資源描述：
《providing and obtaining credit》由會員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在工程資料-天天文庫。
1、19878_22_c22_p762-798.qxd2/22/0610:48AMPage762CHAPTER22ProvidingandObtainingCreditChapter21coveredthebasicsofworkingcapitalmanagement,includingabriefdiscussionoftradecreditfromthestandpointoffirmsthatgrantcreditandreportitasaccountsreceivableandalsofromthestandpointoffirmsthatuseitandreportitasaccou
2、ntspayable.InthischapterweexpandthediscussionofTheThomsonNOWWebsitecontainsanthisimportanttopic,andwealsodiscussthecostoftheotherExcelfilethatwillguideyouthroughthemajorsourceofshort-termfinancing,bankloans.chapter’scalculations.ThefileforthischapterisIFM9Ch22ToolKit.xls,andweencourageyoutoopenthefi
3、leandfollowalongasyoureadthechapter.TODISCCOLLECTION762IMAGE:?GETTYIMAGES,INC.,PHO19878_22_c22_p762-798.qxd2/22/0610:48AMPage763BEGINNING-OF-CHAPTERQUESTIONSAsyoureadthechapter,considerhowyouorlooseneditscreditpolicy?wouldanswerthefollowingquestions.Youshould3.Howdoescreditpolicyaffectthecashcon-not
4、necessarilybeabletoanswerthequestionsversioncycleasdiscussedinthelastchapter?beforeyoureadthechapter.Rather,youshould4.Supposeacompany’scurrentcredittermsareusethemtogetasenseoftheissuescoveredin1/10,net30,butmanagementisconsideringthechapter.Afterreadingthechapter,youchangingitstermsto2/10,net40,an
5、dalsoshouldbeabletogiveatleastpartialanswerstorelaxingitscreditstandardsandputtinglessthequestions,andyoushouldbeabletogivepressureonslow-payingcustomers.Howbetteranswersafterthechapterhasbeendis-wouldyouexpectthesechangestoaffectcussedinclass.Note,too,thatitisoftenuseful,(a)sales,(b)thepercentageof
6、customerswhenansweringconceptualquestions,tousewhotakediscounts,(c)thepercentageofhypotheticaldatatoillustrateyouranswer.Wecustomerswhopaylate,and(d)thepercent-illustratetheanswerswithanExcelmodelthatisageofcustomerswhoendupasbaddebts?availableontheThomsonNOWWebsite.Access-5.Howwouldyoudecidewhether
7、ornottoingthemodelandworkingthroughitisausefulmakethechangedescribedinquestion4?exercise,anditprovidesinsightsthatareusefulAssumethatyoualsohaveinformationonwhenansweringthequestions.thecompany’scosto
