Operating and Financial Leverage Operating Leverage Financial Leverage Total Leverage Cash -Flow- Ability to Service

Required Returns and the Cost of Capital Creation of Value Overall Cost of Capital of the Firm Project-Specific Required Rates Group-Specific Required Rates

Risk and Managerial Options in Capital Rudgeting The Problem of Project Risk Total Project Risk Contribution to Total Firm Risk: Firm-Portfolio Approach Managerial Options

Capital Budgeting Techniques Project Evaluation and Selection Potential Difficulties Capital Rationing Project Monitoring Post- Completion Audit

Capital Budgeting and Estimating Cash Flows The Capital Budgeting Process Generati ng Investment Project Proposals Estimatin

Short-Term Financing Spontaneous Financing Negotiated Financing Factoring Accounts Receivable Composition of Short--term Financing

Accounts Receivable and Inventory Management Credit and Collection Policies Analyzing the Credit Applicant Inventory Management and Control

Cash and Marketable Securities Management Motives for Holding Cash Speeding Up Cash Receipts Cash Payouts Electronic Commerce

Overview of Working Capital Management Working Capital Concepts Working Capital Issues Financing Current Assets: Short-Term and Long-Term Mix Combining Liability Structure and Current Asset Decisions

Fund Analysis, Cash-Flow Analysis, and Financial Planning Flow of Funds(Sources and Uses) Statement Accounting Statement of Cash-Flows- ash- Flow Forecasting Range of Cash-Flow- Estimates Forecasting Financial Statements