Showing papers on "Cash flow forecasting published in 1976"
Book•
01 Jan 1976
TL;DR: In this paper, the authors present an overview of managerial finance, including the following: 1. Overview of Managerial Finance. 2. Institutions, Markets, and Interest Rates. 3. Basic Corporate Securities. 4. Cash and Marketable Securities.
Abstract: PART I. INTRODUCTION TO MANAGERIAL FINANCE. 1. Overview of Managerial Finance. 2. Institutions, Markets, and Interest Rates. 3. Basic Corporate Securities. Bonds and Stocks. 4. Financial Statements, Taxes Depreciation, and Cash Flow. 5. Financial Statement Analysis. II. IMPORTANT FINANCIAL CONCEPTS. 6. Time Value of Money. 7. Risk and Return. 8. Bond and Stock Valuation. III. LONG-TERM INVESTMENT DECISIONS. 9. Capital Budgeting and Cash Flow Principles. 10. Capital Budgeting Techniques. Certainty and Risk. IV. LONG-TERM FINANCIAL DECISIONS. 11. The Cost of Capital. 12. Leverage and Capital Structure. 13. Dividend Policy. V. SHORT-TERM FINANCIAL DECISIONS. 14. Financial Planning. 15. Working Capital and Short-Term Financing. 16. Cash and Marketable Securities. 17. Accounts Receivable and Inventory.
92 citations
TL;DR: In this paper, the development of models designed to answer these questions is reviewed, and emphasis has been placed on decisions concerned with operating conditions with the object of maintaining a level of cash flow in accordance with unstable conditions, in particular with a high rate of inflation.
Abstract: Cash flow management is concerned with the efficient use of the company's cash and short-term investments. Under stable economic conditions, this is a matter of deciding when to transfer assets and how much. The development of models designed to answer these questions is reviewed. More recently, emphasis has been placed on decisions concerned with operating conditions with the object of maintaining a level of cash flow in accordance with unstable conditions, in particular with a high rate of inflation.
40 citations
TL;DR: In this paper, a user-oriented language is used to estimate and calculate the uncertainty in the project milestone completion dates and the cash flow projections, and if limitations on the total cash flow in any period are imposed, the program automatically reschedules the project to meet the restrictions with the least delay in completion date.
Abstract: Cost estimate and durations for construction work packages are input by a user-oriented language. The program assembles the activities into a network and computes the monthly cash flow requirements. Different escalation rates may be given for each work package, and simple or compound interest on funds during construction may be used. Activities affected by weather conditions are automatically lengthened if they fall in the winter. Estimates of the uncertainty in costs and durations may be input, and the program calculates the resulting uncertainty in the project milestone completion dates and the cash flow projections. If limitations on the total cash flow in any period are imposed, the program automatically reschedules the project to meet the restrictions with the least delay in completion date. Application of the program to a coal-fired power plant is illustrated, and the effects of various cash flow limitations on project duration, interest, escalation, and total cost are compared.
24 citations
18 citations
12 citations
Posted Content•
TL;DR: In this paper, the authors argue that the proportion of a portfolio devoted to cash decreases as wealth grows, consistent with decreasing relative risk aversion and with a money demand that is normal, but not superior.
Abstract: While the paper lacks an abstract, it argues that the proportion of a portfolio devoted to cash decreases as wealth grows. This is consistent with decreasing relative risk aversion and with a money demand that is normal, but not superior.
9 citations
Book•
01 Jan 1976
6 citations
5 citations
TL;DR: In this article, a simple approach to modelling, embodying the minimum number of constituent activities, is advocated, and the viability of such a time-and-money model depends entirely on the correct definition of direct and indirect changes.
TL;DR: In this article, the authors reveal that the financial objective of U.S. corporate investments in developing countries such as Korea is to make enough cash flows on a discounted basis, and that the cash flow is in turn affected by the following factors: the rapatriation rate, tax incentives and credit, local labor cost, the relative cost of capital, the capital structure, tariff concessions, devaluation, and inflation.
Abstract: The financial objective of U.S. corporate investments in developing countries such as Korea—as this article reveals—is to make enough cash flows on a discounted basis. The cash flow is in turn affected by the following factors: the rapatriation rate, tax incentives and credit, local labor cost, the relative cost of capital, the capital structure, tariff concessions, devaluation, and inflation. Nonfinancial factors—political, social, and cultural—are also integrated in foreign investment decision making.
01 Jan 1976
TL;DR: The reasons for holding cash have traditionally been divided into three categories as postulated by Keynes1, the transaction's motive, the precautionary motive, and the speculative motive.
Abstract: Cash forms the method of collecting revenues and paying various costs and expenses of the business. At any one time there is almost certainly going to be a stock of cash in hand or some liability of cash owing. This is shown in the balance sheet under the headings cash in hand and bank balances or, if there is a negative bank balance, as a bank overdraft. (Note that from now on cash and current-account bank accounts will be used synonymously and deposit accounts will be treated separately with marketable securities as ‘liquid assets’; the reason for the differentiation is that payments are made out of the current accounts and that it takes some time to convert deposit accounts and marketable securities into current-account cash.) The reasons for holding cash have traditionally been divided into three categories as postulated by Keynes1, the transaction’s motive, the precautionary motive and the speculative motive. Each of these will be considered in turn.