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Lawrence Sports Worksheet

Lawrence Sports Worksheet

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Title: Lawrence Sports Worksheet

Essay Details:

Subject: Business

Author: Estella S

Date: March 7, 2014

Level: University

Grade: A

Length: 2 / 507

Essay text:

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. Lawrence Sports has not properly established such policies and procedures...

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