Calculate the buyers OTB at COST

Assignment Help Financial Accounting

Reference no: EM13793802

A buyer had an inventory of $45,000 on June 1 and a planned EOM stock of $51,000. Planned sales for the department were $39,000 and planned markdowns for the month were $3200. As of June 1, the buyer had merchandise onorder of $10,000 at retail to be delivered during the month. Planned initial mark up was 48%. Calculate the buyers OTB at COST as of June 1.

Reference no: EM13793802

Questions Cloud

Should schools offer fast food options like mcdonalds : Write an argumentative essay about Should schools offer fast food options like McDonald's or Taco Bell?

Small-business opportunities with the navy : Imagine that you are the owner of a small floor refinishing business that provides a specialty coating product for ceramic tile and marble floors.

Commerce clause of the us constitution : Does the federal government have the right to ban marijuana under the Commerce Clause of the U.S. Constitution?

Explain nonproduction costs : Competitors often want to know the cost of a competing product. For a price, a company called Supply will disassemble sophisticated electronics and tell you what it would cost to replicate the product. Explain nonproduction costs (research, design, m..

Calculate the buyers OTB at COST : A buyer had an inventory of $45,000 on June 1 and a planned EOM stock of $51,000. Planned sales for the department were $39,000 and planned markdowns for the month were $3200. As of June 1, the buyer had merchandise onorder of $10,000 at retail to be..

Physical inventory : Net sales for the junior department in March were $128,480. Book inventory at the end of the month showed $427,831 should be on hand. Physical inventory showed $497,997. Determine shortage or overage percent.

Create a hypothetical personal opinion article : Select one of these topics for this assignment and create a hypothetical personal opinion article (op-ed) for your local newspaper. In this op-ed, you must take a position supporting or opposing the issue you select

Find the tax rate of assessed valuation : Vonte Canyon, Arizona (a fictitious city) has a new budget of $89,895,000 to pay for police, fire, schools, and government, among other expenses. The total assessed valuation (based on 60% of market value) in the city is $7,899,023,000. Find the tax ..

Explain customer-perceived value : Explain customer-perceived value

User Account

All Pages