The men's pants department has yearly sales of $4,800,000 and an annual stock turn of 2.0....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The men's pants department has yearly sales of $4,800,000 and an annual stock turn of 2.0. Calculate the basic stock that needs to be carried in the men's pants department. The hosiery department has fall season sales of $52,800 and a planned seasonal turnover of 1.25. October sales are planned at $9,540. Calculate October stock that needs to be carried based on the basic stock method. The bra department has planned fall season sales of $254,100 and a planned seasonal turnover of 1.10. December sales are planned at $46,790. Calculate December BOM that needs to be carried based on the basic stock method. For May, the gift department had planned sales of $180,000. For the spring season, the department's planned sales were $900,000, with a planned stock turnover of 2.25. Determine the BOM figure for May using the basic stock method. The men's shirt department has spring season sales of $88,200 and a planned seasonal turnover of 1.60. The sales planned by month are as follows: February $8,880, March $13,320, April $15,540, May $16,872, June $25,596, July $7,992 Calculate the BOM stock needed for each month based on the basic stock method. The men's pants department has yearly sales of $4,800,000 and an annual stock turn of 2.0. Calculate the basic stock that needs to be carried in the men's pants department. The hosiery department has fall season sales of $52,800 and a planned seasonal turnover of 1.25. October sales are planned at $9,540. Calculate October stock that needs to be carried based on the basic stock method. The bra department has planned fall season sales of $254,100 and a planned seasonal turnover of 1.10. December sales are planned at $46,790. Calculate December BOM that needs to be carried based on the basic stock method. For May, the gift department had planned sales of $180,000. For the spring season, the department's planned sales were $900,000, with a planned stock turnover of 2.25. Determine the BOM figure for May using the basic stock method. The men's shirt department has spring season sales of $88,200 and a planned seasonal turnover of 1.60. The sales planned by month are as follows: February $8,880, March $13,320, April $15,540, May $16,872, June $25,596, July $7,992 Calculate the BOM stock needed for each month based on the basic stock method.
Expert Answer:
Answer rating: 100% (QA)
To calculate the basic stock for a department we use the formula Basic Stock Sales Stock Turnover Me... View the full answer
Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
Posted Date:
Students also viewed these accounting questions
-
Calculate the amount of money that needs to be invested today at 7% compounded semi-annually to provide monthly payments of $2000 in perpetuity starting: a) one month from today b) one year from today
-
The amount of money that needs to be deposited into an account to reach some future goal is called the present value. The following table gives the present value (to the nearest dollar) for an...
-
A retailer has yearly sales of $900,000. Inventory on January 1 is $360,000 (at cost). During the year, $660,000 of merchandise (at cost) is purchased. The ending inventory is $325,000 (at cost)....
-
Develop a media plan that supports the planned marketing campaign. Include: a media budget, recommendations and rationale for the selected and integrated multi-media activities within the set budget...
-
What is the payoff on an average-rate pound call option against the dollar?
-
f'(x)= Find the derivative of f(x) = eb + b. Assume that b is a positive constant.
-
A company is conducting a phone survey of randomly selected individuals to determine the ages of social networking site users. So far, 975 social networking site users have been surveyed. The...
-
A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. a. What is its yield to maturity (YTM)? b. Assume that the yield to maturity remains constant for the...
-
Discuss/debate with your classmates about the early history of the criminal theory and its application to crime control i.e., Positivist School vs. Classical School, plus gender, class, and race as...
-
Cecil C. Seymour is a 64-year-old widower. He had income for 2022 as follows: The cost of the annuity was $46,800, and Cecil was expected to receive a total of 260 monthly payments of $450. Cecil has...
-
Sales increased from Year 1 (with sales of 800,000) to Year 2 (with sales of 900,000); The DOL (Degree of Operating Leverage) in Year 1 is 5.0 and EBIT in Year 2 is 81,250. What is the fixed cost? X...
-
A skyscraper has a mass of about 1.3010^8 kg and its center of mass is 147 m above the surrounding ground. How much gravitational potential energy (relative to the ground on which it is built) is...
-
ERP has been operating a large Platinum mine for many years. The company wants to acquire newly available equipment that will allow it to extract platinum ore from a currently inaccessible area of...
-
Reading material Raymond Frost, Alexa K. Fox & Judy Strauss (2019). Product: The Online Offer. E-Marketing , 9, 206 - 228. Raymond Frost, Alexa K. Fox & Judy Strauss (2019). Price: The Online Value....
-
Drawing on the session on sport marketing and the law, identify and discuss the various relevant legal issues in this scenario, including both tests and defenses, where applicable. What are the...
-
Compute the total depreciation allowances in respect of plant and machinery of Mr Cheung's business for the year of assessment 2010/11. Mr Cheung has not applied for application of s. 16G
-
On January 1, 2020, Goldman Corporation signed an eight-year capital lease on an office building requiring annual lease payments of $7,500, with the first payment due immediately. Annual lease...
-
The following processes constitute the air-standard Diesel cycle: 12: isentropic compression,23: constant-volume energy addition (T and P increase),34: constant-pressure energy addition (v...
-
The following table shows the Myers-Briggs personality preferences for a random sample of 519 people in the listed professions (Myers-Briggs Type Indicator Atlas of Type Tables, by Macdaid,...
-
The fan blades on commercial jet engines must be replaced when wear on these parts indicates too much variability to pass inspection. If a single fan blade broke during operation, it could severely...
-
The following is based on information taken from Bandelier Archaeological Excavation Project: Summer 1990 Excavations at Burnt Mesa Pueblo and Casa del Rito, edited by T. A. Kohler (Washington State...
-
When managers use offers of rewards and threats of punishments to try to get others to do what they want them to do, they are using which type of power? (a) formal authority (b) position (c) referent...
-
In the research on leader behaviors, which style of leadership describes the preferred high-high combination? (a) transformational (b) transactional (c) laissez-faire (d) democratic
-
How is a person with an authoritarian personality expected to act? (a) Strong tendency to obey orders. (b) Challenges the authority of others. (c) Tries to play down status differences. (d) Always...
Study smarter with the SolutionInn App