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Lawrence Sports Working Capital Policy Paper
Essay specific features
Written by:
Michael B
Date added:
June 18, 2010
Level:
University
Grade:
A
No of pages / words:
8 / 2098
Was viewed:
7431 times
Rating of current essay:
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...
displayed 300 characters
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