Financial planning q1

Answer ALL the questions in this section. QUESTION 1 1.1 (5 marks) Information: Jumbo Ltd produces tables with a steady monthly demand of 24 000 units. Tables require a component that is acquired from the supplier at R50 per unit. The cost of placing an order is R12 per order and the holding cost is 10% of the unit purchase price. NB: Round off to the next whole number Required: Number of orders per year based on the economic order quantity. 1.2 (5 marks) Information: Rambo Producers has the following sales forecast for Line 1 Product for the first two months of 2022 January 30 000 units February 40 000 units Rambo Producers maintains an inventory, at the end of the month, equal to 20% of the budgeted sales of the following month. Required: Determine the required number of units that should be produced during January 2022