A Practical Approach to Merchandising Mathematics Revised 1st edition By Linda Cushman – Ebook PDF Instant Download/Delivery: 160901300X , 978-1609013004
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ISBN 10: 160901300X
ISBN 13: 978-1609013004
Author: Linda Cushman
A Practical Approach to Merchandising Mathematics, Revised 1st Edition, is dedicated to helping students master the mathematical concepts, techniques, and analysis utilized in the merchandise buying and planning process. Students will review basic maths concepts; learn how to use typical merchandising forms; become familiar with the application of computerized spreadsheets in retailing; and recognize the basic factors of buying and selling that affect profit. This peer-reviewed new edition of the text brings together assortment planning, vendor analysis, markup and pricing, and terms of sale into one comprehensive resource for students who will be involved with the activities of merchandise buying in the retail industry.
PLEASE NOTE: Purchasing or renting this ISBN does not include access to the STUDIO resources that accompany this text. To receive free access to the STUDIO content with new copies of this book, please refer to the book + STUDIO access card bundle ISBN 9781501395406. STUDIO Instant Access can also be purchased or rented separately on BloomsburyFashionCentral.com.
A Practical Approach to Merchandising Mathematics Revised 1st Table of contents:
Acknowledgments
1. Basic Math Concepts
Working with Decimals
Converting Percentages, Fractions, and Decimals
Chapter 1 Review Exercise A
Chapter 1 Review Exercise B
Chapter 1 Review Exercise C
Basic Spreadsheet Concepts Excel Tutorial 1
Opening a File
Entering Data
Formatting Numbers
Entering Formulas
Copying Formulas
Creating Formulas
Completing the Formatting
Bolding and Centering Headings
Placing a Border under Column Headings
Setting a Print Area and Formatting the Page
Saving YourWork and Printing
Printing Formulas
Additional Spreadsheet Operations
2. Factors Affecting Profit
Profit and Loss Statements
Skeletal Profit and Loss Statements
Complete Profit and Loss Statement
Chapter 2 Review Exercise A
Chapter 2 Review Exercise B
Chapter 2 Review Exercise C
Basic Profit and Loss Calculations Excel Tutorial 2
Opening the File
Completing the Spreadsheet
Calculating Percentages
Formatting the Spreadsheet
Setting a Print Area and Formatting the Page
Saving YourWork and Printing
Printing Formulas
Profit and Loss Statement Review Problems Using Excel
Review Problem 2.1
Review Problem 2.2
Review Problem 2.3
Review Problem 2.4
Review Problem 2.5
Review Problem 2.6
3. Cost of Merchandise and Terms of Sale
Terms of Sale: Discounts
Trade Discounts
Quantity Discounts
Cash Discounts
Terms of Sale: Dating
COD Dating
Regular Dating
Extra Dating
End of Month (EOM) Dating
Receipt of Goods (ROG) Dating
Advanced or As of Dating
Anticipation
Loading
Negotiating Transportation Terms
Chapter 3 Review Exercise A
Chapter 3 Review Exercise B
Chapter 3 Review Exercise C
Cost of Merchandise and Terms of Sale Excel Tutorial 3
Opening a File
Completing the Spreadsheet
Saving YourWork and Printing
Cost of Merchandise and Terms of Sale Review Problems Using Excel
Review Problem 3.1
Review Problem 3.2
Review Problem 3.3
4. Reductions
Calculating Markdowns
Calculating Markdown Cancellations
Shortages
Employee Discounts
Chapter 4 Review Exercise A
Chapter 4 Review Exercise B
Chapter 4 Review Exercise C
Calculating Reductions Excel Tutorial 4
Opening a File
Entering Data
Formula Writing
Copying Formulas
Formatting Numbers
Completing the Formula Writing
Completing the Spreadsheet
Setting a Print Area and Formatting the Page
Saving YourWork and Printing
Printing Formulas
Calculating Reductions Review Problems Using Excel
Review Problem 4.1
Review Problem 4.2
Review Problem 4.3
5. Calculating Basic Markup
Calculating Markup
Calculating the Retail Price
Calculating the Markup Dollars
Calculating the Cost Price
Calculating the Markup Percentage Based on Retail
Calculating the Markup Percentage Based on Cost
Calculating the Retail Price Given Cost Dollars and Markup Percentage
Calculating the Cost Price Given Retail Dollars and Markup Percentage
Chapter 5 Review Exercise A
Chapter 5 Review Exercise B
Chapter 5 Review Exercise C
Calculating Markup Excel Tutorial 5
Opening a File
Completing the Spreadsheet
Completing the Table
Setting the Print Area and Formatting the Page
Saving YourWork and Printing
Calculating Markup Review Problems Using Excel
Review Problem 5.1
Review Problem 5.2
Review Problem 5.3
Review Problem 5.4
Review Problem 5.5
Review Problem 5.6
6. Markup and Pricing Strategy
Calculating Initial Markup
Calculating Cumulative Markup
Calculating Maintained Markup
Calculating Average Markup
Finding Markup Percentage for Remaining Purchases
Finding Cost Dollars for Remaining Purchases
Finding Single Retail Price for Varying Cost
Chapter 6 Review Exercise A
Chapter 6 Review Exercise B
Chapter 6 Review Exercise C
Markup Calculations and Pricing Strategies Excel Tutorial
Opening the File
Completing the Spreadsheet
Setting a Print Area and Formatting the Page
Saving YourWork and Printing
Printing Formulas
Markup Calculations and Pricing Strategies Review Problems Using Excel
Review Problem 6.1
Review Problem 6.2
Review Problem 6.3
Review Problem 6.4
Review Problem 6.5
Review Problem 6.6
7. Valuation of Retail Inventory
Calculating Book Inventory
Calculating Shortages and Overages
Calculating Shortage and Overage Percentage
Calculating the Book Inventory at Cost
Reviewing Markup Concepts, Total Merchandise Handled, and Gross Margin
Chapter 7 Review Exercise A
Chapter 7 Review Exercise B
Chapter 7 Review Exercise C
Retail Method of Inventory Valuation Excel Tutorial
Opening the File
Completing the Spreadsheet
Setting a Print Area and Formatting the Page
Saving YourWork and Printing
Printing Formulas
Retail Method of Inventory Valuation Review Problems Using Excel
Review Problem 7.1
Review Problem 7.2
Review Problem 7.3
Review Problem 7.4
Review Problem 7.5
Review Problem 7.6
8. Six-Month Plans
Six-Month Merchandise Plan Example
Planning Sales
Calculating Total Planned Sales (a.k.a. Seasonal Sales)
Calculating Planned Sales by Month
Planning Stocks
Calculating Stock Turn
Basic Stock Method of Inventory Planning
Stock-Sales Ratio Method of Inventory Planning
Weeks Supply Method of Inventory Planning
Planning Markdowns
Calculating Planned Monthly Markdowns
Planning Purchases
Planning Purchases at Cost
Calculating Gross Margin Return on Inventory Investment
Chapter 8 Review Exercise A
Chapter 8 Review Exercise B
Chapter 8 Review Exercise C
Six-Month Merchandise Plan Excel Tutorial
Opening the File
Completing the Spreadsheet
Formatting Planned Sales Figures
Formatting the Stock-Sales Ratio Figures
Formatting the BOM Stock Figures
Determining the Percentage of Markdowns Monthly
Setting a Print Area and Formatting the Page
Saving YourWork and Printing
Six-Month Merchandise Plan Review Problems Using Excel
Review Problem 8.1
Review Problem 8.2
Review Problem 8.3
Review Problem 8.4
Review Problem 8.5
Review Problem 8.6
9. Purchase Performance and Profitability
Calculating Dollar Open-To-Buy at the Beginning of the Month
Calculating Open-To-Buy in the Middle of the Month
Planning the Assortment
Vendor Analysis
Chapter 9 Review Exercise A
Chapter 9 Review Exercise B
Chapter 9 Review Exercise C
Purchase Performance and Profitability Excel Tutorial
Opening a File
Completing the Spreadsheet
Saving YourWork and Printing
Printing Formulas
Purchase Performance and Profitability Review Problems Using Excel
Review Problem 9.1
Review Problem 9.2
Practicing What You Have Learned—Answers
Glossary
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Tags: Linda Cushman, A Practical Approach, Merchandising Mathematics