Consider cash-collection time. How can a firm minimize this time, and what are some of the costs? Do we worry about this as individuals as well? If so, how?

In order to speed up the cash conversion cycle, the author states that a company should attempt to speed up its receivables and slow down its payables. What are some ways a company could do this? Does this present any ethical dilemmas?

Also, how do capital structure decisions relate to the control of a firm? In other words, would control issues impact your decisions as to how to raise money for your company?