Description
FIN 515 Week 7 DQ 1
Working Capital Management
How does management determine the total amount of working capital required?
What’s a financial aging schedule?
What are the two significant techniques that firms use to speed up cash collections and to get the funds to the right location?
Let’s now discuss short-term bank loans. What’s a promissory note? What are compensating balances?
What’s an accrual? Please explain.
Do late penalty fees motivate customers to pay their bills on time? Please explain.
What two components can trade credit be divided into? Please explain.
