LIQUIDITY MANAGEMENT IN THE SERVICE INDUSTRIES
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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
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ABSTRACT
The significance of the service industries in the economic development of Nigeria cannot be undermined. However, liquidity problems constitute a major constraint on the development of this industry.
This study addresses the practical measures in the service industries needs to adopt and effectively manage their liquid resources especially taking cognizance of the current economic recession in the country.
This study shows that economic recession and over investment in stock are the major causes of liquidity problems in the service industries. The researcher discovered that the firms in the service industries have adopted several measures in an attempt to solve the problem. The basis of recommendation is a more efficient liquid management practice as well as the need for the government to revert the distress economy. The recommendation outlined in Chapter three, if meticulously implemented, will ease the liquidity problem of service industry.
TABLE OF CONTENTS
CHAPTER ONE
CHAPTER TWO
2.1 THE CONCEPT OF LIQUIDITY 7
EFFICIENT MANAGEMENT OF CASH AND MARKETABLE SECURITIES. 9
CHAPTER THREE
3.1 DISCUSSION OF FINDINGS 19
CHAPTER ONE
Liquidity has been given different definitions by different authors. Most definitions revolve around the fact that liquidity is the ability to convert assets into cash or obtain cash required. Hornby et al (1982) defined liquidity as the state of being able to raise funds easily by selling assets. “Hidmarch (1981) regards liquidity as closely related to solvency. Researchers view liquidity as the availability of cash resources required to meet the obligation of an organization as they take due. We have to note that liquidity is as significant to the firm as is the blood to the human beings. The cost of liquidity is very high, moreover, as firm which is not able to pay its debts as it becomes due mat be declared insolvent, and wound up by the court. This is provided for in the company and Allied matter Decree of 1990.
In spite of severe implications of liquidity squeeze, many firms in the service industry experience liquidity shortage. Economic recession, increased inflation as well as poor financial management causes:
The liquidity problem of service industries has worsened in recent years. This situation stimulated interest in the liquidity management of the service industry in order to ascertain whether existing capital is efficient and effectively managed. Are they being down too much capital in fixed assets? Is working capital vice visa capital employed adequate? Has working capital been properly managed to enhance liquidity? For instance, have non-cash items e.g stock and debtors been maintained at high level while allowing cash position to drop too. Does the problem lie in their inability to squeeze or is it as a result of too much competition form competitors within the industry.
Download our android mobile app for more materials
ORDER NOW
COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
MAKE YOUR PAYMENT INTO ANY OF THE FOLLOWING BANKS:
GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
MONEY BACK GUARANTEE
ABSTRACT
The significance of the service industries in the economic development of Nigeria cannot be undermined. However, liquidity problems constitute a major constraint on the development of this industry.
This study addresses the practical measures in the service industries needs to adopt and effectively manage their liquid resources especially taking cognizance of the current economic recession in the country.
This study shows that economic recession and over investment in stock are the major causes of liquidity problems in the service industries. The researcher discovered that the firms in the service industries have adopted several measures in an attempt to solve the problem. The basis of recommendation is a more efficient liquid management practice as well as the need for the government to revert the distress economy. The recommendation outlined in Chapter three, if meticulously implemented, will ease the liquidity problem of service industry.
TABLE OF CONTENTS
CHAPTER ONE
- INTRODUCTION 1
- STATEMENT OF THE PROBLEM 2
- OBJECTIVES OF THE STUDY 3
- SIGNIFICANCE OF THE STUDY 3
- DELIMITATION, SCOPE AND LIMITATIONS 4
- DEFINITION OF TERMS 5
CHAPTER TWO
- REVIEW OF RELATED LITERATURE 7
2.1 THE CONCEPT OF LIQUIDITY 7
- LIQUIDITY VS PROFITABILITY 8
- ENHANCING LIQUIDITY THROUGH
EFFICIENT MANAGEMENT OF CASH AND MARKETABLE SECURITIES. 9
- ENHANCING LIQUIDITY THROUGH EFFICIENT RECEIVABLE MANAGEMENT 11
- ENHANCING LIQUIDITY THROUGH EFFICIENT INVENTORY MANAGEMENT 14
- LIQUIDITY CIRCULATION FLOW SPEED’S 16
CHAPTER THREE
- FINDINGS, RECOMMENDATIONS AND CONCLUSION19
3.1 DISCUSSION OF FINDINGS 19
- CONCLUSION 19
- BIBLIOGRAPHY 21
CHAPTER ONE
Liquidity has been given different definitions by different authors. Most definitions revolve around the fact that liquidity is the ability to convert assets into cash or obtain cash required. Hornby et al (1982) defined liquidity as the state of being able to raise funds easily by selling assets. “Hidmarch (1981) regards liquidity as closely related to solvency. Researchers view liquidity as the availability of cash resources required to meet the obligation of an organization as they take due. We have to note that liquidity is as significant to the firm as is the blood to the human beings. The cost of liquidity is very high, moreover, as firm which is not able to pay its debts as it becomes due mat be declared insolvent, and wound up by the court. This is provided for in the company and Allied matter Decree of 1990.
In spite of severe implications of liquidity squeeze, many firms in the service industry experience liquidity shortage. Economic recession, increased inflation as well as poor financial management causes:
- STATEMENT OF THE PROBLEM
The liquidity problem of service industries has worsened in recent years. This situation stimulated interest in the liquidity management of the service industry in order to ascertain whether existing capital is efficient and effectively managed. Are they being down too much capital in fixed assets? Is working capital vice visa capital employed adequate? Has working capital been properly managed to enhance liquidity? For instance, have non-cash items e.g stock and debtors been maintained at high level while allowing cash position to drop too. Does the problem lie in their inability to squeeze or is it as a result of too much competition form competitors within the industry.
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