Refer to the following year-end factors for a buyer for a missy swimwear department: Average inventory...

 

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Refer to the following year-end factors for a buyer for a missy swimwear department: Average inventory $ Sales $ Cost of goods $ Gross margin $ Gross margin % This Year $22,600 $49,900 $24,300 Plan $20,700 $45,200 $23,600 Last Year $23,200 $44,600 $22,600 Analyze the following: 1. Calculate the cost of goods in dollars for This Year, Plan, and Last Year. 2. Calculate the gross margin percentage for This Year, Plan, and Last Year. 3. For this year the buyer negotiated terms of a 10% order discount; the aver- age billed cost on the swimwear was $40.00. The majority of the merchan- dise arrives in stores for April. The majority of sales for swimwear occur in June and July. After analyzing the gross margin dollars and percentage achieved versus Plan, what can the buyer do in order to achieve the planned gross margin dollars and percentage? Refer to the following year-end factors for a buyer for a missy swimwear department: Average inventory $ Sales $ Cost of goods $ Gross margin $ Gross margin % This Year $22,600 $49,900 $24,300 Plan $20,700 $45,200 $23,600 Last Year $23,200 $44,600 $22,600 Analyze the following: 1. Calculate the cost of goods in dollars for This Year, Plan, and Last Year. 2. Calculate the gross margin percentage for This Year, Plan, and Last Year. 3. For this year the buyer negotiated terms of a 10% order discount; the aver- age billed cost on the swimwear was $40.00. The majority of the merchan- dise arrives in stores for April. The majority of sales for swimwear occur in June and July. After analyzing the gross margin dollars and percentage achieved versus Plan, what can the buyer do in order to achieve the planned gross margin dollars and percentage?

Answer rating: 100% (QA)

1 Calculate the cost of goods in dollars for This Year Plan and Last Year This Year Cost of goods Sales Gross margin Cost of goods 49900 24300 25600 P... View the full answer