The percent of sales method is based on historical information. Giving consideration to the turbulent...

90.2K

Verified Solution

Question

Accounting

The percent of sales method is based on historical information. Giving consideration to the turbulent first decade of this century with wars and shortages of food and fuel, do you think that looking to the past is the best way to predict the future? Are there any alternatives or adjustments to the percent of sales method that you can suggest?
Given the globalization of business, should firms look outside their own borders for short-term financing? What are the advantages and disadvantages of doing this?
Of all current assets, inventory is usually the least liquid. The bank would have to service a loan for inventory, making regular on-site visits to confirm that the inventory still exists. There is also the possibility that, particularly in the technology industry, inventory could be rendered obsolete overnight. Would the rates be significantly higher on an inventory loan than the rates on a loan for another asset and under what circumstances is a bank most and least likely to grant a loan with inventory as collateral?
\table[[Marking Criteria,Marks,],[\table[[Clarity, structure,],[and content]],7,\table[[Assignment should be completed and have all required],[contents. The assignment should be well explained,],[analysed, and covers all topics in organised manner.]]],[\table[[Examples and],[Research Based]],2,Answers should include detailed examples],[\table[[Citations and],[References]],1,All sources cited properly in accordance with APA style.]]
FORMAT SPECIFICATIONS & SUBMISSION
Review, revise, and edit your work. Save your Assignment III as either a Microsoft Word document or PDF that includes the following specifications:
Title page (assignment title, course code, your name, student ID, assignment due date)
1.5 line spaced & 12-point Times New Roman/Arial font text
Alignment- Justified
page numbers
Reference page and properly cited in-text citations that adhere to APA reference formats.
ASSIGNMENT SHOULD BE IN YOUR OWN WORDS, COPIED WORK FROM THE INTERNET OR OTHER SOURCES WILL BE GIVEN A MARK OF ZERO.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students