TextBook: Entrepreneurial Finance, Fifth Edition
Custom CourseSmart ISBN: 1-25-677026-4
eText: ISBN-10 0-13-502689-X, ISBN-13 978-0-13-502689-2
Print: ISBN-10 0-13-502529-X, ISBN-13 978-0-13-502529-1
Author(s): Philip J. Adelman; Alan M. Marks,
Publisher: Prentice Hall
Copyright year: © 2010 Pages: 456
Read the case of page 145 entitled: Mark Wheeler Craftsman, Inc.
Write 3 pages in APA format in response to the following questions .
a. Income for the firm depends on the number and size of contracts for the year.
Knowing that the cash flow into the company may vary, how should employees
be paid? Outline an employee payroll strategy using the information in the story.
b. The firm is subject to affordable credit and seasonal work contracts. What
happens to the firm if their lines of credit suddenly become too expensive
because of market panic or tough times in used home sales? How does a firm
cope when the housing market becomes difficult?
c. What happens to the payroll strategy when home values drop? Why?
Below is a recommended outline.
1. Introduction
a. A thesis statement
b. Purpose of paper
c. Overview of paper
2. Body
a. Income for the firm depends on the number and size of contracts for the year.
Knowing that the cash flow into the company may vary, how should employees
be paid? Outline an employee payroll strategy using the information in the story.
b. The firm is subject to affordable credit and seasonal work contracts. What
happens to the firm if their lines of credit suddenly become too expensive
because of market panic or tough times in used home sales? How does a firm
cope when the housing market becomes difficult?
c. What happens to the payroll strategy when home values drop? Why?
3. Conclusion – Summary of main points
a. Lessons Learned and Recommendations
4. References – List the references you cited in the text of your paper according to APA
format.
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