Given the six-month merchandise budget below, answer questions #1-4. When completing the budget, do not round...

Given the six-month merchandise budget below, answer questions #1-4. When completing the budget, do not round to the nearest whole dollar (in other words, do not drop the cents)

4. What is the “Total $ Planned Purchases at Cost” figure?

Last Year’s Total Sales = $100,000

Planned % Sales Increase = 5%

Planned % Reductions = 14%

Planned EOM for Period = $25,000

Planned IMU% for Period = 53%

Six-Month Merchandise Budget
*Spring/Summer*	*February*	*March*	*April*	*May*	*June*	*July*	*Totals*
Planned Sales
Planned Sales %	10%	25%	20%	20%	15%	10%	100%
Planned BOM Stock							____________
Planned S/S Ratio	2.70	2.30	1.96	1.85	1.87	2.20	____________
Planned EOM Stock							____________
Planned Reductions
Planned Reductions %	10%	15%	20%	22%	18%	15%	100%
Planned Purchases @ Retail
Planned Purchases @ Cost

	A.	$116,350
	B.	$52,640
	C.	$73,085
	D.	$54,684.50

Expert Solution

The answer

Planned Purchase represents the merchandise that is to be purchased during any given period.

The formula for Planned Purchase =Planned Sales+Planned Reductions+Planned EOM -Planned BOM


The answer is a as uploaded in the JPEG file.






	Mar	Apr	May	jun	july	Total
	25%	20%	20%	15%	10%	100%
	$26,250	$21,000	$21,000	$15,750	$10,500	$105,000
	47%	47%	47%	47%	47%
	$49,350	$49,350	$49,350	$49,350	$49,350	$296,100

	$11,290.17	$11,290.17	$11,290.17	$11,290.17	$11,290.17	$67,741
	2.3	1.96	1.85	1.87	2.2

	$60,375.00	$41,160.00	$38,850.00	$29,452.50	$23,100.00	$221,287.50
	$26,515.17	$40,480.17	$42,790.17	$46,937.67	$48,040.17	$247,553.50
						$116,350.15

jeff jeffy answered 3 years ago

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