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

The two principal tools of financial planning used by the buyer are: Select one: a. Buying plan and the dollar merchandise plan b. Stock turnover and the stock-sales ratioDollar merchandise plan and stock-sales ratio c. Dollar merchandise plan and open to buy d. Stock turnover and the stock-sales ratio Calculate the departmental stock turnover for a 6-month season given an average stock at retail of $786,000 and net sales of $3,800,000. Select one: a. 4.83 b. 0.21 C. 0.48 d. 2.07 Given an average stock at cost of $48,000, net sales at retail of $360,000, and an initial markup of 52.5%, calculate turnover for the department. Round to two decimal places for your calculations. Select one: a. 3.56 b. 0.13 C. 3.94 d. 0.25 If planned sales for August are $300,600 and the stock-sales ratio is planned at 4.1, what is the dollar amount of BOM stock that is needed for August? Round to two decimal places. Select one: a. $312,924.60 b. $73,317.07 C. $288,275.40 d. $1,232,460.00