Sedge Moths of North America, The (Lepidoptera

Traditionally, the study of financial decision making in law enforcement and criminal justice entities has been approached from the perspective of tax revenues and budgeting that focus only on the past and present. Capital investments of cash flow provide future benefits to all organizations, and among courses in business administration, these notions of long-term financial management are critical to a sound understanding of organizational finance. Strategic Finance for Criminal Justice Organizations examines capital budgeting techniques from a quantitative perspective that targets the strategic future of revenues within the criminal justice and law enforcement sectors._x005F_x000D__x005F_x000D_Explaining capital budgeting concepts through the use of practical examples, this volume discusses:_x005F_x000D__x005F_x000D__x005F_x000D__x005F_x000D_Economics and the use of money as a tool to facilitate the exchange of goods and services_x005F_x000D_Human decision making, impediments to rendering objective decisions, and methods for improving decision objectivity_x005F_x000D_The consequences of making capital budgeting decisions, the concept of risk, and the time value of money_x005F_x000D_The rendering of decisions using the payback time method and the mathematical formula necessary to use it_x005F_x000D_The concept of discounting and decision rules for net present value_x005F_x000D_How to make an internal rate of return financial decision_x005F_x000D_The mathematical formula for the profitability ratio/index method and using it to make financial decisions_x005F_x000D__x005F_x000D__x005F_x000D_In all organizations, it is essential that financial decisions are made through informed insight considering all relevant factors. This volume contributes to improvements of the skills that are required to robustly render beneficial, long-term strategic decisions within the law enforcement and criminal justice environment.