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merch chap 7

QuestionAnswer
(book value) BV formula total merchandise - total retail
total merchandise handled (TMHr) open inventory + net purchases + net transfers + net price reductions + aditional markup
total retail DEduction (TRD) net sales + net MD + employee discount % + customer discount
net purchase formula (np) gross purchases - return to vendor (RTV)
net transfers formula (nt) transfers in - transfers out
net sales formula (ns) gross sales - customer returns
net MD formula (mmd) total markdown - markdown cancelations
actual shortage S(o) $ formula physical inventory - closing BV
shortage %. S(o) % formula shortage $ / net sales
overage % overage $ / net sales
shortage (or overage) $ S(o)$ net sales x shortage (or overage) %
estimated shortage $ formula net sales x estimated shortage
estimated physical inventory formula BV - estimated shortage $ or BV - estimated overage $
cost % formula TMH at cost / TMH at retail (cost $ / retail $)
gross cost of goods sold formula TMH at cost - cost value of closing inventory
total cost of goods sold formula gross cost of goods sold - cash discounts + alteration/ workroom costs
cost value closing inventory Cost of BV = BV (at retail) x Cost % Cost of Estimated Inventory = Estimated Inventory (at retail) x Cost % Cost of Physical Inventory = Physical Inventory (at retail) x Cost %
total cost of goods sold Total Cost of Goods Sold = Gross Cost of Goods Sold – Cash Discounts + Alteration/Workroom Costs
gross margin (GM) $ Gross Margin $ = NS – Total C.o.G.S.
gross margin % GM % = GM $ / NS
Cumulative markup $ CMU$ =TMH at Retail – TMH at Cost
Cumulative markup % CMU $ / TMH at Retail
Maintained markup $ (MMU) NS – Gross C.o.G.S
Maintained markup % (MMU) MMU $ / NS
GMROI $ GM $ / Average Inventory at Cost
GMROI % (GM % x Turnover) / (100% - MU %)
Created by: RaeganWiese00
 

 



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