The men's dress shirt department had been given the following information to use and developing a merchandise

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The men's dress shirt department had been given the following information to use and developing a merchandise plan for the fall-winter season:

Planned net sales: $566,000

Operating expenses: 35.8%

Planned Profit: 4.0%

Markdowns: 15.2%

Stock turnover: 2.9

Month Sales % of Season's Reductions

August 14% 16%

September 15% 12%

October 13% 12%

November 22% 19%

December 24% 20%

January 12% 21%

A. Determine initial markup % and gross margin %.

B. Determine planned sales.

C. Calculate the reductions for each month.

D. Calculate basic stock.

E. Determine BOM stock for each month.

F. Calculate monthly planned purchases at retail.

Posted Date: May 18, 2024 11:04 PM

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The men's dress shirt department had been given the following information to use and developing a merchandise

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