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.
Average monthly sales = 102,000/6 months = 17,000
Average inventory = 102,000/2 = 51,000
November BOM = (51,000-17,000)+ Nov planned sales 26,000
= 34,000 + 26,000
= 60,000
The small leather goods department had planned the following figures for the Fall season: Planned total sales for season...
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
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
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.
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
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.
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
please show calulations 3. The children's department had the following figures for October: Planned sales $500,000 Planned reductions $5,000 Planned stock, October 1 $850,000 Planned stock, November 1 $630,000 Outstanding orders Planned markup $200,000 51.8% (a) Determine the planned October purchases at retail for the children's department (b) What is the October OTB at cost?
A women’s shoe department reported the following plans for November: Planned Sales.. $72,000 Planned BOM.. $89,000 Planned Reductions.. $4,000 Planned EOM.. $68,000 Stock on Order (@ Cost).. $13,500 IMU%.. 45% Calculate the buyer’s open to buy (OTB) at cost.
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 $...
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.