This material may consist of step-by-step explanations on how to solve a problem or examples of proper writing, including the use of citations, references, bibliographies, and formatting. This material is made available for the sole purpose of studying and learning - misuse is strictly forbidden.There are several tools which can be used to manage different components of working capital. The intersection of carrying costs and shortage costs can be used to determine the level of optimal inventory. The working capital financing policy and cash budgeting strategies can be used to manage cash. The tools of Economic Order Quantity (EOQ) and Just In Time Inventory (JIT) can be used to manage inventory levels. The cash discount offered to...
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