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We're supposed to finish the 6 Month Merchandise Plan with the information provided. December's ratio is .8 instead of 2.0 as written next to it
We're supposed to finish the 6 Month Merchandise Plan with the information provided. December's ratio is .8 instead of 2.0 as written next to it
You are planning the upcoming Fall 2024 season for your small children's boutique. Due to the recent success, you decided to add a new category to your store: toys. With this new category, you are planning for an aggressive sales increase of 25% this season compared to the Fall 2023 season. Using the additional information, plan your season accordingly. - Your sales will be distributed using the same distribution as last year. - You utilize the Stock-Sales ratio to plan your stock levels. All the months will be the same, except December ( 2 ) and andary (2.3) to reduce the amount of markdowns you have to take at the end of the season. Your EOM is planned at $115,000. - Additionally, your season markdowns are planned at 20%, up from 18% from last year. - Plan your purchases at retail and at cost, considering your markup % of 76.5%. \begin{tabular}{|l|r|r|r|r|l|} \hline & \multicolumn{2}{|c|}{ Last Year } & \multicolumn{2}{|c|}{ Plan } & Actual \\ \hline SALES CMU\% MD % GM\% AVG STOCK TURNOVER & $230,000 & 100% & & & \\ \cline { 2 - 7 } & $41,400.00 & 18.0% & & & \\ \hline \end{tabular} You are planning the upcoming Fall 2024 season for your small children's boutique. Due to the recent success, you decided to add a new category to your store: toys. With this new category, you are planning for an aggressive sales increase of 25% this season compared to the Fall 2023 season. Using the additional information, plan your season accordingly. - Your sales will be distributed using the same distribution as last year. - You utilize the Stock-Sales ratio to plan your stock levels. All the months will be the same, except December ( 2 ) and andary (2.3) to reduce the amount of markdowns you have to take at the end of the season. Your EOM is planned at $115,000. - Additionally, your season markdowns are planned at 20%, up from 18% from last year. - Plan your purchases at retail and at cost, considering your markup % of 76.5%. \begin{tabular}{|l|r|r|r|r|l|} \hline & \multicolumn{2}{|c|}{ Last Year } & \multicolumn{2}{|c|}{ Plan } & Actual \\ \hline SALES CMU\% MD % GM\% AVG STOCK TURNOVER & $230,000 & 100% & & & \\ \cline { 2 - 7 } & $41,400.00 & 18.0% & & & \\ \hline \end{tabular} Step by Step Solution
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