Francesca’s Boutique has a merchandise budget that includes $53,420 in planned sales for Dresses, $5342 in planned reductions, and $63,762 in planned purchases. The assortment includes 4 sub classifications (Casual (30%), dressy (20%), day-to-night (35%), date night (15%)) with 5styles, 4 colors, 4 sizes (for each sub class). The average first price on the dress is $45. Francesca’s expects to devote about 50 square feet to displaying the dresses in each store (10 stores), and the shirts to generate approx. $107 per square foot during the fall selling period. Markdowns are expected to be 10% of sales. Average Markup is 63%. Based on the information provided: What is the planned volume of the assortment? (Note: Use Planned Merchandise to Receive figures) How many SKUs are in this assortment? What is the model stock for the entire dress assortment?

A stock is a security that tends to the obligation regarding part of an endeavor. This entitles the…

Answered: Francesca’s Boutique has a merchandise…

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Francesca’s Boutique has a merchandise budget that includes $53,420 in planned sales for Dresses, $5342 in planned reductions, and $63,762 in planned purchases. The assortment includes 4 sub classifications (Casual (30%), dressy (20%), day-to-night (35%), date night (15%)) with 5styles, 4 colors, 4 sizes (for each sub class). The average first price on the dress is $45. Francesca’s expects to devote about 50 square feet to displaying the dresses in each store (10 stores), and the shirts to generate approx. $107 per square foot during the fall selling period. Markdowns are expected to be 10% of sales. Average Markup is 63%.

Based on the information provided: