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1. The BOM inventory at retail for budget footwear for Gallop's Department Store was $30,000 on August 1st, with an inventory planned at $40,000
1. The BOM inventory at retail for budget footwear for Gallop's Department Store was $30,000 on August 1st, with an inventory planned at $40,000 on August 31. Planned sales were $14,000, with markdowns of $1,000 for the month. Planned initial markup percent is 45.5%. The buyer has already ordered merchandise for August of $12,000 at retail. What was the OTB in retail dollars? What was the OTB in cost dollars?
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To calculate the OpentoBuy OTB in retail and cost dollars we need to consider the planned sales mark...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
