Question: Help solve, for both pictures , please! 1. Prepare a six-month merchandise plan based on the information below. Planned sales are expected to be the

1. Prepare a six-month merchandise plan based on the information below. Planned sales are expected to be the same as last year. a. Calculate last year's monthly Stock-Sales ratios to plan BOM for this year. Planned EOM for the season is $43,000. b. Plan monthly reductions for the period. Seasonal reductions are planned at 8% and distributed as above. c. Plan purchases at retail. What would the season purchase at retail be? The initial markup % is 46.4%. What would the planned purchases for the season be at cost? 2. Develop a merchandise plan based on information that follows. Sales for the six-month fall/winter season have been planned to total $650,000. Markdowns for the total season are to be 22% of the total planned sales, and season's turnover should be 1.9. BOM inventory values are to be planned by the basic stock method. In this problem, ending inventory will be the same as the average inventory. a. Calculate total markdown dollars for the season and allocate the markdowns for each month on the basis of the percentages given. b. Using the basic stock method, calculate BOM inventory values for each month. c. The season's EOM is the average inventory for the season. d. Calculate planned purchases at retail
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
