Question

Tory Burch is in the process of estimating sales figures for their Nolita store location for...

Tory Burch is in the process of estimating sales figures for their Nolita store location for their upcoming season. They have estimated based on pass sales that they will have an overall total sales increase of 15%. Based upon this information, fill in the chart below and calculate Planned Monthly Sales (which accounts for the 15% increase). ROUND TO THE NEAREST WHOLE NUMBER.

Last year's sales = $107,000

Planned % of Total

Planned Total Sales

Planned Monthly Sales

February

9%

March

10.5%

April

12 %

May

12.8 %

June

11 %

July

11.5 %

5. Based upon the Planned Monthly Sales you just calculated, fill in the chart below and calculate the Planned Monthly BOM Inventory. ROUND TO THE NEAREST WHOLE NUMBER.

Stock-to-Sales Ratio

Planned Monthly Sales(From question #4)

Planned Monthly BOM Inventory

February

2.8

March

3.2

April

4.5

May

4.0

June

3.5

July

11.5

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Answer #1

Total Planned sales=

107000*(1.15) = 123,050

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