Question
The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring-summer season: Planned sales for
The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring-summer season:
Planned sales for the season $90,000
February 1 inventory 31,320
July 31 inventory 36,000
Initial markup percent 53.5%
Season markdown percent 5.43%
% of Seasons BOM Stock Sales % of Seasons
Month Sales Ratio Markdowns
February 12% 2.9 6.6%
March 14% 2.7 4.5%
April 20% 2.2 4.7%
May 21% 2.1 4.9%
June 19% 2.2 5.2%
July 14% 2.7 7.5%
Calculate:
Monthly planned sales
BOM stocks
Monthly and total season planned dollar markdowns
Monthly and total season planned purchases at retail
Monthly and total season planned purchases at cost
Upload your answer in the form of a spreadsheet-buying plan Google sheet.
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