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6 month merchandising plan. need help. thank you! For this assignment, use Excel to calculate the answers using figures provided. Complete the assignment using your
6 month merchandising plan. need help. thank you!
For this assignment, use Excel to calculate the answers using figures provided. Complete the assignment using your Excel spreadsheet Your Excel table should look neat and professional. Save your work as "Last Name Assignment 6 Part-2 so that I can tell whose assignment it is and which assignment it is. Submit your assignment on Canvas. Note: You may want to first try to do this using hand calculation then compare results with Excel results. Last year's sales for the six-month period of February to July were $336,900. A 5.5 percent increase in sales is anticipated this year. Total reductions for the period are planned at 8 percent. The buyer desires an ending inventory of $115,000 for the period. A 48 percent initial markup is planned. Based on an analysis of past sales records and current market trends, a buyer has also made plans for the period in relation to (1) monthly distribution of sales, (2) monthly stock-to- sales ratios, and (3) monthly distribution of planned reductions. Those planning estimates are presented below: Month Sales Distribution Stock-to-Sales Ratio Reductions Distribution 10% 2.4 5% Mar 10% 2.4 5% Apr 35% 10% May 20% 2.0 20% June 15% 2.0 30% July 10% 2.0 30% Feb 2.1 Calculate (1) planned monthly sales, (2) planned monthly BOM, (3) planned monthly EOM, and (4) planned monthly reductions, (5) planned monthly purchases at retail, and (6) planned monthly purchases at cost. FEB MAR APR MAY JUNE JULY TOTALS (1) Sales (2) BOM (3) EOM (4) Reductions (5) Purchases (Retail) (6) Purchases (Cost) Step by Step Solution
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