1. Should companies report sales when it is made or when cash is collected?

2. Why do investment-type companies and high-tech companies carry high levels of cash? Is there a cost to holding too much cash? Is it costly to carry too little cash?

3.What are the trade-offs in financing a company by owner versus non-owner financing? If non-owner financing is less costly, why dont we see companies financed entirely with borrowed money?

4.How do shareholders influence the strategic direction of the company? How can long-term creditor influence strategic decisions?