Author: Anonymous

A buyer has inventory with the following figures:                                                    COST                                         RETAIL                                       Opening Inventory               $30,000                                     $62,000 Purchases                             $25,000                                      $70,000 Net Transfers OUT               $10,000                                     $21,000   Find: TOTAL  Merchandise Handled at COST                      

Gross margin results from?

These expenses would exist and wouldn’t change regardless of whether a specific department is added or discontinued.

A “skeletal statement” can also be known as

Unless you have an accommodation, you have __ to take the tests in Retail Merchandising 1.

Given the following figures:   Net Sales:   $275,000 Turnover:         2.5 Find planned average stock for the period

Total Retail Deductions (TRD), used in RIM, are:

Total Merchandise Handled @ Cost – Closing Book Inventory @ Cost =

Which is more accurate?

A store has sold 100 tee shirts at $24.00 and 250 tee shirts at $30.00. The total gross sales are?