Question 1
The Statement of Stockholders Equity is viewed as the most important by many companies. The company you work for is no different. However, many outside the financial team do not understand what is contained in the statement. You are presented with a unique opportunity to deliver presentations to company employees concerning this fact. What key points would be addressed to the employees and why?
Question 2
There are many advantages to using a budget for planning and operation within a business. Businesses must know how much they expect an activity to cost as well as what they expect to yield from their effort throughout the year. This is the core of the business' survival. Budgets record the expectations for both costs as well as revenues from key activities over the business year. They are meant to maintain some planning element in the chaotic events that typically ensue during normal operations.
Share what you believe are the three main advantages for using a budget. Select one of these advantages and present an example, as well as how you feel that advantage would allow a business to be successful.
Question 3
A growing frozen food manufacturer is having difficulty obtaining the raw materials needed to make their product. Their retail distributors (grocery stores) are threatening to go to another supplier. Is there any supply chain management software for a small business that would be appropriate for a business like this?
Use the Internet to locate two supply chain management software providers that could aid a company like this. Briefly describe the capabilities of the two software applications. Which supply chain management software product would be more appropriate for this company? Why?