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Stock Calculation: Do the following merchandise plan calculations for Granny's Gift Shop: Last March the shop had sales of $4,200. The owner's goal is to
Stock Calculation: Do the following merchandise plan calculations for Granny's Gift Shop:
- 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?
- Last year's stock-to-sales ratio for March was 1.5:1. What should be the BOM stock figure for this March?
- 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?
- 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.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
