The Portable MBA in Finance and Accounting, 3rd Edition

Index 655

search engines, 171
Web browsers, 169
vs. World Wide Web, 167–168
Internet service providers (ISPs), 166
Inventory:
adjustment, 92
disclosures, 58–59
ending (in financial budget), 187
LIFO method, 58–59, 318–319, 409– 411
note, nonrecurring items, search process, 90
subchapter S, 318–319
turnover ratio, 18, 19–20
Investment(s), 25–28, 532, 596, 607, 621
Irregular items. See Nonrecurring items
(gains/losses)

Jackson Printing, 199–220
JLG Industries, 369
Johnson & Johnson Inc., 373, 403, 408
J.P. Morgan, 576

Kayman Savings and Loan, 450– 451
Kaynar Technologies, 70
Keating Computer, 449– 450
Kekorian, Kirk, 569
Kellogg’s, 191–193
Kelly, Carol, 127–148

Labor indices, 211
Laptop computers, 151
Legacy systems, 541
Legal /contractual requirements (budgets), 176
Leverage, 27, 30, 31, 305–307, 601
Levitt, Arthur, 70
Liability, 228, 244–248
Liggett Group Inc., 121
Like-kind exchanges, 337–339
Limited liability company (LLC), 227–228
continuity of life, 235
control, 244
formation, 231
liability, 247–248
out-of-state operation, 232
pass-through entity, 318
recognition as legal entity, 233
taxation, 254–255
transferability of interest, 237
Limited partnership:
continuity of life, 235
control, 243–244
family, 344–345
formation, 231
liability, 247
out-of-state operation, 232
pass-through entity, 318
recognition as legal entity, 233
taxation, 253–254
transferability of interest, 236

Liquidity:

analyzing short-term, 16 –21, 28

discount for lack of, 621– 622

ratios, 601

Local area network (LAN), 164

Lockup agreements, 467

Long-Term Capital Management (LTCM),

429– 432

Long-term solvency, analyzing, 21–23, 28

Loss:

passive, 320–322

risk management by prevention/control of, 423,

424

Lotus Corporation, 544

Lyle Shipping, 361

Lynch, Peter, 532

M.A. Hanna Company, 62

Management by exception, 202

Management’s Discussion and Analysis (MD&A),

64– 67, 80–82, 90, 469

Market approach:

publicly traded guideline-companies method,

618– 621

valuation, 594

Market effects (budgetary control), 207

Marketing plan (business plan section), 273–277

advertising/promotion, 275–276

distribution strategy, 275

pricing strategy, 274–275

product /ser v ice strateg y, 274

sales/marketing forecasts, 276 –277

sales strategy, 276

target market strategy, 273–274

Market interest and growth potential (critical

risks section of business plan), 284

Market timing, 439

Market value, fair, 595, 604– 606

Market value of invested capital (MVIC), 608

Mason Dixon Bancshares, 35–36, 65

Master budget, 182–183. See also Budget(s)/

budgeting

Material indices, 210–211

Mattel Inc., 519

MC Enterprises Inc., 579

Mergers. See Acquisition

Micron Technology, 61– 62

Microsoft, 121, 582

Miller Brewing, 576

Moore’s Law, 538–539

Multimedia, 154–155, 170

Nabisco Foods, 561

NASDAQ, 469, 470

Net present value (NPV), 292–312

cash f low projection/forecasting, 292–299

computing, 292–301

cost of debt financing, 303–304