Determine whether the owners use the cash accounting system or the accrual accounting system
Cash versus Accrual Method
Figure 9.1.ComparitiveAccounting Systems. Reprinted fromSmall Business for the 21st Century(Chapter 9 p. 9) by Anonymous 2014 Washington D.C.: The Saylor Foundation. Non-copyrighted 2014 by Creative Commons. Reprinted with permission under thehttp://creativecommons.org/licenses/by-nc-sa/3.0/guidelines.
Please post a250wordinitialresponse to the following discussion topic by Thursday and post peer responses to at least two other students (across all themes) by Sunday.
Choose at least one local business for this discussion topic.
Determine whether the owners use the cash accounting system or the accrual accounting system and why.
Ask how they handle their accounting (on their own? Through a service? A mix?) as well as benefits and challenges involved in this choice.
Discuss with the course (not the business owner) your thoughts on your findings; did you learn anything new? Would you make any recommendations?
2. CAMPARI and Break Even Analysis Your Choice
Please post a250wordinitialresponseto one of the following discussiontopicby Thursday and post peer responses to at least two other students (across all themes) by Sunday.
Choice One: CAMPARI
For this discussion question you are the loan officer of a bank. A valued customer Jane Smith has come to you requesting a loan for a small business Cats R Us a cat-walking service. Yes cats. As the loanofficerhow would you approach this request? Using the CAMPARI method as mentioned in your text (and/or any other resources youd like to refer to) walk us through the steps would you take which data would you analyze etc. as well as how you would communicate with Jane about her idea.
Choice Two:BREAK-EVEN ANALYSIS
The bottom line of most businesses involves making a profit. Imagine putting your saving or home equity into starting your own business. Would you not want to know when your business is selling a product or service when it will break-even (when revenue = fixed/variable costs)?
Please list out assumptions of break-even analysis?
Explain the break-even technique and how to determine the point when the product/service breaks even?
What are the applications of the break-even analysis?
3. Changing Customers Needs andCustomer-FocusedSupply Chains
Figure 9.1.ComparitiveAccounting Systems. Reprinted fromSmall Business for the 21st Century(Chapter 11 p. 10) by Anonymous 2014 Washington D.C.: The Saylor Foundation. Non-copyrighted 2014 by Creative Commons. Reprinted with permission under thehttp://creativecommons.org/licenses/by-nc-sa/3.0/guidelines.
The authors of your textbook report the following:
No businesssmall midsize or largesurvives for more than a century without successfully identifyingchanging
customerneeds and adapting its processes and technologies.
The adoption of new technologies is not limited to advanced manufacturing or web-based business. New technologies can be crucial to any business even a business as seemingly prosaic as the local hardware store. However successfully running a business with an inventory between twenty-fivethousand and thirty thousand different items is anything but prosaic. (Small Business for the 21st Century 2014 Chapter 11p. 2)
Please post a250wordinitialresponse to the following discussion topic by Thursday and post peer responses to at least two other students (across all themes) by Sunday.
Choose three businesses you have patronized for at least several years for this discussion. Describe how each organization has adapted to changing customer needs in regard to their processes and technologies. In your discussion be sure to include:
The changes as mentioned above
Effects of these changes on the survival and/or increased success of the business
Some of the challenges faced by the organization when implementing changes an employee manager or store owner should be able to provide you with a good overview.
4. Leadership
The authors of your textbook sum upthat different situations call for different leadership styles.The three major styles are autocratic democraticandlaissez-faire.Bad leaders typically stick with one style (Small Business for the 21st Century 2014 Chapter 12p. 7).
Please post a250wordinitialresponseto the following discussion topicby Thursday and post peer responses to at least two other students (across all themes) by Sunday.
In your own words define each of the three basic styles of leadership. Then locate current real-world examples of each type of leader and discuss their strengths and weaknesses. These can be previous or even current employers (but please maintain their anonymity) small business leaders well-known heads of massive conglomerations etc. If applicable cite your sources of information. Finally discuss the type of leader you believe you are or would like to be and why.
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