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Hello hope all is well, while I was working on this assignment I had trouble understanding the concept. Develop an assortment plan for the handbags

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Hello hope all is well, while I was working on this assignment I had trouble understanding the concept.

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Develop an assortment plan for the handbags and accessories departments given that 67% of the goods are handbags (average price $40), 25% are wallets (average price $25), and 8% are keychains (average price $10). 0f the handbags, 65% are shoulder bags, 16% are totes, 9% are satchels, 6% are backpacks, and 4% are clutches. 0f the wallets, 55% are checkbook wallets, 15% are coin wallets, and 30% are wristlets. Given planned purchases at $25,000, determine how many handbags, wallets, and keychains of each style should be ordered. 2. A buyer had an inventory of $45,000 on June 1 and a planned EOM stock of $51,000. Planned sales for the department were $39,000 and planned markdowns for the month were $3,200. As of June 1, the buyer had merchandise on order of $10,000 at retail to be delivered during the month. Planned initial markup was 48%. Calculate the buyer's OTB at retail and at cost as of June 1. 3.| The BOM inventory at retail for budget footwear for Gallop's Department Store was $30,000 on August 1\

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