Beta Fruit Juice Company operates from south Batinah and they get fruits through a logistic group who supply them the necessary raw materials. The cost of placing the order is RO 1500 and average cost per kilogram is 900 baiza. The other major expenses for the stores are as below: = RO 600 = RO 2000 Water and Electricity charges every month Salary for workers every month Cost of disposal against expiry every month Insurance Cost for the store and the inventory per annum %3D = RO 200 = RO 4500 %3D The yearly demand of the product is 150000 kg. Calculate the economic order quantity and the number of orders per year?

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Functions of Financial Institutions

Financial institutions are businesses that are formed to deal with financial and monetary transactions. These organizations primarily accept deposits, advance loans, make investments, and provide foreign exchange services. Financial institutions include, but are not limited to, banks, insurance companies, trust companies, brokerage firms, and investment bankers. Because financial institutions play such an important role in the economy in terms of monetary transactions, regulating their activities has become a requirement for governmental authorities. As a result, the government creates a multitude of laws and regulations to oversee the activities of financial institutions.