Dividend Policy Passive Versus Active Dividend Policies Factors Influencing Dividend Policy Dividend Stability Stock Dividends and Stock Splits Stock Repurchase

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

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

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

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

Financial Statement Analysis Financial Statements A Possible Framework for Analysis Ratio Analysis Trend Analysis CommonSize- and Index Analysis

The Valuation of Long Term Securities Distinctions Among Valuation Concepts Bond Valuation Preferred Stock Valuation Common Stock Valuation Rates of Return (or Yields)

The Business, Tax, and Financial Environments The Business Environment The Tax Environment The Financial Environment

美国喜欢把自己标榜为实行自由贸易的国家。在与 其贸易伙伴,比如中国、欧盟和日本进行谈判时,经常 可以听到美国的谈判代表说美国经济是一个关税限制很 少的开放型经济。然而,尽管与很多其他的工业化国家 相比,美国的进口关税水平确实较低,但还是存在关税 限制。最近的一项研究表明,80年代,这些关税每年花 去了美国消费者320亿美元