Cash and Working Capital Essay Example | Topics and Well Written Essays - 1500 words

Cash and Working Capital - Essay Example These four phases consist of the following management requirements; cash management which is identifying the cash balance available to run the day to day expenses of the business or firm so as to reduce the cash holding costs (Padachi, 2012). Inventory management is identifying the inventory levels that will enable the business to run smoothly without investment in raw materials. This requires the lead times being lowered to reduce Work in Process (WIP) and the finished goods should also be kept as low as possible. This will lead to the reduction of the reordering costs and hence increase cash flow. Debtor’s management this requires identifying the best credit mechanism for the business or the firm. The credit mechanism chosen should be able to attract customers to the firm and also make sure the firm is getting the payments on time from the credit customers. This will be optimized by increasing the revenue thus increasing the Return on Capital. Another aspect of working capit al management is the Short term financing, it is achieved by identifying the most appropriate source of short term funds to run the business this can be achieved through credit granted by the supplier. It may also be necessary to use a bank loan or an overdraft (Banos-Caballera, 2010). The working capital cycle phases require short-term decisions. ... This normally refers to the time which the firm’s money is tied up in operations and therefore working capital phase normally aims at making sure the time is as short as possible (Block-Hirt, 2008). The primary sources of short term funds Short term funds refer to money needed to run the company in a period of less than a year. They are normally used for the day to day running of the business or firm. There are a number of short term funds available to a company which require different levels of interest rate expenses, collateral and personal guarantees. This is required to provide working capital. The short term funds are used for purchasing of raw materials or finished inventories, payment of wages, salaries and other short term expenses (Brealey, 2002). The three primary sources of short term finance include trade credit, which is normally gotten from the suppliers. It is a loan in the form of goods and inventory. The credit time period is normally 15 days to 3 months and t his is normally granted on the basis of good will of the purchaser. This credit facility is given buy a supplier to the buyer of goods and by a whole seller to a retailer. When the time limit is reached the credit should be paid lack of payment can lead to seizing of the goods in the inventory (Block-Hirt, 2008). Another major source of short term loans and advances is from the commercial banks. This are mainly in the form of bank overdraft from the bank which the business has an account in. the overdraft allows the business to withdraw from its current account exceeding the available cash balance. The business is charged an interest rate that is based on the amount overdrawn and the length of time overdrawn (Cleverley, 2011). The advantage of

How to Replace the LCD Screen in a Laptop Assignment

How to Replace the LCD Screen in a Laptop - Assignment Example The manual also enable the technician to understand how the system works. This manual outlines the steps followed when changing a laptop LCD screen. The first part gives instruction on how to remove the LCD screen while the second part shows how to assemble the laptop This is the first and the most important step. Different manufacturers have different methods of assembling the LCD screen. It is necessary to go through the laptop manual to identify the requirement for opening the laptop and its internal structure. Before opening the laptop, all the power cables should be disconnected. This prevents the risk of shock and also prevents the computer from short circuit which damages the mother board, the processor and other gadgets. Remove the laptop battery, this battery is located at the side where the LCD screen is hinged to the main laptop body. Removing the battery ensures no damage of the delicate electronic circuitry of the laptop. Remove the rubber seals at the all the sides of the laptop screen. These rubber seals can be identified readily as they are in the form of rubber projection. In some laptop designs, countersunk bolts are used without a rubber seal cover. These bolts can be seen by carefully observing the edges. Removing the seal exposes the bolts. A sharp object is used to remove the seals. Figure 2 showing the removal of the rubber seals. ... 7 July 2009 http://www.fonerbooks.com/laptop_6.htm ) (D)Remove the rubber seal Remove the rubber seals at the all the sides of the laptop screen. These rubber seals can be identified readily as they are in the form of rubber projection. In some laptop designs, countersunk bolts are used without a rubber seal cover. These bolts can be seen by carefully observing the edges. Removing the seal exposes the bolts. A sharp object is used to remove the seals. Figure 2 showing the removal of the rubber seals. (Adapted from Fona Books. Dell Laptop Screen Repair - Illustrated how to replace a Latitude notebook backlight and LCD. 2009 7 July 2009 http://www.fonerbooks.com/laptop_6.htm ) (E) Unscrew the bolts Unscrew the exposed bolt. Use a Phillips 'star' screw driver. Keep the bolts in a safe place as they will be used when the set is reassembled. It is important to check position of each screw as some are not the same size. Picture 3 showing unscrewing of the bolts during laptop repair (Adapted from: Fona Books. Replacing LCD Laptop Screen - Illustrated how to replace a laptop screen on PowerBook 180.2009. 7 July 2009 http://www.fonerbooks.com/laptop_6.htm ) (G)Remove the front and side seals Adapted from: Fona Books. Replacing LCD Laptop Screen - Illustrated how to replace a laptop screen on PowerBook 180.2009. 7 July 2009 http://www.fonerbooks.com/laptop_6.htm Remove the side seal; this exposes more bolts, again take note of the bolts positions. Different bolts used have differing lengths and thread types. (H)Removing the LCD bezel Remove the LCD bezel. Do this by wriggling the bezel so that it is released by the latches. Latches are made of plastic. Unhook the bezel from latches