Question: Answer ALL the questions below. Question One 1.1 INFORMATION (4 marks) Sharapova Wholesalers offers Umhlanga Traders credit terms of 30 days but the wholesaler will

Answer ALL the questions below. Question One 1.1 INFORMATION (4 marks) Sharapova Wholesalers offers Umhlanga Traders credit terms of 30 days but the wholesaler will allow a discount of 2% if the account is settled in full within 12 days Use the information given above to determine the cost to Umhlanga Traders (as a percentage) of not accepting the discount. 1.2 INFORMATION (5 marks) Fantasy Suppliers anticipates annual sales of 60 000 units at R40 per unit, a purchase price of R30 per unit, an ordering cost of R2 per order, and a carrying cost of 10 percent of the purchase price. Use the information given below to calculate the Economic Order Quantity (EOQ). 1.3 Using examples, discuss the main users of financial statements? (16 marks) hunction Train

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