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Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
Edition 2ISBN: 978-1259573798 Exercise 24
THE HOUSE OF WINE (REVISITED)
Please refer back to Case 9. The focus now shifts to inventory management. The proprietors have a somewhat limited start-up budget for inventory and working capital. It is very important for them to buy the right quantity of the right products (part of asset management).
Inventory may be purchased with cash, through short-term loans from a bank (notes payable/line of credit), or through a credit arrangement with suppliers (accounts payable). There are also a variety of shipping and receiving programs and systems available.
How would you recommend they pay for the inventory
Please refer back to Case 9. The focus now shifts to inventory management. The proprietors have a somewhat limited start-up budget for inventory and working capital. It is very important for them to buy the right quantity of the right products (part of asset management).
Inventory may be purchased with cash, through short-term loans from a bank (notes payable/line of credit), or through a credit arrangement with suppliers (accounts payable). There are also a variety of shipping and receiving programs and systems available.
How would you recommend they pay for the inventory
Explanation
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The case study shows that there are vari...
Entrepreneurial Small Business 2nd Edition by Jerome Katz , Richard Green
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