SOC100H5 Lecture Notes - Lecture 11: Crowdfunding, The Need

• School: UTM
• Department: Sociology
• Course: SOC100H5
• Professor: Jayne Baker

Document Summary

Peer evals on monday at 9pm till dec 1st at 11:59pm. Hard copy signed next week; only if you have a very high or low evaluation. Article #1: crowdfunding: crowdfunding is an option to acquire financial resources. Might make it easier to acquire that financing. Nfp organizations: certain organizations are more likely to benefit than others, as a (cid:396)esult, the(cid:455) ha(cid:448)e (cid:374)o p(cid:396)o(cid:271)le(cid:373) a(cid:272)(cid:272)essi(cid:374)g it, so the(cid:455) do(cid:374)"t (cid:374)eed to tu(cid:396)(cid:374) to so(cid:373)ethi(cid:374)g like crowdfunding. Not a (cid:272)lea(cid:396) idea of ho(cid:449) (cid:449)e"(cid:396)e doi(cid:374)g. Financial planning process: forecast cash flow, budget cash needs. The budget process: a (cid:271)udget sets fo(cid:396)th (cid:373)a(cid:374)age(cid:373)e(cid:374)t"s e(cid:454)pe(cid:272)tatio(cid:374)s fo(cid:396) (cid:396)e(cid:448)e(cid:374)ues, a(cid:374)d o(cid:374) the (cid:271)asis of those expectations, allocates the use of specific resources throughout the firm, a (cid:395)ua(cid:374)titati(cid:448)e e(cid:454)p(cid:396)essio(cid:374) of the fi(cid:396)(cid:373)"s st(cid:396)ategi(cid:272) pla(cid:374)s. The need for funds: managing day to day needs of the business, controlling credit operations, acquiring needed inventory, making capital expenditure. Time value of money: money has time value.