2. Complete a six-month plan given the following and rounding the nearest whole dollar: a. Last...
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2. Complete a six-month plan given the following and rounding the nearest whole dollar: a. Last year's sales totaled $625,000. This year, sales are expected to increase by 4% b. Last year's sales figures by month were as follows: September $112,500 August - $100,000 October = $81,250 December = $137,500 November = $125,000 January = $68,750 c. Last year's markdown figures by month were as follows: August - $14,000 October = $11,500 December $19,500 September $12,000 November = $18,000 January = $25,000 d. The buyer plans to utilize the basic stock method for planning BOM stock levels. e. The turnover is planned at 3.0. f. The average stock figure will be used as the ending inventory for the season. 2. Complete a six-month plan given the following and rounding the nearest whole dollar: a. Last year's sales totaled $625,000. This year, sales are expected to increase by 4% b. Last year's sales figures by month were as follows: September $112,500 August - $100,000 October = $81,250 December = $137,500 November = $125,000 January = $68,750 c. Last year's markdown figures by month were as follows: August - $14,000 October = $11,500 December $19,500 September $12,000 November = $18,000 January = $25,000 d. The buyer plans to utilize the basic stock method for planning BOM stock levels. e. The turnover is planned at 3.0. f. The average stock figure will be used as the ending inventory for the season.
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Answer rating: 100% (QA)
ANS WER Six Month Plan Month Sales Mark down B OM Average Stock August 629 000 14 000 180 000 47 000 ... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
Posted Date:
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