Question: Hello hope all is well, while working on this assignment i had difficulties understanding the concept. A menswear buyer had an inventory of $106,000 on

Hello hope all is well, while working on this assignment i had difficulties understanding the concept.

had difficulties understanding the concept. A menswear buyer had an inventory of

A menswear buyer had an inventory of $106,000 on March 1 and a planned EOM stock of $180,583. Planned sales for the menswear department were $84,005, and planned markdowns for the month were $7,920. As of March 1, the buyer had merchandise on order of $68,400 at retail to be delivered during the month. Planned initial markup was 52.0%. Calculate the buyer's OTB at cost as of March 1. Select one: a. $11,292.00 b. $51,058.00 C. $23,525.00 d. $47,091.84 Calculate turnover for the month of August given the following retail figures: BOM Stock Sales August $24,000 $18,200 September $18,000 $7,400 October $16,000 $8,800 Select one: a. 0.87 b. 0.59 C. 1.15 d. 2.37

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