Read the summary and the most important questions on Investeren en beleggen

• 1 Week 1

• 1.1 Chapter 1

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• High frequency traders (HFTs)

  A class of traders who, with the aid of computers, will place, update, cancel and execute traders many timers per second in response to new information as well as other orders, profiting both by providing liquidity and by taking advantage of stale limit orders

• Block chain technology

  Allows a transaction to be recorded in a publicly verifiable way without the need for a trusted third party to certify the authenticity of the transaction

• 1.2 Chapter 2

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• What 3 things are included in current liabilities?

  1. Accounts payable, the amounts owned to suppliers for products or services purchased with credit
  2. Short-term debt
  3. Items such as salary or taxes

• Enterprise value of a firm (Total enterprise value/ TEV)

  Assesses the value of the underlying business assets, unencumbered by debt and separate from any cash and marketable securities

• What guidelines do we use to adjust changes in working capital?

  1. Accounts receivable 
  2. Accounts payable
  3. Inventory
  4. Other 

• Statement of stockholders' equity

  Breakdown the stockholders' equity computed on the balance sheet into the amount that came from issuing shares vs retained earnings

• Inventory turnover formula

  Annual cost of sales/ inventory

• P/E ratio (price-earnings ratio) formula

  Market capitalization/ net income

• 1.3 Chapter 3

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• Future value of the investment (FV)

  Investment expressed in dollars in the future

• NPV decision rule

  When making an investment decision, take the alternative with the highest NPV. Choosing this alternative is equivalent to receiving its NPV in cash today