Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A buyer had an inventory at the beginning of the month of $120,000 and a planned EOM stock of $135,000. On the first of the

A buyer had an inventory at the beginning of the month of $120,000 and a planned EOM stock of $135,000. On the first of the month the buyer had merchandise on order of $55,000 to be delivered during the month. Planned markdowns for the month were $7,000 and planned sales were $85,000. Find the buyers OTB for the month at retail. Write your answer as a whole number with a comma separating thousands, but do not include cents or a dollar sign.

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

Auditing Outsourced Functions Risk Management In An Outsourced World

Authors: Mark Salamasick

1st Edition

0894137255, 9780894137259

More Books

Students also viewed these Accounting questions