Question: Given the six-month merchandise budget below, answer questions #1-4. When completing the budget, do not round to the nearest whole dollar (in other words, do
| Given the six-month merchandise budget below, answer questions #1-4. When completing the budget, do not round to the nearest whole dollar (in other words, do not drop the cents)
4. What is the Total $ Planned Purchases at Cost figure? |
Last Years Total Sales = $100,000
Planned % Sales Increase = 5%
Planned % Reductions = 14%
Planned EOM for Period = $25,000
Planned IMU% for Period = 53%
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Six-Month Merchandise Budget
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| Spring/Summer | February | March | April | May | June | July | Totals |
| Planned Sales
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| Planned Sales % | 10% | 25% | 20% | 20% | 15% | 10% | 100% |
| Planned BOM Stock
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| ____________ |
| Planned S/S Ratio
| 2.70 | 2.30 | 1.96 | 1.85 | 1.87 | 2.20 | ____________ |
| Planned EOM Stock
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| ____________ |
| Planned Reductions
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| Planned Reductions % | 10% | 15% | 20% | 22% | 18% | 15% | 100% |
| Planned Purchases @ Retail
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| Planned Purchases @ Cost
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| A. | $116,350 | |
| B. | $52,640 | |
| C. | $73,085 | |
| D. | $54,684.50 |
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