QUESTION $2$

$(20$ Marks$)$

$2\mathrm{.}1$

REQUIRED

Use the information provided below to determine the cost $($as a percentage, expressed to two decimal places$)$ to Sibiya Stores of not accepting the discount. Assume a $360-$day year.

$(4$ marks$)$

INFORMATION

The credit terms granted by Mega Manufacturers to Sibiya Stores are $\frac{3}{10}$ net $60$ days.

$2\mathrm{.}2$

REQUIRED

Use the information given below to calculate the following:

$2\mathrm{.}2\mathrm{.}1$ Economic Order Quantity

$(4$ marks$)$

$2\mathrm{.}2\mathrm{.}2$ Re$-$order point.

$(3$ marks$)$

INFORMATION

The following details have been supplied by Tonga Suppliers for the only product that it sells:

$\backslash$table$[[$Sales per month,$3000$ units$],[$Carrying costs as a percentage of the unit purchase price,$10\%$