1. Imagine a career you plan to pursue. You will use this career for the remainder of the project. All organizations must keep track of the transactions they enter into with their customers, clients, patients, governmental agencies, bankers, suppliers, etc.

1. How would the organization you work for or own earn revenue? Would that business collect cash in advance? At the time it was earned? After it was earned? Perhaps your organization would collect cash at more than one point, for example a 10% initial down payment with the remainder due when you complete the order. Write no more than 2 paragraphs explaining how your organization earns revenue. Cite your sources.
2. What types of expenses would your organization incur? Use a search engine to find typical expenses for your organization and list the expenses