WEB OLC EXERCISE The merchandise budget plan determines how much merchandise should be purchased in each month of a fashion buying season

(in dollars), given the sales and reduction forecast, inventory turnover goals, and seasonal monthly fluctuations in sales. Go to the student side of the Online Learning Center, and click “Merchandise Budget Plan.” The merchandise budget plan generally covers one fashion season for one merchandise category.

This application presents both one-month and sixmonth examples. In addition, practice calculations are presented for the one-month example. Have your calculator ready! In the calculation section, you have access to an Excel-based six-month merchandise budget plan that can be used to complete Case 11 in the text.