Can you show specific calculation steps for answers? Thanks!
Part 1: Buy plan 25 pts The knit department will be running an ad on short sleeve cotton tee shirts. The buyer estimates she will need 1, 200 units for her ten stores. She must maintain the department mark up goal of 52%. Her past selling indicates the following % of selling for each color: Color % White 30% Black 20% Red 15% Navy 15% Gree 10% Pink 10% Total 100% She has noticed that white tee shirt sales have been dropping off, she would like to increase her sales in black and red. However, the cost is higher in the dark colors. Will she be able to maintain her department's plan markup of 52% if she changes her purchase to plan for 23% of her sales in black and 17% of her sales in red, lowering her white to 25% of sales? She is going to retail all colors at $20. 00. What is the most she will be able to pay for the assorted colors and maintain her markup plan? The same percent by color will be maintained. Cost price: Color Unit price ea White $9. 00 Black $9. 80 Asst. Color ??? Using the chart below, plan for a purchase of 1, 200 units with new sales plan percents by color. 1. Units by color 2. Calculate total cost dollars by color and department total 3. Calculate total retail dollars by color and department total 4. Calculate markup % by color 5. Calculate markup % by total departmentDeDt Goals _____ and/or plan White Black Red Navy Blue Green Pink Dept Goal Total Part 2: Purchase Order: 30 pts Use the purchase order below to place an order for the tee shirt promotion. AAU Retail Store Purchase Order 79 New Montgomery St P.O. NUMBER San Francisco, CA 94105 Vendor Name and Address Ship To PURCHASE ORDERS Department Department Start Ship Cancellation FOB Terms PO Date Style Number Color Units * Unit Cost Total Cost Unit Retail Total Retail Markup % TOTALS Buyer Signature DMM Signature *Purchase orders can also be divided by specific quantities by store location.Part 3: Additional calculations 10 points Using the information from your purchase order you will calculate the amount you will submit to vendor for purchase order #12392, the vendor prepaid the shipping amount of $158.00 1. Calculate a discount of 10% on the order, which you negotiated on the rst cost. New Total Cost: be received if the order is received on March 10'\" and paid on April 10'". 3. Calculate the cash discount to 4. How much will the freight amount be for order #12392? 5. Determine the amount to be paid to the vendor for order #12392 Part 4: Markdowns and Maintained Markup 25 points SKU Cost $ Style #71553 Retail $ IMU% Unit Buy Initital CInitial R Unit Sale Dollar sa Sell Thro Units to Units sol Dollar Sa. Markdown White $ Total $20. 00 $ Total Full Priceat full p% Markdown 30% off at 30% of at 30%% of Hand Balance on Dollar Sales Markdown $ Balance or Dollar Sa Markdown Total Dol Total dollar 36 at 50% off at 50% off Hand 152 at 70% of at 70% of Sales Black $20. 00 112 Markdown Red $20. 00 24 128 10 124 24 Navy $20. 00 18 16 86 100 78 20 Green $20. 00 86 $20. 00 13 42 38 Pink 10 68 46 20 Total 61 21 Part 5: Conclusion 10 pts
