Making Buying Decisions

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ISBN: 9780827367975 | 082736797X
Cover: Paperback
Copyright: 1/1/1996

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This practical workbook uses computerized spreadsheets to teach mathematical concepts related to retail buying. Exercises help the reader use the computers to formulize and test complete buying strategies. Includes computerized buying simulation software.ALSO AVAILABLE INSTRUCTOR SUPPLEMENTS CALL CUSTOMER SUPPORT TO ORDERInstructor's Guide, 0-8273-6798-8

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Introduction, USING COMPUTERIZED SPREADSHEETS
Basic Computer Operations
Input Data and Interpret Computer Output
INDIVIDUAL MARKUPS
Calculate Retail Price
Calculate Desired Cost
Calculate Individual Markup Percent
Calculate retail price, cost, and markup percentages based on cost
INITIAL MARKUPS
Calculate initial markup percent
Calculate required sales
Calculate estimated profit
CUMULATIVE MARKUP
Calculate cumulative markup percent
Calculate markup needed on new purchases
MARKDOWNS AND MARKDOWN CANCELLATIONS
Calculate total dollar markdowns
Calculate markdown percentage
Calculate off-retail percentage
Calculate markdown cancellations
MAINTAINED MARKUPS
Calculate maintained markups
INVENTORY PLANNING
Calculate average inventory and stock turnover
Calculate required sales
Calculate stock-sales ratio and planned sales
PLANNING PURCHASES
Calculate planned sales
Calculate planned stock levels
Develop a six-month buying plan
PLANNING ASSORTMENTS
Calculate assortments of merchandise to be purchased
PURCHASE ORDERS
Calculate cost and retail extensions with markup percentages
OPEN-TO-BUY
Calulate open-to-buy
OPERATING RESULTS
Calculate profit and loss
Appendix A: Glossary
Appendix B: Basic Retail Math Formulas
Appendix C: Detailed Instructions for Using the Spreadsheet Software

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Making Buying Decisions

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