1) Explain the difference between macro-aging and micro-aging accounts receivable schedules.

2) Cash flow is described as the lifeblood of a business. How would you explain this description to someone who does not understand business finance?

3) Cash flow is more important than profit for a small business. Why? If your income statement shows a profit at the end of the month, how can anything be more important?

4) What are the advantages of borrowing through the SBA?

5) Why do suppliers extend trade credit to other businesses? What are the advantages and disadvantages of using trade credit?

6) How are private placements and public offerings different?

7) Discuss the types of interest that may apply to a loan.

8) What is the difference between a secured loan and an unsecured loan?

9) How does a small businesss capital structure change over time?

10) How can financial records allow you to identify problems in your business?