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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

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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?