Which of the following figures is NOT found on a six-month merchandise budget?
a. Planned sales percentage
b. Planned retail purchases
c. Inventory depreciation
d. Planned gross margin dollars
e. Planned EOM stock
Question 2
All of the following are requirements for a merchandise budget EXCEPT:
a. the budget should be prepared in advance of the selling season.
b. the language in the budget must be easy to understand.
c. the budget must plan for a relatively short period of time.
d. the budget should always seek to increase the planned gross margin over the actual gross margin from the previous season.
e. the budget should be flexible.
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