Answer:
Ray should place 32 orders each time.
Explanation:
number Ray should order each time 
= sqrt(2*Annual Demand*Ordering Cost /Carrying cost per unit per annum ) 
= sqrt(2*1,174*$24/$55)
= 32 
Therefore, Ray should place 32 orders each time.
 
        
             
        
        
        
Answer:
Cash budget
Explanation:
A budget is a financial plan that calculates a firm's expectations and uses that information to allocate the expectations to specific needs of the firm, to ensure its efficient and smooth running over a given period of time.
A cash budget as seen above is a type of budget that projects a firm's expectations cash-wise (inflwo and outflow), shortages and surpluses during a given period (say one year or two years, etc.). 
Cheers. 
 
        
             
        
        
        
The answer to the question is a form