Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are the manager of a small shoe store named Steps in Style, and your sales last month were $120,000. Name brand sneakers account for
You are the manager of a small shoe store named Steps in Style, and your sales last month were $120,000. Name brand sneakers account for approximately 30 percent of your sales, women's shoes make up 45 percent, children's shoes make up 15 percent, and accessories like socks and shoelaces account for 10 percent. You have shrinkage of 0.75 percent of your sales. On average, you pay your wholesaler $20 per pair of shoes, but you sell each pair for $40. You ordered 3,200 pairs of shoes last month and sold 3,000. In your document, create a chart to show the stock you currently have on hand as well as what stock you need to order. When it comes to ordering more stock, which types of shoes will you order? How many of each type will you order?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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