BUS 1101; Introduction to Business
Week Four Homework Assignment
Chapters Seven, Eight, and Nine
Please type up answers in MS Word, font 12, double-spaced. The assignment must be at least two pages in length.
Beyond personal resources, what are other funding options for small businesses? Why dont more entrepreneurs tap into these resources? (5 points)
What are the key contributions of small business to the U.S. economy? Rank the benefits in terms of importance, and provide the reasons for your ranking. (5 points)
3. Discuss the key differences between financial accounting and managerial accounting. (5 points)
4. You have a company’s balance sheet, its income statement, and its statement of cash flows. Which would you refer to if you wanted to know if a company made or lost money last year? If you wanted to find out how much debt the firm had used to finance its assets? If you wanted to know why its cash balance had changed over the past year? (5 points)
Is it possible for companies both to maximize financial value and be socially responsible? Explain. (5 points)
What is the net present value (NPV) of a long-term investment project? Describe how managers use NPVs when evaluating capital budget proposals. (5 points)