QUESTION 6 (20 Marks) 6.1 REQUIRED Use the information provided by Queenspark Limited below to calculate the following: 6.1.1 Economic order quantity (5 marks) 6.1.2 Number of orders that need to be placed each year (3 marks) 6.1.3 Total ordering cost (2 marks) INFORMATION: The annual sales of men's jackets of Queenspark Limited is 400 000 units. The purchase price is R600 per unit. The holding cost per jacket is 10% of the purchase price. The ordering cost is R40 per order 6.2 REQUIRED: Use the information given below to answer the following questions: 6.2.1 Calculate the profit that Giddies Limited would make if the account is settled within 20 days. (7 marks) 6.2.2 Should the customer fail to pay the amount due and the account is written off after 90 days, what would be the loss to the firm? (3 marks) INFORMATION: Giddies Limited is considering selling a fridge to a customer on credit . The cost of the fridge is R16 000 and the selling price is R20 000. A credit term of 2/20 net 60 days was agreed upon. The cost of capital of Giddies Limited is 12%. END OF PAPER