Lawrence Sports Working Capital Policy

Essay specific features

 

Issue:

Business

 

Written by:

Jesus W

 

Date added:

December 15, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2314

 

Was viewed:

1438 times

 

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Essay content:

A business could find itself at a production standstill or even bankruptcy because of a lack of cash. Lawrence Sports lacks capital working policies as well as broad selection of customers and suppliers. Working Capital Policy A vital tool in an effective capital working policy is cash budgeting. A cash budget is a way to monitor a businesses cash inflows and outflows, which in turn assist in predicting a company's ability to pay debt, expenses and can be used in planning short-term credit needs (Score, 2007)...
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A cash budget is a way to monitor a businesses cash inflows and outflows, which in turn assist in predicting a company's ability to pay debt, expenses and can be used in planning short-term credit needs (Score, 2007). Lawrence Sports has a credit line with high interest rates. The company is in a constant state of worry in regards to paying off the loan without borrowing any more money...
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