Index 397

Library of Congress Subject Headings for this publication:

Small business -- Finance.