Discussion Question One:
Many students talk in their Autobiography about wanting to someday start a small business. Use the course text to gather information and understanding on how to answer this question. Assume that you are starting the business of your choice as a corporation with 3 friends as equal shareholders.
Discussion Question Two:
Pick a large company that does business in your community and view their financial results. For the most recent year, list the amounts reported for sales, cost of goods sold, and total net income. Does the amount reported for revenue represent cash received from customers during the year? If not, what does it represent? Is your company a profitable company? How can you tell?
Start reviewing and responding to at least two of your classmates’ postings as early in the week as possible. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between one or more lines of reasoning in the discussion.
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