Assignment #4: Small Business Financing [15%] This assignment relates to the following Course Learning Requirements: CLR 1: Demonstrate the competencies required in the professional workplace. CLR 3: Complete authentic accounting related tasks similar to those one would experience in a typical business. CLR 4: Determine which government regulations apply to different businesses. CLR 5: Work effectively in teams to complete required tasks. Objective of this Assignment: In this assignment, students will demonstrate their abilities to complete small business financing requirements. Pre-Assignment Instructions: 1. To prepare you for this assignment, read the module 4 content, review all additional resources provided and complete the learning activity 4.1. Assignment Tasks: 1. For this assignment, you will read the following scenario and familiarize yourself with Pulsar Inc.'s finances. Once you have a good understanding of the financial undertakings, use the information provided in the scenario to answer the questions that follow below. Par Inc. is a lumber and from O Canal Parry working capital immive, a inventory as well as end credit its needs. It has currently at approved limit of $200,000 Hr. Pulsar has set up a ing line of credit with the bank to manage its working capital 50% of finished goods ry Debeliquity ratio no worse than 15:3 Here is the snapshot of Pabar's latest financial nation Pulsar la accounts reccable worth $150,000 and inve The spring schedule of the cable 30 days 90 days 131,000 Inventory Investory Type Inventory Raw Material $50,000 Finished Goods $150,000 Total of the company is 3400.000 while the total equity p Use the above information to answer the following questions. Questions must be answered in a Word Doc. Questions: 1. Does Pulsar Inc. qualify to borrow against the credit line? 2. How much would be the maximum amount the bank would lend to Pulsar Inc. under the credit line? 3. Pulsar Inc.'s owner has another company where she has an outstanding balance in the Duet to Shareholder account. She was advised by the public accountants to register the debt with the Personal Property Security Act (PPSA) just to be on the safe side. a. Explain the key elements of the PPSA in your own words and why they would benefit Pulsar Inc.'s owner. Submission Requirements: Your assignment is to be submitted in MS Word format. It should be submitted with the following guidelines: All questions must be answered in approximately 3 pages of length. Include a cover page with the course code and course name, the assignment number, the title of your assignment, your student ID, your name, the instructor's name, and the date the assignment is created. o Ensure the first page of your assignment has the title at the top of the page and the sections of your report have headings and subheadings to chunk your paper into sections for each of the topics you are writing about. o Font should be Arial 12 or Calibri 12. Text must be double spaced but table may be single spaced. You must cite all your sources of information using APA formatting.