Submitted by trousdalelori on May 5, 2008

• Category: Business
• Words: 546
• Pages: 3
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Working Captial Managment Worksheet

Working Capital Management Concepts Worksheet
Concept Application of Concept in the Simulation Reference to Concept in Reading
Terms of Sale, Cash Discount





In order for Lawrence Sports to continue business without having to borrow from a line of credit, the company must establish a payment plan for Mayo. When Mayo does not pay in a timely basis then LS is forced to hold payment to suppliers. Therefore, it is imperative that LS have a firm TOS plan in place. By offering a cash discount as an incentive, Mayo may begin to pay on a timelier basis. “Not all sales involve credit…When we look at transactions that do involved...

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