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Essay

Lawrence Sports Worksheet

Essay specific features

 

Issue:

Business

 

Written by:

Melissa S

 

Date added:

July 16, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 507

 

Was viewed:

9522 times

 

Rating of current essay:

 
Essay content:

The challenge will be to balance the net working capital (current assets minus the current liabilities) as Lawrence Sports may reach its line of credit with Central Bank while the challenges to collect from Mayo and make payments to Gartner and Murray continue. (Allen, 2005, Chapter 31,p846-847) Credit management ? Terms of sale ? Promise to pay ? Credit analysis ? Credit decision ? Collection policy Credit Management refers to the management of receivables and it involves the establishment of proper policies which are listed under the concept column...
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Lawrence Sports has not properly established such policies and procedures. It continues to face challenges with the collection of full payment from its main customer, Mayo, as well as the proper payment to its suppliers. The organization must act carefully when making collection arrangements and payments as Mayo contributes to about 95% of its sales and Gartner and Murray are the only suppliers...
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