ABSTRACT
This study examined the impact of cash management in the manufacturing industry, using Champion Breweries, Uyo as a case study. To accomplish the research objectives, the study adopted the survey research design while the convenience sampling technique was used to select fifty (50) respondents as sample size for the study. Instrument of the study was a self-developed questionnaire and the forms were personally administered. Data analysis technique employed was the descriptive statistics which involves the use of simple percentage and frequency tables. The study revealed that the effect of cash management in the manufacturing enterprises are boosting profit margin, detecting cash embezzlement and allows in speeding up the working capital cycle. The study also revealed that the problems associated with cash management in the manufacturing industry are; too high of overhead, dragged-out payment, lackadaisical book-keeping and too low of price point. The study also revealed that the appropriate strategies for cash management in manufacturing industry are; structure cashflow, optimize cash outflow, availability of cash budget and deals with late payment effectively. It was recommended that manufacturing industry should keep an effective and accurate forecast, workout break-even point, share cash management plan with your team, eliminate bad cash management habit and optimize supply chain.
TABLE OF CONTENTS
PAGES
Title Page
Approval Page – – – – – – – – ii
Certification – – – – – – – – iii
Dedication – – – – – – – – iv
Acknowledgements – – – – – – – v-vi
Abstract – – – – – – – – – vii
List of Tables – – – – – – – – viii
Table of Contents – – – – – – – ix-xi
CHAPTER ONE
INTRODUCTION
- Background of the Study – – – – – – 1
- Statement of the Problem – – – – – 5
- Objectives of the Study – – – – – – 6
- Research Questions – – – – – – 6
- Significance of the Study – – – – – 7
- Scope of the Study – – – – – – 7
- Limitations of the Study – – – – – – 8
- Organization of the Study – – – – – 8
- Definition of Terms – – – – – – 9
PAGES
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.1Â Â Â Concept and Meaning of Cash Management – –Â Â Â Â Â Â –Â Â Â Â Â Â –Â Â Â Â Â Â 11
2.2 Elements of Cash Management in Manufacturing Industry – 15
2.3 Objectives of Cash Management – – – – – 16
2.4 Motives for Holding Cash – – – – – – 17
- Principles of Cash Management – – – – – 21
- Types of Cash Management – – – – – – 25
2.7 Roles and Functions of Cash Management – – – – 26
2.8 Cash Management Strategies – – – – – 27
2.8.1 Limitations of Cash Management – – – – – 28
2.9 Problems Associated with Cash Management in
Manufacturing Industries – – – – – – 29
2.9.1 Possible Solutions to Problems associated with
Cash Management – – – – – – – 31
2.9.2 Cash Conversion Cycle – – – – – – – 31
2.9.3 Cash Collection Methods – – – – – – 32
2.9.4 Cash Disbursement – – – – – – – 34
2.10 Risk of Holding Cash – – – – – – – 38
PAGES
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design – – – – – – 39
3.2 Population of the Study – – – – – 39
3.3 Sample and Sampling Technique – – – – 40
3.4 Instrumentation – – – – – – – 40
3.5 Method of Data Analysis – – – – – 41
3.6 Problems of Data Collection – – – – – 41
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
- Analysis of Research Questions – – – – 43
- Research Question One – – – – – 43
- Research Question Two – – – – – 45
- Research Question Three – – – – – 46
- Research Question Four – – – – – 48
- Discussion of Findings – – – – – – 49
PAGES
CHAPTER FIVE:
SUMMARY OF FINDINGS, CONCLUSION AND
RECOMMENDATIONS
5.1 Summary of Findings – – – – – – 52
5.2 Conclusion – – – – – – – – 53
5.3 Recommendations – – – – – – 54 References
Appendix
