Lawrence Sports Working Capital Policy Paper

Essay specific features

 

Issue:

Business

 

Written by:

Michael B

 

Date added:

June 18, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2098

 

Was viewed:

7364 times

 

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Essay content:

Along with the working capital policy will be a discussion on the ethical implications that businesses have when making decisions on how best implement a policy. Working Capital Policy “A managerial accounting strategy focusing on maintaining efficient levels of both components of working capital, current assets and current liabilities, in respect to each other...
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Working capital management ensures a company has sufficient cash flow in order to meet its short-term debt obligations and operating expenses.“ (Investopedia, 2009) Currently Lawrence has an agreement with the bank to automatically borrow as needed to cover operating expenses and maintain a minimum cash balance of $50,000...
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