对外贸公司理财第一节课.pptxVIP

Chapter1 IntroductiontoCorporateFinanceCopyright?2013byTheMcGraw-HillCompanies,Inc.Allrightsreserved.McGraw-Hill/Irwin

KeyConceptsandSkillsKnowthebasictypesoffinancialmanagementdecisionsandtherole

ofthefinancialmanagerKnowthefinancialimplicationsofthedifferentformsofbusinessorganizationKnowthegoaloffinancialmanagementUnderstandtheconflictsofinterestthat

canarisebetweenownersandmanagersUnderstandthevarioustypesoffinancialmarkets

ChapterOutlineCorporateFinanceand

theFinancialManagerFormsofBusinessOrganizationTheGoalofFinancialManagementTheAgencyProblemandControl

oftheCorporationFinancialMarkets

andtheCorporation

CorporateFinanceSomeimportantquestionsthat

areansweredusingfinance:Whatlong-terminvestmentsshouldthefirmtakeon?Wherewillwegetthelong-termfinancingtopayfortheinvestment?Howwillwemanagetheeverydayfinancialactivitiesofthefirm?

5BalanceSheetModeloftheFirmCurrentAssetsFixedAssets1Tangible2IntangibleTotalValueofAssets:Shareholders’EquityCurrentLiabilitiesLong-TermDebtTotalFirmValuetoInvestors:

6TheCapitalBudgetingDecisionCurrentAssetsFixedAssets1Tangible2IntangibleShareholders’EquityCurrentLiabilitiesLong-TermDebtWhatlong-terminvestmentsshouldthefirmchoose?

7TheCapitalStructureDecisionHowshouldthefirmraisefundsfortheselectedinvestments?CurrentAssetsFixedAssets1Tangible2IntangibleShareholders’EquityCurrentLiabilitiesLong-TermDebt

8Short-TermAssetManagementHowshouldshort-termassetsbemanagedandfinanced?NetWorkingCapitalShareholders’EquityCurrentLiabilitiesLong-TermDebtCurrentAssetsFixedAssets1Tangible2Intangible

?

A.?Decidingwhentorepayalong-termdebt

B.?Determininghowmuchinventorytokeeponhand

C.?Determininghowmuchdebtshouldbeborrowedfromaparticularlender

D.?Decidingwhetherornottoopenanewstore

E.?Determininghowmuchmoneyshouldbekeptin