Making Buying Decisions: Using The Computer as a Tool / Edition 1

Making Buying Decisions: Using The Computer as a Tool / Edition 1

by Richard Clodfelter, Peter Dublin
     
 

ISBN-10: 082736797X

ISBN-13: 9780827367975

Pub. Date: 08/28/1995

Publisher: Delmar Cengage Learning

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
Instructor's Guide, 0-8273-6798-8

Overview

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
Instructor's Guide, 0-8273-6798-8

Product Details

ISBN-13:
9780827367975
Publisher:
Delmar Cengage Learning
Publication date:
08/28/1995
Series:
General Business and Business Education Series
Edition description:
Older Edition
Pages:
217
Product dimensions:
6.00(w) x 8.95(h) x 0.80(d)

Table of Contents

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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