Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. During a six-month period, a department has a planned stock turnover of 3.2 and planned sales of $230,000. August sales are estimated at $38,000

1. During a six-month period, a department has a planned stock turnover of 3.2 and planned sales of $230,000. August sales are estimated at $38,000 and September sales at $42,000. Using the basic stock method, determine the BOM stock for August.

2. Planned sales in the junior sportswear department for April are $842,100, and the planned stock-sales ratio is 3.2. On April 1, how much stock is needed?

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

ISE Real Estate Finance And Investments

Authors: Jeffrey Fisher William B. Brueggeman

17th International Edition

1264892888, 9781264892884

More Books

Students also viewed these Finance questions

Question

=+b) Use it to predict the value for January 2007. Section 19.4

Answered: 1 week ago

Question

7. Explain how an employee could reduce stress at work.

Answered: 1 week ago