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Critical Thinking: Appendix B Overview: These problems are meant to encourage deeper thinking on the material presented in the textbook. You are to answer ALL
Critical Thinking: Appendix B Overview: These problems are meant to encourage deeper thinking on the material presented in the textbook. You are to answer ALL questions presented in the problem using the knowledge you have gained throughout the textbook. However, do not simply repeat what is in the book. Use that information and interpret it the best you can to apply it to the situation. Requirements: Review the information and questions below. Provide a detailed 4-5 sentence explanation on how you would solve the problem or issue, based not only on the readings in the chapter, but your own personal experience and/or any additional outside research you perform. If quoting a source directly, make sure to cite that source, but do not rely solely on quoted materials. Issue: Susan Henderson, the vice president of marketing, was told by the CEO that she needs to understand the numbers because the company's existence depends on making money. It has been a long time since Susan took a class in accounting. She recalls that companies report net income and cash flows in two separate statements. She feels pretty comfortable with the income statement, but is somewhat lost looking at the statement of cash flows. She asks you to help explain this statement. Questions to be Answered: 1) Explain the form and content of the statement of cash flows, along with a short discussion of how to analyze the statement
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