Zero Working Capital Concept

Cash Management

1. Rationale for Holding Cash - Slide 6
2. Advantages of Adequate Cash
3. Outsourcing

The Cash Budget

Cash Management Techniques - Slides 8-9

1. Cash Flow Synchronization
2. Check-clearing process
3. Using Float - Slide 10
4. Acceleration of  Receipts
1. Lockboxes

Marketable Securities

Receivables Management

1. Factoring

Credit Policy - Slide 25

Practice Problem Solutions 20-2, 20-3, 20-7