Logged out
Access All our Essays in an Instant
Swap your work for FREE access, or pay £4.99 for instant access
Lawrence Sports Working Capital Policy Paper.Lawrence Sports is a manufacturing and distribution company of sporting goods
Member rating: No Rating | Words: | Submitted: Fri Feb 16 2007
Page Preview
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Running head: LAWRENCE SPORTS WORKING CAPITAL POLICY Lawrence Sports Working Capital Policy Paper LaKisha Spurlock University of Phoenix January 4, 2007 Lawrence Sports Working Capital Policy Paper Lawrence Sports is a manufacturing and distribution company of sporting goods. They make and distribute equipment and protective gear for baseball, football, basketball and volleyball. Lawrence Sports purchases its materials from Gartner Products and Murray Leather Works. They also distribute 95 percent of its products to Mayo Stores and have revenues of $20 million. Currently, the company is facing several situations that offer opportunities as well as problems that need to be evaluated. Lawrence Sports' working capital policy will include the following: * Cash balance requirements including cash reserves needed for long term opportunities that may arise. * A credit policy that balances Lawrence Sports' desire to minimize accounts receivable and maximize revenue. * A supplier negotiation strategy for terms of payment that balances the costs to...
To see the full version of this document, and 145,841 others
