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Submit responses to questions below and receive 5 Extra Credit points (1 pt per question).
A buyer’s sales for October are estimated at $15,000. Her stock on October 1 is $38,000, and she has $11,000 stock at retail on order for the month. Markdowns are planned at 8% for the month, and the planned EOM stock is $40,000. Determine the OTB on October 1.
March figures for the junior sportswear department are as follows:
Planned sales $86,000
Planned markdowns 2,500
Planned BOM stock 180,000
Planned EOM stock 190,000
Outstanding orders 64,000
Planned markup 51%
Calculate OTB at retail and at cost.
Determine the buyer’s OTB as of November 14 using the following information:
Planned sales for November $40,000
Actual sales, November 1-14 18,500
Stock on hand, November 14 65,000
Planned stock, December 1 50,000
Planned markdowns for the month 3,000
Actual markdowns, November 1-14 1,000
Stock on order, November 14 10,000
The Men’s Buyer has June sales of $890,000 and June markdowns of $338,000. June BOM is $2,100,000 and July BOM is $1,750,000. The on order for June is $940,000. Calculate the remaining open-to-buy for June.
Find the OTB balance for December when on December 10 the stock-on-hand is $265,000 and the planned sales for the balance of the month are $101,000. Markdowns are planned at $31,000, and planned inventory for December 31 is $150,000, with outstanding orders totaling $21,500.
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