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1. Ch9. Open-to-buy (OTB) (2pts): Given the numbers in the table, find a) OTB at retail and b) OTB at cost. Show your work.
1. Ch9. Open-to-buy (OTB) (2pts): Given the numbers in the table, find a) OTB at retail and b) OTB at cost. Show your work. + January BOM $10,700 January Planned EOM $8,500 January Planned Sales $5,000 Outstanding order $2,300 January Planned Markdown $250 Initial Markup 30% a. OTB at Retail b. OTB at Cost
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
