accounts receivable

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.

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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.