short term finance and planning

short term finance and planning

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时间:2018-02-10

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1、CHAPTER26Short-TermFinanceandPlanningPARTSEVENOnJanuary1,2005,retailinggiantWal-Martbegancompanythoughtitwouldsave$6.7billioninlaborcostsrequiringitslargest100supplierstoputradiofrequencybyeliminatingindividualscans,$600millionbyreducingidentification(RFID)tagso

2、ncasesandpalletsshippedout-of-stockitems,$575millionbyreducingtheft,tothreeofitsdistributioncentersand100ofitsstores.By$300millionwithbettertracking,and$180millionbyOctober2005,thecompanyexpandedtherequirementreducinginventory.ThetotalcostsavingsforWal-Marttoth

3、reeadditionaldistributioncentersand900moreisestimatedat$8.35billionperyear!Asthisexamplestores.Thenext200largestsuppliersalsohadtobeginsuggests,propermanagementofshort-termassetsaddingtheRFIDtags.suchasinventorycanhaveasignificantimpactontheRFIDtagsareessentiall

4、yhigh-techreplacementsprofitabilityofacompanyandthevalueinvestorsplaceforbarcodes.Theadvantageisthattheycanbereadonit.fromadistance,soanentirewarehousecanbescannedShort-termfinancialplanningisoneactivitythatcon-inseconds.RFIDtagsalesareexpectedtogrowfromcernsever

5、yoneinbusiness.Asthischapterillustrates,about$1billionin2003toabout$4.6billionin2007.suchplanningdemands,amongotherthings,salespro-Sowhytherapidgrowthinhigh-techbarcodes?Lookjectionsfrommarketing,costnumbersfromaccounting,nofurtherthanWal-Martfortheanswer.Speci

6、fically,theandinventoryrequirementsfromoperations.26.1TracingCashandNetWorkingCapitalInthissectionwetracethecomponentsofcashandnetworkingcapitalastheychangefromoneyeartothenext.Ourgoalistodescribetheshort-termoperatingactivitiesofthefirmandtheirimpactoncashandwor

7、kingcapital.Currentassetsarecashandotherassetsthatareexpectedtobeconvertedtocashwithintheyear.Currentassetsarepresentedinthebalancesheetinorderoftheiraccount-ingliquidity—theeasewithwhichtheycanbeconvertedtocashatafairpriceandthetimeittakestodoso.Table26.1gives

8、thebalancesheetandincomestatementoftheTradewindsManufacturingCorporationfor2006and2007.ThefourmajoritemsfoundinthecurrentassetsectionoftheTradewindsbalancesheetarecash,marke

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