Please read

Each discussion needs to be responded to with at least 250 words 

Name of the book for class: Shoffner, G., Shelly, S. & Cooke, R. Finance for Nonfinancial Managers, 3rd. edition (2011). McGraw-Hill: New York. ISBN:  978-0-07-174955-8

this is for a financial administration class 

1) The 

time value (Links to an external site.)

 of money (TVM) is the concept that money you have now is worth more than the identical sum in the future due to its potential 

earning capacity (Links to an external site.)

. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also sometimes referred to as present discounted value.

https://www.investopedia.com/terms/t/timevalueofmoney.asp (Links to an external site.)

A DOLLAR A DAY IS WORTH MORE THAN A DOLLAR TOMORROW.

Please discuss your plans if you received a $250,000 retirement check, or inheritance check.  What would you do with that money?  What is your investment strategy to maximize profits or make your money last longer. Please discuss your investment strategy and respond to another student.

2) The Balance Sheet proves a snapshot of an organization at a particular time. Discuss the primary information that can be derived from this document. 

Note: reply to at least one fellow student posting for full credit. See rubric for grading criteria.

3) Many organizations are involving lower-level employees in financial control and budgeting. Discuss how lower-level workers perhaps could help in this process in their organization.

4) Financial statements are more meaningful when they can be compared to some standards, both internally and externally. Give an example. Discuss.