PROVIDE ALL STEPS FOR THUMBS UP!

a) What are the key components of Working Capital and provide for each component a brief definition. (8 points) b) For Accounts Receivables it is recommended that companies should have a credit management policy. Provide 3 examples of what this policy should cover. (6 points) c) An auto parts supplier sells special batteries to e-car dealers and prime auto mechanics. The annual demand is approximately 1,200 batteries. The supplier pays $ 2.800 for each battery and estimates that the carrying cost is 30 percent of the battery's value (per battery per annum). It costs approximately $100 to place an order (managerial and clerical costs). The supplier currently orders 120 batteries per month. (18 points) Determine the ordering, carrying and total inventory costs per year for the current order quantity (8 points) Determine the Economic Order Quantity (EOQ). (6 points) Please interpret the results regarding possible adjustments to your stock holding and stock orderings. (4 points)