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QUESTION THREE INVENTORY CONTROL GreenLantern,pub&grillestimatesthatitwillsell10000beersperyearwhichitwill purchasefromadistributorinLuanshya.AbeercostsK18.00topurchaseandK2.00in freightchargeseach.Thecompanyborrowsfundsat9%interestratetofinance inventories.GreenLantern'spurchasingagenthascalculatedthatitcostsK50.00to placeanorderforbeersandthatthehandlingisK3.00foreachbeer. Required: (a)CalculatethenumberofbeersthatGreenLanternshouldrequestineachorder. (DuetothenatureofthequestionyouarerequestedNOTtoroundoffyouranswerat thispoint) (b)Calculatetheannualnumberoforders.

QUESTION THREE

INVENTORY CONTROL

GreenLantern,pub&grillestimatesthatitwillsell10000beersperyearwhichitwill

purchasefromadistributorinLuanshya.AbeercostsK18.00topurchaseandK2.00in

freightchargeseach.Thecompanyborrowsfundsat9%interestratetofinance

inventories.GreenLantern'spurchasingagenthascalculatedthatitcostsK50.00to

placeanorderforbeersandthatthehandlingisK3.00foreachbeer.

Required:

(a)CalculatethenumberofbeersthatGreenLanternshouldrequestineachorder.

(DuetothenatureofthequestionyouarerequestedNOTtoroundoffyouranswerat

thispoint)

(b)Calculatetheannualnumberoforders.

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