Question

In: Accounting

Fill in all question marked areas of the grid and write the formula for each value...

Fill in all question marked areas of the grid and write the formula for each value together.

Open-To-Buy Worksheet
BOM Plan Sales Sales % to total Markdown $ Md % OTB Stock-To-Sales
February 35,000 $9,000 11.5% $1,000 ???? ???? 3.88
March 41,000 $15,000 19.2% $2,000 13.3% 20,000 ????
April 44,000 $18,000 23.1% $2,000 ???? ???? ????
May 41,000 $15,000 ???? ???? 10.0% ???? 2.73
June 38,000 ???? 15.4% $3,000 ???? 12,000 ????
July ???? $9,000 ???? $2,500 ???? ???? 3.89
EOM July 39,000
Total Spring $78,000 ???? ????
Average Stock= ????
Turn= ????
Stock-to Sales Ratio = BOM Stock / Sales for the month

Solutions

Expert Solution

BOM Plan Sales Sales % to total Markdown $ Md % OTB Stock-To-Sales
February 35,000 $9,000 11.50% $1,000 11.11% 16000 3.88
March 41,000 $15,000 19.20% $2,000 13.30% 20,000 2.73
April 44,000 $18,000 23.10% $2,000 11.11% 17000 2.44
May 41,000 $15,000 19.23% $1,500 10.00% 13500 2.73
June 38,000 $12,000 15.40% $3,000 25.00% 12,000 3.17
July $35,010 $9,000 11.54% $2,500 27.78% 15490 3.89
EOM July 39,000
Total Spring $78,000 100 $12,000 98.30%
Average Stock= 74,000
Turnover Ratio 1.05
OTB Formulla Planned Sales + Planned Markdowns + Planned End of Month Inventory - Planned Beginning of Month Inventory
Feruary= =9000+1000+41000-35000 16000
April =18000+2000+41000-44000 17000
May =15000+1500+38000-41000 13500
July =9000+2500+39000-35010 15490
Stock To Sale : =Current Month BOM/ Plan Sale
March =41000/15000 2.73
April =44000/18000 2.44
June =38000/12000 3.17
Markdown % =Markdown/Plan Sale
February =1000/9000 11.11%
April =2000/18000 11.11%
June =3000/12000 25.00%
July =2500/9000 27.78%
Plan Sale
June Plan Sale =Total Sale Given- Rest Months Total Sale
=78000-9000-15000-18000-15000-9000 =12000
July BOM =Plan Sale*Stock To Sale
=9000*3.89 =35010
Average Stock =February Beginning Stock+End of June Month Inventory
=(35000+39000) =74000
Stock Turnover Ration =Total sales / Aerage Stock
=78000/74000 =1.05

Related Solutions

Fill in all the remaining blanks in the table below and fill out the appropriate formula each.
Fill in all the remaining blanks in the table below and fill out the appropriate formula each.Residual maturityResidual MaturityInterest rate of Zero coupon bondPrice of Zero Coupon Bondone-year intrinsic forward interest ratepar yield18.00%27.00%36.00%
Variance Analysis Insert a formula into each cell marked with a "?". For the variances indicate...
Variance Analysis Insert a formula into each cell marked with a "?". For the variances indicate whether they are favorable or unfavorable Bradley Company produces a garden statue which requires the following variable manufacturing costs: Std Qty Std Price/Rate Direct material (mix) 6 lbs 0.06 per lb Direct labor 1 hours $16 per hour Variable O/H (based on direct labor hours) 1 hours $8.30 per hour Standard Cost per Unit: Standard Cost Direct Material ? Direct Labor ? Variable O/H...
PLEASE USING THIS INFORMATION FILL OUT ALL COLUMNS COMPLETELY IN THE TABLE MARKED AS (*******) 1)...
PLEASE USING THIS INFORMATION FILL OUT ALL COLUMNS COMPLETELY IN THE TABLE MARKED AS (*******) 1) Life Period of the Equipment = 4 years 8) Sales for first year (1) $    200,000 2) New equipment cost $        (200,000) 9) Sales increase per year 5% 3) Equipment ship & install cost $          (35,000) 10) Operating cost: $   (120,000) 4) Related start up cost $             (5,000)     (60 Percent of Sales) -60% 5) Inventory increase $            25,000 11) Depreciation (Straight Line)/YR $    ...
Chapter 3: Applying Excel 2 3 Enter a formula into each of the cells marked with...
Chapter 3: Applying Excel 2 3 Enter a formula into each of the cells marked with a ? below 4 Review Problem: Activity-Based Costing 5         6 Data 7     Deluxe Tourist 8 Annual sales in units 1,000 9,000 9 Direct materials per unit $33 $33 10 Direct labor-hours per unit 1 1 11 12 Direct labor rate $17 per DLH 13 14 Estimated 15 Overhead Expected Activity 16 Activities and Activity Measures Cost Deluxe Tourist Total 17 Labor...
Instructions: Identify the common ratio and first term and fill in the recursive formula for each...
Instructions: Identify the common ratio and first term and fill in the recursive formula for each of the following geometric sequences. 4,8,16,32,64… 4 , 8 , 16 , 32 , 64 … Common Ratio: ?= r = Answer First Term: Answer ??=??−1⋅ a n = a n − 1 ⋅ Answer ?1= a 1 = Answer 2,6,18,54,164 2 , 6 , 18 , 54 , 164 Common Ratio: ?= r = Answer First Term: Answer ??=??−1⋅ a n = a...
Please write down all formulas needed to solve and explanation of each formula for Probability, Discrete...
Please write down all formulas needed to solve and explanation of each formula for Probability, Discrete random variables and their distribution, and continuous distribution. ie from permutation and combination to bayes theorem to binomial. reference to probabilty and statistics for computer scientists 2nd edition. thanks
Write the correct chemical formula for each of the following.
Write the correct chemical formula for each of the following. a) Calcium sulfate trihydrate b) Sulfide ion c) Nitrogen dioxide d) Lead (IV) hypochlorite e) Ammonium sulfite f) Barium chloride g) sodium hydride h) sulfur trioxide i) sulfite ion
write structural formulas for all aldehydes with molecular formula C6H12O and give each it's IUPAC name....
write structural formulas for all aldehydes with molecular formula C6H12O and give each it's IUPAC name. which if these aldehydes are chiral?
Set the entire question up in an Excel spreadsheet and answer all the questions clearly marked...
Set the entire question up in an Excel spreadsheet and answer all the questions clearly marked in your spreadsheet. You are considering purchasing a machine (use your imagination) that will initially cost $205,000.00. The machine is expected to last 7 years, and you project that you can sell the worn out machine at the end of 7 years for $55,000.00 Annual operating cash inflows and outflows are projected as follows, and are assumed to occur at the end of each...
For the following exercises, write an explicit formula for each sequence.
For the following exercises, write an explicit formula for each sequence.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT