1. Complete a merchandise plan for Linens and Domestics (using Basic Stock Approach) based on the following data: Planned net sale $98,500 Stock turnover 1.9 Operating expenses 39.2% Planned profit 5.5% Markdowns 10.5% Determine the initial markup and gross margin percents. age Determine sales for each month. Calculate the reductions for each month. % of Season's Sales Reductions February 12% 13% March 13% 15% April 15% 12% May 19% 21% June 21% 19% July 20% 20% 1) Determine the BOM stocks for each month. Determine the EOM stocks for each month. f) Calculate the monthly planned purchases at retail. g) Calculate the monthly planned purchases at cost. Last Year Plan Actual % initial markup SIX-MONTH MERCHANDISING PLAN % markdowns % alteration expense Department Name: % cash discount % gross margin Department Number: % operating expense % net profit Merchandise Manager: season turnover average stock Buyer: GMRO Average sales Period: Basic stockMarch April SEASON SPRING February May June July TOTALS SALES LY Sales PL Sales Revised Actual % Change % of LY Sales % of PL Sales EOM STOLY EOM Stock PL EOM Stock Revised Actual MARKDO LY Markdowns PL Markdowns Revised Actual % Change % of LY Markdowns % of PL Markdowns BOM STO LY BOM Stock PL BOM Stock Revised Actual Basic Stock PLANNELLY Purchases @ Retail PURC PL Purchases @ Retail AT RE Revised Actual PLANNE LY Purchases @ Cost PURC PL Purchases @ Cost AT CO Revised Actual AUTHORIZATION SIGNATURES: AUTHORIZATION DATE: Buyer Merchandise Manager Controller