Assignment:
Q1. What are some of the costs associated with inventories?
Q2. Briefly, describe the economic ordering quantity (EOQ) model and its implications for inventory management.
Q3. What is meant by the term “spontaneous financing”?
Q4. What are accruals, and what should a business’s policy be regarding the use of accrual financing?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.