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| Topic: |
Business
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| Number of pages / Number of words: |
15 / 4022 |
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To accomplish this they must implement a strategic recovery plan and redefine their goals. The company must increase its customer base and improve their credit and collection policy along with wisely investing their cash. “Cash flow is affected by both the cash-inflow that comes from collections on accounts receivables and interest from investment activities; while cash outflow occurs when corporate expenses and liabilities are paid†(Brealey, et al...
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848) . “Good cash management is the backbone to every well –run organization. Receivables and payables have direct impact on the bottom line of the company. Improvement of the bottom line is a process that involves managers negotiating with customers and suppliers to optimize the price terms and financing relationships (University of Phoenix, 2008)...
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