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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 794 |
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aving | |
|Credit Management |Lawrence needs to have credit control over its account |“When one company sells goods to another, it does not |
| |receivables. Because Mayo is behind in its payment, |usually expect to be paid immediately. These unpaid |
| |Lawrence would need to collect on their services as soon as|bills, or trade credit, compose the bulk of accounts |
| |possible so that borrowing from the bank is not an option |receivable...
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The remainder is made up of consumer |
| |in the too early future. Lawrence needs to address how to |credit, that is, bills that are awaiting payment by |
| |make better its approach on managing its credit so that its|the final customer†(Breasley, Myers, & Allen, 2005, |
| |bills are paid on time...
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