Author Question: Planned purchases at retail are 50,000 and the markup percentage is 45 of retail. What is the ... (Read 132 times)

asmith134 · **on:** Jun 29, 2018

Planned purchases at retail are 50,000 and the markup percentage is 45 of retail. What is the correct planned purchases at cost figure?
a. 22,500
b. 11,111
c. 25,000
d. 77,500
e. 27,500

Question 2

Planned purchases at retail is equal to:
a. planned sales and planned reductions and BOM inventory minus planned EOM inventory.
b. planned sales and planned EOM inventory minus planned reductions and BOM inventory.
c. planned sales minus planned reductions, planned EOM inventory, and one-half BOM inventory.
d. planned sales, planned reductions, and planned EOM inventory minus BOM inventory.
e. planned sales plus planned reductions.