HUEC 3043 : Test 2 Cheatsheet
Document Summary
Initial markup = expenses + profit + reduc + alt - cash dis. Initial markup% = gross margin% + retail reduction% Initial markup% = margin + reductions. Initial markup% = gm% + alt cost% - cash disc earned% + retail redu% Mmu% = initial mu% - retail reductions% * (100% - initial mu%) Mmu% = net sales cost of goods sold. Book inventory = total merch handled total retail reductions. Shrink/overage $ = book inv physical inv. Estimated physical inventory = book inventory estimated shrink. Estimated shortage$ = estimated shortage % * planned net sales. Estimated physical inventory = shortage % * planned net sales. Avg retail stock = sum of bom + eom (for given period) Stock-sales ration = retail stock at a given time in the period sales for that period. Bom stock = planned monthly sales * stock-sales ratio. Planned stock = avg weekly sales * number of weeks supply.
