Question
Tory Burch is in the process of estimating sales figures for their Nolita store location for their upcoming season. They have estimated based on pass
Tory Burch is in the process of estimating sales figures for their Nolita store location for their upcoming season. They have estimated based on pass sales that they will have an overall total sales increase of 15%. Based upon this information, fill in the chart below and calculate Planned Monthly Sales (which accounts for the 15% increase). ROUND TO THE NEAREST WHOLE NUMBER.
Last year's sales = $107,000
| Planned % of Total | Planned Total Sales | Planned Monthly Sales | ||
| February | 9% |
|
| |
| March | 10.5% |
|
| |
| April | 12 % |
|
| |
| May | 12.8 % |
|
| |
| June | 11 % |
|
| |
| July | 11.5 % |
|
| |
5. Based upon the Planned Monthly Sales you just calculated, fill in the chart below and calculate the Planned Monthly BOM Inventory. ROUND TO THE NEAREST WHOLE NUMBER.
| Stock-to-Sales Ratio | Planned Monthly Sales(From question #4) | Planned Monthly BOM Inventory | |
| February | 2.8 |
|
|
| March | 3.2 |
|
|
| April | 4.5 |
|
|
| May | 4.0 |
|
|
| June | 3.5 |
|
|
| July | 11.5 |
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
