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1、19878_23_c23_p799-829.qxd2/22/0610:49AMPage799CHAPTER23OtherTopicsinWorkingCapitalManagement1Chapters21and22presentedthebasicelementsofcurrentassetmanagementandshort-termfinancing.Thischapterprovidesamorein-depthtreatmentofseveralworkingcapitaltopics,includ-ing(1)thetarget
2、cashbalance,(2)inventorycontrolsystems,(3)accountingtreatmentsforinventory,and(4)theEOQmodel.TheThomsonNOWWebsitecontainsanExcelfilethatwillguideyouthroughthechapter’scalculations.ThefileforthischapterisIFM9Ch23ToolKit.xls,andweencourageyoutoopenthefileandfol-lowalongasyou
3、readthechapter.TODISCCOLLECTION1Allorpartsofthischaptermaybeomittedwithoutlossofcontinuity.IMAGE:©GETTYIMAGES,INC.,PHO79919878_23_c23_p799-829.qxd2/22/0610:49AMPage800BEGINNING-OF-CHAPTERQUESTIONSAsyoureadthechapter,considerhowyouoptimalinventorypolicy.IstheEOQconceptwould
4、answerthefollowingquestions.Youconsistentwithjust-in-timeproceduresforshouldnotnecessarilybeabletoanswerthemanaginginventories?questionsbeforeyoureadthechapter.Rather,2.ExplainhowtheEOQinventorymodelcanyoushouldusethemtogetasenseoftheissuesbemodifiedandusedtohelpdeterminet
5、hecoveredinthechapter.Afterreadingthechap-optimalsizeofafirm’scashbalances.Doyouter,youshouldbeabletogiveatleastpartialthinktheEOQapproachtocashmanage-answerstothequestions,andyoushouldbementismoreorlessrelevanttodaythanitabletogivebetteranswersafterthechapterhaswasinpreco
6、mputer,preelectroniccommuni-beendiscussedinclass.Note,too,thatitisoftencationsdays?useful,whenansweringconceptualquestions,to3.Whatfourmethodsareusedtoaccountforusehypotheticaldatatoillustrateyouranswer.inventory?Whatarethefinancialimplica-WeillustratetheanswerswithanExcel
7、modeltionsofonemethodoveranother?HowthatisavailableontheThomsonNOWWebsite.doesthechoiceofinventoryaccountingAccessingthemodelandworkingthroughitisamethodaffecttheorderinwhichactualusefulexercise,anditprovidesinsightsthatareitemsininventoryaresold?Isitpossibleforusefulwhena
8、nsweringthequestions.thechoiceofaccountingmethodforinven-torytoaffectthefreecashflowvalue
