Question
In: Accounting
The stationery and greeting cards department was given the following data to use in developing a...
The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring-summer season:
Planned sales for the season $90,000
February 1 inventory 31,320
July 31 inventory 36,000
Season markdown percent 5.43%
% of Season’s BOM Stock Sales % of Season’s
Month Sales Ratio Markdowns
February 12% 2.9 6.6%
March 14% 2.7 4.5%
April 20% 2.2 4.7%
May 21% 2.1 4.9%
June 19% 2.2 5.2%
July 14% 2.7 7.5%
Calculate:
Monthly planned sales
BOM stocks
Monthly and total season planned dollar markdowns
Monthly and total season planned purchases at retail
Solutions
ekkarill92 answered 1 year agoRelated Solutions
The stationery and greeting cards department was given the following data to use in developing a...
The stationery and greeting cards department was given the
following data to use in developing a merchandise plan for the
spring-summer season:
Planned sales for the
season $90,000
February 1
inventory
31,320
July 31
inventory
36,000
Season markdown
percent 5.43%
% of
Season’s BOM
Stock
Sales %
of Season’s
Month Sales Ratio Markdowns
February 12% 2.9 6.6%
March 14% 2.7
4.5%
April 20% 2.2
4.7%
May 21% 2.1
4.9%
June 19% 2.2
5.2%
July 14% 2.7
7.5%
Calculate:
Monthly planned sales
BOM stocks
Monthly and total season planned dollar markdowns
Monthly and total season planned purchases at retail
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