Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Make a six-month merchandise plan for a Women's Sportswear department. maintain the same monthly sales percentages, the same stock-to-sales ratios, and the same markdown percents

Make a six-month merchandise plan for a Women's Sportswear department. maintain the same monthly sales percentages, the same stock-to-sales ratios, and the same markdown percents by month as last year.


Last year's spring season figures were as follows: Departmental Markup: 54% Total Spring Sales Volume: $786,000 End of Season Stock: $257,000. Total Markdowns Planned: 12.5% of Season Sales

image

MonthPct of Season BOM Sales Feb 12% Mar 22% Apr 21% May 17% Jun 18% Jul 10% Stock/Sales tio 3.1 2.1 2.5 2.5 2.7 3.7 Pct of Season Ra- Markdowns 10.9% 11.9% 23.5% 22.8% 19.4% 11.5%

Step by Step Solution

3.32 Rating (155 Votes )

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

Construction accounting and financial management

Authors: Steven j. Peterson

2nd Edition

135017114, 978-0135017111

More Books

Students also viewed these Business Writing questions