Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the buyer for a Small leather Goods department. It is time for you to establish planned figures for your Spring dollar plan.

You are the buyer for a Small leather Goods department. It is time for you to establish planned figures for

You are the buyer for a Small leather Goods department. It is time for you to establish planned figures for your Spring dollar plan. Below is the actual performance of the Small Leather Goods Department for Spring 2023. Month February March April May June July August Sales Spring 2023 BOM Stock $ $ $ $ $ $ 36,000.00 $ $ 27,500.00 $ 30,000.00 $ 55,000.00 $ 61,500.00 $ 55,000.00 $ 50,000.00 $ MD 15,000.00 $ 30,000.00 $ 31,000.00 $ 28,500.00 $ 25,000.00 $ 20,500.00 $ 150,000.00 750.00 750.00 c) What were the markdowns for 2023? (5 pts) d) What was the average stock in the 6 month period for Spring 2023 and the turnover rate (5 pts) 1,000.00 1,250.00 2,250.00 1,150.00 Based on this performance, you are making projections for Spring 2024. a) In Spring 2022 sales for this period were $140,000. What was the sales increase in dollars and percentage from 2022 to 2023 (5 pts) b) You are projecting a 20% increase in sales for 2024. What are the projected total sales for spring 2024? (5 pts)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

ANSWER a In Spring 2022 sales for this period were 140000 What was the sales increase in dollars and ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Finance questions