Question
The childrens department had the following figures for October: Planned sales $500,000 Planned reductions $5,000 Planned stock, October 1 $850,000 Planned stock, November 1 $630,000
The childrens department had the following figures for October:
Planned sales $500,000
Planned reductions $5,000
Planned stock, October 1 $850,000
Planned stock, November 1 $630,000
Outstanding orders $200,000
Planned markup 48.2%
(a) Determine the planned October purchases at retail for the childrens department.
(b) What is the October OTB at cost?
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IT Security Risk Control Management An Audit Preparation Plan
Authors: Raymond Pompon
1st Edition
1484221397, 978-1484221396
