Complete the blank six-month plan form using the following data and rounding to the nearest whole...
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Complete the blank six-month plan form using the following data and rounding to the nearest whole dollar: Sales for the six-month period beginning in August are planned at $350,000 and total markdowns during the period are planned at 18%. The department utilizes the basic stock method for planning BOM stock levels and the average stock figure will be used as the ending inventory figure and expects a turnover rate of 3.0. MONTH August September October November December January % SALES BY MONTH 14% 20% 15% 17% 23% 11% a. Calculate planned sales by month b. Calculate total planned markdown dollars % MARKDOWNS BY MONTH 18% 20% 12% 15% 19% 16% c. Calculate planned markdowns by month d. Calculate planned BOM stock levels e. Calculate average stock f. Calculate planned purchases by month (at retail) g. Calculate the initial markup percentage and gross margin percentage given the following: Operating Expenses = 30% Planned Profit = 5% Cash Discounts = 2% h. Calculate planned GMROII Complete the blank six-month plan form using the following data and rounding to the nearest whole dollar: Sales for the six-month period beginning in August are planned at $350,000 and total markdowns during the period are planned at 18%. The department utilizes the basic stock method for planning BOM stock levels and the average stock figure will be used as the ending inventory figure and expects a turnover rate of 3.0. MONTH August September October November December January % SALES BY MONTH 14% 20% 15% 17% 23% 11% a. Calculate planned sales by month b. Calculate total planned markdown dollars % MARKDOWNS BY MONTH 18% 20% 12% 15% 19% 16% c. Calculate planned markdowns by month d. Calculate planned BOM stock levels e. Calculate average stock f. Calculate planned purchases by month (at retail) g. Calculate the initial markup percentage and gross margin percentage given the following: Operating Expenses = 30% Planned Profit = 5% Cash Discounts = 2% h. Calculate planned GMROII
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Answer rating: 100% (QA)
a Planned sales by month August Total planned sales 350000 August of sales is 14 So August sales 350000 x 14 49000 September of sales is 20 so Septemb... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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