Blog

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?

GMROI stands for

Turnover is

Given the following figures: Average Stock:  $400,000 Average Sales:   $275,000 Turnover:         2.5   What is Basic Stock?       

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?

If last year’s actual sales were $384,000.00 and planned sales for this year are expected to increase 5.75%, what is the planned sales figure (dollar) for this year?

The Cost Percent