Week 10 Reading Reflection

The one section of this financial chapter that actually took me by surprise was the mention of simple linear regression. I'm currently taking business statistics and we are learning about simple linear regression right now. As with a lot of information we learn throughout college we don't necessarily see how that information always connects to other subjects and is important in the grand scheme of things, but it is cool to see something I am learning in that class tie in to this class. Finding out that this topic crosses over makes me more interested in understanding its role in finances.

This chapter is actually a lot of information that I have learned previously. I was an accounting major before I transferred to UF and changed my major so I took several classes that covered this information. This chapter was like a refresher course on this subject and wasn't especially confusing. The author had some different ways of presenting this information but all in all it was the same information.

One question I have from this chapter would be about the importance of these different financial documents. When creating a business at what point should you sit down and really iron out these documents and project costs and such? I feel as though so much information fluctuates and changes so much within a business in a matter of months. Not to mention how it would be much more fluid in a new startup or business.

In one of the subsections of the chapter the text focuses on the value of currency. My question is how has the value of the currency changed in the last century in America? I understand that things were a lot cheaper a few decades ago but is that because of the value of currency or inflation? Or some combination of the two? Gasoline used to cost so much less and fluctuates so much today. But was the value the same back then or really cheaper?

There was no information that I believe the author was wrong about in this chapter. As I stated earlier I have learned a lot on this subject and believe the author did a good job presenting the information within the chapter.