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Working Capital Management Concepts Worksheet

Concept
Application of Concept in Scenario Reference to Concept in Reading
Net working capital Stephanie Sanders, Chief Financial Officer, has hired a Financial Manager to address the working capital management for Lawrence Sports. The organization relies in one main customer (Mayo), two suppliers (Gartner and Murray) and a bank (Central Bank). 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......

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Approximate Word Count: 483
Approximate Pages: 2 (250 words per double-spaced page)

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