Write a paper and explain how an organization finances its working capital. Answer the following questions within your paper:

1. Explain working capital

2. List actions firms can take to minimize net working capital

3. Explain how to estimate the cost of short/term credit (working capital). Explain the formula(s) used.

4. Illustrate the sources of working capital (secured and unsecured) and list the steps needed to obtain working capital. What are the advantages and disadvantages of each.