This would considerably simplify matters for Lawrence Sports. Such financing methods are best suited for alimenting short-term objectives.

The reason behind implementing an electronic payments system relies on the fact that the company would count on receiving and making timely payments. This alternative is also designed for simplifying the cash flow.

Preparing and effective cash budget is another alternative solution that must be taken into consideration by the company's managers. The reason that sustains this alternative consists in the fact that companies prefer not to keep big amounts of cash available, but, at the same time, companies are also afraid of keeping amounts of money that are too small for whatever unexpected issues might emerge. Handling large inventories of cash is a strategy that his its advantages and its disadvantages (Brealy, Myers & Allen, 2005).

Another alternative solution mentioned above consists in implementing a factoring system. This financial tool is...
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