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Lawrence Sports Working Capital Policy Paper

Lawrence Sports Working Capital Policy Paper

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Title: Lawrence Sports Working Capital Policy Paper

Essay Details:

Subject: Business

Author: John R

Date: December 27, 2012

Level: University

Grade: A

Length: 8 / 2118

Essay text:

Lawrence Sports lacks on capital working policies as well as a wide range of customers and suppliers. Working Capital Policy Cash budgeting is an important tool in an effective capital working policy. A cash budget is a way to monitor a business cash inflows and outflows, which in turn assist in forecasting a company's ability to pay debt, expenses and can help with planning short-term credit. Lawrence Sports is in a constant state of worry in regards to paying off the loan without borrowing any more money. LS suppliers and customers felt the impact the most. Lawrence Sports relies on on-time payments from the customer, stretched out payments to the suppliers and a credit line with high interest rates...

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