Market and needs to compute the open-to-buy

Reference no: EM13335875

A buyer’s is going to market and needs to compute the open-to-buy. The relevant data are as follows: planned stock at the end of March $319,999 (at retail price); planned March sales $149,999; current stock on hand (March 1), $274,000; merchandise on order for delivery, $17,000; planned reductions, $11,000. What is the buyer’s open-to-buy?

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Reference no: EM13335875

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