Stock Calculation: Do the following merchandise plan calculations for Granny's Gift Shop:

1. Last March the shop had sales of $4,200. The owner's goal is to increase sales by 7 percent. What would be the planned sales for this March?
2. Last year's stock-to-sales ratio for March was 1.5:1. What should be the BOM stock figure for this March?
3. The owner would like to cut planned reductions by 5 percent this year. If last Year's reductions for the month were $500, what would be this year's target figure?
4. With the figures already given or calculated and an EOM stock figure of $5,000 for March, determine the planned purchases for the gift shop.