Opening Activity

1. How will you do your bookkeeping? Can you use a template or software program? Name the program you intend to use.

I think that our group will keep track of our supplies and such on the computer and we will use Microsoft word.  

2. Last class you projected cash flow for your assignment, what did you learn?

I have learned that you should make reasonable choices like the amount we are going to spend and we should think of the bad and good things that could happen to our business. I also learned that if you don't keep track of your cash flow, then your business might need to change their prices and such. 

3. How will you ensure that you get paid on time?

I learned that you should have someone in charge of the money and that it is important that you let your customers know the prices.  Also, you need to have control; if you don't then the company may run out of cash fast.