Fin_370_Wk3_Team_ - paper will cover the collection process...

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Working Capital Management Activity Page 1 Working Capital Management Activity Team A University of Phoenix FIN 370
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Working Capital Management Activity Page 2 Intro In today’s economy many companies are facing financial hardships and have unpredictable business cycles. The goal has been to create new budgets in order to survive the unstable markets. They must also find new products to keep the upper level of the competition. When companies are forced to make changes they usually head back to the budget. They need to make sure they are doing the best for the company and the shareholders. The company also needs to be able to meet the consumer’s needs with a product and the cost. The company must create cash flow and have working capital for future projects. Our
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Unformatted text preview: paper will cover the collection process and come up with the best way for The Bandwagonesque Corporation to increase their companies revenue. We will also show the potential risk in 60 and 90 day collection process. The whole collection process consists of plans and back up plans in order to allow the cash flow to continue all the while following the guidelines of the fair credit act of 1977. Working Capital Management Activity Page 3 References GAO to Congress: Update Debt-Collection Law. (2009, October 30). CardLine 9, no. 44: 26. Retrieved December 7, 2009 from EBSCO host database....
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This note was uploaded on 01/27/2012 for the course BUS 415 BUS 415 taught by Professor Johnsmith during the Summer '10 term at University of Phoenix.

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Fin_370_Wk3_Team_ - paper will cover the collection process...

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