1. The BOM inventory at retail for budget footwear for Gallop's Department Store was $30,000 on...

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1. The BOM inventory at retail for budget footwear for Gallop's Department Store was $30,000 on August 1st, with an inventory planned at $40,000 on August 31. Planned sales were $14,000, with markdowns of $1,000 for the month. Planned initial markup percent is 45.5%. The buyer has already ordered merchandise for August of $12,000 at retail. What was the OTB in retail dollars? What was the OTB in cost dollars? 1. The BOM inventory at retail for budget footwear for Gallop's Department Store was $30,000 on August 1st, with an inventory planned at $40,000 on August 31. Planned sales were $14,000, with markdowns of $1,000 for the month. Planned initial markup percent is 45.5%. The buyer has already ordered merchandise for August of $12,000 at retail. What was the OTB in retail dollars? What was the OTB in cost dollars?

Answer rating: 100% (QA)

To calculate the OpentoBuy OTB in retail and cost dollars we need to consider the planned sales mark... View the full answer