# W5_Assignment 2.docx

Description
Assignment 2: Final Project: Annie's on Broadway: Fall Quarter On October 1, 2005, Annie had an opening inventory at retail valued at \$195,000.00 with a MU% at 61.4 percent and by the middle of November, the purchases for the season to date to carry Annie's through the busy holiday amounted to \$375,000.00 at cost. Annie estimates that she has to achieve a 65 percent cumulative markup in order to meet her year-end profit projection. Task This week, perform the following activities. 1. What will t
Categories
Published

View again

All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Transcript
Assignment 2: Final Project: Annie's on Broadway: Fall Quarter   On October 1, 2005, Annie had an opening inventory at retail valued at \$195,000.00 with a MU% at 61.4 percent and by the middle of November, the purchases for the season to date to carry Annie's through the busy holiday amounted to \$375,000.00 at cost. Annie estimates that she has to achieve a 65 percent cumulative markup in order to meet her year-end profit  projection. Task   This week, perform the following activities.   1. What will the total dollar value of Annie's merchandise at retail be? 2. What is the MU% that must be applied to the purchases season to date to achieve the planned cumulative MU% of 65 percent? What course of action would be appropriate to increase MU%? During this fall quarter, Annie hires two more part-time sales associates for 20 hours per week at an hourly rate of \$8.00 to assist the increased business for the Christmas rush. She hires another part-time security guard for the quarter at an additional security cost of \$2,500.00.  At the close of business on December 31, 2005, the following numbers apply.   Net sales for the fall quarter totaled \$905,375.00 with a gross margin of \$443,440.00.   Annie increases her advertising expense by \$12,000 above her summer advertising expense to generate greater market visibility and continues promotional events started in summer with another fashion show and another fashion makeover.   Except as noted, all operating expenses remain same as that at the end of summer. (Remember to use 52 weeks for a year). With the given information, create a skeletal P&L statement for the fall quarter. Deliverable  Use the given template to document your responses. Submit it to the W5: Assignment 2 Dropbox  by Monday, September 23, 2013 . You can use the Word or Excel template depending on your comfort — you'll be graded on the calculations and not on the choice of template. Grading Scale for Assignment Criteria:   Excellent   Good   Moderate   Needs Improvement   Below Standard   Unacceptable  50 Points 42.5 40 32.5 30 0  –  25 Points Excellent   Good   Moderate   Needs Improvement   Below Standard   Unacceptable  45 Points 36 36 28.5 27 0  –  22.5 Points Excellent   Good   Moderate   Needs Below Unacceptable    Improvement   Standard  5 Points 4.5 4 3.5 3 0  –  2 Points Assignment 2 Grading Criteria   Maximum Points   Content  Correctly calculated the total dollar value of Annie's merchandise at retail. 50  Correctly calculated MU% that must be applied to the  purchases season to date. 50 Correctly completed a skeletal P&L statement for the fall quarter. 50 Describe other course of action that would be appropriate to increase MU%. 45   Format  Used the given template to document responses and submitted it to the W5: Assignment 2 Dropbox  by Monday, September 23, 2013 . Used the provided Word or Excel template. 5 Total:   200   For assistance with any problems you may have when completing this assignment — OR — to offer your assistance to classmates, please use the Problems and Solutions Discussion area located through the left side navigation link.

Jul 23, 2017

#### W4_Assignment 1.docx

Jul 23, 2017
Search
Similar documents

View more...
Tags