The sixth edition of Short-Term Financial Management covers material pertinent to courses covering the management of firm liquidity, working capital, and the treasury function. The textbook provides a comprehensive overview of these vital topics and also introduces many of the topics that must be mastered to earn the Certified Treasury Professional (CTP) certification. Unit I examines the relationship between firm value and short-term financial management and provides in-depth coverage of the tools used to assess and benchmark firm liquidity. Throughout this unit, the cash conversion cycle is used as a pedagogical tool to connect liquidity management to overall firm value. Unit II reviews the costs and benefits of carrying inventory, accounts receivable, and accounts payable on the balance sheet. Unit III covers the essentials of corporate cash management, including payment systems, bank relationship management, and optimizing liquidity flows (e.g., disbursements, collections, and concentration cash flows). Lastly, Unit IV reviews cash flow forecasting, short-term investing, short-term borrowing, and financial risk management. The Test Your Understanding activities in each chapter reinforce critical topics, and end-of-chapter review questions and problems encourage critical thinking. Introducing students to practical applications of short-term financial management, the text is ideal for courses in financial management and corporate finance.

In heaven we shall know everlasting rest and the full measure of our inheritance. Though no eye has seen what God has prepared for us, from Revelation 21-22 we can understand a little of what heaven will feel like. We shall know a new freedom, economy, purity, peace, and so much more. Those will be the simple experiences. everlasting marriage and an enduring intimate community. Likewise, we shall know a growing and everlasting security within our grand heritage within God's promises and in the work of Christ. it is the farthest removed from our earthly experience. The greatest experience of all will be that-for the rest of our everlasting loving lives-we will share in the very life and glory of our dynamic and loving God, our loving Father and Abba. The greatest experience in heaven will be the very life and light that we share with God Himself, so very personal and loving to the uttermost.

What a journey! The 366 mariner metaphors were pulled from the first 60 volumes of the 63-volume New Park Street Pulpit & The Metropolitan Tabernacle Pulpit, a set of 3,561 sermons delivered between 1855-1872. We edited freely. More, it seems, than any other metaphor, Charles H. Spurgeon used the mariner to illustrate the voyage of the Christian in service to God. As the trade winds bellow our sails and push us towards our Fair Haven, many spiritual challenges wash our decks. One masterpiece after another. See www.PreciousHeart.net/Spurgeon-10.pdf for the 1st ten days.

Gertha Rogers is a multi-talented woman who gave her heart to prison inmates and staff for 25] years in the Texas prison system, earning the title, Queen of Prison Ministry. This timeless heartwarming story will surely become a classic in the literature. How much we need her and her kind is also placed inside the context of the state and national literature on in-prison programming, re-entry, and rehabilitation - where she has helped pave the way. A jewel of a story.

Russia's place in the world as a powerful regional actor can no longer be denied; the question that remains concerns what this means in terms of foreign policy and domestic stability for the actors involved in the situation, as Russia comes to grips with its newfound sources of might.

Would You Lie to Save a Life? Love Will Find a Way Home: A Theology on the Ethics of Love In 1968, Commander Lloyd Bucher and the USS Pueblo were pirated on the high seas. They were held captive for 11 months, and Bucher was forced to sign a confession - forced to lie to save the lives of his men. How does Love impact that decsion in a Christian theology? Love makes the world go round. Without Love, little else has value this side of heaven. In this dilemma between Love and Truth, Love was chosen over Truth, but not at the expense of all Truth. Between the deontological and teleological elements, time itself comes into play in the determination of the absolute "rightness" of the choice in perfect Love. How is as capable as Jesus was and is today? The course of Love is a sacred "stewardship of time" that is the highest exhibition of the Christian's own Imago Dei or image of God granted to us in creation. When we are able to follow the Scarlet Thread of obedience perfectly, it will lead straight through all of (1) the areas of complexity, uniting (2) all of the demands of all of the absolutes and run dead center between (3) all of the ethical fine lines. These three areas are detailed specifically.

Wild Horses is a thrilling story about a young princess, Debace. Even from her birth, she has been a gift. Her powers beyond those of any other that the Empire has ever seen. Throughout her young childhood she saves lives and grows to learn at a young age how to fight. At the mere age of 5, she is torn from her family and empire by the evil Sou Harra. Wild Horses, magical beings whom have roamed the land even before the humans could speak, help to save the young princess, the one who would right all wrongs. The Wild Horses and Debace flee the Empire, yet the Wild Horses cannot save her on their own. Debace is ejected into a land where she knows nothing, no memories, no family, and no enemies. As Debace grows to be a beautiful young woman, the Wild Horses and many other mystical beings watch over her and protect her, so that on her 18th birthday she may come back to the Empire and fulfil her destiny. The one to right all wrongs, she is the princess protected by the Wild Horses.

William McKnight was a member of the Seventh Ohio Volunteer Cavalry from September 1862 until his death in June of 1864. During his time of service, McKnight penned dozens of emotion-filled letters, primarily to his wife, Samaria, revealing the struggles of an entire family both before and during the war. This collection of more than one hundred letters provides in-depth accounts of several battles in Kentucky and Tennessee, such as the Cumberland Gap and Knoxville campaigns that were pivotal events in the Western Theater. The letters also vividly respond to General John Hunt Morgan's raid through Ohio and correct claims previously published that McKnight was part of the forces chasing Morgan. By all accounts Morgan did stay for a period of time at McKnight's home in Langsville during his raid through Ohio, much to McKnight's horror and humiliation, but McKnight was in Kentucky at the time. Tragically, McKnight was killed in action nearly a year later during an engagement with Morgan's men near Cynthiana, Kentucky.

In 2011, the United States government declared a cyber attack as equal to an act of war, punishable with conventional military means. Cyber operations, cyber crime, and other forms of cyber activities directed by one state against another are now considered part of the normal relations range of combat and conflict, and the rising fear of cyber conflict has brought about a reorientation of military affairs. What is the reality of this threat? Is it actual or inflated, fear or fact-based? Taking a bold stand against the mainstream wisdom, Valeriano and Maness argue that there is very little evidence that cyber war is, or is likely to become, a serious threat. Their claim is empirically grounded, involving a careful analysis of cyber incidents and disputes experienced by international states since 2001, and an examination of the processes leading to cyber conflict. As the authors convincingly show, cyber incidents are a little-used tactic, with low-level intensity and few to no long-term effects. As well, cyber incidents are motivated by the same dynamics that prompt regional conflicts. Based on this evidence, Valeriano and Maness lay out a set of policy recommendations for proper defense against cyber threats that is built on restraint and regionalism.

Some pundits claim cyber weaponry is the most important military innovation in decades, a transformative new technology that promises a paralyzing first-strike advantage difficult for opponents to deter. Yet, what is cyber strategy? How do actors use cyber capabilities to achieve a position of advantage against rival states? This book examines the emerging art of cyber strategy and its integration as part of a larger approach to coercion by states in the international system between 2000 and 2014. To this end, the book establishes a theoretical framework in the coercion literature for evaluating the efficacy of cyber operations. Cyber coercion represents the use of manipulation, denial, and punishment strategies in the digital frontier to achieve some strategic end. As a contemporary form of covert action and political warfare, cyber operations rarely produce concessions and tend to achieve only limited, signaling objectives. When cyber operations do produce concessions between rival states, they tend to be part of a larger integrated coercive strategy that combines network intrusions with other traditional forms of statecraft such as military threats, economic sanctions, and diplomacy. The books finds that cyber operations rarely produce concessions in isolation. They are additive instruments that complement traditional statecraft and coercive diplomacy. The book combines an analysis of cyber exchanges between rival states and broader event data on political, military, and economic interactions with case studies on the leading cyber powers: Russia, China, and the United States. The authors investigate cyber strategies in their integrated and isolated contexts, demonstrating that they are useful for maximizing informational asymmetries and disruptions, and thus are important, but limited coercive tools. This empirical foundation allows the authors to explore how leading actors employ cyber strategy and the implications for international relations in the 21st century. While most military plans involving cyber attributes remain highly classified, the authors piece together strategies based on observations of attacks over time and through the policy discussion in unclassified space. The result will be the first broad evaluation of the efficacy of various strategic options in a digital world.

Some pundits claim cyber weaponry is the most important military innovation in decades, a transformative new technology that promises a paralyzing first-strike advantage difficult for opponents to deter. Yet, what is cyber strategy? How do actors use cyber capabilities to achieve a position of advantage against rival states? This book examines the emerging art of cyber strategy and its integration as part of a larger approach to coercion by states in the international system between 2000 and 2014. To this end, the book establishes a theoretical framework in the coercion literature for evaluating the efficacy of cyber operations. Cyber coercion represents the use of manipulation, denial, and punishment strategies in the digital frontier to achieve some strategic end. As a contemporary form of covert action and political warfare, cyber operations rarely produce concessions and tend to achieve only limited, signaling objectives. When cyber operations do produce concessions between rival states, they tend to be part of a larger integrated coercive strategy that combines network intrusions with other traditional forms of statecraft such as military threats, economic sanctions, and diplomacy. The books finds that cyber operations rarely produce concessions in isolation. They are additive instruments that complement traditional statecraft and coercive diplomacy. The book combines an analysis of cyber exchanges between rival states and broader event data on political, military, and economic interactions with case studies on the leading cyber powers: Russia, China, and the United States. The authors investigate cyber strategies in their integrated and isolated contexts, demonstrating that they are useful for maximizing informational asymmetries and disruptions, and thus are important, but limited coercive tools. This empirical foundation allows the authors to explore how leading actors employ cyber strategy and the implications for international relations in the 21st century. While most military plans involving cyber attributes remain highly classified, the authors piece together strategies based on observations of attacks over time and through the policy discussion in unclassified space. The result will be the first broad evaluation of the efficacy of various strategic options in a digital world.