XYZ Ltd. is planning to introduce a new hybrid car to enter the expanding market. The new car will be launched in August and supplied to three distinct customer types: Brokers, retailers, and wholesalers. The sales for August and growth in sales for subsequent months are estimated as follows: Customer August sales revenue Credit period type Monthly compound sales revenue growth (%) 2 (000) (months) Brokers 50 1 Retailers 23 7 w N Wholesalers 70 5 The company is concerned about launching the new product in terms of financing, liquidity, and credit control of receivables. In particular, credit control is most likely challenging because the market is new to the company. REQUIRED: Please note: a maximum word count applies to some parts of this question. (a) Using examples, explain three main factors that may influence the level of cash holdings in a business. (6 marks; max 210 words) Discuss why companies hold more or less inventory. (3 marks; max 105 words) (b) Using the information provided above: (1) Prepare an ageing schedule of receivables for each of the first four months of selling this new product (i.e., August - November). Your schedule should analyse the expected receivables outstanding according to customer type. It should also indicate, for each customer type and month, the percentage of total receivables outstanding. (20 marks) (ii) Interpret the results in (b) (i) based on the "five Cs of credit. Ensure that you (c) Explain the cost of holding too little and too much cash. For each case, provide an example relevant to the current pandemic. (i) Too little cash. (6 marks; max 210 words) (ii) Too much cash. (6 marks; max 210 words)