4. At the beginning of August, the physical count of the housewares department in Branch #15 revealed an inventory of $400,000. Purchases in the amount of $85,000 were received. The net sales for this period were $44,000, the markdowns taken were $13,600, returns to vendors were $700, and transfers from Branch #20 were $1,500. Find the retail book inventory for September BOM a. $374,800.00 b. $258,200.00 c. $428,200.00 d. $426,600.00 Answer: 5.The objectives of the six-month plan as a guide to merchandising is for which of the following reasons? a. After buyers establish open-to-buy dollars they do not require any managerial approval. b. Sales are planned after the receipt plan is determined c. To achieve the sales and gross margin plan by providing the tools to plan forecast and control the sale of merchandise. d. The planning of stocks should be the first consideration in order to determine stock assortment