ATM 320 - Buying and Merchandising Math

Description:
An introduction to the financial management of fashion products; mathematical applications using percentages, mark-ups, profit formulas, pricing principles, tracking inventory, and mathematical formulas used in all levels of apparel operations. Formerly ATM 285, students may not receive credit for both.

Credits: (4)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

Outline the basic sales elements in the buying/selling proces

Calculate, analyze, and measure the performance of operating income
Determine and calculate of the costs of goods sold when purchasing merchandise and the net cost
Classify activities that retailers can use to maximize profits
Prepare price lining, pricing strategy, and pricing issues
Calculate markup as dollar amounts and percentages for individual items and groups of items for establishment of retail prices
Calculate initial markups, cumulative markups, and maintained markups, keeping markups balanced for various situations
Formulate the dollar amounts and percentages of markup needed to evaluate the impact of merchandising decisions
Evaluate the retail method of inventory including information and procedures necessary to implement the retail method of inventory
Outline the elements of a six-month merchandise plan
Compose profit and loss statements

Learner Outcomes Approval Date:
1/22/21

Anticipated Course Offering Terms and Locations:
Winter Locations: Ellensburg