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EVALUATING A BUYER Refer to the following year-end factors for a buyer for a missy swimwear department: This Year $22,600 $49,900 Plan $20,700 S45,200 Last
EVALUATING A BUYER Refer to the following year-end factors for a buyer for a missy swimwear department: This Year $22,600 $49,900 Plan $20,700 S45,200 Last Year $23,200 $44,600 Average inventory Sales $ Cost of goods $ Gross margin $ Gross margin % $23,600 $22,600 $24,300 Analyze the following. Calculate the cost of goods in dollars for This Year, Plan, and Last Year. 1. 2. 3, Calculate the gross margin percentage for This Year, Plan, and Last Year. For this year the buyer negotiated terms of a 10% order discount, the aver- age billed cost on the swimwear was $40.00. The majority of the merchan- dise arrives in stores for April. The majority of sales for swimwear occur in June and July. After analyzing the gross margin dollars and percentage achieved versus Plan, what can the buyer do in order to achieve the planned margin dollars and percentage? ross
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