What is the Open to Buy for February? Planned Sales: $350,000 Employee Discount: 2% MD $:...
What is the Open to Buy for February?
Planned Sales: $350,000
Employee Discount: 2%
MD $: $52,500
Shortage: .015%
EOM: $300,000
BOM: $300,000
Monthly On Order: $87,500
Homework Answers
| Particulars | Amount $ | |
| Sales | 350,000 | |
| add | ||
| MD | 525,000 | |
| EOM | 300,000 | |
| less | ||
| BOM | 300,000 | |
| Open to buy | 875,000 | |
note ;
open to buy is a technique to budget how much goods they wanted to order to meet thier current sale plan . it is also depentend on inventory on opening and closing
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What is the Open to Buy for February?
Planned Sales: $350,000
Employee Discount: 2%
MD $:...
Calculate the remaining open to buy balance. February BOM $1,060 February Sales $550 February MDs $248...
Calculate the remaining open to buy balance. February BOM $1,060 February Sales $550 February MDs $248 February receipts on order $875 March BOM $1,340 Feb BOM Feb Sales Feb MD March BOM Mar OTB Feb Receipts OTB Balance $1,060 $550 $248 $1,340 $875
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2. Find the planned June open-to-buy dollars for the activewear department if: a. June sales $135,050 (2 points) -OTB= Plannec sales + Planned mark downst Planned EOM Inventory- Planned BOM Inventory - Markdown'7 = Markdown dollars / Sales -Markdown dollars-Sales x Markdlown) June markdowns are 42.0% June BOM is $519,425 July BOM is $415,540 b. If orders have been placed for June in the amount of $93,900 at retail, is there a balance left to spend and by how much?...
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6. An open-to-buy report was prepared on August 5 for a linen de partment. The following information was provided: August BOM $316,000 August EOM $325,000 August sales $152,000 August markdowns $ 31,450 August 1-5 purchases received $ 46,000 August outstanding orders $187,000 Determine August OTB. The amount of merchandise on order indicates that the buyer will be over the planned BOM stock plan for September 1. What are some steps a buyer can take to resolve this situation and still...
5. An open-to-buy report was prepared on January 15. The following information was provided: January BOM...
5. An open-to-buy report was prepared on January 15. The following information was provided: January BOM January EOM January sales January markdowns January 5-12 purchases received January outstanding orders Determine the January ОTB. $ 86,000 $104,000 $ 52,000 $ 10,500 $ 11,000 $ 6,000 With the amount of merchandise on order, and noting that this open to buy has been prepared on the 15th, what concerns might a buyer face after reviewing these figures?
Billing When Mr. Harris receives a delivery advice he matches them with the open sales orders and...
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2-6% each part Suppose we have opened a catfish hot dog stand at the mall which will be open 4 hours per day. We are test marketing our sales at various prices to attempt to determine the best p...
2-6% each part Suppose we have opened a catfish hot dog stand at the mall which will be open 4 hours per day. We are test marketing our sales at various prices to attempt to determine the best price we should use for our catfish hot dogs. So, let: Price of the Number of y hot dogs $1.50 $3.00 $4.00 hot dogs sold 182 118 39 Notice that we have put these variables in the same order that we did...
QUESTION 1 Jennell the car sales rep asks, "What style, size and features are you looking...
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What is the issue regarding the marketable securities as per below highlighted in red on Exhibit...
What is the issue regarding the marketable securities as per
below highlighted in red on Exhibit 2?
See the below information regarding the issue
ADVANCED HOME APPLIANCES INCOME STATEMENT For the year ended December 31 (unaudited) 2020 Sales Cost of sales Gross profit $2,775,990 1.499,035 1,276,955 Expenses Amortization Advanced and administrative Marketing and sales Office Expense Wages and benefits, administration Total operating expenses 155,490 534,500 459,704 395,980 515,000 $1,905,184 Operating income (loss) $ (628,229) Gain (losses) on marketable securities Impairment...
Questions: 1. What trends are happening as it relates to consumer retail purchases, online vs. in-store?...
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2. Find the planned June open-to-buy dollars for the activewear department if: a. June sales $135,050 (2 points) -OTB= Plannec sales + Planned mark downst Planned EOM Inventory- Planned BOM Inventory - Markdown'7 = Markdown dollars / Sales -Markdown dollars-Sales x Markdlown) June markdowns are 42.0% June BOM is $519,425 July BOM is $415,540 b. If orders have been placed for June in the amount of $93,900 at retail, is there a balance left to spend and by how much?...
6. An open-to-buy report was prepared on August 5 for a linen de partment. The following information was provided: August BOM $316,000 August EOM $325,000 August sales $152,000 August markdowns $ 31,450 August 1-5 purchases received $ 46,000 August outstanding orders $187,000 Determine August OTB. The amount of merchandise on order indicates that the buyer will be over the planned BOM stock plan for September 1. What are some steps a buyer can take to resolve this situation and still...
5. An open-to-buy report was prepared on January 15. The following information was provided: January BOM January EOM January sales January markdowns January 5-12 purchases received January outstanding orders Determine the January ОTB. $ 86,000 $104,000 $ 52,000 $ 10,500 $ 11,000 $ 6,000 With the amount of merchandise on order, and noting that this open to buy has been prepared on the 15th, what concerns might a buyer face after reviewing these figures?
2-6% each part Suppose we have opened a catfish hot dog stand at the mall which will be open 4 hours per day. We are test marketing our sales at various prices to attempt to determine the best price we should use for our catfish hot dogs. So, let: Price of the Number of y hot dogs $1.50 $3.00 $4.00 hot dogs sold 182 118 39 Notice that we have put these variables in the same order that we did...
What is the issue regarding the marketable securities as per
below highlighted in red on Exhibit 2?
See the below information regarding the issue
ADVANCED HOME APPLIANCES INCOME STATEMENT For the year ended December 31 (unaudited) 2020 Sales Cost of sales Gross profit $2,775,990 1.499,035 1,276,955 Expenses Amortization Advanced and administrative Marketing and sales Office Expense Wages and benefits, administration Total operating expenses 155,490 534,500 459,704 395,980 515,000 $1,905,184 Operating income (loss) $ (628,229) Gain (losses) on marketable securities Impairment...
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