Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can someone please help in understanding how to do these problems? Report all currencies to the nearest penny and all percentages to the nearest tenth.
can someone please help in understanding how to do these problems?
Report all currencies to the nearest penny and all percentages to the nearest tenth. 1-2. Calculate the planned purchased at (1) retail and (b) cost given the following data: May Sales Markdowns BOM stock for May BOM stock for June Planned markup $18,000 $2,550 $32,000 $41.000 52% 3. If planned sales for July are $75,000 and the stock-sales ratio is planned at 2.5, the calculate BOM stock (2pts). 4. If a department has the following figures, calculate the GMROII (2pts): Net sales $38,500 Stock turn 2.5 Gross margin 43% Markup 50% Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started