Calculate the buyers open$-$to$-$buy $($OTB$)$ as of october $16$th$,$ given the following information

October Sales Plan: $$190,000$

ACtual Sales as of October $16$th: $$120,000$

October Planned Markdowns: $13\%$

Actual markdowns taken as of october $16$th: $$17,000$

Stock on hand as of october $16$th: $$703,000$

Planned BOM stock as of November $1$st: $$920,000$

Stock on order as of october $16$th: $$18,500$

 

Answer rating: 100% (QA)

In retail the OpentoBuy is the planned inventory level at the start of the month BOM plus the pla... View the full answer