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Working Capital Lawrence Sports

Working Capital Lawrence Sports

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Title: Working Capital Lawrence Sports

Essay Details:

Subject: Business

Author: Harry A

Date: September 10, 2012

Level: University

Grade: A

Length: 4 / 962

Essay text:

Starting the week of March 31st Mayo has defaulted on the 80% due Lawrence for the weeks of March 17 and March 24. In addition to this default Mayo has informed the company that no payments will be made until the week of April 14th. The newly appointed Finance Manger will need to renegotiate the existing terms of sales with Mayo based on the fact that deferring payment until April 14th is unacceptable. The Finance Manager will have to come to new terms on existing money owed with Mayo to keep cash inflow going while minimizing the use of short term financing. Due to the cash crunch the Finance Manger also needs to manage cash outflow (terms of sales) to Gartner and Murray...

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