Bba 330-42

Bba 330-42

BBA 330-48 Principles of Finance Faculty Info Faculty: Nick Cillo Office: 209d, Weaver Hall Phone: Office: 251-442-2371 Cell: 251-978-8699 Home: 251-947-6236 E-mail: [email protected] or [email protected] Office hours: ANYTIME BY APPOINTMENT. WEDNESDAY 1 PM until 6 PM DEFINITION OF CREDIT HOUR One credit hour is equivalent to fifteen hours of faculty instruction and a minimum of thirty hours of student reading and work on other assignments in addition to class time. Online classes involve equivalent amounts of time for instruction and coursework. A three hour course requires 135 hours of work, including: tests, reading, homework, tutoring, study time and in class

time (which we have none), and For this 8 week course that means 2 hours and 30 minutes each day, every day including weekends and holidays from JUN 13th until JUL 29th. TEXTBOOK AND OTHER MATERIALS Fundamentals of Financial Management, Concise Edition, Brigham and Houston, 8th Edition, Cengage, 2015. ISBN 13-978-1-285-06513-7. We are using the 8th edition and the 9th is already out out so, there should be a lot of cheap ones out there. YOU DO NOT NEED ANY ACCESS CODES OR OTHER SUPPLEMENTS. YHE WHOLE COURSE IS ON MY UM REQUIRED ACTIVITIES: Quizzes: (65%) There will be seven on line quizzes. Although, not comprehensive, the quizzes assume mastery of previous material. Tests will normally be conducted

Sunday night. We will count the best five of seven. Final Exam: (20%) Comprehensive exam. Presented in parts throughout the last week. Homework: (15%) Homework is on MYUM. Homework will be open the entire week and will close Saturday Night. Late homework assignments will receive a 10% per day late penalty. Do not wait until the last day. Tentative Schedule 13 JUN 29 JUL W 1 2 3 4 Date

JUN 6-12 JUN 13-19 JUN 20-26 JUN 27 JUL 3 ASSIGNMENTS CH 3 Financial Statements, Cash Flow, and Taxes Income statement, balance sheet, Statement of retained earnings CH 4 ANALYSIS OF FINANCIAL STATEMENTS Ratios: liquidity, Asset management Debt management, Profitability, market value; Trend analysis QUIZ I Chapters 3 & 4 HW due 11

JUN HW due 11 JUN 12JUN CH 5 THE TIME VALUE OF MONEY - concepts and theory, time value the hard way, Present and future value, annuity due, Calculator magic, Present and future value Annuities, Perpetuities, Continuous compounding, Loan amortization QUIZ II Chapter 5 HW due 18 JUN CH 6 THE COST OF MONEY (Interest Rates) Determinants of interest rates, Term structure of interest rates, Yield curves, FED policy and deficits Interest rates and stock prices, the cost of money as a determinant of value CH 7 BONDS (Debt) Characteristics and Valuation Debt characteristics, Bond features, Bond ratings Valuation of Bonds, Value, Yield to maturity, value of a bond with a call provision QUIZ III Chapters 6 & 7

HW due 25 JUN CH8 RISK AND RATES OF RETURN - expected returns, Probability distributions Standard deviation, Coefficient of variation, Portfolio risk, Risk and the CAPM CH 9 STOCKS (Equity) Characteristics and Valuation Preferred stock, common stock, Zero growth (preferred), Constant growth (common), single period returns, PE ratios and EVA Non constant growth stocks and uneven cash flows QUIZ IV Chapters 8 & 9 19JUN HW due 25 JUN 26 JUN HW due 2 JUL HW due 2 JUL

3 JUL Tentative Schedule 13 JUN 29 JUL 5 6 7 8 JUL 4-10 JUL 11-17 JUL 18-24

JUL 25-29 CH 10 THE COST OF CAPITAL Weighted average cost of capital, After tax cost of debt, Preferred stock, CAPM Retained equity New issues Discounted cash flow, Bond-yield-plus-risk-premium, Weighted average cost of capital, Marginal cost of Capital CH 11 CAPITAL BUDGETING TECHNIQUES Payback Period, Net Present Value, Internal Rate of Return, Profitability index, MIRR, reinvestment rate assumptions, Modified internal rate of return, cross over point and NPV profiles, Discounted payback period, Equivalent annual annuities QUIZ Chapters 10 & 11 CH 12 PROJECT CASH FLOWS AND RISK Initial outlay, Annual incremental cash flows, Terminal cash flows, Project risk and sensitivity analysis CH 13 CAPITAL STRUCTURE Optimum capital structure, Analyzing leverage and risk with ROIC and ROE, Optimal capital structure, Hamada Equation, EPS analysis and breakeven point QUIZ Chapters 12 & 13 CH 15 WORKING CAPITAL MANAGEMENT Working capital accounts, Cash conversion cycle Trade credit, Short term financing, APR vs. EAR CH 16 FINANCIAL PLANNING AND FORCASTING Pro Forma balance sheet Break even analysis

QUIZ Chapters 15 & 16 FINAL EXAM HW due 9 JUL HW due 9 JUL 10 JUL HW due 16 JUL HW due 16 JUL 17 JUL HW due 23 JUL HW due 23 JUL 24 JUL TBA

Course Concept The primary means of delivery will be interactive, PowerPoint Presentations. The PowerPoints will enhanced versions of those used in on campus classes. You should read the book first before viewing the PowerPoint Lecture. The PowerPoints will provide detailed step-by-step instructions and an occasional voice over to help you with the material. Sometimes practice problems will be provided in the PowerPoints for you to work. A click will take you to the correct answer, but try to do the problems your self, then click to find the answers. Weekly Quizzes. Quizzes will consist of both multiple choice and some write in the answer problems. The overwhelming majority of Quiz and Final Exam Questions will involve number problems. About 50% of the problems will require critical thinking and/ or practical application.

Once you enter a quiz you will not be allowed to leave it, nor will you be able to access any other site on your computer. Quizzes are scheduled for SUNDAY NIGHT. (I will be available during this time.) Homework Every chapter has at least one Homework assignment (CH 5 has 3) The Homework assignments open up MONDAY morning and stay open until you finish them or until SATURDAY NIGHT. Take the Homework seriously it is worth 15% of your grade and it will prepare you for the quizzes. Dogs do not eat homework assignments any more, computers do. Think before you ENTER, PRESS, SELECT, PUSH or SUBMIT. Final Exam The Final will be comprehensive and Multiple Choice. It will include material from all chapters. It is designed to test general knowledge and will include only the most important concepts. (in my opinion) The Final will be administered in two parts during the Last week.

On line Courses You MUST have access to the internet. You MUST have a Computer and the proper soft ware to connect with MYUM and view PowerPoint Presentations. If you do not have Microsoft PowerPoint on your computer you may be able to download MS presenter software which will allow you to view PowerPoint presentations. You should have sound capability. I recommend earphones. Selected parts of the PowerPoint/lectures will be available on YOU TUBE. Watch for access instructions Get a Calculator. I recommend the Texas Instruments BA II Plus. It is cheap $28-$45 (eBay has them for $10 including shipping) Its the one your book uses. I know how to use it. There are many tutorials on YOU TUBE you may view. Get a Book READ IT In Closing Keep a good attitude.

Finance is hard. You will not be the only who is having trouble. I will be on campus during each week. Come see me. If you are away call me, we can do much over the phone. In My experience 25% of the people who start on line courses dont finish. Equipment problems Low computer literacy Lack of discipline Dont fall behind. Stay on it. Ill be watching Good Luck

Recently Viewed Presentations

  • AML with myelodysplasia-related changes Case 374

    AML with myelodysplasia-related changes Case 374

    Definition of CK not entirely standard: most consider >3 abnormalities and a few consider >5 abnormalities. Monosomal karyotype = two autosomal monosomies, or one autosomal monosomy associated with at least one structural abnormality. Most AMLs that fulfill criteria for CK...
  • Lecture 15: Interconnection Routing  Topics: deadlock, flow control

    Lecture 15: Interconnection Routing Topics: deadlock, flow control

    Lecture 15: Interconnection Routing Topics: deadlock, flow control
  • KS3 Science at Walton

    KS3 Science at Walton

    KS3 Science at Walton. In recent years, KS3 Science at Walton has been condensed into a 2 year course.. Pupils are taught KS3 Science in . Year 7. and . Year 8.
  • COMP 2903 Course Overview

    COMP 2903 Course Overview

    COMP 2903 A20 - Piracy, Computer Crime and IS Misuse at the University Danny Silver JSOCS, Acadia University T. P. Cronan, C.B. Foltz, T.W. Jones Communications of the ACM, June 2006 Definitions Software misuse = destroying or copying software, using...
  • Year 10 Purpose of the evening Exams Assessments

    Year 10 Purpose of the evening Exams Assessments

    GCSE English Literature (9715) Exam Board AQA. Two Levels of entry - Foundation. Higher. Your son/daughter's performance this academic year will begin to determine which level they will finally be entered for in the summer of 2016.
  • 1.Policy 2.Threat model 3.Mechanism security policies try to

    1.Policy 2.Threat model 3.Mechanism security policies try to

    Block coding. Shannon lossless source coding theorem. Compression. To be or not to be that is the question. Whether tis nobler in the mind to suffer. The slings and arrows of outrageous fortune. Or to take arms against a sea...
  • Fundamentals of Electrochemistry - University of Guelph

    Fundamentals of Electrochemistry - University of Guelph

    Fundamentals of Electrochemistry CHEM*7234 / CHEM 720 Lecture 1 Course Overview Date Thurs 8 Fri 9 Mon 12 Tues 13 Wed 14 Thurs 15 Fri 16 Mon 19 Tues 20 Wed 21 Thurs 22 Fri 23 Course Evaluation Assignments: Five...
  • Cement chemistry, reactions and adsorption of water, volume ...

    Cement chemistry, reactions and adsorption of water, volume ...

    Loss of water = 0,028*1042 = 29,176 kg. Thus, from the addedwaterover 50 % hasevaporated. In order to demonstrate the effect of this water loss we can calculate the maximum hydration degree (α. MAX) which could be achieved with this...