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2. Outline any four roles of commercial banks in Botswana. (4 marks) 3. Eric Clothing Limiteds annual demand for materials X is 50 000 units,

2. Outline any four roles of commercial banks in Botswana. (4 marks)

3. Eric Clothing Limiteds annual demand for materials X is 50 000 units, and the ordering cost is P10 000 per order and each unit costs P3 000. The estimated cost of holding unit of stock is 15% of the purchase cost. Required: a. Calculate the economic order quantity (EOQ) and; (4 marks) b. Calculate the total annual costs of material X. (4 marks)

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