Step 1: Financing
The junior accounting team has assembled a Financing Report that (a) offers three options for securing the additional funds required to meet the new order; and (b) details the criteria Shaun, the owner of SunsTruck, would like you to consider when choosing one of the three options. Based on this report:
Note: You should complete Steps 2 & 3 after reading the material in Week 5.
A junior accountant is working to get everything in order for the new financing and has come to you with a question about what do next in the accounting cycle.
A potential investor has been identified, but before it is willing to commit, it has requested information about SunsTruck’s current debt from the junior accountants.