Question $2(30$ marks$)$

$2\mathrm{.}1$ United Distributors' normal credit terms to X$-$Tyres Stores are $30$ days but is prepared to allow a $\backslash (4\backslash \%\backslash )$ rebate if X$-$Tyres Stores pays the account within $14$ days. Calculate the cost to $\backslash ($ X $\backslash )-$Tyres Stores of not accepting the discount. $(6$ marks$)$

$2\mathrm{.}2$ Using the information in table $2\mathrm{.}2,$ calculate inventory turnover ratio. $(6$ marks$)$

$\backslash$begin$\{$tabular$\}\{|$l$|$c$|\}$

$\backslash$cline $\{2-3\}\backslash$multicolumn$\{1\}\{$c$|\}\{\}$ & $\backslash$multicolumn$\{1\}\{$c$|\}\{$ R $\}\backslash \backslash$

$\backslash$hline Opening Inventory & $39000\backslash \backslash$

$\backslash$hline Closing Inventory & $41000\backslash \backslash$

$\backslash$hline Sales & $320000\backslash \backslash$

$\backslash$hline Gross Profit Ratio & $80,000\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

$2\mathrm{.}3$ ABC Electronics is a company that sells smartphones. The monthly demand for a particular smartphone model is $1000$ units. The cost to place an order is R$100,$ and the carrying cost per unit per year is R$5.$ The company operates for $250$ business days per year. Calculate the Economic Order Quantity $($EOQ$)$ for the smartphone model.

Calculate the EOQ. $(6$ marks$)$

$2\mathrm{.}4$ Study the below and answer the questions that follow:

Table $2\mathrm{.}4$