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The gross margin for the handbag department for the year was $300,000 and net sales were $775,000. What was the gross margin percentage (rate) achieved in the handbag department?

From the list of actions that occur in a retail operation, select whether that action INCREASES or DECREASES the inventory level of the store (or distribution center in the case of e-commerce).

Given the following, calculate GMROI: Gross Margin = $400,000 Average Inventory at Cost = $85,000

Given the following figures, determine turnover: Net Sales for 6-month season: $826,900 Average Stock for the 6-month season: $350,000 

The tests (exams) in Retail Merchandising are taken on your own laptop or computer at a place of your choice (with good internet).

In AU24, Retail Merchandising 1 meets

Merchandise On Hand (OH) and Merchandise On Order (OO) are considered items that you

Which ONE of these statements is true?

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 RETAIL            

In a 6-month plan, if planned sales are $4,575,000, what are the planned average monthly sales?