The plan for a department showed planned sales of $650,000 and planned markdowns of 18%. (5pts.) a. What was the amount of planned markdown dollars? b. If the markdown amounts of $120,000, was the actual markdown % more or less than the planned and how much? Merchandise costing $2,085 reaches the store on April 2. The invoice is dated March 22 and has terms of 8/10 EOM. The invoice is paid on April 10. (5 pts.) a. How much should be remitted? b. If the merchandise is shipped FOB New Orleans, Louisiana, charges reversed. with transportation charges of $11.85, how much should be remitted? A buyer needs to average a 44% markup. She has purchased 25 belts that cost $17.00 each and 32 pair of shoes that cost $28 each. If she retails the belts for $32.00 each, what must be average retail for each pair of shoes in order to achieve the planned markup percent? (5pts.) A buyer received 48 skirts retailing for $55 each for a special sale. The 48 skirts were reduced to $40. During the sale, 28 skirts were sold. After the sale was over, the remaining 20 skirts were returned to their original price. All of these skirts were sold for $55. Find the markdown cancellation, net markdown, and net markdown percent. (5pts.) Calculate the final dates on which cash discounts may be taken for invoices dated 3/21. Merchandise is received on 3/27. (5pts.) Terms are: a. 6/10/20 b. 9/10 EOM c. 3/10 60X Who pays the transportation charges if the terms are as follows; expand on reasons for your decision (5pts): FOB Factory, FOB consolidator, FOB store, FOB destination, FOB Factory prepaid. . Relate to the concepts discussed; give an example of each. (4 pts. Each) Purchase (cash) discount (example) Direct expense vs. Indirect expense (examples) X-Dating (example) Markdown cancellation (example) vs. Markup cancellation (examples) Retail reductions (name them) Contribution margin (reason) Maintained Markup vs. Gross Margin (examples)