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Working Capital Management

Submitted by Cjohn28265 on June 19, 2007

Category: Business
Words: 421 | Pages: 2
Views: 1456
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Running Head: WORKING CAPITAL MANAGEMENT








Working Capital Management Concepts Worksheet
University of Phoenix


Working Capital Management Concepts Worksheet

Concept Application of Concept in the Simulation Reference to Concept in Reading
Cash conversion cycle Cash conversion is the process of managing a company’s cash inflows and outflows. In the simulation, the Finance Manager was responsible for balancing sales with collections or accounts receivables (cash inflows) and purchases with payments or accounts payables (cash outflows). This delicate balance maintains the company’s balance sheet keeping the cash and loans in a situation of financial stability and keeping the money from being tied up. Brealey, R., Myers, S., & Allen, F. (2005). Principles of Corporate Finance: Working Capital Management. New York: McGraw-Hill. (page 851)
Effects of credit policy on cash conversion cycle and revenue Credit policies effect cash conversion cycle by either limiting or providing the funds available to obtain inventories for sale in order to receive sales, therefore, keeping the cash flow cycling. Credit policies can also have an effect on revenues by offering a discount on purchased goods in hopes to receive funds in a timely manner from the customer. Brealey, R., Myers, S., & Allen, F. (2005). Principles of Corporate Finance: Working Capital Management. New York: McGraw-Hill. (page 816-819)
Effects of account payable terms on cash conversion cycle and cost of goods Delayed payments to an accounts payable account can effect the cash conversion cycle by limiting the amount of vendors available to purchase from using credit. If the accounts payables remain current on accounts, payment terms may be extended allowing for more cash inflow to purchase inventories, thus, allowing for sales and an increased cash conversion cycle. Brealey, R.,...

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