In the following scenarios, 1) calculate the required working capital finance, 2) When the capital will be ready to be used for further material and labour costs? Scenario 1 o Material purchased each day for £1,000 paid for in cash. o Production takes a day. Labour cost £600, other variable costs £400 all paid immediately. o Products sold at the end of Day 1 for £2,500. o New production cycle starts at the start of day 2 Scenario 2 o Material purchased each day 1 for £1,000 paid for in cash. o Production takes a day. Labour cost £600, other variable costs £400 all paid immediately. o Products sold at the end of each day for £2,500 with

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Scenario 1 In this scenario the materials purchses and product manuf... View the full answer