1. You are the accountant in charge of coming up with the year end provision for bad debt expense for your company. What method would you use and why? Give a full analysis in your answer.

2. You are starting a business that requires you to carry inventory. Which one of the inventory costing methods would you use? Give a full analysis of why you chose the costing method you did and what type of business you are starting.

3. You are starting a business and want to put in some checks and balances to make sure that your assets are safe & your financial records arent manipulated.

List the 3 internal controls you would implement in your business first and explain why you think that these 3 are the most important to your business. Please include the type of business you are starting .