Management of Working Capital Case Study: "George's Trains"
This clip explores the management of working capital at "George's Trains," a small business whose market demand runs in cycles.
Seasonal Demand
This clip notes that one of the more challenging aspect of managing working capital is seasonal demand.
Credit
This clip argues that, since a company's ability to collect its accounts receivable has a direct impact on its cash flow, it's important to establish clear guidelines for payment before extending credit to customers. The clip also looks at establish...
Important Financial Documents
This clip looks at the fundamental financial documents every company needs, including the balance sheet, income statement and statement of cash flow.
Capital Budgeting
This clip focuses on capital budgeting, which is the process by which the long-term investment of available capital funds is planned.
How Much Startup Capital Will I Need?
This clip explores the challenge of figuring out how much capital is needed for a new business. Because income can be extremely limited during the early stages of a business, it's especially important to accurately project expenses. Some of the more...
Managing Cash Flow
This clip talks about the importance of managing cash flow, noting that the cash requirements of any company are constantly changing and that sales mean nothing without the ability to collect cash.
Financial Controls and Budgeting Case Study: Santa Anita Racetrack
In addition to its pari-mutuel betting system and satellite wagering network, Santa Anita operates several dining facilities and shops, as well as an equine hospital and a large number of barns and stables. Each of these operations requires financia...