Your groups fictitious firm like all firms needs to develop


Question: Your group's fictitious firm, like all firms, needs to develop proper controls to ensure that short-term needs are met and that the firm gets the most out of its limited funds. To that end your group should do the following:

a- Establish your firm's operating cycle by determining its AAI and ACP as well as its CCC based on its OC and its APP.

b- Discuss the funding requirements, and state whether there is any seasonality to your required resource investment.

c- Choose a method for managing inventory, and discuss how this method applies to your Business.

d- Establish the specific credit terms by which you will be selling your firm's good/service.

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Finance Basics: Your groups fictitious firm like all firms needs to develop
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