The Genesis Energy operations management team is now preparing to implement the operating expansion plan. Previously, the firm’s cash position did not pose a challenge. However, the planned foreign expansion requires Genesis Energy to have a reliable source of funds for both short-term and long-term needs. One of Genesis Energy’s potential lenders tells the team that in order to be considered as a viable customer, Genesis Energy must prepare and submit a monthly cash budget for the current year and a quarterly budget for the subsequent year. The lender will review the cash budget and determine whether or not Genesis Energy can meet the loan repayment terms. Genesis Energy’s ability to repay the loan depends not only on sales and expenses but also on how quickly the company can collect payment from customers and how well it manages its supplier terms and other operating expenses. The Genesis Energy team members agreed that being fully prepared with factual data would allow them to maximize their position as well as negotiate favorable financing terms. The Genesis Energy management team held a brainstorming session to chart a plan of action, which is detailed here. Since this expansion is critical to Genesis Energy expanding into new overseas markets, the operations management team has been asked to prepare an executive summary with supporting details for Genesis Energy’s senior executives. Working over a weekend, the management team developed realistic assumptions to construct a working capital budget. Based on this information, do the following: Write a 7-page paper in Word format. Apply APA standards to citation of sources. Purchase the answer to view it
https://paperwritingservices.net/wp-content/uploads/2021/08/whatsapp-logo-300x115.jpeg 0 0 Paper writing services https://paperwritingservices.net/wp-content/uploads/2021/08/whatsapp-logo-300x115.jpeg Paper writing services2022-07-30 00:02:262022-07-30 00:02:26The Genesis Energy operations management team is now preparing to implement the operating expansion plan. Previously, the firm’s cash position did not pose a challenge.