1. What does it mean when a transaction is non-cash? If it's non-cash, why do we even care about it?
2. A gain or loss on sale causes two adjustments to the cash flow statement. Describe both of them?
3. We saw someone doing a great job of "trading up". How does that relate to the study of finance?
4. What's wrong with using a percent of sales to figure out how much of your accounts receivable might not be collected?