Question

The Box Stop Shop, which sells unique gift items, plans to open a new division on November 1 with $85,000 of stock. Planned sales are $56,000 with markdowns at $1,000 only and an ending stock figure of $103,000. As of October 14, $36,000 of merchandise is on order. As the owner prepares for a trip to market, what is the OTB for November? (Open to Buy)

Answer 1

Particulars	Amount
Ending stock figure	$103000
Add (sales - markdown)	$55000
Total	$158000
Less existing stock	($85000)
Planned purchase	$73000
Less - outstanding order	($36000)
OTB	$37000

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