Reference no: EM132736114

Question - Price Fixing Convictions have forced a major New York garment manufacturer to liquidate their entire inventory at ridiculously low prices. Soleon's buyer needs to know her open-to-buy in order to decide how much she can invest to take advantage of this opportunity. In order to figure out her OTB, the buyer needs to conduct the following calculations.

1) From their six month merchandising plan, she finds planned sales for Feb. are $407,600.00. The BOM stock was $397,000.00. The EOM stock and reductions are planned at $349,000.00 and $42,800.00, respectively. What are the planned purchases (R) for Feb.?

2) As of Feb.18th, actual sales and reductions for Feb. are recorded at $213,600.00 and $16,700.00, respectively. The records show a retail book inventory of $216,700.00 for that date. Based upon the information given in 1) and 2), calculate the retail value of all merchandise received (i.e., actual purchases already made and received) in Feb. to date?

3) Calculate the buyer's open-to-buy at retail for the remaining dates of Feb. provided that she has $123,700.00 worth of merchandise on order?