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Preface | |
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Acknowledgments | |
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Concepts in Working Capital Management | |
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Working Capital Concepts | |
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Ratio Analysis | |
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Working Capital Ratios | |
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Significance of Working Capital | |
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Applying These Ideas to a Real Business | |
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Summary | |
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Cash-Transactions, Banking and Credit, and Financial Instruments | |
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Comprehensive Case: Widget Manufacturing Case I | |
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Cash: Management and Fraud Prevention | |
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Forms of Cash | |
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Lockboxing | |
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Controlled Disbursement | |
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Bank Products Used for Electronic Transactions | |
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Summary | |
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Cash, Credit, and Short-Term Financial Instruments | |
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Developing a Short-Term Forecast | |
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Preparing a Cash Budget | |
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Credit Financing | |
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Short-Term Investments | |
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Summary | |
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Concentration Banking and Financial Institution Relationships | |
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Changing Financial Landscape | |
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Bank Relationship Management | |
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Concentration Banking | |
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Request-for-Proposals | |
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RFP Evaluation | |
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Bank Relationship Reviews | |
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Summary | |
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Other Working Capital Accounts-Receivables, Inventory, and Payables | |
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Comprehensive Case: Widget Manufacturing Case II | |
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Accounts Receivable and Working Capital Issues | |
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Elements of Receivables Management | |
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Receivables Cycle Monitoring: Ratios | |
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Receivables Cycle Monitoring: The Aging Schedule | |
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Sales Financing | |
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Credit Reporting | |
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Terms of Sale | |
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Invoice Generation | |
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Asset-Based Financing: Receivables | |
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Debt Collection Agencies | |
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Summary | |
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Inventory and Working Capital Issues | |
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Elements of Inventory Management | |
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Inventory Cycle Monitoring: Ratios | |
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Inventory Cycle Monitoring: Metrics | |
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Purchasing | |
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EOQ and JIT | |
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Work-in-Process | |
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Asset-Based Financing: Inventory | |
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Summary | |
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Payables and Working Capital Issues | |
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Elements of Payables Management | |
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Payables Cycle Monitoring: Ratios | |
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Accounts Payable Function | |
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Payables Using Internal Processes | |
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Payables Outsourcing | |
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Payroll Alternatives | |
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Summary | |
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Issues in Working Capital Management | |
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Comprehensive Case: Widget Manufacturing Case III | |
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International Working Capital | |
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Capitalism Goes Global | |
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Elements of International Working Capital | |
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Financing of International Transactions | |
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Foreign Exchange Markets | |
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Analysis of Country Risk | |
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Other Significant Issues in International Working Capital | |
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Cultural and Corporate Practices Affecting Working Capital | |
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Summary | |
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Information and Working Capital | |
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Information Technology | |
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Bank Information Technology | |
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Internet Bank Technology | |
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Enterprise Resource Planning: An Alternative Approach | |
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Choosing Working Capital Information Systems | |
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Summary | |
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Managing the Working Capital Cycle | |
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Risk and Working Capital | |
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Enterprise Risk Management | |
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Efficiency and Working Capital | |
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Liquidity and Working Capital | |
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Suggested Actions | |
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Developments in Working Capital Management | |
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The Cost of a Transaction | |
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Summary | |
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Suggested Solutions to Widget Manufacturing Company Case-Parts I, II, and III | |
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Basic Financial Concepts | |
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Web Sites of Working Capital Market Participants | |
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Glossary | |
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About the Author | |
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Index | |