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 |
Homework Answers
We would use the following formulas:
Basic Stock= Average Stock for the Season - Average Monthly Sales for the Season
where
Average Monthly Sales for the Season = Total Planned Sales for the Season / Number of months in the Season
Average Stock for the Season = Total Planned Sales for the Season / Estimated Inventory Turnover Rate for the Season
Beginning of the Month (BOM) stock = Planned Monthly Sales + Basic Stock
Fall Season is generally for 1 months:
thus Average Monthly Sales for the Season =
2345698/1= 2345698
Average Stock for the Season = 2345698/1.6 =
1466061.25
thus Basic Stock = 1466061.25 - 2345698 =-879636.75
Thus September BOM Stock : Planned Monthly Sales (324,643) +
Basic Stock (-879636.75 rounding off)
: 324,643+(- 879636.75)= -554993.75
ANS: None of the above
Add Answer to:
Sales are planned for a department at $2,345,698 for the Fall
season. The seasonal turnover objective...
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.
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.
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.
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
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
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.
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 women’s shoe department reported the following plans for November: Planned Sales.. $72,000 Planned BOM.. $89,000...
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.
D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried...
D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried. $470,000 O $468,000 O $469,300o o $455,510
D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried. $470,000...
D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried. $470,000 O $468,000 O $469,300o o $455,510
D Question 1 2 pts The electronic department of a store has average weekly sales of $72,200 and a planned turnover of 4.0 for the period of six-months. Calculate the amount of stock to be carried. $470,000...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago