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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?

For a Department with the following figures:                                                                             RETAIL                                       Closing Book Inventory May 31                    $136,500 Physical Inventory on May 31                       $125,000 Net Sales for May                                           $300,000   Find: (A) Opening Inventory used in RIM for June 1 and (B) SHORTAGE PERCENT for May

RIM is

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