By Harold Bierman
This e-book introduces company monetary administration, in response to the fundamental capital budgeting framework and the time price of cash. It specializes in theoretical formulations and proper software of economic concepts that might aid increase managerial and fiscal judgements. in response to basic rules of accounting and finance like time price of cash and after-tax funds flows, it introduces readers to real-world constraints and complexities within the fields.
Written in an easy and available demeanour, this booklet could be learn by way of scholars of finance and accounting classes, company execs and normal public alike.
Readership: Undergraduates and graduates in economics & finance; enterprise pros attracted to mergers and organizations.
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Additional resources for An Introduction to Accounting and Managerial Finance: A Merger of Equals
Cash . . . . . . . . . . . . . . . . . . . . . . To record the purchase of a building for $500,000 cash. Dr. 1,000,000 Cr. 1,000,000 500,000 500,000 The journal entry format is also related to a recording procedure used in practice. A journal, or book of original entry, is used to record transactions in chronological order. Entries are normally recorded first in a journal and then transferred to the ledger. Summary We have defined the equation: Assets = Liabilities + Stockholders’ Equity.
7. 05, compounded quarterly, what is the annual equivalent rate? 8. 96 per month, what is the cost of the debt? 9. A firm can save $10,000 per year for 15 years. 10, how much better off will the firm be after the 15 years if it accomplishes the saving? 10. 10, how much do you have to save per year for 20 years to have $50,000 per year for perpetuity? Assume that the first deposit is immediate and that the first payment will be at the beginning of the twenty-first year. 11. 08 per year, how much will the investor have at the end of 10 years?
Sample Company Balance Sheet as of December 31, 20XX Assets Current Assets Cash on Hand Cash in Bank Marketable Securities Accounts Receivable Inventories Prepaid Expenses Total Current Assets Long-Lived Assets Land Buildings Equipment Total Long-Lived Assets Total Assets $ 2,000 30,000 8,000 60,000 50,000 2,000 $152,000 $ 15,000 53,000 60,000 128,000 $280,000 Liabilities and Stockholders’ Equity Current Liabilities Accounts Payable $30,000 Taxes Payable 70,000 Total Current Liabilities Long-Term Liabilities Bonds Payable Total Liabilities Stockholders’ Equity Common Stock Retained Earnings Total Stockholders’ Equity Total Liabilities and Stockholders’ Equity $100,000 80,000 $180,000 $ 90,000 10,000 100,000 $280,000 November 6, 2009 13:43 42 spi-b811 9in x 6in b811-ch03 An Introduction to Accounting and Managerial Finance Sample Company Balance Sheet as of December 31, 20XX Current Assets Cash on Hand Cash in Bank Marketable Securities Accounts Receivable Inventories Prepaid Expenses Deduct: Current Liabilities Accounts Payable Taxes Payable $ 2,000 30,000 8,000 60,000 50,000 2,000 $152,000 $ 30,000 70,000 $100,000 Net Current Assets $ 52,000 Noncurrent Assets Land Buildings Equipment $ 15,000 53,000 60,000 Total Assets less Current Liabilities $180,000 Deduct: Long-Term Debt Bonds Payable $ 80,000 Net Assets $100,000 Ownership Common Stock Retained Earnings $ 90,000 10,000 $100,000 Managerial Uses of the Balance Sheet The primary function of a balance sheet is to indicate the financial position of an organization.