Question: please help Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sale Stock turnover Operating expenses Planned profit Markdowns
Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sale Stock turnover Operating expenses Planned profit Markdowns $98,500 1.9 39.2% 5.5% 10.5% -) Determine the initial markup and gross margin percents, ) Determine sales for each month. =) Calculate the reductions for each month. February March April May June July Sales 12% 13% 15% 19% 21% 20% % of Season's Reductions 13% 15% 12% 21% 19% 20% d) Determine the BOM stocks for each month. e) Determine the EOM stocks for each month. 1) Calculate the monthly planned purchases at retail. 8) Calculate the monthly planned purchases at cost
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
