Baileys menswear big and tall

Reference no: EM13331980

Assignment 2: Bailey's Menswear Big and Tall

Create a P&L statement for a buyer of Bailey's Menswear Big and Tall in lower Manhattan. He has achieved a planned initial markup percentage of 48.5 percent on sales of $655,500 in June. The markdowns amounted to $15,450 and expenses were fixed at $285,000. The combination of these factors has resulted in a profit of 2.7 percent for the month of June. However toward the end of the month, sales begin to drop and the buyer becomes anxious about July sales slacking off even further.

Create another P&L statement to calculate the effect on the net profit if sales slack off 8 percent and the buyer maintains the same MU% and his expenses are fixed at the June level.

Complete these two P&L statements both in dollars and percentages, and discuss the effect that the drop in sales will have on the net profit. What plan of action would you suggest to boost lagging sales before the month of July begins?

Reference no: EM13331980

Questions Cloud

Represent the encryption of plaintext : Let DES(x, K) represent the encryption of plaintext x with key K using the DES cryptosystem. Suppose y = DES(x, K) and y' = DES(c(x), c(K)), where c(·) denotes the bitwise complement of its argument

Compute the power dissipated by the circuit : An RLC circuit has a 400 ohms resistance a 2.5 mH inductor and a capacitor. what is the power dissipated by the circuit

What is the impedance of this circuit at resonance : A series of RLC circuit has R=200 ohms, L=40.0mH and C=120pF. What is the impedance of this circuit at resonance

What is the temperature of the pluto atmosphere : The pluto atmosphere has carbon monoxide in it. CO has a rotational constant of 1.73 cm-1. What is the temperature of the Pluto atmosphere

Baileys menswear big and tall : Create a P&L statement for a buyer of Bailey's Menswear Big and Tall in lower Manhattan. He has achieved a planned initial markup percentage of 48.5 percent on sales of $655,500 in June.

Find the work done by the force on the particle : Find the work done by the force on the particle as it moves across the following distances, from x = 0 m to x = 4.00 m

Impact the quality of care and education : Impact the quality of care and education within the program, we shall inform the program's administration or, when necessary, other appropriate authorities.

Opposite of every great idea is another great idea : cWhy is the phrase "The opposite of every great idea is another great idea" be considered an example of a contradiction? Please be specific with your answer.

Group incentive plan-tied to work standards for whole team : What do members receive when incentives are based on a group incentive plan and tied to work standards for the whole team? Name five methods for determining what each team member is paid.

User Account

All Pages