Foundations of Financial Management (14th Edition)

Foundations of Financial Management (14th Edition)

Stanley Block, Geoffrey Hirt, Bartley Danielsen

Language: English

Pages: 765

ISBN: 125927716X

Format: PDF / Kindle (mobi) / ePub

This is a retail-quality PDF (taken from azw4).

Foundations of Financial Management has built a loyal following due to its strong real-world emphasis, clear writing style, and step-by-step explanations that simplify difficult concepts. The text focuses on the "nuts and bolts" of finance with clear and thorough treatment of concepts and applications. In addition to completing the textbook revisions, Block, Hirt, and Danielsen also revise all end of chapter problems and complete the solutions themselves. The authors know what works and what doesn't work for students, and they have consistently maintained a high quality textbook that is responsive to the demands of the marketplace.

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and General Electric Finance in Action—NASA: The National Aeronautics and Space Administration Inventory Control System Yum! Brands’ Short-Term Financing Bank of America and NationsBank Merge General Electric Capital Services Competes with Banks Total Commercial Paper Outstanding—Figure 8–2 Comparison of Commercial Paper Rate to Prime Rate—Table 8–1 IBM Sales of Receivables Finance in Action—How about Going to the Internet to Borrow Money? Page 4 7 16 17 29 33 41 55 61 65 66 71 97 122 128 136

as insurance against borrowers defaulting on their loans. These credit default swaps were backed by some of the same financial institutions who lacked enough capital to support the insurance that they guaranteed. Liquidity dried up, markets stopped working, and eventually the government stepped into the breach by forcing mergers and infusing capital into the financial institutions. By fall 2008, Bear Sterns, the fifth largest investment bank, was forced to merge with JPMorgan Chase, a strong

income (earnings after taxes) of $110,500 and add back depreciation of $50,000. We then show that increases in current assets (accounts receivable and inventory) reduce funds and decreases in current assets (prepaid expenses) increase funds. Also, we show increases in current liabilities (accounts payable) as an addition to funds and decreases in current liabilities (accrued expenses) as a reduction of funds. We see in Table 2–7 that the firm generated $150,500 in cash flows from operating

Please verify with an income statement presented in good form. (LO1) Determination of profitability (LO1) Balance sheet Financial Analysis and Planning Intermediate Problems 12. Lemon Auto Wholesalers had sales of $700,000 in 2010 and cost of goods sold represented 70 percent of sales. Selling and administrative expenses were 12 percent of sales. Depreciation expense was $10,000 and interest expense for the year was $8,000. The firm’s tax rate is 30 percent. a. Compute earnings after taxes.

end-of-chapter questions and test bank items. blo30727_fm_i-xxix.indd xii 18/08/10 4:00 PM Confirming Pages Preface xiii • Streamline lesson planning, student progress reporting, and assignment grading to make classroom management more efficient than ever. • Go paperless with the eBook and online submission and grading of student assignments. Smart Grading When it comes to studying, time is precious. Connect Finance helps students learn more efficiently by providing feedback and practice

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