Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Spring FEBRUARY MARCH APRIL MAY JUNE JULY SEASON TOTAL SALES $ Sales Plan % to total 7 . 8 1 % 1 2 . 0

Spring FEBRUARY MARCH APRIL MAY JUNE JULY SEASON TOTAL
SALES $ Sales Plan % to total 7.81%12.05%17.90%30.75%21.55%9.95%
Last Year Sales $ 80,000.00 $ 120,000.00 $ 175,000.00 $ 315,000.00 $ 225,000.00 $ 100,000.00 $ 1,015,000.00
TY Plan $ 84,000.00 $ 129,600.00 $ 192,500.00 $330,750.00 $ 231,750.00 $ 107,000.00 $ 1,075,600.00
% Inc/Dec vs LY
STOCK/SALES RATIO Plan 2.62.42.321.81.7
BOM STOCK $ Plan $ 218,400.00 $ 311,040.00 $ 442,750.00 $661,500.00 $ 417,150.00 $ 181,900.00
EOM STOCK $ Plan $ 311,040.00 $ 442,750.00 $ 661,500.00 $ 417,150.00 $ 181,900.00 $ 120,000.00 $ 2,134,340.00
MARKDOWNS $ Plan $ 6,720.00 $ 12,960.00 $ 19,250.00 $49,612.50 $ 62,572.50 $ 32,100.00 $ 183,215.00
% by Month 8.00%10.00%10.00%15.00%27.00%30.00%
PURCHASES $ RETAIL Plan
PURCHASES $ COST Plan 17. Calculate the Average Inventory or Stock.

Step by Step Solution

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

Principles Of Islamic Accounting

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

1st Edition

1119023297, 9781119023296

More Books

Students also viewed these Accounting questions