Answer to Question #292890 in Economics for acas

Question

If the company requires $20,000 in early January 2020 to settle some debts, would it be an issue to the company? If yes, suggest 2 ways to solve it. 

Answer 1

The two possible steps to digging your business out of debt are:

1. Take inventory of your debt. Sort all of your debts by interest rate and monthly payment.
2. Boost sales. Once you have a debt management plan, you can think about ways to boost your sales.