Week 6 Discussion
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Week6Discussion.docxW6 Discussion #1
In our readings this week, the authors of our textbook described how several businesses have made decisions to spend more money upfront, hoping that they will save money down the road. For example, Staples purchased electric delivery trucks that cost more than diesel trucks, yet the savings in gas and maintenance are anticipated to make up for this expense. With this kind of decision-making, businesses are using the concept of time regarding money. We also learned about budgeting in Chapter 9. Have you developed a budget for your personal income and expenses? Let’s think of something close to home for this week’s discussion forum conversation.
In your initial post, compare the information pertaining to Master Budgets (chapter 9) to your personal budget (you do not need to provide actual number!) If you were to use your personal budget as business managers use the Master Budget, you would probably find some areas where you could save money, or make a change so that you will have more money in the future.
Provide an example of investing in something that will hopefully realize future profits (incorporating alternative energy sources as you build your new home; buying a hybrid vehicle for your next car; switching to a “whole food” diet rather than buying pre-packaged foods). Give enough information in your example so that your peers can address the following questions in their replies.
How did the example illustrate the time value of money concept?
How was the Net Present Value concept illustrated?
How was the payback period determined?
INITIAL POST
Cite and summarize the resource.
FOLLOW UP POSTS
As you review what your peers have posted, use your critical thinking skills to respond to their interpretations and conclusions. Seek clarification for points of interest to you.
W6 Discussion #1
In our readings this week, the authors of our textbook described
how several businesses have made
decisions to spend more money upfront, hoping that they will save money down the road. For example,
Staples purchased electric delivery trucks that cost more than diesel trucks, yet the savings in gas and
maintenance are an
ticipated to make up for this expense. With this kind of decision
-
making, businesses
are using the concept of time regarding money. We also learned about budgeting in Chapter 9. Have you
developed a budget for your personal income and expenses? Let’s think
of something close to home for
this week’s discussion forum conversation.
In your initial post, compare the information pertaining to Master Budgets (chapter 9) to your personal
budget (you do not need to provide actual number!) If you were to use your pe
rsonal budget as business
managers use the Master Budget, you would probably find some areas where you could save money, or
make a change so that you will have more money in the future.
Provide an example of investing in something that will hopefully reali
ze future profits (incorporating
alternative energy sources as you build your new home; buying a hybrid vehicle for your next car;
switching to a “whole food” diet rather than buying pre
-
packaged foods). Give enough information in
your example so that your
peers can address the following questions in their replies.
How did the example illustrate the time value of money concept?
How was the Net Present Value concept illustrated?
How was the payback period determined?
W6 Discussion #2
This week, you were asked to access a number of videos and websites. These are great resources to help
you learn the materials this week. Consider wh
at type of resource you find most helpful in learning new
materials (videos, examples, text, etc). Then consider which topic you struggled with the most this week.
Complete an online search for a new resource that will help you with that topic. For example
, if you
learn best from videos and you struggled with the topic double entry accounting, then complete an
online search for “double entry accounting videos”. If you learn best by examples, search for “double
entry accounting examples”. Select one of the i
tems you find in your search that you found particularly
helpful in learning the topic you struggled with the most and post a summary of the resource and a link
to the resource.
INITIAL POST
Cite and summarize the resource.
FOLLOW UP POSTS
As you review wh
at your peers have posted, use your critical thinking skills to respond to their
interpretations and conclusions. Seek clarification for points of interest to you.
W6 Discussion #1
In our readings this week, the authors of our textbook described how several businesses have made
decisions to spend more money upfront, hoping that they will save money down the road. For example,
Staples purchased electric delivery trucks that cost more than diesel trucks, yet the savings in gas and
maintenance are anticipated to make up for this expense. With this kind of decision-making, businesses
are using the concept of time regarding money. We also learned about budgeting in Chapter 9. Have you
developed a budget for your personal income and expenses? Let’s think of something close to home for
this week’s discussion forum conversation.
In your initial post, compare the information pertaining to Master Budgets (chapter 9) to your personal
budget (you do not need to provide actual number!) If you were to use your personal budget as business
managers use the Master Budget, you would probably find some areas where you could save money, or
make a change so that you will have more money in the future.
Provide an example of investing in something that will hopefully realize future profits (incorporating
alternative energy sources as you build your new home; buying a hybrid vehicle for your next car;
switching to a “whole food” diet rather than buying pre-packaged foods). Give enough information in
your example so that your peers can address the following questions in their replies.
How did the example illustrate the time value of money concept?
How was the Net Present Value concept illustrated?
How was the payback period determined?
W6 Discussion #2
This week, you were asked to access a number of videos and websites. These are great resources to help
you learn the materials this week. Consider what type of resource you find most helpful in learning new
materials (videos, examples, text, etc). Then consider which topic you struggled with the most this week.
Complete an online search for a new resource that will help you with that topic. For example, if you
learn best from videos and you struggled with the topic double entry accounting, then complete an
online search for “double entry accounting videos”. If you learn best by examples, search for “double
entry accounting examples”. Select one of the items you find in your search that you found particularly
helpful in learning the topic you struggled with the most and post a summary of the resource and a link
to the resource.
INITIAL POST
Cite and summarize the resource.
FOLLOW UP POSTS
As you review what your peers have posted, use your critical thinking skills to respond to their
interpretations and conclusions. Seek clarification for points of interest to you.
