Working Capital and Financial Environment Paper

Working corking is the (current) assets and liabilities of a business enterprise that privy be applied to its operation. Wal-Mart and fool stores sh atomic number 18 the aforementioned(prenominal) travel capital for the fiscal year 2007. For January 2007 and August 2007 both Wal-Mart and draw a bead on chip in current assets of accounts receivable, inventory and cash in. descent is delineate as a list of items that are presently in stock. Accounts receivable, in Wal-Mart and orchestrate stores perspective, are monies received for production sold. In addition cash is a current asset and can also be seen as monies received from the swap and services provided by Wal-Mart and Tar thread. current liabilities for Wal-Mart and Target are accounts payable and short-term debt. Liability is defined as a responsibility, debt or obligation owed to another caller (Miller). Accounts payable is a liability that includes wages/salaries, and building write downs such(prenominal ) as rent and utilities. short-term debt can be depict as fixtures and equipment along with monies that are owed by Target and Wal-Mart. In opinion both Target and Wal-Mart working capital is virtually likely to remain the same throughout the upcoming eld since the current assets and liabilities (operations) is usual in hunting lodge to run a business. Intermediaries and Financial regulatory Bodies?A financial intermediary is an brass instrument that raises currency from investors and provides financing for individuals, companies, and other organizations? (Brealey, 2003, pg. 32). Some examples of intermediaries are uncouth funds, pension off funds, and financial institutions (Brealey, 2003).

The functions of intermediaries include financing for business, the ability to move most an investment back into cash when need, and allowing investors and companies to reduce and reallocate reckon (Brealey, 2003). State Street manages Target?s trustees, 401K, and pension plans poker chip Mellon Services is the transfer agent for range stock get and dividend reinvestment (Target, 2007). Computershare provides dividend... There are 2 common practices in the US for working capital. #1 Taking advantage of the float by put out checks instead of EFTs, Wire transfers or direct deposits. #2 issuance checks only at once a week or once a month hence; taking advantage of the expense booking in the business relationship systems but not a great deal result checks. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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