The Swanton Accounting program was invited to the University of Toledo to compete in the University of Toledo Business Challenge sponsored through Junior Achievement. This is an invitation only contest for business and marketing programs that the university considers to be the top 20 in the region.
Swanton’s team, consisting of Hannah Gombash, Karah Kohlman and Alaina Sayre competed to a first place finish in the morning round of competition with a seventh place finish overall. Team members were awarded $2,250 in scholarship money.
Students in the contest are matched with a corporate volunteer that will advise them through the 15 rounds of competition. The volunteer for the Swanton team was accountant Mike Barton of Owens Corning.
Each round requires students to make up to thirty financial decisions based on economic conditions that include marketing, research and development, product lines and even payroll and benefit issues. Student decisions are then graded through a computer simulation that scores each team based on the economic realities of their choices.