Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1/ A buyer has determined the desired level of stock per month is $12,800. She plans to have sales of $5,600 for that month. What

1/ A buyer has determined the desired level of stock per month is $12,800. She plans to have sales of $5,600 for that month. What would her basic stock requirements be for the month?

2/ A buyer has planned purchases (or desired inventory) of $241,571. She has already ordered $46,798. She has received $87,623 worth of merchandise. What is her current open to buy?

3/

A store had average markdowns last year of 21%. The projected sales are $230,000. Assuming she is calculating based on a seven-month season, what are her planned markdowns?

Enter 907.042

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Shipping Finance A Practical Handbook

Authors: Stephenson Harwood

4th Edition

1787421406, 978-1787421400

More Books

Students also viewed these Finance questions

Question

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago