AGEC 242 Lecture Notes - Balance Sheet, Income Statement, Cash Flow
22 Nov 2012
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Need to use textbook in business plan. More legitimate if we owe people money. Leverage: understanding of what borrowed money is about. Capital assistant: sometimes gets out of control. Fiscal clift: us, greece having public riots. Osterity: gov cutting back on services and salaries of people who are working for them b/c they don"t have money. People in greece haven"t been paid for 10 months. Still work because if gov does pay them eventually, they need to still be there: our age group, 50% unemployment rate in spain, higher in greece. People are moving: prospects for economic development very poor. Depression is when don"t expect it to cover for generation 20-25 years before employment and income levels come back: whatever wealth you have right now really takes hit. Inventory when we open up store for day, May have 30-60 days to pay for it. Food stores: usually have 15 days to pay for it called trade credit.
