In addition to the above, the following information is available: All sales and purchases of inventory are on credit. Inventories on 31 December 2020 amounted to R1 500000 . Credit terms of \\( 5 / 10 \\) net 90 days are granted by creditors. Credit terms of 60 days are granted to debtors. Dividends declared for the years ended 31 December 2021 and 2022 amounted to R1 169280 and R1 422000 respectively. The financial manager of Orbit Limited provided the following forecasts for 2023: Sales are estimated at 8000 units with a selling price of R1 800 each. The manufacturing costs include direct materials of R460 per unit, direct labour of R315 per unit, variable overheads of R170 per unit and fixed overheads of R880 000. Fixed selling and administration costs are estimated at \\( R 2000000 \\) and the variable selling costs are estimated to be \7.5 of sales. The directors are contemplating diversification in 2024 by entering the passenger transport market. This could be achieved through the purchase of a fleet of midi buses that are expected to cost R9 500000 . An additional R500 000 will be spent on import duties. The cost of operating the buses each year is expected to be R4 100000 and the annual revenues from transporting the passengers are estimated at R7 000000 . The buse In addition to the above, the following information is available: All sales and purchases of inventory are on credit. Inventories on 31 December 2020 amounted to R1 500000 . Credit terms of \\( 5 / 10 \\) net 90 days are granted by creditors. Credit terms of 60 days are granted to debtors. Dividends declared for the years ended 31 December 2021 and 2022 amounted to R1 169280 and R1 422000 respectively. The financial manager of Orbit Limited provided the following forecasts for 2023: Sales are estimated at 8000 units with a selling price of R1 800 each. The manufacturing costs include direct materials of R460 per unit, direct labour of R315 per unit, variable overheads of R170 per unit and fixed overheads of R880 000. Fixed selling and administration costs are estimated at \\( R 2000000 \\) and the variable selling costs are estimated to be \7.5 of sales. The directors are contemplating diversification in 2024 by entering the passenger transport market. This could be achieved through the purchase of a fleet of midi buses that are expected to cost R9 500000 . An additional R500 000 will be spent on import duties. The cost of operating the buses each year is expected to be R4 100000 and the annual revenues from transporting the passengers are estimated at R7 000000 . The buse