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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2350 |
Essay's paper body
Lawrence Sports has the opportunity to become a bigger player in the sporting goods industry by establishing new financial policies.
Cash discounts could be an option, both with Lawrence's accounts payables and receivables. The current timeframe for payment is currently fairly short and would need to be given on delivery if full payment was received...
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The current timeframe for payment is currently fairly short and would need to be given on delivery if full payment was received. An alternative idea is to offer 2/10, net 30. This meaning the payee may deduct two percent from the total bill if paid in ten day; otherwise full amount within 30 days. This alternative would offer Lawrence a greater opportunity to pay its suppliers in a timely manner, possibly capitalizing on discounts, and to avoid having to draw on its line of credit...
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