Week 10 Reading Reflection

1.  What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations? 
Strangely enough, I didn't find any of this information in this chapter surprising.  This is probably due to the fact that I had just taken financial accounting and this chapter was pretty much just about financial accounting.  So yeah, no surprises for me this time.  I guess the only thing that was weird was that there were some differently worded terms that threw me off for a sec.

2.  Identify at least one part of the reading that was confusing to you.
One thing that I found confusing was the linear regression portion of finding the operating budget.  This confused me just because math.  But I got it down after studying it a bit.

3.  If you were able to ask two questions to the author, what would you ask? Why?
 My first question would be, if a business has accounts receivable that are not being paid and they are decided to be noncollectable,  what are the consequences/repercussions of not paying these accounts off within the allotted time period?  If all that happens is that the accounts just get written off, what is to keep people from purchasing on account and then not paying?

My second question how a company determines how much common stock and how much preferred stock it can give out?  I know that common stock is more abundant than preferred stock, but what determines how much of each is put out for investors to buy in?

4.  Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
Once more, I do not disagree with anything the author wrote, nor did I find anything that I thought was a mistake.  This topic of finances is a pretty fact-based one, and it is very hard to get something that is this universal wrong or input any wrong information.  This author is a professional and is most likely not going to make any mistakes in a topic such as this.