The team is looking at the way Mary deals with money. Their observation of the company is that Mary is not in really bad financial shape despite all of the downsizing she has done in the last three years. Mary’s debt load is small but her accounts receivable is high. She does seem to have money to pay her bills and make a profit but growth is not realistic. Since one of the major purposes of this report is to give Mary recommendations on how to put her company in a position to grow, it might be best to help Mary with ways to improve her cash management flow and how it will relate to financing. Also, you think that this is an area where growth must be considered carefully.
Directions:
1. By Saturday, complete the following:
-Create Part Four of the report entitled: “Money Management”.
-Research the best tips for managing cash flow and create a checklist for Mary to use in the future.
-Try not to just pick the most common ideas; look for those that are different as well.
–Explain to Mary how and why she must correct her immediate problem with account receivables if she hopes to get financing in the future.
-Create a table that describes all the ways small business owners can obtain financing. In the column section, use the following headings: description of the finance type, who can benefit most from this type of financing, and recommendation. The rows will contain various types of financing possible for Mary. Explain to Mary that you have started the table for her but she should carefully examine the recommendations the firm has made to see if they work for her in light of her plans to grow.
-Include a table and 1-3 paragraph explanation
-You must use course material to support your responses and APA in-text citations with a reference list.
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