1. Discuss the pros and cons of providing credit to customer’s, if you do decide to provide credit, what policies should you establish and enforce?
2. Which of the asset valuation methods (book value, replacement value, and fair market value) is the best?
3. What are the reasons for documenting the processes of your for determining the value of your business's assets? Explain business? Your choice, detailing how your preferred method is better than the other three.