QUESTION OF THE DAY
10pts daily, due by the end of class.
Every day, class will start with a "Question of the Day". You should do your best to write a complete response (25 word minimum) to the question and EMAIL it to me. If you aren't sure about what to write, please ask! No credit will be given for late QODs, unless you were absent that day.
Monday, February 10: Is there a difference between growing and improving a business? Is it possible to grow and not improve or improve but not grow? Explain.
Tuesday, February 11: What is the accounting cycle? What are the 6 steps in the accounting cycle?
Wednesday, February 12: What is an INFORMATION SYSTEM? What types of information does a business collect? What do they use it for?
Thursday, February 13: No QOD.
Tuesday, February 18: Imagine you’re starting up your own business. What are all of the possible sources of financial capital for your new venture? Where on the balance sheet would they appear?
Wednesday, February 19: Why is RATIO ANALYSIS such an important tool for determining how a business is doing? What are the 5 categories of ratios?
Thursday, February 20: How do managers, investors, and creditors use ratio analysis differently? Be specific.
Friday, February 21: Give 3 examples of VARIABLE costs for a business. Give 3 examples of FIXED costs for a business.
Monday, February 24: Why is INVENTORY CONTROL so important to a business? What are some possible problems a business could have with their inventory?
Tuesday, February 25: Compare and contrast “direct” and “indirect” compensation. Give two examples of each.
Wednesday, February 26: What factors do companies look at when considering whether to extend credit to a customer? Explain what each means.
Thursday, February 27:
Friday, February 28:
100pts weekly, due by Sunday at midnight.
Every week, you will be responsible for finding a recent news article which relates to a relevant business, finance, or entrepreneurship topic. The criteria include:
A 250 word paragraph that (1) summarizes your article, (2) explains how it relates to class, and (3) provides your own personal reflections on the topic.
Typed in MS Word or Google Docs and attached to an email.
Use MLA format for the paper and cite your source.
- No credit will be given if your current event does not meet all of these criteria.
Example of Current Event in MLA Format
Yahoo Business: //news.yahoo.com/business/
CNN Money: //money.cnn.com/
Fox Business: www.foxbusiness.com/index.html
NBC Business: www.nbcnews.com/business#/
ABC Business: //abcnews.go.com/business
CBS MoneyWatch: www.cbsnews.com/moneywatch/
Fast Company: www.fastcompany.com
Young Entrepreneur: www.youngentrepreneur.com
Wall Street Cheat Sheet: //wallstcheatsheet.com/
Tax Information for Students: //www.irs.gov/individuals/students/index.html
Ohio Society of CPAs: www.ohiocpa.com
American Institute of CPAs: www.aicpa.org
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