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Math for Merchandising : A Step-by-Step Approach,9780130182029

Math for Merchandising : A Step-by-Step Approach

by
Edition:
2nd
ISBN13:

9780130182029

ISBN10:
0130182028
Format:
Paperback
Pub. Date:
1/1/2002
Publisher(s):
Prentice Hall
List Price: $57.00
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  • Math for Merchandising : A Step-by-Step Approach
    Math for Merchandising : A Step-by-Step Approach




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.

Table of Contents

PART I Introduction 1(36)
Using Your Workbook and Calculator
3(6)
Using Your Workbook
3(1)
Using Your Calculator
4(5)
Common Operating Keys for a Basic Calculator
4(1)
Basic Keys
5(1)
Decimal Point
5(1)
Percent Key
5(4)
Percentages
9(28)
Using Percents
9(1)
Basic Math Skills
10(7)
Fractions and Decimals
10(2)
Dozens
12(2)
Rounding
14(1)
Working with Percents
15(2)
Helpful Hints
17(8)
Applying Percents to Merchandising Concepts
25(9)
Using Percents to Analyze, Compare, and Set Direction
34(3)
PART II Purchasing Concepts 37(32)
Purchasing Product: The Terms, Conditions, and Forms Used for Buying Merchandise
39(30)
Terms and Conditions
40(1)
Price of the Product
40(1)
Payment Terms
40(1)
Shipping Terms
40(1)
Forms
40(13)
Purchase Orders
42(4)
Invoices
46(2)
Return-to-Vendor Forms
48(5)
Negotiating
53(16)
Price of the Product
56(57)
List Price
Dating and Payment Terms
57(4)
Shipping Terms
61(8)
PART III Pricing and Repricing Merchandise 69(66)
Individual Markup and Initial Markup
71(30)
Principles of Markup
71(30)
Formulas and T-Chart Grids
75(1)
Finding the Specific Dollar Amounts
76(2)
Finding Percents
78(2)
Finding Total Dollar Amounts
80(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


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