FIN 305 Study Guide - Midterm Guide: Capital Gain, Ringo Starr, Guaranteed Investment Certificate
28 Oct 2015
School
Department
Course
Professor
Document Summary
Describes a business from an operating and strategic perspective. Fundamental goals of a business entity: mission. At least some of the money comes from the owners. Invest in resources: that are essential to operating the business eg. premises, machinery, computers, etc, obtains financing, to pay/finance the resources before operations grow to such a scale that it can sustain itself, eg. Yard maintenance business, personal service business, self employed: operating activities that the business undertakes, resources needed. Tang"s yard maintenance had a very successful summer season last year. This year, he has tripled his customers and hired two high school students to perform much of the work. He had to purchase two new lawnmowers so each student has equipment to work with and he bought a pick-up truck to deliver the students and their mowers to a set of jobs each day.
