business law and finance discussion post

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For this week’s discussion, post a response to the following:

 

1. Describe a time when you made a major purchase (car, boat, household appliance, school books, golf clubs, etc).

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Explain the process you went through to gain ownership rights to the property. Was it complicated? Was it easy? Did you have to apply for a loan in order to obtain this property? If so, explain how this affects your rights to ownership of the property.

 

 

2. As we learned within this module, a firm’s profit does not necessarily equal its cash flow. Explain why using at least 2 Generally Accepted Accounting Principles (GAAP) to support your answer. Also discuss if earning a profit or generating cash flow is more important for a firm.

 

 

 

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