300 words Finance Discussion wk6 in 24hrs

Respond to  two or more of your colleagues’ posts in one or more of the following ways: (150 words each Colleague)

· Present an additional idea for a short-term financial need your colleague’s organization might have.

· Provide an additional perspective on whether your colleague’s selected organization should have low, moderate, or high amounts of working capital, or an additional perspective on your colleague’s rationale.

· Offer an additional suggestion for how your colleague’s selected organization could improve its cash position to address its short-term financial needs.

Return to this Discussion in a few days to read the responses to your initial posting. Note what you have learned or any insights you have gained as a result of the comments your colleagues made.

1st Colleague to Respond to:

Hello class,

Describe at least two examples of short-term financial needs that the organization either has or might have. Be sure to include specific details to support your descriptions.

 

By purchasing a generator for the organization in case they were to have a power outage will be one of the first examples of short-term financial needs. Now there is a power outage the organization does have a plan in place to send their patients to several other clinics so that they can go ahead and receive their treatment. In order for these services to be transported into another location the organization will need working capital. In order to improve the cash position, they will need to make a plan for the short-term financial demands and by doing so they will need more patients so that they can charge for that treatment. Every organization knows that there's more people that means that there's more money and also additional working capital.

 

Analyze whether the organization should have low, moderate, or high amounts of working capital. Include a rationale for your assertion.

 

In the matter of an urgent situation the important thing is that the organization does have a high amount of working capital that can be transferred to other clinics in order to make sure that their services are available. This shows that the organization is well prepared for any underline anticipated situations where they can show responsibility with quality care for their patients.

 

Propose how the organization could improve its cash position to address its short-term financial needs. 

 

One of the best ways to keep their cash position at a focus for their short-term financial needs is by making sure that they're there is a race and prices. The organization will then be permitted to have supplementary equipment or renovations made when needed due to this additional revenue that would come in. In order to have another way to enhance the organizations cast position is by looking into the patient base and making the necessary improvement. Revenue will then be increased which can go ahead and cover for short term financial needs that the organization may come across.

 

References:

Brigham E. F., & Houston, J. F. (2022). Working capital management. In Fundamentals of financial management (16th ed., pp. 558–590). Cengage Learning.

Moy, R. (2014, January 15). Short-term finaning [Video]. YouTube. https://www.youtube.com/watch?v=SkU6L-pdPlg

2nd Colleague to Respond to:

Describe at least two examples of short-term financial needs that the organization either has or might have. Be sure to include specific details to support your descriptions.

 To begin, Fundbox is a short-term lender providing business lines of credit. To get approved for a credit line, If you own a business, you can apply for a line of credit with Fundbox by opening an online account and linking it to your business bank account or accounting software. Funds as soon as the following business day after acceptance (which often takes less than an hour online). Fundbox is likely to be a great short-term financing solution for many business owners because of its easy-to-use automated application procedure and relatively lax standards. What happens is this: Take $10,000 as an example. A cost of 4.66% is possible on a 12-week payment plan with lower rates but larger payments. For a total payback of $10,466, multiply the fee by the amount (10,000 0.0466), and you get $466 in charges.

 

Analyze whether the organization should have low, moderate, or high working capital. Include a rationale for your assertion.

To keep the business's day-to-day operations running smoothly, it has to have at least a High level of working capital. It demonstrates that the company is in good financial condition and may have the capacity for expansion in the future. 

 

Propose how the organization could improve its cash position to address its short-term financial needs.

Fundbox is more expensive than a wide variety of other approaches to company funding. Before you formally accept a credit offer from Fundbox or withdraw from your line of credit, you should first determine whether a credit line from Fundbox is compatible with your financial plan. Fundbox could do better in qualifying customers faster, and this could attract more customers.

Brigham, E. F., & Houston, J. F. (2022). Working capital management. In Fundamentals of financial management (16th ed., pp. 558–590). Cengage Learning.

Good shore, C., Frost, B., Francom, S. R., Okoren, N., Mosteller, A., Stevens, C., Goodshore, C., Kerai, A., Okoren, N., Quevedo, M., Agar, I., Kerai, A., Wheelwright, T., & Mosteller, A. (2022b, November 16).  Business.org | Helping Businesses Save Time and Grow Revenue. Business.org.  https://www.business.org/