- Imagine that you are the treasurer of your organization, and the company is in need of cash; unfortunately, the company is unable to secure a loan from the bank. Suggest at least two (2) ways in which the company can obtain the needed cash. Compare and contrast secured borrowing and sale of receivables. Also, recommend one (1) of the methods that the company should use in order to obtain cash. Provide an explanation to support the method that you have selected.
- Suppose management is considering offering credit sales to customers but is unsure of what the generally accepted accounting principles are concerning uncollectible accounts receivables. You are the senior accountant, and management has asked for your help. Compare and contrast the percentage of sales method and the percentage of receivables method to recognize uncollectible accounts receivables. Recommendation to management the type of method that would be beneficial to the company if the company is seeking a loan from a bank. Provide a rationale to support your recommendation.
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
ACADEMIC WRITERS DEN(AWD)
Our mission is to promote academic success by providing students with superior research and writing, produced by exceptional writers and editors.
1818 N Vermont Ave
Los Angeles, CA, United States