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1.1 Determine the cost (as a percentage, expressed to two decimal places) to Trendy Traders of forfeiting the discount. INFORMATION Trendy Traders purchased inventory
1.1 Determine the cost (as a percentage, expressed to two decimal places) to Trendy Traders of forfeiting the discount. INFORMATION Trendy Traders purchased inventory on credit for R4 000. The supplier offered Trendy Traders the option to settle the account by paying R3 920 up to the 10th day after the sale or pay R4 000 by the end of 60 days after the sale. 1.2 Calculate the most advantageous quantity for the firm to order each time. INFORMATION Havenside Suppliers anticipates annual sales of 50 000 units at R30 per unit, a purchase price of R20 per unit, an ordering cost of R10 per order, and a carrying cost of 20 percent of the purchase price. 1.3 Use the following information to prepare the Pro Forma Statement of Financial Position of Lilac Limited as at 31 December 2022.
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