Premium Essay

Lawrence Team

In: Miscellaneous

Submitted By tajdixon
Words 1870
Pages 8
Lawrence Sports
Working capital management is very important in running a business because it involves managing all current assets and liabilities. Working capital management involves making appropriate investments in cash, marketable securities, receivables, and inventories, as well as the level and mix of short-term financing (Emery, Finnerty, Stowe, 2007, p. 639, para. 3). Currently Lawrence sports, a multi-million dollar company that manufactures and distributes sports equipment is seeking a way to better manage its’ capital, lower loan burdens, and undertake better business deals with its’ three business partners. Management can solve this issue with working capital policies that reduce future difficulties.
Alternative Working Capital Policies
As the newly appointed finance manager, one must be fully aware of the companies operating expenses, principal source of finance, suppliers and current financial stance and process with the lending bank. Understanding how all of these relationships can cohesively work together is key to being a success in this new role. By being properly prepared and developing successful working capital policy, the company will always have balanced receivables and payables due to working and negotiating with Lawrence Sport’s customers and suppliers. This type of communication and action plan will result in optimizing revenue, decreasing cash borrowed turn-around time, positive business relations and maintaining positive cash balance thus reducing risk for unforeseen emergencies. Three alternative working capitals to evaluate are the maturity matching approach, the conservative approach, and the aggressive approach.
Maturity Approach
“With maturity matching, the firm hedges its risk by matching the maturities of its assets and liabilities.” (Emery, Finnerty & Stowe, 2007) This approach allows Lawrence Sports to develop a...

Similar Documents

Premium Essay

Mentoring

...organization assigns someone to mentor a colleague, and make sure that they fully understand the tasks given, and are a resource in a situation that the mentee cannot resolve themselves. Both methods are very effective in everyday life and are used by many people. Organizations can bring greater predictability to the workplace by establishing formal mentoring systems. Mentoring is a method people use to help other in making sure that things are done efficiently and effectively and that people have the support they need when they are stuck in a situation they may not be used to dealing with and may not know how to fix. In order to better understand how mentoring can be applied in a real world situation, we interviewed three people in the St. Lawrence Business faculty who are directly involved in mentoring. First we mentored Melinda Vanzanten, who was a mentee, Ann Vadala, who was her mentor, and finally John Conrad, who organizes mentoring in the faculty. Our first interviewee was Melinda Vanzanten, who gave us some personal accounts of how mentoring has affected her professionally. She explained that many of the challenges a new faculty member faces is basic procedural activities. She was grateful to have someone she could go to for quick “housekeeping” questions. She was also very impressed by the openness of her mentor and was put at ease by her right away. Melinda Vanzanten was very quick to support mentoring within the workplace and believes that it is an essential...

Words: 957 - Pages: 4

Premium Essay

Jean Piaget

...Ever wonder why children behave the way they do? According to theorist Jean Piaget there are some very simple explanations for this. Piaget explains through his theory of cognitive development, to what is occurring for a child at every stage of their live and how it gradually changes. The first stage of Piaget’s cognitive development is the sensorimotor stage. The sensorimotor stage is comprised of six sub-stages which begin at birth and are broken down specifically to age ranges of when development markers should occur up to two years of age. Piaget argues that an infant processes thought from sensory experiences with physical actions to gain an understanding of the world around them without judgment. Piaget argues that infants do not distinguish between the world and themselves meaning that objects have no permanency. For example, a toy given to a six month old, as long as it is in sight it exsists, but when distractions blocks the view of the toy, the child does not search for it because for them it is no longer there. Piaget’s theory is that infant should learn object permanence as they near the end of the sensorimotor stage (Santrock, 2010). In the preoperational stage Piaget contests that children with in the age range of two to seven years are beginning to think in a more egocentric kind of way. They are discovering themselves and the world around them. The children are unaware of differences in people and familiar objects. The child is oblivious to the......

Words: 851 - Pages: 4

Free Essay

Parental Development

...* ------------------------------------------------- 6. The 3 main types of prenatal development are the zygote, embryo, and fetus. The zygote is the fertilized egg in the womb; it lasts for 2 weeks and begins when the sperm first fertilizes the egg. Soon afterwards, the zygote becomes an embryo. During the embryo stage, the actual human organism is mad and this lasts from the 2nd week to the 2nd month. During the fetus stage, the organism is in its developmental stage. This begins after 9 weeks of pregnancy. A teratogen is an agent that can cause harm to the womb ex. If a pregnant woman is drinking a lot of alcohol, she can harm the fetus because alcohol is a teratogen and she could potentially cause fetal alcohol syndrome.  7. The brain capacity of newborn babies is a lot smaller than that of an older person. That’s why we don’t remember most of our infancy. Once we are born we start to make a neural network that allows us to complete basic functions, like talk, remember, etc. The habituation for the infant cognition is a very simple way of learning. When the babies are exposed to something multiple times, they lose fascination in it. 8. Piaget developed 4 stages of cognitive development that show how humans develop mentally. Stage 1 is the sensorimotor stage. This is the stage that occurs from 0 to 2 years and this is when we start to interact with our senses. The 2nd stage, Preoperational, 2-7 years old, is when language begins but isn’t completely understood and......

Words: 533 - Pages: 3

Premium Essay

Growth and Development

...Child Growth and Development Home and Family Life June 10, 2009 Growth and Development For every human being, the process of growth and development begins at birth and continues until we die. Growth is defined as the process of increasing in physical size, while development is the process of maturation and the refinement of body systems, thought processes and judgment. Child development unfolds in a complex manner as he or she interacts with the surrounding environment. Although some children may grow and develop a little earlier or later than others, they tend to follow a general pattern of progression. A child's development can be followed by how they play, learn, speak, and behave. The tasks and skills the child learns during the different stages of development are referred to as developmental milestones. Milestones develop in a sequential fashion. This means that a child will need to develop one set of skills before he or she can develop new skills. For example, children must first learn to crawl and to pull up to a standing position before they are able to walk. Each milestone that a child acquires builds on the last milestone developed. I had the opportunity to observe a two year old female child at Home and Family life. The child at this age is growing at a rapid pace and usually gains approximately 8 oz or more per month. The child I observed was able to demonstrate some fine motor skills such as stacking blocks on top of each other and then knocking them......

Words: 1260 - Pages: 6

Premium Essay

Kohlberg Summary

...decisions that we make and what processes do we go through in making those decisions? Are the decisions that we make simply intuitions of right from wrong or are they governed by outside factors that dictate our decision making abilities? All of these questions are questions that many dynamic psychologists have tried to answer and define throughout the years. More notably are Jean Piaget and Lawrence Kohlberg, who both addressed the concerns of moral development in the individual, but in differing ways. Piaget, who was best known for his work in how we learn throughout our development, gave Kohlberg a foundation to establish his focused study of how the moral fibers of an individual are created and developed throughout the lifespan (Kretchmar, 2015). Both found that each individual will establish a code of moral ethics throughout their lifespan, but the "why's" of those ethical decisions are often something that are hard to determine. Kohlberg set out to define the moral development of the individual through his studies of human dilemmas. The theory of moral development, formalized by Lawrence Kohlberg is one of significance in study of the lifespan, as it addresses our ability to distinguish right from wrong. The theory also questions if morality was a result of one's true emotional stance or one's expected rationale based on societal rules. With the moral development theory, Kohlberg established with our growth , our ideas of right and wrong change based on the......

Words: 719 - Pages: 3

Premium Essay

Teaching Fundamental Moral Principles to Students at Different Age Groups

...TEACHING FUNDAMENTAL MORAL PRINCIPLES TO Page 2 STUDENTS AT DIFFERENT AGE GROUPS Introduction Educational psychology is a branch of psychology concerned with developing effective educational techniques and dealing with psychological problems in schools. It’s a study of methods of training, teaching and their effectiveness. Also, the problems experienced in learning formal material; in particular, the study of how to help people, especial school children, with their learning problems to overcome their difficulties. (Definition) Fundamental moral principles are the principles of right and wrong that are accepted by an individual or a social group. (Definition) Moral education is an increasingly popular topic in the fields of psychology and education. It’s been constantly debated in our daily lives. For instance, increased suicide cases, juvenile crimes such as: drug abuse, gang fights, theft and also teen pregnancy and inclining abortion rates have caused many to question the morals of the upcoming generation. This is not only faced in Singapore, but many other nations are also facing serious moral issues with the children these days. Therefore, for today’s programme, I will be focusing on different age groups; children between the age 3 and 5, Primary 5 students (10-11 years old) and High School Seniors/Junior College students (16-17 years old), and teach these students about right or wrong of fundamental moral principles. To learn about cognitive...

Words: 2327 - Pages: 10

Premium Essay

Article Review: Oracle vs. Google

...Article Review Oracle vs. Google Steven Phillips University of Phoenix LAW/421 Mark Rorem June 16, 2014 Article Review: Oracle vs. Google ARTICLE SYNOPSIS Oracle vs. Google is an infringement suit against Google for copyright infringement of Oracle’s Java platform. Due to a convoluted decision by the jury Google may escape the $1 billion suite Oracle is seeking for Google using Java API code. The Jury found that Google did “infringe on the structure of Oracle’s Java copyrights but not the platform in total” and only consisted of 9 lines of code (Oswald 2012). The jury could not agree if Googles use could be considered “fair use”. Googles lawyers see the indecision as grounds for a mistrial calling infringement and fair use are two sides of the same coin (Oswald 2012). LEGAL ISSUE The legal business issues raised in the article is the infringement of Oracle’s Java platform by Google. Google used Java code in the development of its Android mobile operating system. Copyright laws allows for the placement of ownership of creative, but not functional works. According to Oswald, API’s are much more functional than creative being a necessary bit to make software work (2012). MANAGERIAL PERSPECTIVE The legal issues covered by the article covers copyrights and what can be protected using a copyright. As explained by Melvin (2011), certain works cannot be protected such as ideas, procedures, systems, processes and methods of operation. The direction the case is......

Words: 419 - Pages: 2

Premium Essay

Recon Brief

...Mr. J. Orlando, Clerk Superior Court, Appellate Division Hughes Justice Complex 25 W. Market St. Box 006 Trenton, NJ 08625 Re: State v. Heine, A-001720-10-T4 Dear Mr. Orlando: Please accept the attached letter brief in lieu of a more formal brief in support of my Motion for Reconsideration. PROCEDURAL HISTORY AND STATEMENT OF FACT The Garfield City Council adopted Ordinance 2382 in 2003 which was an acceptance of a copyrighted document called the International Property Maintenance Code(IPMC). They cited a few changes to the text of the code and noted them in the ordinance. Everything else is exactly as it appears in the IPMC. If a resident is charged with a violation of the Garfield codes, they may look up the codes on the internet. If their charge is something in the IPMC they are unable to look it up on the internet. They have to call the company and charge $24 to their credit card and a copy will be sent or they would have to take off from work and go to town hall when the clerk’s office is open and read the IMPC or ask that a page be copied and pay $.75. The text of the IMPC reads very much like the NJ BOCA Code. The distinguishing feature is that the NJ BOCA Code is intended to give guidance to a person who is carrying out a permit and following the building code rules so the project will pass inspection. There is no criminal feature to the BOCA Code. Also, parts of the building or house that are not part of the permit are not even......

Words: 957 - Pages: 4

Free Essay

Case Studies

...Case scenario: Generous to a Fault? In May 2006, Malden Mills signed a large contract resulting in the sale of $10 million worth of one of its most important products, Polartec synthetic fleece, to a company that was using it in jackets worn by U.S. soldiers in Afghanistan and northern Iraq. Ordinarily, this would be just another deal in the textile business, but an incident occurring a decade earlier makes it appear to be much more—a sign of resurrection for an embattled national hero. Tragically, in 1996, the company’s facility in Lawrence, Massachusetts, burned to the ground. Like most textile firms in the United States, Malden Mills had suffered through hard times for years, so many observers expected aging owner Aaron Feuerstein to pocket the $300 million insurance settlement, walk away from the business, and retire. But he did not. Instead, he kept all of his employees on the payroll while he sought to gain enough funds, both from the insurance companies and new investors, to continue operations. This almost unheard-of generosity won him public acclaim. In fact, Feuerstein was featured on the television program Sixty Minutes, where he explained his philosophy of management and the obligations he felt to employees who had worked in his company—founded by his father, Henry, 90 years earlier. As Feuerstein described it, he felt that his employees were “like his family” because, after all, they gave many years of their lives to the company. How, after all this......

Words: 690 - Pages: 3

Premium Essay

Moral Development

...Moral Development Many theorists have developed theories to understand and define the ability of people to reason morally. Moral reasoning is defined as the thinking process where the objective is to determine whether an idea is right or wrong and involves the formation of values on which someone bases their decisions. Theorists have different views on moral reasoning and the factors that contribute to an individual’s level of reasoning capabilities. Lawrence Kohlberg and Carol Gilligan developed cognitive theories to explain moral reasoning in a series of stages. The movie John Q, raises the question of what is considered morally right and what is wrong and by whose perspective. The characters in the movie can be classified into either Kohlberg’s or Gilligan’s theories of reasoning. Theorist Lawrence Kohlberg (1973) had a qualitative perspective of moral development. His theory breaks development into three levels, each of which is divided further into two stages. The levels consist of: pre-conventional, conventional, and post-conventional. These can be loosely correlated with age. He theorized that moral growth begins at the beginning of life and continues until the day one dies. He believed that people proceed through each stage of moral development consecutively without skipping or going back to a previous stage. Level One, the Pre-Conventional level, is the level of moral reasoning based solely on a person’s own needs. The person is ego-centric and does......

Words: 4041 - Pages: 17

Free Essay

Lifespan Development and Personality Paper

...Lifespan Development and Personality Paper Adolescence, also known as teenage years is a time of dramatic change. Adolescence is a period in one’s life in which major physiological, cognitive, and behavioral changes take place. This phase of life marks a developmental period that follows childhood and comes before adulthood. Adolescence is closely associated with puberty, which is also considered as a developmental milestone, particularly in the western countries. Puberty refers to the period of adolescence when a person becomes capable of reproduction (Carpenter, S. & Huffman, K., 2010). In this paper, I will discuss the various factors that affect the physical, cognitive, social, moral, and personality development of adolescents. Adolescence is a time of rapid physical growth which is illustrated by the drastic growth spurt in the height, weight and skeletal muscles. The actual age may vary but generally occurs somewhere between the ages of 12 through 18. This is a critical stage where a child attempts to become independent, wants to establish their identity and there are noticeable changes in their moods and behavior. During this time in the adolescent’s life, the physical development factors are genetics and nutrition. If the child has genetics that hinder on his or her physical development the child will only develop as his DNA allows. If the child does not have proper nutrition, he or she could be underweight or overweight. This is such a crucial stage for......

Words: 1340 - Pages: 6

Free Essay

Pythagram Therom

...Math 2  Unit 6 ‐ Similarity & Right Triangle Trigonometry  Thinking Through the Lesson Protocol (TTLP) Template  Concepts / ​ Key Question  Task /  Activity  Page  Describing the essential features of a dilation  6.1 Photocopy Faux  What features of a dilation are important and how can I identify these?  Pas  5  Examining proportional relationships in triangles that are known to be similar to  6.2 Triangle Dilations  each other based on dilations  How can I describe the relationships between the sides of two triangles when one  is a dilation of the other?  10  Comparing definitions of similarity based on dilations and relationships between  6.3 Similar Triangles  corresponding sides and angles  and Other Figures  What statements can I prove about similar polygons?  What other criteria can I use to determine if triangles are similar?  17  Examining proportional relationships of segments when two transversals intersect ......

Words: 2117 - Pages: 9

Premium Essay

Closing Case Study of Who Makes the Apple Iphone with Answers

...OBJECTS AND SPECIMENS Definition: A collection of real things for instructional use refers to objects. A specimen is a sample of the real object or a material. Using objects and specimens: While using the specimen and objects as teaching aids, a teacher must keep the following points in her mind. * Plan your teaching with certain simple and direct observations of the object or specimen being referred to. * Ask questions from the students to elicit more details of the features of the object or specimen under observation. * Clarify and emphasize important structural details of the object or specimen under observation * Provide review and practice to make learning permanent. Purposes: Real objects can help achieve your instructional purposes by: * Stimulating students interest in real world. * Introducing new ideas and information related to the objects around us. * Making instruction relevant by relating abstract ideas to a concrete world. * Developing individual and group responsibility through collection and care of objects. * Lending beauty and atmosphere to the classroom. * Sources of objects and specimens: * Local markets * Manufacturers and factories * Discarded material from the houses * Specimen found in the nature can be collected by students from field trips and nature hunt * Plasters casts can be purchased * Wild flowers, leaves shells, stones butterflies moths, insects can also be......

Words: 591 - Pages: 3

Free Essay

Ethical Hero or Failed Businessman

...Failed Businessman Malden Mills is a textile company, popularly known for Polartec, in Massachusetts, owned by CEO Aaron Feuerstein. The manufacturing facility in Lawrence was destroyed by a fire in 1995. Aaron Feuerstein, however, paid salaries of workers in the facility after the terrible incident, until a new factory was built at the same location. The factory was rebuilt as a much newer, grand building. It cost Aaron considerable amount of money to rebuild the factory. He took on huge debts to rebuild the factory. Although the productivity of employees soared high immediately after Aaron rebuilt the factory, the subsequent three warm winters caused the company to go bankrupt, with Aaron struggling to pay the debts. The key question here is if Aaron blinded himself to the realities and practicalities in the business world then and went ahead with the huge decision to rebuild a factory and continue paying salaries to his workforce. Did his decision cause more harm to the communities in the long run? Did he endanger the future of Malden Mills by taking such a huge risk? These are all some valid questions that go through my mind as I read through the case. The stakeholders involved are Aaron Feuerstein, his company shareholders and board members, the factory workers from Lawrence and the customers of Malden Mills. Malden Mills is Aaron Feuerstein’s private company. He was not the company shareholders’ agent. I believe that he had the right to take any......

Words: 939 - Pages: 4

Premium Essay

Theorists for Anthro

...Theorists for Anthro, Scocio, Psyc. 1.Gilligan - Focus on survival, goodness as self-sacrifice and morality of non-violance 2. Piaget's - Child cognitive development Sensorimotor stage The sensorimotor stage is the first of the four stages in cognitive development which "extends from birth to the acquisition of language".[3] "In this stage, infants construct an understanding of the world by coordinating experiences (such as seeing and hearing) with physical, motoric actions. Infants gain knowledge of the world from the physical actions they perform on it. An infant progresses from reflexive, instinctual action at birth to the beginning of symbolic thought toward the end of the stage. Piaget divided the sensorimotor stage into six sub-stages"[4]:0–2 years, Infants just have senses-vision, hearing, and motor skills, such as grasping, sucking, and stepping Preoperational stage The Cognitive Development Approaches. By observing sequences of play, Jean Piaget was able to demonstrate that towards the end of the second year, a qualitatively new kind of psychological functioning occurs.[6] (Pre)Operatory Thought is any procedure for mentally acting on objects. The hallmark of the preoperational stage is sparse and logically inadequate mental operations. During this stage, the child learns to use and to represent objects by images, words, and drawings.The child is able to form stable concepts as well as mental reasoning and magical beliefs. The child however is still not able...

Words: 1821 - Pages: 8