A buyer had an inventory of $93,000 on August 1 and a planned EOM stock of $120,000. Planned sales for the department were $65,000, and planned markdowns for the month were $5,690. As of August 1, the...

A buyer had an inventory of $93,000 on August<br>1 and a planned EOM stock of $120,000.<br>Planned sales for the department were $65,000,<br>and planned markdowns for the month were<br>$5,690. As of August 1, the buyer had<br>merchandise on order of $32,000 at retail to be<br>delivered during the month. Planned initial<br>markup was 48.5%. Calculate the buyer's OTB at<br>cost as of August 1.<br>а. $33,830.35<br>b. $65,690.00<br>c. $11,690.00<br>d. $19,925<br>e. $38,690.00<br>

Extracted text: A buyer had an inventory of $93,000 on August 1 and a planned EOM stock of $120,000. Planned sales for the department were $65,000, and planned markdowns for the month were $5,690. As of August 1, the buyer had merchandise on order of $32,000 at retail to be delivered during the month. Planned initial markup was 48.5%. Calculate the buyer's OTB at cost as of August 1. а. $33,830.35 b. $65,690.00 c. $11,690.00 d. $19,925 e. $38,690.00

Jun 11, 2022

SOLUTION.PDF

A buyer had an inventory of $93,000 on August 1 and a planned EOM stock of $120,000. Planned sales for the department were $65,000, and planned markdowns for the month were $5,690. As of August 1, the...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment