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Math for Merchandising: A Step-By-Step Approach

by: Moore, Evelyn C.

Math for Merchandising: A Step-By-Step Approach

by: Moore, Evelyn C.

ISBN 13:
9780130182029
ISBN 10:
0130182028
Edition: 2nd
Format: Paperback
Copyright: 01/01/2002
Publisher: Pearson College Div
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Summary

For Merchandising Math and Buying courses offered by Junior Colleges and Vocational Schools. This book provides a practical application of the skills necessary to a merchandising career. Beginning with the fundamentals of working with numbers, it moves into the skills needed to communicate words and thoughts into calculators or computers as a means of translating business needs into clear mathematical answers.

PART I Introduction

(36)

Using Your Workbook and Calculator

(6)

Using Your Workbook

(1)

Using Your Calculator

(5)

Common Operating Keys for a Basic Calculator

(1)

Basic Keys

(1)

Decimal Point

(1)

Percent Key

(4)

Percentages

(28)

Using Percents

(1)

Basic Math Skills

(7)

Fractions and Decimals

(2)

Dozens

(2)

Rounding

(1)

Working with Percents

(2)

Helpful Hints

(8)

Applying Percents to Merchandising Concepts

(9)

Using Percents to Analyze, Compare, and Set Direction

(3)

PART II Purchasing Concepts

(32)

Purchasing Product: The Terms, Conditions, and Forms Used for Buying Merchandise

(30)

Terms and Conditions

(1)

Price of the Product

(1)

Payment Terms

(1)

Shipping Terms

(1)

Forms

(13)

Purchase Orders

(4)

Invoices

(2)

Return-to-Vendor Forms

(5)

Negotiating

(16)

Price of the Product

(57)

List Price

Dating and Payment Terms

(4)

Shipping Terms

(8)

PART III Pricing and Repricing Merchandise

(66)

Individual Markup and Initial Markup

(30)

Principles of Markup

(30)

Formulas and T-Chart Grids

(1)

Finding the Specific Dollar Amounts

(2)

Finding Percents

(2)

Finding Total Dollar Amounts

(21)

Average, Cumulative, and Maintained Markup

101

(20)

Average Markup

102

(19)

Cumulative Markup

107

(3)

Maintained Markup

110

(11)

Markdowns

121

(14)

Traditional Markdown

122

(1)

Promotional Discount Markdown Reductions

123

(1)

Employee Discounts

123

(7)

Merchandise Planning

130

(5)

PART IV Merchandise Planning

135

(92)

Elements of a Six-Month Merchandising Plan

137

(10)

Purpose of a Six-Month Plan

137

(3)

Elements of a Six-Month Plan

140

(7)

Analyzing Last Year's Merchandising Plan

147

(18)

Analyze Sales

147

(1)

Evaluate Stock

148

(1)

Evaluate Markdowns

148

(1)

Evaluate Purchases at Retail

149

(1)

Evaluate Purchases at Cost

149

(1)

Measure Average Stock and Turnover

149

(1)

Using a Six-Month Plan

150

(15)

Analysis and Interpretation

152

(13)

Changing a Six-Month Plan Using Historical Data

165

(18)

Analyze the Given Information

165

(1)

Determine Sales

166

(1)

Figure Out the Stock Data

166

(1)

Calculate Markdown

166

(1)

Determine Planned Purchases

167

(1)

Measure Average Stock and Turnover

167

(1)

Changing a Six-Month Plan

168

(1)

Analyze the Given Information

168

(1)

Determine Sales

169

(1)

Figure Out the Stock Data

169

(2)

Calculate Markdowns

171

(1)

Determine Planned Purchases

171

(1)

Measure Average Stock and Turnover

172

(11)

Developing New Six-Month Plans

183

(20)

Analyze the Given Information

183

(1)

Determine Sales

184

(1)

Figure Out the Stock Data

184

(1)

Calculate Markdowns

185

(1)

Plan Monthly Purchases

186

(1)

Developing a Six-Month Plan

186

(1)

Analyze the Given Information

186

(1)

Determine Sales

187

(1)

Figure Out the Stock Data

187

(1)

Calculate Markdowns

188

(1)

Plan Monthly Purchases at Retail and Cost

189

(14)

Calculating Open to Buy

203

(6)

Open to Buy

203

(1)

Determining Open to Buy

204

(5)

Classification Planning

209

(18)

Building a Model Stock Through Classification Planning

211

(16)

First Steps in Building a Model Stock Through Classification Planning

211

(1)

Next Steps in Building a Model Stock Through Classification Planning

211

(1)

Elements of a Typical Classification Plan

212

(1)

A Specific Example

212

(15)

PART V Profitability

227

(30)

Operating Statements

229

(22)

Purpose of an Operating Statement

229

(3)

Format of Operating Statements

232

(6)

Determining Net Cost

238

(13)

Sales Per Square Foot

251

(6)

PART VI Corporate Buying and Planning

257

(26)

Cost Sheets and Pricing

259

(24)

Fashion Trends

259

(4)

Cost Sheets

263

(5)

Calculating Markup

268

(3)

Store Markup

269

(2)

Costing and Pricing: Wholesale versus Private Label

271

(12)

Workbook Aids: Formulas and Answers

283

(4)

Basic Business Formulas

285

(2)

Helpful Hints

285

(1)

Basic Markup Formulas

285

(1)

Analyzing and Evaluating Six-Month Merchandising Plans

286

(1)

Developing a Six-Month Merchandising Plan

286

(1)

Profitability

286

(1)

Cost of Goods To Be Sold

286

(1)

Answers

287

(44)

Index

331

Amazon no longer offers textbook rentals. We do!

Math for Merchandising: A Step-By-Step Approach

Math for Merchandising: A Step-By-Step Approach

9780130182029

0130182028

Summary

Table of Contents

Supplemental Materials

Write a Review

Amazon no longer offers textbook rentals. We do!

Math for Merchandising: A Step-By-Step Approach

Math for Merchandising: A Step-By-Step Approach

9780130182029

0130182028

Summary

Table of Contents

Supplemental Materials

Write a Review

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