Ignored TVM in making a financial decision

  Individuals who have not successfully completed a finance class often make an error by ignoring the time value of money concepts in making their day to day financial decisions. Think back and give us an example of when you ignored TVM in making a financial...

Value Added Versus Non-Value Added at a Restaurant

    Go to a fast food restaurant (or think about the last time you were at a fast food restaurant). Look at the steps involved in providing a meal to a customer. You’ll be on the lookout for value-adding steps and non-value-adding steps. Answer the...

Financial statements help determine financial health.

  Organizations must manage their working capital management to meet their short-term obligations. It’s important to consider working capital problems such as excess credit or a low cash balance. This is especially important when you propose new projects or...