Boundless Lecture Slides

1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

4. Working Capital Introduction to Working Capital Approaches to Working Capital Financing Overview of the Working Capital Financing Decision ] Introduction to Working Capital Free to share, print, make copies and changes. Get yours at www.boundless.com

5. Introduction to Working Capital > Working Capital Working Capital • Calculating Working Capital • Controlling the Components of Working Capital • Importance of Working Capital Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-working-capital-17/working-capital-122/

6. Introduction to Working Capital > Approaches to Working Capital Financing Approaches to Working Capital Financing • Understanding the Needs of the Business • Long-Term Approach • Short-Term Approach • Choosing a Policy Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-working-capital-17/approaches-to-working-capital-financing-123/

7. Introduction to Working Capital > Overview of the Working Capital Financing Decision Overview of the Working Capital Financing Decision • Evaluating Interest Rates • Decision Criteria • Identifying Varying Conditions • Calculating Expected Value Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/finance/textbooks/boundless-finance-textbook/introduction-to-working-capital-17/overview-of-the-working-capital-financing-decision-124/

8. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

9. Introduction to Working Capital Key terms • balance sheetA summary of a person's or organization's assets, liabilities and equity as of a specific date. • cash conversion cyclehow long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales. • cost of capitalThe rate of return that capital could be expected to earn in an alternative investment of equivalent risk. • credit policyCredit terms given to customers that affect sales and collection practices. • credit ratingAn estimate, based on a company or person's history of borrowing and repayment and/or available financial resources, that is used by creditors to determine the maximum amount of credit it can extend to a without undue risk. • Current AssetAn asset on the balance sheet, such as cash, accounts receivable, and inventory that is expected to be sold or otherwise used up in the near future, usually within one year or one business cycle, whichever is longer. • Current AssetAn asset on the balance sheet, such as cash, accounts receivable, and inventory that is expected to be sold or otherwise used up in the near future, usually within one year or one business cycle, whichever is longer. • current liabilitiesAll liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer. • current liabilitiesAll liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer. • discountingThe process of finding the present value using the discount rate. • Finished goodFinished goods are goods that have completed the manufacturing process but have not yet been sold or distributed to the end user. • inventoryThe stock of an item on hand at a particular location or business Free to share, print, make copies and changes. Get yours at www.boundless.com

10. Introduction to Working Capital • liquidityAvailability of cash over short term: ability to service short-term debt. • liquidityAvailability of cash over short term: ability to service short-term debt. • M&AMergers and acquisitions (M&A) are aspects of corporate strategy, corporate finance, and management dealing with the buying, selling, dividing, and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or new location, without creating a subsidiary, other child entity or using a joint venture. • operating liquidityThe ability of a company or individual to quickly convert assets to cash for the purpose of paying operating expenses. • Work in processWork in process (WIP) or in-process inventory includes the set at large of unfinished items for products in a production process. These items are not yet completed but either just being fabricated or waiting in a queue for further processing or in a buffer storage. • working capitalA financial metric that is a measure of current assets of a business that exceeds its liabilities and can be applied to its operation. • working capitalA financial metric that is a measure of current assets of a business that exceeds its liabilities and can be applied to its operation. • Working capitalThe total available cash and cash equivalents after subtracting current liabilities from current assets. Free to share, print, make copies and changes. Get yours at www.boundless.com

11. Introduction to Working Capital Interest Interest rates of working capital financing can be largely affected by discount rate, WACC and cost of capital. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Interest Rates | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/68751915@N05/6870875029/sizes/m/in/photostream/View on Boundless.com

12. Introduction to Working Capital Inventory Identify the level of inventory which allows for uninterrupted production but reduces the investment in raw materials and minimizes reordering costs and, hence, increases cash flow. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Inventory | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/8047442@N06/2497791197/sizes/m/in/photostream/View on Boundless.com

13. Introduction to Working Capital Cash Conversion Cycle Above is a chart showing a sample cash conversion cycle. Free to share, print, make copies and changes. Get yours at www.boundless.com University of Texas."Working Capital Management: A Must for Any Startup | Texas Enterprise."CC BY-SAhttp://www.texasenterprise.utexas.edu/article/working-capital-management-must-any-startupView on Boundless.com

14. Introduction to Working Capital Cash cycle Cash conversion cycle is a main criteria for working capital management. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | cash-cycle | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/38643726@N02/3861519379/sizes/m/in/photostream/View on Boundless.com

15. Introduction to Working Capital Walmart CFO Charles Holley, the Chief Financial Officer (CFO) of Wal-Mart, is in charge of making sure all of Wal-Mart's assets are allocated as optimally as possible. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."Walmart's EVP and CFO Charles Holley Discusses Finance | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/walmartcorporate/5793744780/View on Boundless.com

16. Introduction to Working Capital Working Capital Equation Working capital is equal to accounts receivable, plus current inventory, minus accounts payable. Free to share, print, make copies and changes. Get yours at www.boundless.com Amazon Web Services."Boundless."CC BY-SAhttp://s3.amazonaws.com/figures.boundless.com/50c0ba71e4b0fc1982dc4741/CodeCogsEqn.gifView on Boundless.com

17. Introduction to Working Capital Inventory Software This is an example of modern inventory software that enables managers to precisely track orders and inventory levels. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | JDE.Workbench Search | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/oracle_images/5006231178/sizes/m/in/photostream/View on Boundless.com

18. Introduction to Working Capital Buying Food Most purchases, including food, must be made with a specific asset–cash. Not all current assets can be used to pay off expenses of debts. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | buying vegetables | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/icanchangethisright/37990213/sizes/o/in/photostream/View on Boundless.com

19. Introduction to Working Capital Cash Liquidity is a measurement of a company's ability to quickly turn assets into cash. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Cash | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/bfishadow/4237025430/sizes/m/in/photostream/View on Boundless.com

20. Introduction to Working Capital Policies Regarding Liquidity This chart lays out sample working capital issues and some possible solutions. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikispaces."IB2-Business-p4 - 3.3 Working Capital."CC BY-SAhttp://ib2-business-p4.wikispaces.com/3.3+Working+CapitalView on Boundless.com

21. Introduction to Working Capital Attribution • Wikipedia."Current Asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Current%20Asset • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wiktionary."liquidity."CC BY-SA 3.0http://en.wiktionary.org/wiki/liquidity • Wikipedia."Current liabilities."CC BY-SA 3.0http://en.wikipedia.org/wiki/Current_liabilities • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wiktionary."working capital."CC BY-SA 3.0http://en.wiktionary.org/wiki/working_capital • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/operating-liquidity • Wikibooks."Sustainable Business/Can you afford to start up?."CC BY-SA 3.0http://en.wikibooks.org/wiki/Sustainable_Business/Can_you_afford_to_start_up?%23Working_capital • Wikipedia."cost of capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/cost%20of%20capital • Wikipedia."cash conversion cycle."CC BY-SA 3.0http://en.wikipedia.org/wiki/cash%20conversion%20cycle • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wiktionary."credit rating."CC BY-SA 3.0http://en.wiktionary.org/wiki/credit_rating • Wikipedia."Discounting."CC BY-SA 3.0http://en.wikipedia.org/wiki/Discounting • Wikipedia."Corporate finance."CC BY-SA 3.0http://en.wikipedia.org/wiki/Corporate_finance%23Working_capital_management • Wikipedia."Cash conversion cycle."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cash_conversion_cycle • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/discounting--2 • Wikipedia."Corporate finance - Working capital management."CC BY-SA 3.0https://en.wikipedia.org/wiki/Corporate_finance#Working_capital_management Free to share, print, make copies and changes. Get yours at www.boundless.com

22. Introduction to Working Capital • Wikipedia."Current liability."CC BY-SA 3.0https://en.wikipedia.org/wiki/Current_liability • Wikipedia."Current asset."CC BY-SA 3.0https://en.wikipedia.org/wiki/Current_asset • Wikipedia."Accounting liquidity."CC BY-SA 3.0https://en.wikipedia.org/wiki/Accounting_liquidity • Wikipedia."Working capital."CC BY-SA 3.0https://en.wikipedia.org/wiki/Working_capital • Wikipedia."M&A."CC BY-SA 3.0http://en.wikipedia.org/wiki/M&A • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wiktionary."balance sheet."CC BY-SA 3.0http://en.wiktionary.org/wiki/balance_sheet • Wikipedia."Corporate finance."CC BY-SA 3.0http://en.wikipedia.org/wiki/Corporate_finance • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//finance/definition/credit-policy • OER Commons.CC BYhttp://www.oercommons.org/courses/management-of-capital/view • Wikipedia."Finished good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Finished%20good • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//business/definition/work-in-process • Wikipedia."Corporate finance."CC BY-SA 3.0http://en.wikipedia.org/wiki/Corporate_finance%23Working_capital_management • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wiktionary."liquidity."CC BY-SA 3.0http://en.wiktionary.org/wiki/liquidity • Wiktionary."working capital."CC BY-SA 3.0http://en.wiktionary.org/wiki/working_capital • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital Free to share, print, make copies and changes. Get yours at www.boundless.com

23. Introduction to Working Capital • Wiktionary."inventory."CC BY-SA 3.0http://en.wiktionary.org/wiki/inventory • University of Texas."Working Capital Management: A Must for Any Startup | Texas Enterprise."CC BY-SAhttp://www.texasenterprise.utexas.edu/article/working-capital-management-must-any-startup • Wikipedia."Current Asset."CC BY-SA 3.0http://en.wikipedia.org/wiki/Current%20Asset • Wikipedia."Working capital."CC BY-SA 3.0http://en.wikipedia.org/wiki/Working_capital • Wikipedia."Current liabilities."CC BY-SA 3.0http://en.wikipedia.org/wiki/Current_liabilities Free to share, print, make copies and changes. Get yours at www.boundless.com