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Determine the planned purchases for the gift shop

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Reference no: EM132967208

Question - Stock Calculation: Do the following merchandise plan calculations for Granny's Gift Shop:

1. Last March the shop had sales of $4,200. The owner's goal is to increase sales by 7 percent. What would be the planned sales for this March?

2. Last year's stock-to-sales ratio for March was 1.5:1. What should be the BOM stock figure for this March?

3. The owner would like to cut planned reductions by 5 percent this year. If last Year's reductions for the month were $500, what would be this year's target figure?

4. With the figures already given or calculated and an EOM stock figure of $5,000 for March, determine the planned purchases for the gift shop.

Reference no: EM132967208

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