Module 5 Resources
1. 24% of world's large companies risk running out of cash (If sales drop 30% for the next 6 months, data shows) (https://asia.nikkei.com/Spotlight/Datawatch/24-of-world-s-large-companies-risk-running-out-of-cash)
2. Garcia-Appendini, Emilia, and Judit Montoriol-Garriga. "Firms as liquidity providers: Evidence from the 2007–2008 financial crisis." Journal of financial economics 109.1 (2013): 272-291.
3. Berg, Tobias, Anthony Saunders, and Sascha Steffen. "The total cost of corporate borrowing in the loan market: Don't ignore the fees." The Journal of Finance 71.3 (2016): 1357-1392.
Articles in Nature
•Flaxman, S., Mishra, S., Gandy, A. et al. Estimating the effects of non-pharmaceutical interventions on COVID-19 in Europe. Nature (2020). https://doi.org/10.1038/s41586-020-2405-7
•Hsiang, S., Allen, D., Annan-Phan, S. et al. The effect of large-scale anti-contagion policies on the COVID-19 pandemic. Nature (2020). https://doi.org/10.1038/s41586-020-2404-8
Books
•Cost Accounting, 15th Edition, Charles T. Horngren, Srikant M. Datar, Harvard University, Madhav V. Rajan, Stanford University.
ISBN-13: 9780133428704
•Target Costing and Value Engineering, Robin Cooper and Regine Slagmulder, Institute of Management Accountants.
ISBN-13: 978-1563271724
Spreadsheet templates
·Restaurant costing example
·Cost-volume-profit analysis
·Cash budgeting
1. Mark Cuban on why you shouldn’t use a credit card: https://www.cnbc.com/2018/10/01/millions-of-americans-are-breaking-mark-cubans-wealth-building-rule.html#:~:text=Self%2Dmade%20billionaire%20Mark%20Cuban,Don't%20use%20credit%20cards.&text=It's%20advice%20he%20wishes%20he,investment%20that%20you%20can%20make.
2. Apple issues debt not because it needs it, but takes advantage of historically low rates: https://www.marketwatch.com/story/apple-pulls-in-pricing-joins-record-corporate-debt-borrowing-spree-2020-05-04#:~:text=For%20its%20part%2C%20Apple%20has,that%20back%2C%E2%80%9D%20Murphy%20said.
3. Warren Buffet on why he used a 30-year mortgage to buy his house when he had the cash and why it was one of the best decisions he ever made: https://mortgagebite.com/mortgage-blog/personal-finance/even-the-rich-get-mortgages-warren-buffett-explains-his-mortgage-borrowing-strategy-to-cnbc