Question: A buyer's sales for October are estimated at $15,000. Her stock on October 1 is $38,000, and she has $21,600 stock at retail on-order

A buyer's sales for October are estimated at $15,000. Her stock on October 1 is $38,000, and she has $21,600

A buyer's sales for October are estimated at $15,000. Her stock on October 1 is $38,000, and she has $21,600 stock at retail on-order for the month. Markdowns are planned at 8% for the month, and the planned EOM stock is $40,000. Can the buyer receive an additional order of $3,000 on October 15t? [Hint: Convert Markdown percent to Markdown in dollars, review chapter 3 or chapter 5 notes] Answer the following: a.) Open-to-buy at retail b.) Can the buyer receive an additional order?

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