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Kendrick is a business owner who sells computer and other electronic parts. His U.S. suppliers...

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Accounting

Kendrick is a business owner who sells computer and other electronic parts. His U.S. suppliers have been raising their prices, and he's reluctant to pass these price hikes on to his own customers, who are mostly small businesses. After some effort, he has identified a potential lower-cost supplier in Taiwan for one of his best-selling products that could let him hold the line on his prices and improve his profit. However, he's used to just writing a check to pay for inventory purchases, but the Taiwanese supplier is nervous about getting paid, and Kendrick is anxious about paying for a product that's not yet in his hands. What method of payment or financing would you recommend that Kendrick use if

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