Planned Sales for the month of August are $75,600. Additiona…

Planned Sales for the month of August are $75,600. Additionally, the following figures are planned: BOM stock (August 1): $180,000 Reductions for August: $8,000 EOM stock for August: $165,000 Merchandise On Order as of August 1 is $10,000.   What is the Open to Buy (OTB) as of August 1?

A buyer has inventory with the following figures:           …

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: (A) Cumulative markup percentage (CMU) and (B) COST PERCENT on total merchandise handled