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?
The biggest surprise for me in the reading was the part of knowing when to walk away. If your customers are not making you money and the relationship is not going well, then it is totally justified to walk away.
2) Identify at least one part of the reading that was confusing to you.
The few parts of the reading that were somewhat confusing were the parts about the balance sheet. The accounts receivables and the allowance for uncollectible accounts were confusing, but after researching more it is more understandable.
3) If you were able to ask two questions to the author, what would you ask? Why?
If I were able to ask two questions to the author they would be: how does a business know when receivables are not collectible and how do you differentiate between liables? I would ask these two questions because they were the parts of the reading that stood out to me and I would want to know more.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
I did not find anything that the author was wrong about. He seems knowledgeable in the subject and it is fascinating listening to him talk all about the assets of a company and their balance sheets.
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