Question: please assist 1.4 REQUIRED Use the information provided below to determine the number of orders that SS Traders should place during 2024, that also considers
please assist
1.4 REQUIRED Use the information provided below to determine the number of orders that SS Traders should place during 2024, that also considers the most economical order quantity. INFORMATION 15 The annual demand for 2024 of an item sold by SS Traders is expected to be 5000 units. The selling price is R6 per unit and the item is sold at coslplus 50%. The ordering cost amounts to R10 per order and the unit holding cost is equal to 10% of the cost of the item
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