In determining open-to-buy, what is subtracted from planned purchases?O On handOn orderEOM stockBOM stockQuestion 37Your department is planning a 10 percent increase in sales for the entire three-month period (February-April). Sales for the period last year were $19,000. Fiftypercent of the total planned sales are projected to occur in March, and 25 percent ofsales are planned to occur in each of the other two months. Planned stock-sales ratiofor each month is 2.0. Total planned reductions for the period are 5 percent ofplanned sales. Reductions are projected to occur for each month as follows: February(10 percent), March (40 percent), and April (50 percent). An ending inventory of$5,000 is planned for the period. PLANNED PURCHASES FOR FEBRUARY ARE:O $24,200O $15.779O None (overbought).$10.895.50

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In determining open-to-buy, what is subtracted from planned purchases? On hand On order EOM stock BOM stock

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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