Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000
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Complete a merchandise plan for Linens and Domestics based on the following data: Planned net sales $98,000
Markup 41.90%
Stock turnover 1.8
Operating expenses 39.20%
Planned profit 4.00%
Cash discounts 1.30%
Markdowns 9.10%
Shortages 0.70%
Maintained markup 41.90%
Sales | Reductions | ||
February | 12% | 13% | |
March | 13% | 15% | |
April | 15% | 12% | |
May | 19% | 21% | |
June | 21% | 19% | |
July | 20% | 20% |
Determine the BOM stocks for each month.
Related Book For
Differential Equations and Linear Algebra
ISBN: 978-0131860612
2nd edition
Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West
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