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OSU BA 495 - Quiz BA 495

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Given the following informationPlanned total sales for the Period $100,000Planned Initial Markup Percentage for the period 60%Quiz May 9th Name _____________________Given the following informationPlanned total sales for the Period $100,000Planned Initial Markup Percentage for the period 60%Planned BOM Stock for November $150,000Three Month Merchandise Budget August September October TotalPlanned BOM Stock 120000 120000 100000 Planned Sales 40000 20000 100000Planned Retail Reductions 2000 4000 3000 Planned EOM Stock 120000 100000 Planned Purchases @ retail 42000 24000 73000 Planned Purchases @ cost 16800 29200 Planned Initial Markup 25200 14400 43800 Planned Gross Margin 23200 10400 40800 Planned BOM Stock/Sales Ratio 3 5 Planned Sales % 40% 40% 20% Planned reduction % 5% 10% 15% 1. What are the planned sales for August?2. What is the stock/sales ratio for September?3. What is the EOM stock for October?4. What are the planned purchases at cost for September?5. Name one of the children of your favorite Marketing Professorplanned sales for the month = (planned sales percentage for the month)*(planned total sales)planned BOM stock for the month. There are three methods we will deal with: 1. the stock-to-sales method. The planned BOM stock for the month = (planned sales for the month)*(planned BOM Stock-to-Sales Ratio for the month) 2. the basic stock method. The planned BOM stock for the month = basic stock + planned monthly sales. Where the basic stock = average stock for the season - average monthly sales for the season3. the percentage variation method. The planned BOM stock for the month = (average stock for season)*(1/2)[1+(planned sales for the month/average monthly sales)]planned retail reductions for the month = (planned sales for the month)*(planned retailreduction percentage for the month)planned EOM stock for the month = (planned BOM stock for the following month) planned purchases at retail for the month = (planned sales for the month) + (planned retail reductions for the month) + (planned EOM stock for the month) - (planned BOM stock for the month) planned purchases at cost for the month = (planned purchases at retail for the month) *(100% - planned initial mark up percentage) planned initial markup for the month = (planned purchases at retail for the month) - (planned purchases at cost for the month)planned gross margin for the month = (planned initial markup for the month) - (planned retail reductions for the


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OSU BA 495 - Quiz BA 495

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