ZuoTi.Pro
Question

Calculate the basic stock given the following: Total planned sales of $88,678 for the spring season...

Calculate the basic stock given the following: Total planned sales of $88,678 for the spring season with a planned turnover of 1.98.  March sales are planned at $6,777. Using the basic stock method, what should the March BOM be?

$23,230

$36,784

$66,343

$51,564

None of the above
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Basic stock - Average Inventory -Avuage sales Avuage stock - Total sales stock turnover $44787 $ 8 8 678 1.98 Total sales Avez

0 0
Add a comment
Know the answer?
Add Answer to:
Calculate the basic stock given the following: Total planned sales of $88,678 for the spring season...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The small leather goods department had planned the following figures for the Fall season: Planned total sales for season...

    The small leather goods department had planned the following figures for the Fall season: Planned total sales for season:                $102,000 Planned turnover for season:                       2.0 Planned sales for November:                  $26,000 Calculate the November BOM figure for this department using the basic stock method.

  • The following stock and sales plans are available for the spring season. In addition to the...

    The following stock and sales plans are available for the spring season. In addition to the information given below, you know that the February BOM is planned for $282,345. Month                                          Sales               EOM Stock February                                      $110,984         $289,532 March                                                  199,999             344,771 April                                                      145,672           354,678 May                                                       201,322           466,421 June                                                       442,982           301,254 July                                                          99,873           199,234 What is the turnover for the first quarter? 1.44 1.55 2.44 The answer cannot be calculated from the information given. None of the above is correct.

  • Sales are planned for a department at $2,345,698 for the Fall season. The seasonal turnover objective...

    Sales are planned for a department at $2,345,698 for the Fall season. The seasonal turnover objective is 1.6.  Calculate the BOM stock for the month of September if sales are planned at $324,643 and the basic stock method is used. $875,727 $1,274,495 $987,333 $2,345,698 None of the above

  • 4.         Sales are planned for a department at $2,345,698 for the Fall season. The seasonal turnover...

    4.         Sales are planned for a department at $2,345,698 for the Fall season. The seasonal turnover objective is 1.6. Calculate the BOM stock for the months of August, September and December if sales are planned at $199,384, $342,643, and $703,709 respectively and the basic stock method is used. August BOM Stock: September BOM Stock: December BOM Stock: please show your work, thank you

  • The men’s pant department has Fall season planned sales of $1,458,000 and a planned seasonal turnover...

    The men’s pant department has Fall season planned sales of $1,458,000 and a planned seasonal turnover of 1.08. October sales are planned at $242,900. Calculate the amount of stock to be carried for October using the basic stock method.

  • 17. The stationery and greeting cards department was given the following data to use in developing...

    17. The stationery and greeting cards department was given the following data to use in developing a merchandise plan for the spring season (3 months season): Planned sales for the season $120,000 April 30 inventory 80,000 Initial markup percent 53.5% % of Season’s BOM Stock Sales Markdowns Month Sales Ratio % February 42% 2.9 12% March 33% 3.4 15% April 25% 3.5 17% Calculate: (a) Monthly planned sales (b) BOM stocks (c) Monthly markdowns $ (d) Season total markdown $...

  • A department has a total sales plan for the fall season of $346,799. The inventory turnover...

    A department has a total sales plan for the fall season of $346,799. The inventory turnover is planned at 2.01 for the season. What is the department’s average inventory? $697,066 $172,537 Same as the turnover, 2.01 Same as the sales plan, $346,799 None of the above

  • Calculate the turnover for the men’s tie department for the Fall season if sales are planned...

    Calculate the turnover for the men’s tie department for the Fall season if sales are planned at $215,800 and the average inventory is $189,180.

  • How do I calculate the following: Sales and MD Planning Spring 2020 All sales are in...

    How do I calculate the following: Sales and MD Planning Spring 2020 All sales are in millions Sales provided are based on Spring 2019 due to the pandemic Apparel- Seasonal Planned Sales % change 2.15% TY Sales $ LY Sales $ TY Sales % To Total Season LY Sales % To Total Season % Change MD % TY MD $ TY MD % LY MD $ LY Feb $998.5 29.2% March $1,135.6 34.6% April $1,057.9 44.0% May $2,245.7 68.9% June...

  • Handbag sales for April are $3,240,000, which represents 18% of the total season. Calculate the total...

    Handbag sales for April are $3,240,000, which represents 18% of the total season. Calculate the total spring sales for handbags if the percentages of monthly sales are as follows: February 14.5% May 22.2% March 20.0% June 15.5% April 18.0% July 9.8%

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT