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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3831 |
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A better plan needs to be established to help manage Lawrence’s cash position for the next several weeks. Lawrence’s payment terns and collection policy need to be reevaluated to ensure a more effective working capital policy. Currently Lawrence’s payment terms with Murray are 15% payment on purchase, with the remaining 85% in the next week...
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Currently Lawrence’s payment terms with Murray are 15% payment on purchase, with the remaining 85% in the next week. The payment terms with Gartner are 40% payment on purchase, with the remaining 60% in the next week. Lawrence’s current collection policy with Mayo is 20% collection at time of sale with the remaining 80% in the following week...
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