Question
The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring season (3 months season):
The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring season (3 months season): Planned sales for the season $120,000 April 30 inventory 80,000 Initial markup percent 53.5% % of Season’s BOM Stock Sales Markdowns Month Sales Ratio % February 42% 2.9 12% March 33% 3.4 15% April 25% 3.5 17% Calculate:
(a) Monthly planned sales
(b) BOM stocks
(c) Monthly markdowns $
(d) Season total markdown $ and Season Markdown %
(e) Monthly and total season planned purchases at retail
(f) Monthly and total season planned purchases at cost
(g) Planned stock turnover rate for the season
Step by Step Solution
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Step: 1
a Monthly planned sales 120000 x 42 50400 120000 x ...
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Retail Management A Strategic Approach
Authors: Barry R. Berman, Joel R. Evans
12th edition
132720825, 978-0132720823
